Verdict with Ted Cruz

BONUS: Daily Review with Clay and Buck - May 5 2026

49 min
May 5, 202625 days ago
Listen to Episode
Summary

Clay and Buck discuss Trump administration foreign policy, particularly Iran's blockade of the Strait of Hormuz and its impact on oil prices, while also covering domestic politics including primary elections and redistricting. Guest Daniel Perez, Speaker of the Florida House, discusses Cuba and Venezuela policy alongside Florida's new congressional map.

Insights
  • Oil and gas prices are the primary domestic economic indicator affecting voter sentiment and affordability perceptions
  • U.S. government insurance guarantees for commercial shipping could reduce geopolitical risk premiums and stabilize energy markets without direct military escalation
  • Democratic Party operates as a unified machine independent of individual candidate quality, making nominee selection predictable regardless of polling
  • Mid-decade redistricting following census corrections and population shifts creates significant electoral opportunities for state-level Republicans
  • Sanctions pressure combined with democratic election requirements are essential for regime change strategy in authoritarian states
Trends
Energy security becoming central to geopolitical strategy and domestic economic policy under Trump administrationState-level redistricting battles intensifying as population migration patterns favor Republican-controlled statesU.S. foreign policy toward Latin America emphasizing regime pressure and democratic governance requirementsCommercial shipping industry reassessing risk models and insurance requirements for high-threat maritime corridorsPolitical operatives increasingly focused on machine-level party dynamics rather than individual candidate viabilitySanctions as primary tool for containing adversarial regimes without direct military interventionPopulation migration to low-tax states reshaping congressional representation and electoral maps
Topics
Iran Strait of Hormuz BlockadeOil and Gas Price StabilizationGovernment Shipping Insurance GuaranteesU.S.-Iran Military PostureCommercial Maritime Risk Management2026 Primary Elections Indiana OhioTennessee Congressional RedistrictingFlorida Congressional RedistrictingCuba Regime Change StrategyVenezuela Democratic GovernanceSanctions Policy EffectivenessEnergy Market VolatilityDemocratic Party Nomination ProcessKamala Harris 2026 CampaignLatin American Foreign Policy
Companies
Lloyd's of London
Insurance provider refusing to cover ships in Strait of Hormuz; discussed as potential model for U.S. government insu...
iHeart Media
Podcast network distributing the Clay and Buck show
People
Clay Travis
Co-host proposing U.S. government shipping insurance guarantee to stabilize oil prices and Strait of Hormuz commerce
Buck Sexton
Co-host discussing Iran military capabilities, shipping risk, and geopolitical implications of blockade
Donald Trump
Discussed regarding Iran policy, ceasefire enforcement, and military posture in Strait of Hormuz
Pete Hegseth
Addressed ceasefire status and Iranian military capabilities at Pentagon press conference
Daniel Perez
Guest discussing Cuba and Venezuela policy, Florida redistricting map, and Latin American governance strategy
Marco Rubio
Discussed as leading Cuba and Venezuela policy for Trump administration; former Florida House Speaker
Ketanji Brown-Jackson
Criticized for redistricting delay request rejected by Justice Alito; discussed as lasting negative legacy of Biden a...
Kamala Harris
Discussed as likely 2026 Democratic nominee based on polling and party machine dynamics
J.D. Vance
Traveled to Ohio to cast primary votes during Indiana-Ohio primary elections
Tom
Shipping industry expert caller providing historical context on Lloyd's of London insurance and tanker valuation
Quotes
"I think if President Trump went out and said the United States is going to ensure the fair transit of the ships in the Strait of Hormuz by actually giving insurance to all of the ship owners that are in the Strait of Hormuz... the price of oil and gas would drop almost $20 overnight"
Clay TravisEarly segment
"The candidate doesn't really matter. In fact, the candidate is a figurehead for the broader Democrat, you know, mechanisms to go into place. If I had thought about that, I would not have made a foolish bet with you about Kamala"
Buck SextonMid-segment
"It's time for this regime to pick up their bag and get the hell out of town because that is land that belonged to the Cuban people well before they went in there and took it away"
Daniel PerezGuest segment
"You have to absolutely squeeze the neck of this monster, and you have to cut the head off the snake. It's the only way that you can succeed"
Daniel PerezGuest segment
"Without fair and accurate and open elections, then eventually they'll just go back to what they know best, which is that socialist ideology"
Daniel PerezVenezuela discussion
Full Transcript
This is an iHeart Podcast. Guaranteed human. Welcome in. It is the Tuesday edition of the Clay Travis and Buck Sexton show. Lots of different news stories to be following, as is always the case. President Trump speaking right now in the Oval Office. Already Pete Hegseth and General Cain have had a press conference at the Pentagon. We will fill you in with the absolute latest there. Indiana and Ohio are voting in primary season. So if you are in Indiana and or Ohio, then you need to get out and get your votes in. Vice President J.D. Vance traveled to Ohio to get his primary votes cast this morning. Also footage of that. And by the way, the state of Tennessee where I am has begun a new special session to see whether or not they can add another Republican seat to the Tennessee delegation in the wake of the Louisiana Calais case, which did away effectively with redistricting based on race. So that is underway. Just real quick. Did you see the Alito slapdown? Oh, yeah. Slapdown of the Katanji Brown-Jackson, maybe we can delay this map 30 days. Alito's like, it's unconstitutional. Why would we delay it? Because we want to have the unconstitutional map for the election anyway. I was thinking we'd have some fun with that at some point during the course of the program because it feels to me increasingly with every one of these filings that basically everybody's just fed up with Ketanji Brown-Jackson. And it is Biden's final curse, the worst four-year administration that any of us have ever seen, in my opinion, in our lives. And the lasting legacy of