In a series of posts on Truth Social, President Trump has announced that a deconfliction deal with Iran has been agreed.

It appears the blockade was successful in finally convincing Iran they had very few options.  Additionally, as we all well understand here, the blockade was halting oil shipments to China. It is very likely that Beijing was also putting pressure on Iran to reach a deal.

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“THE STRAIT OF HORMUZ IS COMPLETELY OPEN AND READY FOR BUSINESS AND FULL PASSAGE, BUT THE NAVAL BLOCKADE WILL REMAIN IN FULL FORCE AND EFFECT AS IT PERTAINS TO IRAN, ONLY, UNTIL SUCH TIME AS OUR TRANSACTION WITH IRAN IS 100% COMPLETE. THIS PROCESS SHOULD GO VERY QUICKLY IN THAT MOST OF THE POINTS ARE ALREADY NEGOTIATED. THANK YOU FOR YOUR ATTENTION TO THIS MATTER!” ~ PRESIDENT DONALD J.TRUMP

“The U.S.A. will get all Nuclear “Dust,” created by our great B2 Bombers – No money will exchange hands in any way, shape, or form. This deal is in no way subject to Lebanon, either, but the USA will, separately, work with Lebanon, and deal with the Hezboolah situation in an appropriate manner. Israel will not be bombing Lebanon any longer. They are PROHIBITED from doing so by the U.S.A. Enough is enough!!! Thank you!” ~ President DJT

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President Trump pauses to answer the screeching press pool as he departs the White House.  Against the backdrop of a tenuous agreement with Iran that may lead to another round of negotiations, and against the background of a successful naval blockade, President Trump outlines the current status with the conflict.

President Trump also spoke about his discussions with Lebanon and Israel earlier today and there is a likely White House meeting between Prime Minister Netanyahu and President Joseph Aoun being scheduled [See Truth Social]. WATCH:

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President Trump talks with Maria Bartiromo about Iran and the U.S. economy. Part II

In this section of the interview, President Trump outlines the ongoing conflict with Iran, what it means on a geopolitical level, and his new perspective on how Trump views the European/NATO allies against their refusal to engage in eliminating the Iran nuclear threat they all consistently debated and claimed to be important.

In short, President Trump no longer looks at the EU allies through the prism of an alliance. As a loyal member of the Council on Foreign Relations (CFR) Maria Bartiromo quickly, VERY QUICKLY, changes the subject.  Don’t take my word for it, WATCH: 

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President Trump appeared for an extensive interview with Maria Bartiromo on Fox Business.  The interview is essentially broken down into two interrelated contexts, the Iran conflict and the overall economic issues.  There are two segments, in this post we focus on the first segment.

Here President Trump is discussing the overall economy and there is an unusual dynamic in the background.   As the Iran conflict unsettles the oil/gas markets and the overall global energy sector, there are two facets to the USA impact.

On one hand, say the Main Street side, President Trump understands the price of gasoline is being impacted by the overall price of oil.  For Americans the increase in gasoline price is moderate compared to the rest of the world; however, each dollar spent on gasoline is a dollar the middle-class doesn’t have to spend on something else. That can have a negative impact on GDP overall, but the dollar spent stays in the U.S. economy.

On the other hand, say the Wall Street side, President Trump also understand as more global markets seek to export U.S. oil, the U.S. energy sector expands GDP through increased export value.  In my estimation, the Quarter #2 GDP is expanding at a much higher rate (due to the export of Oil/Gas) than the internal impact from higher gas prices.  I expect to see significant increases in GDP growth as a result. Those Q2 calculations will come at the end of July this year.

President Trump also hits on a good -albeit politically incorrect-point about the preceding illegal alien influx, supported by Joe Biden.  The economic migrants who entered the country illegally were not -as a whole- the type of migrant looking to be responsible for their own economic outcome. These were illegal aliens comfortable with govt handouts and govt subsidies. This is why it remains critical for the U.S. economy to capture and deport those who entered illegally during that period.

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To emphasize the importance of ‘no tax on tips’, President Trump received a Door Dash delivery and then takes questions from the assembled press pool.  The questions begin at 2:53 of the video below.  WATCH:

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As Vice President JD Vance and the U.S. negotiating team meet with interim, hopefully ‘governing’, Iranian officials in Pakistan, the U.S. Navy and military have entered the Strait of Hormuz.

