U.S. Treasury Secretary Scott Bessent outlines Operation Economic Fury and the financial pressure campaign against the Iranian regime with Larry Kudlow.
KEY POINTS:
0:00 Introduction: Operation Economic Fury
0:39 Max Pressure: The Strategy to Freeze Iran’s Economy
2:04 Tracking the Money: Seizing IRGC Assets and Crypto
3:14 The Oil Blockade: Kharg Island at a Standstill
4:10 US Economic Resilience: Why Critics Are Wrong
6:04 IRS Modernization and Signature Tax Policies
7:33 Global Reshoring and the Manufacturing Boom
8:10 Geopolitical Chess: The UAE’s Break from OPEC
10:27 Federal Reserve Friction: Jay Powell vs. Kevin Warsh
Posted in Banking and Finance, Big Government, Donald Trump, Economy, energy, Iran, Operation Epic Fury, President Trump, Saudi Arabia, Uncategorized, US Treasury, USA
I have my popcorn ready for when Powell is fired for trying to stay on. Maybe PDJT will let Warsh fire Powell.
Scott Bessent has now become the gay Ayatollah!
So fortunate to have Scott Bessent as
Treasury Secretary
GREAT CHOICE
You are talking about the energy secretary that recently as last month allowed the Iranians to sell over $10 billion worth of oil are you?
In mid-March 2026, amid rising oil prices (which spiked toward or above $100–$120/barrel) linked to tensions and disruptions in the Strait of Hormuz during the U.S.-Iran conflict period, Bessent announced a temporary, narrowly tailored sanctions waiver. This short-term authorization (initially signaled for ~30 days, running roughly until mid-April) allowed the sale and delivery of Iranian crude and petroleum products already loaded on tankers at sea (floating storage/offshore fleet).
Key details:
The sale of Iranian oil was to supply China and other countries that depend on oil. That oil was already on the water so it didn’t relieve the problem Iran has of too much oil being pumped that they can’t sell. the funds they received are already spent and their economy is tanking because they are loosing half-billion dollars a day. So the energy secretary did the right thing to keep the supply of oil available while empty oil tankers headed to the US to buy US oil.
I also suspicion
Sec. Bessent probably tracked the funds.
Scott is one of just a few in the administration that have truly impressed me. He is excellent, and I enjoy his style. Incredibly capable, great sense of humor and sarcasm when needed, and incredibly effective.
Bessent is MVP. From Minneapolis to Kharg Island, he can analyze the players and find leverage. Scott Bessent is money!
so fortunate to have scott Bessent,
Great choice of Treasure secretary,
End the Fed.
Mid-May KW is Fed Chair, then just close the doors turn the building into a museum or temp housing for military and print Silver and Gold Certificate Trump Treasury Notes redeemable in Gold, Silver, Copper, milk, cheese, gasoline, or whatever
I would like an audit as a part of ending it for the world to see.
Ditto
Most qualified and serious Secretary of the Treasury that I’ve ever seen.
I am a retired US Air Force fighter pilot and Viet Nam veteran. I read your column daily and greatly appreciate all the effort you put in to keep us abreast of the day’s events. I especially appreciate your efforts at exposing how the intel community has a stranglehold on our nation and the ways it might be brought to an end. Your past efforts to expose the coming consequences during the Biden administration of the drastic rise in oil prices creating a surge in inflation 4-6 months down the road was spot on and very accurate. What I regret is your unwillingness to warn your readers of the exact thing in spades happening this very moment as a result of the Iran war. I know you strongly support the President. I voted for him three times myself. But this war is a tragedy at multiple levels. The rise in oil prices and the spike/shortages of fertilizer to farmers around the world, including the US, will bring catastrophic results 4-6 months from now. At least make your readers aware of that, regardless of their views on the war. Thank you, Sundance.
China is smart to begin selling its Oil Reserves. Bought much lower than the current price. CCP will get cash while its economy is slowing. President Trump is no doubt correct that the oil price after the crisis will be MUCH LOWER. CCP will be able to replace the oil reserves at a fraction of the original cost, as will the USA.