it, aside from all the inflation and all of the racial antagonism, is ultimately that we now have Ketanji Brown-Jackson for the next 30 years. she's Biden's final curse. Counterpoint, Mr. Clay Travis, Democrats love her. They love this. They like having somebody who has the legal knowledge and skill of your average MSNOW Trump deranged viewer. So they think this is great. They think it's probably Biden's best thing. Side note, and I probably shouldn't even bring this up, do you see what Kamala's numbers are looking like these days? Oh, she's going to be the nominee. This is so disappointing. This is so disappointing. Because one, she's going to be the nominee. Two, you're going to end up being right on something, which drives me completely insane. And I can see this train slowly coming toward me right now. Clay's victory dance is going to be a fight. She is going to be the nominee because she has already begun the campaign. The numbers that continue to come out reflect that she is substantially in the lead. Gavin Newsom has already begun to fade. Everybody was talking about how brilliant he was. Oh, he's doing all these different podcasts. His wife is crazy. California is a mess. I'm going to try to regain some analytic dignity here by pointing out that I violated one of my own precepts of the foundation of the Democrat Party these days that we learned during the Biden administration, Clay, which is that it's not a candidate. It's a machine. The candidate doesn't really matter. In fact, the candidate is a figurehead for the broader Democrat, you know, mechanisms to go into place. If I had thought about that, I would not have made a foolish bet with you about Kamala, because of course Kamala can be the nominee. It doesn't matter. She's a Democrat. She's black. She's a woman. They'll make it happen. That is I think that is likely to be the case, unfortunately, as much as I wish it were not going to be the case. but I would say the I think you probably sign off on this now the number one story going forward right now is what is the price of oil and gas is that fair to be a rough proxy on we've got record highs in the stock market and I don't want to play into Democrat talking points and their obsession with the price of oil and gas but I do think it's probably worthy of analyzing right Right now, as we speak, crude oil futures right around $100. They are coming down about 5% today as this news has continued to come out. Pete Hegseth says the ceasefire is not over. We expected some churn. Listen to Cut One. No, the ceasefire is not over. Ultimately, this is a separate and distinct project. and we expected there would be some churn at the beginning, which happened. And we said we would defend and defend aggressively, and we absolutely have. Iran knows that. And ultimately, the president's going to make a decision whether anything were to escalate into a violation of a ceasefire. Here's an idea, Buck, and I know the White House monitors this, and they probably have discussed it somewhat. But I think there is an argument, and I will make it, and I believe it is actually a good argument. I think if President Trump went out and said the United States is going to ensure the fair transit of the ships in the Strait of Hormuz by actually giving insurance to all of the ship owners that are in the Strait of Hormuz. Let me explain what I mean by that. That means if your ship gets hit and it goes under, the United States will help to pay the $100 million value of your ship and cargo. And some of you are going to say, well, I don't like the United States taking on this obligation. I would suggest to you that the price of oil and gas would drop almost $20 overnight if the United States said that. and if the free flow of goods began again in the straight-of-Hormuz, which means the cost of us making that insurance guarantee would actually be overwhelmingly paid for in the collapse of oil and gas prices. I think it would be a smart strategic move. It also then allies the United States on the side of commerce, And I think Buck automatically sort of labels Iran then as the terrorist actor, because if they are going to attack any of these ships, we have established we want free and fair passage of them. I would not include Iran in that guarantee right now until the peace agreement happens. But every non-Iranian flagship, we can make the determination on it. We would provide insurance to and free support for them to transit the Strait of Hormuz. Crazy idea, good idea. How do you assess it? You need someone to pilot the ship, Clay. I don't think they care that much that there's insurance. If they're worried, they're going to get blown up or shot or captured. Oh, so you think, I think the pilots will go. Oh. I think, you don't think so. Clay, there was just a South Korean vessel attacked, what, in the last 48 hours? I, let me put it to you this way. If you're the captain of an oil tanker right now that's about to go in there, are you like, well, Lloyd's of London has my back, so no problem. Well, I think if your boss said, hey, I want you to go, I think probably they go. Wow. So I think the owners of the ship, you're right. I'm a model employee. I would not. The owners of the ships, I think, are concerned primarily about the safety of the physical cargo and their ship itself. I think the crew is concerned about the safety of the crew. You think the crew would mutiny, basically, and say, we're not going? Yeah, dude. For sure. Yes. Okay. Absolutely. I don't know. These aren't Navy SEALs who are piloting these. They're not shining their M4s. floors i think a lot of these guys are probably going borderline insane uh like cooling their heels in the uh they are maybe you have to give them hazard pay in order to take the risk buck guys get on the deadliest catch i've why i used to watch that show you couldn't pay me enough money to strap in and frigid seas and try to drag lobster out of the ocean if you pay people enough money they will basically take a risk to do anything uh first of all tennessee man crab not lobster lobster is the northeastern look at this look at this guy everybody you see this crab lobster i don't want to be on any ship that i could fall off as you would there's no amount of money you could pay me to go out in cold water and try to drag in uh try to drag in crustaceans all right so point one point one tennessee man stick to cobbler point two i think you are forgetting how much the risk factor is for people that are now you might say well it's