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The Kyle Anzalone Show with Larry Johnson: Midterm, Markets, and Missiles

by | May 6, 2026

The Kyle Anzalone Show with Larry Johnson: Midterm, Markets, and Missiles

by | May 6, 2026

The scariest part of the U.S.-Iran standoff isn’t the loud headlines. It’s the quiet math of distance, missiles, and leverage at the Strait of Hormuz.

We sit down with Larry Johnson to unpack Iran’s reported “new” framework and why it may be the same core message: lift the U.S. blockade on Iranian ports, and Iran controls access through Hormuz while allowing shipping to move. From there, we get brutally practical about what the U.S. can and cannot do militarily. Carrier strike groups have to operate far offshore to avoid Iranian cruise missiles, ballistic missiles, and drones, which pushes Washington toward standoff weapons like Tomahawks and JASSMs. That sounds clean until you ask the real question: what happens when those stockpiles are running thin and you still want credible deterrence against bigger priorities like China?

We also talk about reports of improving Iranian air defenses, why that could force even more reliance on standoff munitions, and how reputational damage compounds when adversaries see limits in U.S. power projection. On the geopolitical front, we explore Russia and China’s likely role in intelligence support and why diplomacy through intermediaries matters as much as public posturing. And yes, we react to the claim that Iran’s oil system is days from catastrophic pipeline failure, and what it says about the quality of intelligence feeding top decisions.

If you want clear-eyed analysis of the U.S.-Iran conflict, the Strait of Hormuz, sanctions and blockade dynamics, missile stockpiles, and the future of aircraft carriers in modern warfare, hit subscribe, share this with a friend, and leave a review. What’s your read on where this goes next?

Kyle Anzalone

Kyle Anzalone

Kyle Anzalone is news editor of the Libertarian Institute, opinion editor of Antiwar.com and co-host of Conflicts of Interest with Will Porter and Connor Freeman.

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