The South Pars/North Dome field is a natural-gas condensate field located in the Persian Gulf. It is by far the world’s largest natural gas field, with ownership of the field shared between Iran and Qatar. According to the International Energy Agency, the field holds an estimated 1,800 trillion cubic feet of in-site natural gas.

President Trump is not happy about Israel’s unilateral decision to strike at the Pars gas field; however, pay attention to what Trump diplomatically describes as the motive:

[TRUTH SOCIAL] – “Israel, out of anger for what has taken place in the Middle East, has violently lashed out at a major facility known as South Pars Gas Field in Iran. A relatively small section of the whole has been hit. The United States knew nothing about this particular attack, and the country of Qatar was in no way, shape, or form, involved with it, nor did it have any idea that it was going to happen.

Unfortunately, Iran did not know this, or any of the pertinent facts pertaining to the South Pars attack, and unjustifiably and unfairly attacked a portion of Qatar’s LNG Gas facility.”

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The EU has balked at the request of President Trump to support military escorts for EU oil shipments through the Strait of Hormuz destined for European Ports.  However, it is the position of German Chancellor Fredrich Merz which really highlights the arrogance of the issue.

Germany has deactivated its nuclear reactors and decided not to purchase Russian oil/gas. As a consequence, the German industrial economy is contracting; the German auto industry is collapsing; German manufacturing plants are closing – and mass layoffs have been announced.

Into this self-created dynamic, Germany has become dependent on (1) Oil and Gas from the middle east, and (2) LNG from the USA. Germany is a completely dependent nation on the issue of energy production. Yet, this is Germanys position:

[SOURCE]

Setting aside for a moment that “the middle east is not a matter for NATO,” while reminding ourselves Ukraine is also not a NATO member state – yet Germany is supporting the pro-war ‘coalition of the willing,’  President Trump previously pointed out that NATO would never come to the aid of the USA when the Greenland Arctic Security debate was going on.

The EU in general, and Germany specifically, is essentially proving President Trump’s point.  However, as a result of intentional migration, Germany has over five million Muslim residents now residing inside the country.  We should consider that this overlay is also part of their internal political consideration.

What Chancellor Merz said next is almost too European to be real, but it is:

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Responding to questions about whether Japan would send military ships to the middle east to participate in escorts through the Strait of Hormuz, Japanese Prime Minister Sanae Takaichi noted the current constitution blocks Japan from conducting overseas military operations.

Exactly as we outlined when President Trump first made the request via Truth Social {SEE HERE} Prime Minister Sanae Takaichi may want to support the request, but Japan’s post WWII constitution about military operations doesn’t permit it.

Japan’s military can be constitutionally defensive only.

While an argument might be made that escorting oil destined for eventual arrival in Japan may technically squeeze within a narrow interpretation of ‘defense’, considering the operation would take place far from Japan a highly conservative Sanae Takaichi is not going to try and thread that precarious needle.

TOKYO, March 16 (Reuters) – Japan has no plan to dispatch naval vessels to escort vessels in the Middle East, Prime Minister Sanae Takaichi said on Monday, after U.S. President Donald Trump called on allies to protect tankers traversing through the Strait of Hormuz.

“We have not made any decisions whatsoever about dispatching escort ships. We are continuing to examine what Japan can do independently and what can be done within the legal framework,” Takaichi told parliament.

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Moments ago, President Donald Trump took questions from the assembled press pool during a lunch with the Trump-Kennedy Center board members.

The full video is below the fold. However, the shorter segment of media questions and answers is highlighted in this video. President Trump was asked about countries willing to support the military escort request through the Strait of Hormuz. President Trump noted an announcement of supporting countries will be forthcoming.

President Trump also noted the biggest beneficiary of the oil from Iran is China, and he would expect those nations who are dependent on the stability of that oil flow to rise in support of the escorts. WATCH:

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The full event video is below.