only one ship that's attacked yeah but who wants to who wants to be there's a reason we had to have this whole anti piracy program off of somalia as long as we did because they were and everyone's seen uh what's what's the you know the what's the movie um not not captain uh oh the i'm the pirate now thing Yeah, yeah, I'm the captain now. We all know that line. I can't remember the name. Anyway, there's a reason we have that. It's like Captain Smith or something, whatever it is. That's Tom Hanks, right? Captain Phillips. I said Smith. Captain Phillips. Same idea. Look, here's what Trump says about the ceasefire. He just said this a few minutes ago, so you're getting the most update. Clay's like, eh, get some insurance. Man up. Run the blockade. I think if we insured the boats, the evil profit-focused owners of the boat would just say, go. I hope everybody who works for Clay in sports media is hearing this. He's like, sometimes we've got to lose a few good guys to make a buck. No big deal here. I've got to say, it's true. It's true. As the awful boss, I mean, you know, if the Super Bowl, we lose a couple of people at the Super Bowl, it happens. You've got to be there to cover the Super Bowl. He's like, you know, a stampede here, a stampede there. All right, this is cut 30 Trump moments ago. Play it. What do they need to do to violate the ceasefire? Well, you'll find out because I'll let you know. They know what to do, and they know what to do. They know what not to do, more importantly, actually. And, you know, they fired them in little boats with pea shooters, you know, the pea shooters. Little boat with little, you know why? Because they don't have any boats anymore. Their Navy is comprised of, they call them little boats. And they're fast, yeah. They're so fast that they had eight of them, and they're all gone. And they're fast, but they're not fast like a missile. A missile is slightly faster. They're all gone. So they're looking around for little boats to try and compete with our great Navy. We have a Navy that's unbelievable. You know, we set up a blockade, as you know very well, not one ship. A couple tried, and they got their engines shut out. So you got 10 to 20 boats going through the Strait of Hormuz, I think, as of May 5th, it says here. So usually it's like 100 to 150. so it's way down so some ships are going to so some of them are willing to to run the run the risk but this is a 90 90 percent give or take drop from normal levels so it ain't open yet not really 90 drop is not open right no no no i mean and again i'm trying to think of you may be right that the crews are going to mutiny and they won't go um i actually think that most of the hang-up is not as much fear of bodily injury, although it's an interesting thing to think about. If the crew just says, sorry, we're not going. I think it the fear of the ships themselves being attacked There are people on those ships So if you afraid of the ship being attacked that means that people could get shot Claes, really. Do you put on a top hat and a monocle when you do this analysis? I think if you pay those... Look, again, if you pay the guys and you say, hey, I don't know what the average shipmate on one of these tankers makes. let's say you just said hey we got to get this thing out we want commerce moving we need fit i'll give you each more 50k to take the risk i think most would go here's the bigger concern i have about this though buck everybody's talking about the ships leaving my question is who's going to bring their ship back because if i get my ship out of the strait of hormuz and it has been stuck there for a couple of months why in the world am i going to take my ship back in and risk again that it could be stuck there there's any number of global shipping routes that they could go on so i think while the focus is and my my solution for the insurance gets those ships out and gets the commerce moving out i don't know who's going in and that's the biggest issue i think going forward because you get out however many hundreds couple hundred ships are backed up right there you get all that out that's good but it doesn't solve the issue because i'm not taking my ship back in there well i think you're totally right about this there's a huge difference between i think it's quiet enough we can get out of here that that is a risk versus maybe we should finish our run come back and see how that goes that's a that's where that's where crewman clay would say hey i'll i'll take the extra pay to get out i'm not taking the extra pay to go back because i might get stuck in there for a couple months and here's the other thing you're having to pay all of these guys probably hazard pay while they're just sitting cooling their heels uh up uh from iran waiting you know you look at the the ship tracking um and uh how much money to get to get a clay and buck show from a deadliest catch ship in like the bearing straight it would it would have to be they would have to pay me it would be crazy money you know what i'm saying it would it would have to be like i don't know uh it's because that in order in order sorry what particular job to do the deadliest catch thing right now oh great yeah i wouldn't get on a boat to run the straight for i mean you have to give me like a couple hundred million dollars yeah i mean i'm not risking i'm not risking my life uh because i'm not a ship guy but if i were a ship guy like the ship guys are crazy right i mean to their credit i love this he's just he's just like you know no big deal guys just see if the missile hits you all right we'll come back to this here in a second if we have any people that know about shipping and from this world please weigh in with your thoughts on this one if you ever worked on a container ship or you've been a captain of one okay let's talk about something really important here for a second tunnel to towers foundation born on america's darkest day of 9 11 the tunnel to towers foundation has been helping America's heroes ever since. Heroes like United States Army Specialist Anthony Vargas. After 9-11, Anthony's patriotism drove him to enlist in the Army. He served honorably and dreamed of one day being in the NYPD. But while on deployment, Anthony was killed instantly when an IED detonated near his unit. He left behind his wife Louisa, their children, and his siblings. In this 25th anniversary year of 9-11, we remember Anthony's service, sacrifice, and the lasting impact of America's darkest day. Tunnel to Towers honored his