Recorded on March 23, 2026
Tom Luongo joins Andy Millette for a deep macro and geopolitical breakdown of Iran, the Strait of Hormuz, nuclear leverage, shipping insurance, and the larger fight over who really controls global chokepoints. Tom argues that most people are reading the board wrong, framing the conflict like chess when the real game is poker, with leverage, timing, and capital deciding the outcome. He explains why he believes the Strait of Hormuz matters far beyond headlines, how energy flows and financial power connect, and why he sees an older imperial system under pressure beneath the daily news cycle. The conversation also digs into second order effects, paper tiger narratives, global trade risk, nuclear deterrence, and why investor psychology gets shaped by political storytelling long before markets fully price it in. If you want the why behind the moves and not just the surface level reaction, this episode goes straight at the incentives, pressure points, and strategic logic behind one of the biggest geopolitical stories in the market. #Millettian
Key topics
Strait of Hormuz leverage
Chess versus poker geopolitics
Shipping insurance and chaos premium
Iran and nuclear deterrence
Global chokepoints and trade flows
Paper tiger narratives
Old empire versus new order
Energy markets and macro strategy
Why narratives move markets
How Tom Luongo frames the board
Guest links
Tom Luongo Website https://tomluongo.me
Tom Luongo Bio https://tomluongo.me/about/
Host Andy Millette
Natural Resource Stocks Website https://www.NaturalResourceStocks.net
YouTube Main https://www.youtube.com/@naturalresourcestocks
YouTube Clips https://www.youtube.com/@NaturalResoureStocksClips
X https://x.com/theandymillette
LinkedIn https://www.linkedin.com/in/andymillette/
Natural Resource Stocks LinkedIn https://www.linkedin.com/company/naturalresourcestocks-net/
Natural Resource Stocks Facebook https://www.facebook.com/people/Natural-Resource-Stocks/100090526686713/
Natural Resource Stocks TikTok https://www.tiktok.com/@natural.resource.stocks
Natural Resource Stocks Instagram https://www.instagram.com/naturalresourcestocks/
Chapters
00:00 Strait of Hormuz and second order effects
00:02:31 Andy opens the conversation
00:03:17 Gamesmanship and the lens of the game
00:05:23 Shipping insurance and chaos premium
00:06:01 Why Iran and nukes sit at the center of the debate
00:10:34 Hormuz as global blackmail leverage
00:13:54 Fewer nuclear weapons and deterrence logic
00:20:13 Why Tom says Iran became a paper tiger
00:24:33 Scenario two and why the board changed
00:25:17 Iran plays chess and America plays poker
00:34:41 The old empire and the 1694 framework
00:41:19 Why most commentators missed the play
00:47:23 Why Tom says the war was over on day two
00:54:14 Could this reset nuclear deterrence
01:06:41 If Trump pulls it off
01:11:25 How to follow Tom Luongo
The content provided by Galt Consulting Group, doing business as NaturalResourceStocks.net, including but not limited to interviews, articles, podcasts, and other digital media, is for informational purposes only. We reserve the right to buy and sell shares of any company mentioned in these communications, including sponsors of the NaturalResourceStocks.net platform. If Galt Consulting Group or any affiliated parties are invested in a company mentioned in our content, we will publicly disclose such investments on all digital platforms, including but not limited to the NaturalResourceStocks YouTube channel, Apple Podcasts, and Spotify. This disclosure will include clear statements indicating whether or not we hold shares in the companies discussed. Nothing in our content constitutes financial advice. Every investor is responsible for conducting their own due diligence and should seek the advice of a qualified financial professional before making any investment decisions. Past performance is not indicative of future results, and investments in the stock market can result in the loss of principal. By engaging with our content, you acknowledge that you are fully responsible for your investment decisions and agree to hold Galt Consulting Group, NaturalResourceStocks.net, and its affiliates harmless for any financial losses incurred.