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The Panicans will be greatly disappointed by the foresight and economic planning a proactive White House deployed before the confrontation with Iran began.  [Video and Transcript Below]

White House National Economic Council Director Kevin Hassett, leaves CBS’s Margaret Brennan stuttering to respond to the insight presented.  As noted in the interview, proactively the Trump administration planned to mitigate any oil disruption for the U.S, undertaking a series of moves before Operation Epic Fury began.

Iran thinks “that they’re going to harm the U.S. economy and get President Trump to back down,” Hassett says.  “There couldn’t be anything that was a stupider thing to say because the bottom line is that our economy has got all this momentum in the world and we’ve got lots and lots of oil,” he continued.

Then highlighting how the strength of the U.S. position actually ends up with leverage in trade negotiations, Hassett notes, “we have lots of trading partners that are more on the hook from imported oil from these guys.”  Which draws attention to President Trump’s statement yesterday saying, in essence, ‘come guard your oil shipments while we kill bad guys’. WATCH:

[Transcript] – MARGARET BRENNAN: We go now to President Trump’s top economic adviser, Kevin Hassett. Good morning to you.

KEVIN HASSETT, DIRECTOR NATIONAL ECONOMIC COUNCIL: Good morning.

MARGARET BRENNAN: The IDF spokesperson said this morning that Israel’s combat operations will go through the beginning of April. Is that also the U.S. timeline? And if so, how much will this conflict cost the economy if it goes on another three and a half weeks?

HASSETT: Right. Well, one of the things that we’ve been briefed on almost every day is what’s going on and what the president is being briefed on with regard to the Iran war. And as of yesterday this story was- the message was that people, the defense- Department of War believed that it would take four to six weeks to complete this mission and that we’re ahead of schedule. So we are a couple of weeks in and I think that should give you some clarity about when we expect that the president will decide that we’ve achieved his objectives. The other thing I can say is that you can also look at futures markets, which are interesting because you’ve cited over and over the spot price of gasoline, which, of course, is affected right now by the disruption of the strait, but if you look at the futures prices, they are expecting a rapid, rapid end to the situation and much, much lower prices. In fact, I don’t think I’ve seen a sort of future price path with such a steep decline in all my years watching futures.

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Kharg Island is a small coral island in Iran in the northern Persian Gulf. It is 34 miles (55 km) northwest of the port of Bushehr and vital to Iran’s oil industry.

The oil processing facilities at Kharg Island are a foundational component of Iran’s economy. Roughly 90 percent of Iran’s crude is processed at Kharg Island, and any disruption to its oil processing could cripple Iran’s economy.

President Trump announced: “Moments ago, at my direction, the United States Central Command executed one of the most powerful bombing raids in the History of the Middle East and totally obliterated every MILITARY target in Iran’s crown jewel, Kharg Island. Our Weapons are the most powerful and sophisticated that the World has ever known but, for reasons of decency, I have chosen NOT to wipe out the Oil Infrastructure on the Island. However, should Iran, or anyone else, do anything to interfere with the Free and Safe Passage of Ships through the Strait of Hormuz, I will immediately reconsider this decision.”

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U.S. Trade Representative Jamieson Greer and U.S. Treasury Secretary Scott Bessent are traveling to Paris this weekend to meet with the Chinese trade officials.  This meeting is in advance of President Trump’s visit to China for direct face-to-face discussions with Chairman Xi Jinping.

Given the recent events in Venezuela and Iran a lot of groundwork must be taking place for the Trump-Xi meeting.  Multiple Chinese interests have been impacted directly.  USTR Jamieson Greer discusses those preparatory issues as well as the recent announcement for Section 301 investigations and tariffs.  WATCH:

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While under federal indictment for improper retention, holding and releasing classified intelligence, John Bolton appears on NBC News to complain about how President Trump is conducting the war against Iran.

It is hilarious to see Bolton pontificate, with all the customary arrogant self-assurances, that President Trump did not plan for a scenario where the oil flows through the Strait of Hormuz would be disrupted, while simultaneously proclaiming President Trump is giving Russian President Vladimir Putin a gift with the lifting of oil/gas sanctions to support the global market.