memory by paying off the Vargas family's mortgage, giving his family a stable, forever home. Help more families like the Vargas'. Your donation today can make a world of difference, bringing hope and security to those who gave everything. Donate $11 a month and amplify your impact with a car or land donation. Go to T2T.org. That's T, the number 2, T, dot, org. Looking for normal in a world of crazy? Clay and Buck have your back. Welcome back in here to Clay Ann Buck. VIP email from West right out of the gate. Clay, you told us you were going to swim Alcatraz this July. That's only a few months away. Am I hearing you correctly? Are you squiggling out of it already? Question mark. Yes. At least he's honest. I could. Now, I'm going to take a couple of things here. One, I have not trained. Two, Laura is actually concerned that I might get eaten by a shark. And it's really kind of gotten in my head that I might get eaten by a shark. And Buck sharing that story about the woman doing the triathlon, getting eaten by the shark, if there is a way to ensure. She was bitten. She wasn't eaten. Important distinction. She got bitten by the shark off the west coast of California during the Catalina. She didn't get eaten. I thought she died. No. a bite it was a little nibble a little like hey what's going on i i the shark thing is in my head and i can't shake it yeah i don't know if an eight foot great white shark takes like a little nibble but like she lived she did live here here is here is my potential compromise there is very safe in the u.s virgin islands there is a one and a quarter mile swim across the bay in megan's bay i used to live overlooking it when i was down there over the holiday i was looking at that and i was thinking now granted it's warmer but it's still a mile and a quarter uh and i feel like i could prove that i could swim that mile and a quarter without being attacked by oh i'm sorry in your bath temperature in your bath temperature water under a beautiful sun do they give you a back rub while you're doing it this is preposterous of the most of the people that believed i could not do it was about the distance more than it was about the temperature of the water i mean i was gonna be in a wetsuit nice warm wetsuit this is i i appreciate the uh the call i feel very confident that i could do it uh and i'm willing to do it in a way that does not put me at risk of being eaten by a shark if we contemplate a way to do that i'm gonna let tom and tampa bail you out here he's on the lines live. Tom, what's going on? Hey, Clay and Buck. Listen, I just wanted to hitchhike on Clay's comments about the insurance thing. There is definitely some legs there, but I think it's important to understand a little history. Lloyd's of London is the insurer of last resort, as you guys know. But it's important to understand some history. In the 337 years of Lloyds of London on the high seas insuring vessels. This is the first time in history, even the Yom Kippur War, which you would probably know about, Buck, because of CIA, even the Yom Kippur War, Lloyds of London still insured. So for this to work, each loss of a tanker at the bottom of the sea, including the cost of a tanker and assuming a 345,000 barrel of oil to the largest tender you can do is about $35 million. So the asterisk to Clay's idea is that the U.S. would literally have to take over Lloyd's position as the insurer of last resort. And I don't know, Clay, you're an attorney. I don't know the legal machinations of that, but the idea has legs. But the problem is Lloyd, as I understand it for the first time in history, is refusing to insure everybody going through there. That is the real issue. I don't think anybody's really talking about that. No, look, Tom, I should have explained a little bit more. You're exactly right. My idea on insuring is predicated on many of the current insurers are saying they will not insure these boats. Your math is a good one there. I would say $35 million for a tanker if it went to the bottom of the sea. that's like not even what a Somali daycare makes from our government. So the overall cost here, my point is, and we'll talk about this a bit more because I do think it's an intriguing idea. The overall cost would immediately vanish in terms of the premium on oil and gas. We would get back far more than we would be insuring, in my opinion. and it would, I think, immediately knock $20 off the cost of a barrel of oil and gas, which would overwhelmingly make gas prices more affordable here, makes it a net positive for us too. Second hour of Clay and Buck kicks off right now. We'll have some updates for you on Tennessee redistricting battle, which is underway. Also more from Trump at the White House, not just on Iran but on the economy, on tariffs, presidential fitness test. I hope it's age bracketed, right? Because I was like, I don't know. I don't know. Can I pass this thing right now? We got to look at this thing. I don't want to make any promises. I can't believe you never did the presidential fitness test. I thought everybody had to do this back in the day. My high school, if you gathered together all of the kids who were getting wedgies and were like, but I'm the valedictorian, getting shoved in a locker, that was my high school. Not a lot of presidential fitness tests going on there. and let's see we've got more i remember primarily in elementary school but uh but i'm sure it was elementary school version oh yeah oh we definitely didn't do it in elementary school yeah oh yeah like young kids stuff yeah i've always said the best thing that we had when i was growing up in elementary school at st david's in new york city was mandatory and just hear me out mandatory wrestling starting in first grade and we really then they actually really taught us and it was and then we had to wrestle. You didn't have a choice. It was like part of our PE program, basically. And if you were good enough, you had to wrestle in front of the whole school. And it was like Royal Rumble stuff in the third, fourth grade, and you didn't want to get punked. You didn't want to look like a little, you know, some kind of dancing daisy out there. So you had to be ready to throw down. And, yeah, it was good. And then later on in life, you're like, you basically have the basics of grappling taught. Clay, can I tell you what's funny about it, though? About five years after I graduated, talking about grammar school, they got rid of it because parents complained that it was too violent. So us