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You’re reading Boiling Frogs, Nick Catoggio’s daily newsletter featuring sharp, introspective commentary on populism, polarization, and the gradual erosion of American conservatism.

Today is D-Day for Iran—economically, that is.

An actual D-Day involving U.S. troops landing on the Iranian coast to liberate the Strait of Hormuz would be a disaster for the president, deepening the human cost of a war most Americans have never supported.