Treasury Secretary Scott Bessent appears on NBC News to outline the purpose and intents of the lifting sanctions as it pertains to Russian and Iranian oil shipments currently in transit.  The video and transcript below:

[Transcript] – KRISTEN WELKER: And joining me now is treasury secretary Scott Bessent. Secretary Bessent, welcome back to Meet the Press.

SEC. SCOTT BESSENT: Kristen, good morning.

KRISTEN WELKER: Good morning. Good to have you back. I want to start with the latest of what we’re hearing from President Trump. Let me read you what he posted overnight. He says, “If Iran doesn’t fully open, without threat, the Strait of Hormuz within 48 hours from this exact point in time, the United States of America will hit and obliterate their various power plants, starting with the biggest one first.” Has the president changed his mind about winding down the war, as he said a day earlier, and instead plans to escalate?

SEC. SCOTT BESSENT: I think he said he could wind the war down at any time he wants. And, Kristen, this is the only language the Iranians understand.

KRISTEN WELKER: But this seems to be an escalation, a threat of escalation, and it seems to run counter to his statement that he, in fact, wants to wind down the war.

SEC. SCOTT BESSENT: Again, Kristen, the president’s been very clear from the beginning that the goals are: destroy the Iranian air force and the navy, to completely demolish their missile capabilities, demolish their ability to replenish those capabilities, make sure the Iranians cannot have a nuclear weapon and stop their ability to project power internationally. And the president will take whatever steps it takes to achieve those goals.

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President Donald Trump and Secretary of State Marco Rubio take questions from the media in front of the White House.

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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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Sometimes things are just too funny. Less than 24 hours after President Trump said Europe’s refusal to escort their own oil shipments through the Strait of Hormuz might lead him to reconsider staying in NATO, suddenly ships are en route.

Poland is sending two escort ships, Denmark says they are willing, France changes from no to maybe, and NATO General Secretary Mark Rutte says everyone is trying to figure out how to help. Huh, funny that.

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President Donald Trump is not happy with NATO allies over the issue of the Iran war and their refusal to escort oil out of the gulf region.   President Trump criticized the EU member nations for refusing to support U.S. military efforts in the Strait of Hormuz.

Trump is then asked questions about if he would reconsider the U.S. relationship with NATO, warning it’s “not good for a partnership,” and signaling possible reconsideration of U.S. ties with NATO. WATCH:

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The folks at the Lyndon LaRouche PAC are getting a ton of content to use in their anti-imperialism analysis as this conflict between President Trump, the U.K, the E.U and the NATO alliance continues.

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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:

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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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President Trump’s latest two messages via Truth Social present an interesting geopolitical approach with multiple enmeshed aspects.

First, some background context is needed.  Treasury Secretary Scott Bessent and USTR Jamieson Greer are in Paris to meet with Chinese government officials ahead of a scheduled meeting between Chairman Xi Jinping and President Trump.

The main objective of the pre-summit assembly before President Trump goes to Beijing, is to hammer out the actionable agreement details that can be signed off by Xi and Trump.  Bessent and Greer are looking to put a deal together with their Chinese counterparts so that Trump and Xi can announce mutually beneficial outcomes during their summit.

Second, President Trump has already indicated the March 31/April 1 meeting with Xi will be all business. The traditional pomp and splendor will not be present, and Trump will only be visiting Beijing – no sidelines.

Third, Secretary Rubio will be accompanying Trump on this trip to Beijing, which might seem ordinary were it not for the fact that in 2020 China sanctioned and banned Rubio from entering China for criticizing Xinjiang and Hong Kong.

Fourth, there are rumors that President Trump is going to announce a significant weapons deal with Taiwan at some point immediately following the trip.  If those rumors are true, it would be a top priority for the Chinese advance team in Paris to stop that from happening.

Regardless of what happens in the next few weeks, President Trump will be meeting with Chairman Xi with full Eagle eye confrontation toward the returning dragon stare.  There will be no panda mask on this trip whatsoever; this face to face is an apex predator showdown, while the world watches intently.

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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]

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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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