Xennials, Gen X millennials, early millennials, we're a little more hardcore. You get a little bit older, and all of a sudden they're like, eh, Gen Z was like, eh, my shoulder hurts. So I'm just saying, Gen Z, you got to toughen up a little bit. Gen X continues to save the world, but that's a whole other discussion. Are you? Your generation is good. I can't. Yeah, you're the oldest millennial, basically, right? The oldest you can be and be considered a millennial, yeah. So people call it a zennial, like a Gen X millennial. So I'm as old as you can be. I wanted to just get this out there because we were talking animals before, crocodiles. Some of you were like, stop it. Talk about taxes and Trump and the agenda. And I hear you, and we're going to get to that. But also some of you were like, let's talk about animals. This is actually way more popular. This is what the data reflects. I guarantee you the spike. But as soon as you said, like, somebody got killed by a crocodile in South Africa and there were six shoes inside, there's not one radio that went off. Everybody's like spiked. This is what the data reflects. Yeah. Joint chiefs. OK, this is a real thing in the news. I'm not making this up. Clay mentioned yesterday. Dolphins possibly being deployed by Iran. There's some news reporting on this. I'm just bringing you the news, everybody. I don't make the news, I report the news. The Wall Street Journal reported that Iran had threatened us with mine-laying dolphins in... I mean, I took a picture, because I knew people were going to think I'm crazy. I took a picture, and then I highlighted it, which is about as good as I can do on my phone tech-wise, and then I tweeted it out, because I like things are probably not going great for Iran if they threatening us with dolphins in mind But this was a real thing Also these six sons of guns like leave the dolphins out of it You know, they're actually considered, I believe, one of the five most intelligent animals on Earth. When they measure animal intelligence, which is a tough thing to do in a lot of ways. But one of the ways, and keep in mind, killer whales, people talk about how freakishly smart they are. They're just really big dolphins. They're actually technically not whales. They're in the dolphin family. We just call them whales because they're so large. So now think about that. And also interesting that killer whales can kill great white sharks, can even remove their liver, which is with like an incision. I don't even know how the heck that happens. And I've never once in the wild, never once attacked a human being, mistaken a human being for a seal. gives you a sense of the difference in intelligence between sharks, which to Clay's point will sometimes mistake us for seals. At least that's what we believe. The great white shark attacks are often the result of. Killer whales are like, no, that's Clay Travis. Look at him. Clay, you been in the gym lately? You know, the killer whales are a whole other level of intelligence. But dolphins, obviously chimpanzees, and some of the great apes, they call them chimpanzees, and then actually orangutans are the very top of the animal intelligence scale. dolphins slash killer whales super high on that there are people who say that crows are freakishly smart too which you would not expect uh crows and ravens uh in the bird family but they have a particularly high intelligence for an animal that you wouldn't expect with given the size of their brain okay i'm getting weird here point is joint chiefs chairman was asked about about this whole dolphins thing. Pete Hegseth was at the conference, too. Obviously, Secretary of War, cut two, play it. Can you kind of clarify these reports of kamikaze dolphins that we've heard about? I haven't heard the kamikaze dolphin thing. It's like sharks with laser beams, right? And I can't confirm or deny whether we have kamikaze dolphins, but I can confirm they don't. I can confirm that there was the Soviets at one point, I believe, were experimenting with kamikaze dolphins. I think that was a thing in the Soviet era, trying to train clay. And here is the difference to laser beams. This is from Austin Powers, play three. You know, I have one simple request, and that is to have sharks with frickin' laser beams attached to their heads. Now, evidently, my cycloptic colleague informs me that that can't be done. Can you remind me what I pay you people for? Honestly, throw me a phone here. What do we have? Seabass. Clay, Dr. Evil couldn't get sharks with laser beams. I don't think the Iranians can get dolphins with explosives attached to them. I'm pretty confident. It is probably a sign that things are not going great for Iran, that they have no air force. They have no military, really, in terms of Navy. and President Trump said today we basically wiped out all the small boat fleet that they might have as well. And now, according to the Wall Street Journal, and that was a couple of days ago, they were threatening us with dolphins that might have bombs on them. And this all comes back to, look, I mean, you and I, I think, are correct in saying that the price of oil and gas right now is the number one story domestically. Is that fair to say? I know we got a lot of primaries. We want you to go vote in Indiana and Ohio. Redistricting continues to be a story. But in terms of how people feel, I think the number one story is affordability. And the number one way that people determine to a large extent affordability is what does it cost to fill up oil and gas tanks? And so this is where my talking about the insurance idea for the United States being the insurer of choice when it comes to the Strait of Hormuz. I was just looking at a map during the commercial at the end of the hour break that we had, Buck. Most of these tankers right now are basically just parked off the coast of Dubai. There are hundreds of tankers that are just anchored off the coast of Dubai, and they are all sitting there because the risk from their perspective of going through the strait is too high right now. And do you think that if we changed the insurance carrier, they would be willing to just go? I think that there are. That's bull. I do, and I understand some people think that's crazy, but I'm trying to look at it as a rational business-based decision. The ship that is not moving is costing all of these companies a substantial dollar figure. And so if you're just parked off the coaster, so my belief is if there were a worst-case scenario removed, and