<p>What happens when Iran gets the bomb—and the missiles to deliver it?</p><p>In this episode of <em>The Puck Venture Capital &amp; Beyond</em>, Jim Baer sits down with Mark Dubowitz, CEO of the Foundation for Defense of Democracies, for a clear-eyed look at one of the most consequential geopolitical risks of our time.</p><p>As tensions escalate in the Middle East—with the Strait of Hormuz under threat, oil markets on edge, and U.S. and Israeli forces actively engaged—Dubowitz lays out the real stakes: not just nuclear weapons, but a broader strategy for regional dominance and global leverage.</p><p>They break down:</p><ul><li>Why Iran’s nuclear ambitions are about far more than deterrence</li><li>The strategic importance of the Strait of Hormuz to the global economy</li><li>How missile capability + nuclear weapons changes the balance of power</li><li>The three-phase strategy: military degradation, weakening the regime, and supporting the Iranian people</li><li>What history (from WWII to the Cold War) teaches about acting too late</li><li>Whether the U.S. and its allies are facing a once-in-a-generation decision point</li></ul><p>This is a sober, strategic conversation about power, timing, and the cost of inaction.</p><p>If you want to understand where this is heading—not where it’s been—this episode is essential listening.</p>