Iran has a new Supreme Leader, the Strait of Hormuz is effectively closed, and the U.S. went to war with somewhere between four and eleven goals depending on who you asked. In this bonus episode, Jonathan Panikoff of the Atlantic Council breaks down what Mojtaba Khamenei's rise actually means, why regime change and leadership change are not the same thing, and what a "best case scenario" looks like when best is a very relative term. If you want to understand what's really at stake, for Iran, for global oil markets, and for the guy paying $5 at the pump in Pittsburgh, this is the episode.