this is from a business perspective, not a life perspective, although I don't want anybody to die as well, but the worst-case scenario from a business perspective, Thank you. Very good. That's very good of you, by the way. I'm glad you said that. You know, even light them up. Linda is like clay. Slow down, buddy. The worst case scenario from a business perspective is ship gets attacked. It sinks. And you had a caller who I thought did a good job breaking it down. Cargo. What's it worth? What's the ship worth? And so the insurance to me, if you knew worst case scenario, we're going to be able to be compensated for the value of that ship. Right now, my understanding, Buck, is that many insurers, as that call just said, have notified the bank and the owners of these ships and said, we are not going to pay in the event that something happens to your ship. A lot of these, and I used to work on some of these contracts, a lot of these contracts have war clauses in them and risk clauses in them. And your insurer will notify you and say, hey, this is a risk that we are not willing to take on. If you go and something bad happens, that's on you. I think if you told these owners, hey, we will protect you, they would take it. Now, the challenge is what insurer, Clay, hold on. I'm hearing you out on this, but I think it's a little crazy. What insurer is going to insure the boats if they say, okay, we're insured, they go and one of them gets blown up? No, it's the United States. That's what I'm saying. Who's going to step in then? We are publicly saying to all of these ship owners, we will insure your boat. So if your boat is sunk and attacked, then the United States, the full faith and credit of the United States, backbenches it. My argument is that if we do that, oil and gas prices will immediately overnight drop about $20. Yes, but what happens when a ship gets blown up? Where do oil and gas prices go then? What ships are going to want to go through after one of them is at the bottom of the strait? Well, I think if we guarantee $50 million in payment to all of the ships, then I think a lot of the ship owners will go. I think they'll go. Do we have any ship owners who can verify that my idea? Please, like, buy them off. Do we have any ship owners out there that will verify my idea on this? Look, there are different. Now, my concern is, if you want me to play this out, yes, a ship could get sunk. That's not ideal. So far, that hasn't happened. So far, that hasn't happened. It's not ideal. He's so blase about this. He's like, ecological disaster, oil everywhere, the whole straits are no big deal. Ships sink all the time. If Iran sinks a ship, you remember? Hey, hold on. Ships sink all the time. I mean, I lived in the Caribbean. There's ships everywhere. I mean, read a history book. Ships sink all the time. We're not talking about a pleasure yacht with three spring breakers on it. We're talking about an oil tanker. Remember when the cruise ship hit the coral off the coast of Italy? It was like a $400 million ship. Yeah, and the guy called him. He was like, get the back of your ship. What are you doing? I mean, that was probably the worst thing that's ever happened to a cruise ship. They're like, what's the worst thing that could happen? Your moron captain could hit coral and sink the whole thing. I mean, I'm not counting the Titanic. You don't want one of the Super Mario brothers to be the one in charge of your ship. That's what you don't want. It's not a good idea. That's true. But the ship risk is why I think no one is going. So I think if we took the financial risk away, that you would go. And honestly, if Iran then hits a ship, right, if they attack a ship and they create an ecological disaster, that's not good. But also, even the environmentalist would then be on the side of Trump because Trump's going to be saving all the animals. and Iran has just polluted the entire Strait of Hormuz with oil and gas. So I think we are creating a situation where Iran is clearly the terror actor if we're saying we want commerce to occur. Now, my concern is still once the ships leave, they don't go back, and that then creates a larger issue because the whole point of the Strait existing is for people to go both directions. But that is kind of the whole issue, Clay, because if we get the ships to go once, that's almost like a rescue operation. The point is they need to be willing to come back. If they're not willing to come back, the straits not open. But I think we buy ourselves a lot of time economically if those ships are able to come through. Oil and gas drops $20 overnight, and we then have a full month probably before most of those ships are completing their transit and have to make a decision, okay, where do we go get oil and gas next? And my hope would be that we can start to produce more oil and gas in many parts of the country. I was reading about Venezuela right now. Things are going really well. Every company is now flooding into Venezuela. How much more can we increase production there? How much more can we increase production in the United States? UAE has said we're going to drop out of OPEC, meaning they can produce more. That's the story there. I'm just telling you, I'm trying to solve the energy issue in America, and I think my insurance idea has some legs here. I wish we could get you on the little handheld radio that the captains of the ships always have and have you give a little pep talk to all these tankers. Be like, look, not all of you are going to make it, but the price of gas is going to go down $20 overnight if a few of you do. So have at it, boys. You know what I mean? We got a bunch of callers who want to weigh in on this, too, because I think this is a brilliant idea. Sometimes the line between genius and insanity, as many people know, is a very fine one. You're like you're like the Captain Ahab of oil tankers. Like the nothing is going to nothing is going to turn you back. All right. Here we go. 