First, the announcement from President Donald Trump:

“The Fake News Media has lost total credibility, not that they had any to begin with. Because of their massive Trump Derangement Syndrome (Sometimes referred to as TDS!), they love saying that Iran is “winning” when, in fact, everyone knows that they are LOSING, and LOSING BIG!

Their Navy is gone, their Air Force is gone, their Anti Aircraft apparatus is nonexistent, Radar is dead, their Missile and Drone Factories have been largely obliterated along with the Missiles and Drones themselves and, most importantly, their longtime “Leaders” are no longer with us, praise be to Allah!

The only thing they have going is the threat that a ship may “bunk” into one of their sea mines which, by the way, all 28 of their mine dropper boats are also lying at the bottom of the sea. We’re now starting the process of clearing out the Strait of Hormuz as a favor to Countries all over the World, including China, Japan, South Korea, France, Germany, and many others. Incredibly, they don’t have the Courage or Will to do this work themselves.

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A significant data-point to keep an eye on is whether there will be an extension to the suspension of sanctions against Russian energy products (oil and LNG) for the global market.

The current sanctions relief measures are scheduled to expire on April 11th, tomorrow.

April 9 (Reuters) – Russian President Vladimir Putin’s special envoy Kirill Dmitriev ​is currently in the U.S. and ‌is meeting members of U.S. President Donald Trump’s administration for discussions on a peace ​deal for Ukraine and U.S.-Russia economic ​cooperation, sources with knowledge of the visit ⁠told Reuters.

The visit comes before the ​U.S. decision on whether to extend ​sanctions relief on Russian oil, which expires on April 11 and could also be on the agenda.

The United ​States issued a 30-day waiver for countries ​to buy sanctioned Russian oil and petroleum products currently ‌stranded ⁠at sea, in what Treasury Secretary Scott Bessent described as a step to stabilize global energy markets roiled by ​Iran war.

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Vice President JD Vance was previously scheduled to appear at the Mathias Corvinus Collegium in Budapest, Hungary, when the truce deal with Iran was made public.  During his appearance, the Vice President was asked about his perspective on the negotiations.  WATCH:

Full discussion is included in the full video below.

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During an appearance at the Hudson Institute, U.S. Trade Representative Jamieson Greer is asked to summarize the administration’s approach to upcoming USMCA (CUSMA) renegotiations.

USTR Greer emphasized the focus is on outcomes in review of the USMCA, not focusing on the previous trade structure itself. The results carry more weight than reviewing what was intended.  On June 1st Greer anticipates telling congress that the U.S. intends withdrawal, pending unilateral negotiations with both Canada and Mexico to resolve conflict.

Greer describes two different protocols within any negotiation to deal with the structural differences between both Canada and Mexico.  Those differences include a completely different import/export profile with each country, different sectors of goods, difference in the wage rates within each country and a structural difference in the way each country is establishing their own, independent free trade agreements with other third-party countries.  These baselines form the reason to tell congress of the dissolution, and on July 1st inform both Canada and Mexico about it.

In the interim, the points of conflict are currently being negotiated with Mexico toward resolution.  The same negotiation is expected later between the U.S. and Canada; however, it sounds like that engagement will take place after congress is informed of the points of conflict.  WATCH (prompted):

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You would have to read dozens of energy industry reports to get the information provided here in this exceptionally well-done news segment.

Sky News economics and data editor Ed Conway presents a fantastic look at how the issue with the Strait of Hormuz has impacted the global distribution of energy, oil, LNG and Kerosene (jet fuel), with particular emphasis on the vulnerabilities of the “modern industrialized western nations.”

Conway never points the finger to the “net zero” carbon goals of Europe, the U.K and Australia. However, he shows the outcome of their dependence on production and refining by other non-participating nations. The timelines clearly show, as the Green Energy policies were pushed the vulnerability inherent within any supply shock begins to get worse. This is a very well-presented data-driven analysis that is worth watching.

The last two-minutes also shred the claims by EU and British leadership, and highlights how Europe and the U.K are now dependent on the United States to meet their energy needs. WATCH:

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