His insufferable ignorance is laughable. John Bolton just cannot hear himself.  Trump didn’t plan for the oil shortage, but Trump lifted Russian oil sanctions.  Say that again slowly John, while looking in the mirror.  Trump didn’t plan for an oil shortage, but Trump planned to lift Russian oil sanctions.  Slow it down and repeat as needed, until the ah-ha moment sinks in.

Consider that President Trump did actually plan for the Strait of Hormuz to be closed; perhaps even planned for a long time for the issue {GO DEEP}.  And planned, well in advance, for an offset to deliver massive amounts of oil even with the Strait of Hormuz closed.

Give his narrow and stale globalist mind a little longer than normal to see the strategy; give him quiet time in a room with no windows to contemplate the outcomes he is witnessing; and we might even sell tickets to see the moment his ancient neocon brain explodes.

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‘Trump, you magnificent bastard, I read your book!’

President Trump and Treasury Secretary Scott Bessent are facing mounting criticism for creating a window for Russia to sell oil and gas to the global market via “narrowly tailored, short-term” sanction relief.  However, few people are putting the issue into context, and the background here is exceptionally interesting.

According to the terms announced by Secretary Bessent, the license to sell applies solely to Russian crude or petroleum products loaded onto vessels as of March 12 and is valid through midnight Washington time on April 11. [Treasury Notice Here – OFAC Technical Details Here]

[source]

The sanction relief license to sell will be done in globally recognized petrodollars and applies only to preexisting oil and petroleum products that are already in transit at sea.  However, here’s where it gets very interesting and the ramifications are significant.

Immediately following the Alaska summit between Russian President Vladimir Putin and President Trump, Russia restarted Arctic-2 LNG terminals and began increasing oil production for storage on ‘floating platforms.’  President Trump met with Putin on August 15, 2025, and the curious increase in Russian production began on August 18, 2025.

In the past six months Russia has been pumping sanctioned oil and gas and storing it on ships and mobile sea platforms, seemingly (at the time) with no customers.  Suddenly, against the background of the Iran conflict, all of that previously stored ‘on the water‘ production, now worth double, is authorized for global sale (in petrodollars).

Either Russian President Putin is the luckiest guy in the world, or Russia knew something.

In 2025 what Russia did following the Alaska summit did not make sense; now it does and the ramifications are stunning.

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When the Supreme Court made their ridiculous decision to nullify the import tariffs under the International Emergency Economic Powers Act (IEEPA) use, the high court noted several alternate approaches would not be legally problematic.  One of those approaches would be the use of Section 301 trade tariffs.

Yesterday USTR Jamieson Greer quietly announced that a Section 301 review would be taking place for the following countries: China, the European Union, Singapore, Switzerland, Norway, Indonesia, Malaysia, Cambodia, Thailand, Korea, Vietnam, Taiwan, Bangladesh, Mexico, Japan, and India.”

♦ Section 301 tariffs are a trade enforcement mechanism established under the Trade Act of 1974. They allow the U.S. government to impose tariffs on imports from countries that are found to be engaging in unfair trade practices. The Office of the United States Trade Representative (USTR) conducts investigations to determine if a country is violating trade agreements, and if so, it can impose tariffs as a corrective measure {SOURCE}

USTR PRESS RELEASE – WASHINGTON — Today, United States Trade Representative Jamieson Greer announced the initiation of investigations regarding the acts, policies, and practices of various economies under Section 301(b) of the Trade Act of 1974 relating to structural excess capacity and production in manufacturing sectors.

The investigations will determine whether those acts, policies, and practices are unreasonable or discriminatory and burden or restrict U.S. commerce. The economies subject to these investigations are: China, the European Union, Singapore, Switzerland, Norway, Indonesia, Malaysia, Cambodia, Thailand, Korea, Vietnam, Taiwan, Bangladesh, Mexico, Japan, and India.

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