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Eriehome slash buck This discount is maximized at Valid a new roofing installation only Minimum purchase required And restrictions apply See rep for warranty or promotional details Pre pals Clay and Buck on the iHeart app Welcome back into Clay and Buck. First time on the program, we're joined by Daniel Perez. He's Speaker of the Florida House of Representatives. He's the third Cuban-American Speaker of the Florida House. We have some stuff we want to talk to Speaker Perez about right now. Thank you so much for being here, sir. Good to have you on. It's my pleasure. How are you? We're good. So let's jump into it. We've got a couple things here. First off, we have a little bit of foreign business, and then we want to talk to you about some Florida business. You are Cuban-American. You are certainly tied in here as my near neighbor in South Florida to the Cuban-American community. Right now, there's not a lot of attention. Trump mentions it sometimes in the White House that he's got plans for Cuba. What is the situation of the island, and where do you think the administration should go with this as it pertains to Cuba? Well, look, it might not be on the national spotlight consistently, but it is down here in Miami. We're a diverse community down here, but obviously, as you know, mostly Cuban-Americans are Cubans that have to leave the island, my parents included. My parents had to leave in 1969. The revolution took over in 1959, and since then, the island has been decimated by this regime that has taken away human rights, amongst many other things, from the people of Cuba. Where we stand today is Cuba's at an all-time low. There is no oil. There is no energy. There is no food. There is no health care. There is absolutely nothing on that island. You have to think about it for a second. for someone to be willing to get on a raft and swim 90 miles with nothing but a compass in the middle of the night how dire does the situation have to be and we've had we've had thousands of people risking their lives in that exact situation for almost a hundred years and so where we stand here in miami and i and i know that i speak on behalf of all cuban americans where we stand is it's time for this regime to pick up their bag and get the hell out of town uh because that is That is land that belonged to the Cuban people well before they went in there and took it away. What Trump will do with this is up in the air. And we have some of the greatest advocates having this conversation on behalf of the United States and on behalf of all Cuban Americans. And obviously that's led by Secretary Marco Rubio, who's one of our own and was the first Cuban American to be Speaker of the House in Florida. What do you think Marco Rubio is telling President Trump? Obviously, Secretary of State. I saw that he was also, in addition to all the other jobs that he has, acting as a DJ at a Miami party or wedding over the weekend. What do you think Marco Rubio is telling President Trump right now, and what does a solution look like from your perspective? By the way, I did see that video of him DJing at a wedding. The man can do it on. He can do it all. If only he could play a little bit of quarterback, the Dolphins could use him. Yeah, no kidding. But look, I think the solution here has been consistent, and that is pressure. You have to absolutely squeeze the neck of this monster, and you have to cut the head off the snake. It's the only way that you can succeed. And I think that's exactly what President Trump and Secretary Rubio are doing. The sanctions have to double down. The flights have to stop. The money going into the island has to stop. And the problem that you have is many Cuban Americans that are here today say, well, I still have family there. and I still want to send resources there. And what the regime has done, and this is, you know, it's disgusting, but what the regime has done is they have now replied to the United States by saying we are going to open up enterprise. We are going to open up free market in Cuba so that Cubans can open up a restaurant, a store, a supermarket, and actually have interstate commerce amongst Cubans. To be quite frank, that's crap. That's not true. because the way that the Cuban government works is in order for you to go ahead and open up, let's say, a restaurant, a certain percentage has to be paid into the government's pocket of profit before you can even actually open those doors or run those doors. So there is no free market. There is no capitalism. There is no competition. It is all owned by one umbrella patriarch entity that's owned by the Cuban government. And from there, these smaller enterprises are able to, quote unquote, open up their own businesses. but that's bullcrap. None of them are actually able to have their own business, but it's a facade that the regime has put in place in order to appease the Americans. The problem that they have is that the Americans, led by Secretary Rubio, know the truth. And so what I expect Secretary Rubio and the president to do is to continue to squeeze the neck as tight as they can until the Cuban people themselves have finally realized we are done. We are done starving. We are done having to listen to this regime that has taken away our own freedom. It is time to act. And hopefully that happens sooner rather than later. We're speaking to Daniel Perez, Speaker of the Florida House. Something related to all this, of course. We also have, down here in South Florida, a very large Venezuelan-American population. Now, the situation in Venezuela, Mr. Speaker, seems like it is trending in the right direction. Delce Rodriguez is in charge after the capture of Maduro. Sounds like she's at least playing ball with America in a way that is encouraging. What do you see, and what's that looking like for the Venezuelan-American community? Well, first and foremost, I think the president deserves a lot of credit for making the tough decision, which was the right decision, and that was taken on Nicolás Maduro. That was the right decision that I don't think any other president would have had the courage to do. And so I think that has to be mentioned first and foremost. As far as the current state of Venezuela, Venezuela today is in a way, way more prosperous situation than they were a year ago. I don't think anyone can debate that. The Venezuelans can't debate that. I mean, they are in a phenomenal place. Their economy is booming like never before. And all of that credit goes to Secretary of State and President Trump. Here's my concern with Venezuela. My concern with Venezuela was a comment that was made by Delcy in the last, I'd say, seven or eight days when she was asked on when is the next election to duly elect, based on a democratic provision, the next president of Venezuela. And her response was, I don't know when that's going to happen. And that's concerning because without fair and accurate and open elections, then eventually they'll just go back to what they know best, which