Iran looks like it will get a toll on Strait traffic. This money, plus even a partial lifting of sanctions, will be a windfall.

Any Iranian leadership whose brains are not made of sawdust will use that money to race to a nuclear weapon. Clearly, we are in an era where the only reliable nuclear umbrella is locally sourced and homegrown. Expect a dominant geopolitical theme to be proliferation as every state that feels somewhat threatened boots up a nuclear weapons program. From ~9 states today, we should expect to see ~30 within the next 10-15 years.