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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Vice President JD Vance appeared on Fox News for a discussion of what structural differences exist between the position of Iran and the position of the U.S. and allied nations surrounding Iran’s nuclear ambitions.

JD Vance notes the key point of conflict surrounds Iran’s desire to retain the ability to construct a nuclear weapon and the refusal to give up custody of currently refined nuclear fuel.  Vance also noted the negotiators in the Iran delegation did not appear to have the ability to make a deal without going back to talk to other Iranian officials.

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Arriving at Joint Base Andrews, President Trump delivers remarks to the assembled press pool and answers questions from the media. WATCH:

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The headline is the reality of the thing.

Oil and gas sales from Iran are under international sanction and not supposed to be taking place.  However, oil and gas sales from Iran -violating the sanctions- have been taking place.

CENTCOM is announcing that the U.S. military will now ensure the oil and gas from Iran doesn’t move.

The U.S. will physically enforce the pre-existing global sanctions. A blockade begins tomorrow morning.

TAMPA, Fla. — U.S. Central Command (CENTCOM) forces will begin implementing a blockade of all maritime traffic entering and exiting Iranian ports on April 13 at 10 a.m. ET, in accordance with the President’s proclamation.

The blockade will be enforced impartially against vessels of all nations entering or departing Iranian ports and coastal areas, including all Iranian ports on the Arabian Gulf and Gulf of Oman. CENTCOM forces will not impede freedom of navigation for vessels transiting the Strait of Hormuz to and from non-Iranian ports.

Additional information will be provided to commercial mariners through a formal notice prior to the start of the blockade.

All mariners are advised to monitor Notice to Mariners broadcasts and contact U.S. naval forces on bridge-to-bridge channel 16 when operating in the Gulf of Oman and Strait of Hormuz approaches. (SOURCE)

Oil and gas from Kuwait will be allowed transit and passage.  Oil and gas from the UAE, Saudi Arabia, Bahrain and Qatar will also transit without issue.  However, oil or gas from Iran will be blocked.  China takes the biggest hit, again.

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Many people have requested that I outline some context on the Iran conflict; so, here it is.

What follows is my own researched perspective on the challenge that President Trump is facing.  I anticipate the non-interventionists will not be happy with it, and also the Israel First crowd will not like the brutal pragmatism of it. Alas, having spent a great deal of time watching things unfold, here’s my take.

Start with this question: Considering all the years the debate over Iran’s nuclear ambitions has persisted, why haven’t its strongest allies, China and Russia, ever provided Iran with a nuclear weapon?

Now, before anyone jumps into the nuclear non-proliferation perspective, let me remind you we are not going to pretend things here. You can pretend that Beijing didn’t give the DPRK nuclear weapons by pretending that North Korea isn’t a proxy province of China. Or you can stop pretending. The choice is yours!

So, what’s different?  Well, in the DPRK example, Beijing holds the control mechanism.  For Iran, giving religious fanatics a nuclear weapon would be tantamount to giving the Muslim Brotherhood the ability to start World War III.

As recently noted, Saudi Arabia’s Crown Prince Mohammed Bin Salman urged President Trump not to back down from this moment of consequence and to eliminate the Iranian threat once and for all. MbS is about as close to a Middle East pragmatist as you can find.  In response, a desperate British Prime Minister Keir Starmer rushed to Saudi Arabia hoping to change the position of MbS.  Great Britain is almost out of fuel.

That’s a good place to start looking at the regional perspectives.

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I am going to outline a contextual background for the Iranian conflict and my opinion of the current situation in detail. In short, I stand with President Trump’s position, but many of the influential aspects are being missed.

The anti-interventionist podcasters and the Israel-first advocates are both wrong. An honest and pragmatic review of the entire regional dynamic is needed.  Which includes the big picture question that no one is asking.

In the interim, here is the statement from President Trump describing the current status, against the backdrop of Vice President JD Vance’s earnest efforts to negotiate a resolution:

[VIA TRUTH SOCIAL] – “Iran promised to open the Strait of Hormuz, and they knowingly failed to do so. This caused anxiety, dislocation, and pain to many people and Countries throughout the World.

They say they put mines in the water, even though all of their Navy, and most of their “mine droppers,” have been completely blown up. They may have done so, but what ship owner would want to take the chance?

There is great dishonor and permanent harm to the reputation of Iran, and what’s left of their “Leaders,” but we are beyond all of that. As they promised, they better begin the process of getting this INTERNATIONAL WATERWAY OPEN AND FAST! Every Law in the book is being violated by them.

I have been fully debriefed by Vice President JD Vance, Special Envoy Steve Witkoff, and Jared Kushner, on the meeting that took place in Islamabad through the kind and very competent leadership of Field Marshal Asim Munir, and Prime Minister Shehbaz Sharif, of Pakistan. They are very extraordinary men, and continuously thank me for saving 30 to 50 million lives in what would have been a horrendous War with India. I always appreciate hearing that — The amount of Humanity spoken of is incomprehensible.

The meeting with Iran began early in the morning and lasted throughout the night — Close to 20 hours. I could go into great detail, and talk about much that has been gotten but, there is only one thing that matters — IRAN IS UNWILLING TO GIVE UP ITS NUCLEAR AMBITIONS!

In many ways, the points that were agreed to are better than us continuing our Military Operations to conclusion, but all of those points don’t matter compared to allowing Nuclear Power to be in the hands of such volatile, difficult, unpredictable people.

My three Representatives, as all of this time went by, became, not surprisingly, very friendly and respectful of Iran’s Representatives, Mohammad-Bagher Ghalibaf, Abbas Araghchi, and Ali Bagheri, but that doesn’t matter because they were very unyielding as to the single most important issue and, as I have always said, right from the beginning, and many years ago, IRAN WILL NEVER HAVE A NUCLEAR WEAPON!

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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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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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