is that socialist ideology that got them in this place to begin with. That started with Hugo Chavez and eventually was ran by Nicolás Maduro and potentially by Delphi, unless we have free and fair elections, to eventually put a new leader in Venezuela that can have a true democracy and bring capitalism back to this country. I have no doubt that Secretary Rubio and President Trump aren't going to allow her to get away with that, and elections will have to take place. But what I didn't like is it was the first time that I saw her not in line with what the American vision is. We care about our elections. We treat our right to vote, our civil right to vote, as such a sacred opportunity. And in the rest of the world, they don't see it the same way. Our hope is that Venezuelans and really Delcy sees it the same way. And I have no doubt that the president and the secretary are going to get her there. But that first response was something that wasn't music to my ears. Tell us about the new map. I know that the Florida House and the Florida Senate have put in place a new map that certainly is going to potentially lead to more Republican seats. What should we know about that map and what do you anticipate the result of the map will be? Well, so this is a map that was passed by the House and eventually passed by the Senate and recently signed by the governor. It was a map that was drawn by the governor. I don't want to speak on behalf of the governor's office, but they were the ones that drew it. But I don't think this was a map drawn on trying to give certain seats to certain parties or certain parts of the state. I just think that, you know, we believe based on the recent court rulings that we have an opportunity to have a conversation on redistricting, on a mid-decade redistricting. And so that's exactly what we did. You know, where that ends up, I guess only the voters will be able to tell us on how many seats may go one way or another. and we won't know that until november but you know i i think that we did our job i think the last redistricting uh cycle was under a census that that may have potentially been flawed and uh and florida has had an influx of people moving here really because of the way that we've been running our government for decades i think it was very easy for elected officials today to take credit for the the prosperous economy that florida has but you know we have to take this back for decades you have to talk about a governor bush you have to talk about a governor scott those were the ones that kind of started putting the wheels in motion. When you talk about Rick Scott and the amount of jobs that he brought into the state, that was unprecedented. We haven't seen it since. As a matter of fact, right now, our unemployment rate is going up in the state of Florida. That never happened under Rick Scott. And so, you know, I think that sometimes people want to focus on the now, but I always have to give credit to how we got here. And so now we're in this place to where a lot of people are moving to Florida. They want to live here. Obviously, our tax structure is one of the best in the country. We have a great economy. And so people want to be here. So I think Us having the conversation on redistricting was the right one, and I applaud the governor for drawing the map, and I'm sure there will be plenty of lawsuits down the pipeline, and we'll see where this ends up. You're ahead of the Florida House, but Buck and I saw you most recently at the Indiana-Miami game where Indiana won the national title. You mentioned the Dolphins. Who are you more optimistic about, the Miami Hurricanes or the Miami Dolphins? I have a problem with this question because I'm a Miami kid, that went to Florida State. And so I'm rooting for the Seminoles every day of the week, no matter what. All right, well, let me start you with that. This is even a better question. This is a better question. Who is going to win a title first, Florida State or Miami? Will Florida State be in the playoffs or Miami, the Dolphins, be in the playoffs? I'm not even going to ask about Super Bowl. Poor Miami Dolphin fans. You guys are still pining for Dan Marino. But who will make the playoffs first, the Dolphins or the Seminoles? I'm going with the Seminoles, but damn, they both stink right now. We have no hope. Neither team has hope. I think the Dolphins are going to have a rough season, but we're hoping for the best. Steve Ross does a great job of owning the team, and he's put some money into the team, and hopefully he can turn it around with the new management there. But I'm a Seminole at heart, and I'm a believer in Mike Norvell. I love football across the board, but there's absolutely nothing like watching college football on a Saturday morning. But it's better when the Seminoles are winning, in my opinion. I think you and Clay just became best friends. Daniel Perez, Speaker of the Florida House of Representatives. Hey, man, come back because we want to talk to you about more Florida business and also as the Cuba situation unfolds. But thanks for being here. Take care, guys. Look, if you're a business owner right now, how easy are these questions to answer? How many different brokers do you have for insurance policies? How many overlaps? Super sure. We'll make sure that you get exactly what you need and that you're not trying to deal with too many different insurance agencies out there, all trying to tell you something different. In fact, SuperShore will have a fine print fax tool that will actually tell you what does your insurance policy cover because so much legal jargon is confusing. You got so many different people when you run a small business in your ear that you're hoping to grow into a medium-sized business. Telling you, do you have this? Do you have that? All of it sometimes conflicting. What do you actually need? This is what SuperShore is doing. They are making things so much more simple than they otherwise would be. Look, I've run small businesses. I've got small businesses now. And I know exactly how confusing and complicated this can all be. Just check it out for yourself. Go to Supersure.com slash Clay and get hooked up and find out what you actually need. One powerful platform, all of your policies, one place, everything taken care of. Supersure.com slash Clay paid for by Supersure Insurance Agency, LLC, a licensed insurance agency. Keeping it real, keeping it right. Clay and Buck, find them on the iHeart app or wherever you get your podcasts.