Secretary of War Pete Hegseth and Chairman of the Joint Chiefs Dan Caine hold a press briefing from the Pentagon with updates on Operation Epic Fury.  “The First Ten Days” recapped.

General Dan Caine noted CENTCOM Commander Brad Cooper will continue delivering intermediate updates.  Caine also outlined how targeting of the Iranian missile systems continues as a priority along with the systematic destruction of the Iranian navy assets.  Both aspects of the operation continue having maximum success and impact.

General Caine also noted how the third objective of dismantling Iran’s infrastructure systems to mechanize war are intensifying.  “We are moving deeper into Iran’s industrial base,” General Caine noted.   Missile attack launches from inside Iran have dropped 90%, and one-way drone launches have dropped more than 80%.  50 Iranian vessels have been destroyed by U.S. targeting.

As Iran’s treat capacity to target vessels continues to be degraded, the Strait of Hormuz begins to open.

US West Texas Intermediate Crude Oil Futures with April 2026 Expiry, traded at $89.89 per barrel, down by 5.2%. This oil benchmark touched an intraday low of 84.45 and recorded an overall decline of 29.3% from $119.43 per barrel level that was touched on March 9th. Yesterday, US WTI plunged nearly 18%.

Brent Crude Oil Price: Brent crude has nosedived by nearly 26.2% and touched an intraday low of $88.10 per barrel. This is compared to $119.50 per barrel mark it hit on March 9. Yesterday, the price dropped nearly 9%. {SOURCE}

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Almost all of the corporate news programs today are carbon copies of the same tired talking points, driving home the reality that mainstream U.S. media are concentric circles of the same news feed.  Essentially, media reports reporting on media reports, of other organized media reports.

No one seems to be asking any of the core operational and policy questions that can cut to the heart of the matter.  ie., “you are doing XXX, what is the intent of this action/policy move, and can you describe in actionable terms what benefit the American people can expect as a result of the anticipated outcome”?   Instead, the questions are all hindsight and reactionary.  Frankly, the repetition is mind-numbing.

In this Fox interview, Secretary of Energy Chris Wright answers some of the same questions from the CBS interview, sans the arrogant and condescending tone during the questioning.  WATCH:

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Mrs Bartiromo begins her broadcast talking about the impacts to the price of oil and gas from the U.S. military conflict with Iran.  White House Press Secretary Karoline Leavitt then appears on the broadcast to answer questions about what President Trump is doing to offset the energy price increase.

Leavitt notes the Iranian military is no longer combat effective and further degradation efforts are ongoing.  Both Mrs. Leavitt and Energy Secretary Chris Wright believe the movement of ships through the strait of Hormuz is likely to restart very soon.  WATCH:

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Energy Secretary Chris Wright appears on Face the Nation to push back against the narrative engineering of CBS’s Margaret Brennan.  The video and transcript are below.

[Transcript] – MARGARET BRENNAN: We turn now to Energy Secretary Chris Wright, who joins us this morning from Denver. Good morning to you.

SECRETARY OF ENERGY CHRIS WRIGHT: Thanks for having me Margaret.

MARGARET BRENNAN: So 50,000 U.S. troops deployed, six Americans that we know of so far killed in action, civilians stranded. We look at our polling, Mr. Secretary, and we see that this is an unpopular war among the majority of Americans. More than half of them, 56% disapprove. When you speak to energy executives about the scope and duration of American involvement, what do you tell them? How long?

SEC. WRIGHT: I tell them that for 47 years, Iran is warg- waged war against the United States, and they’ve- throughout that 47 years, they’ve tried to undermine the energy development and energy infrastructure of all their neighbors, as they’re doing right now, and it’s time to put it to an end. So yes, we have a, we have a temporary period of elevated energy prices, but it will not be long. In the worst case, this is weeks, this is not months, and it leads to a much better place. It leads to an Iran that’s defanged, that can’t threaten its neighbors, can’t threaten American soldiers and can’t continue to drive up energy prices by making a mess of the Middle East. They can move to commerce, not conflict.

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President Trump gives an impromptu press conference aboard Airforce One returning to Florida following the solemn ceremony at Dover Airforce Base. Emissary Steve Witkoff and Defense Secretary Pete Hegseth also delivered some comments on questions from the media.

President Trump answered questions about rising U.S. gas prices saying, this is a confrontation that should have taken place before. For 47 years various presidents have navigated the risk and threats presented by Iran, but President Trump is choosing to end the threat once and for all.

Keeping security issues close to the chest, President Trump refused to directly answer any questions about ongoing operations, targeting or matters of military strategy.  At 7:45 of the video Steve Witkoff and Pete Hegseth also answered questions.  WATCH:

At 10:35 President Trump was asked his opinion on what Russia would say if confronted about support for Iran, and President Trump showcased how well he knows the Russian approach by saying if we confronted them, Russia would just say the U.S. supports Ukraine against Russia, right?   President Trump is correct; Russian President Putin is the master at pointing out hypocrisy in foreign intervention.

At 13:15 President Trump is asked about Kurdish support, and Trump notes the U.S. appreciates the offer but does not want the Kurdish forces to get involved because it only complicates the issues.  The Kurds are our allies, and President Trump has had conversations with Kurdish leadership; however, within that friendship Trump notes it would be dangerous for the Kurds to get involved.

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In a Truth Social post today, President Trump notes the lack of strategic support from the United Kingdom of Great Britain, and the disappointing response from Prime Minister Keir Starmer.

[SOURCE]

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President Trump, First Lady Melania Trump, Vice President Vance and other dignitaries participate in a dignified transfer ceremony at Dover AFB for the arrival of six servicemembers killed in Operation Epic Fury.   The solemn and silent ceremony is presented below:

O Keeper of the dawn and dusk, hold them beneath Your steadfast wing.

Let the dust of distant roads not dim the light within their eyes.

When the night leans heavy on their shoulders, be the quiet fire in their hearts.

When the wind carries the scent of danger, be the shield they cannot see.

Guide their steps through shadowed valleys, let courage rise like rivers in their veins.

Bring them home to open arms and gentle laughter, and for those who cannot return, wrap them in the eternal peace that no battle can disturb.

~ Amen!

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Overnight last night, Iranian President Masoud Pezeshkian issued a statement apologizing for attacks against neighboring countries and claiming that some attacks were carried out independently by regional commanders without directive due to loss of communication.

President Pezeshkian further stating the Temporary Leadership Council in Iran had ordered a halt to attacks on other countries unless their territory is used to attack Iran.

Within hours the remaining elements of the Islamic Revolutionary Guard Corps (IRGC) rebuked the statement by President Pezeshkian saying the IRGC would continue attacking any/all gulf states as needed.  This was followed by the Iranian clergy saying their president was “weak, unprofessional and totally unacceptable.”

Obviously the political, military and religious elements within Iran are not on the same page.  However, at around 6:00am this morning, President Trump reacted to the original statement by Iran President Masoud Pezeshkian:

PRESIDENT TRUMP – “Iran, which is being beat to HELL, has apologized and surrendered to its Middle East neighbors, and promised that it will not shoot at them anymore. This promise was only made because of the relentless U.S. and Israeli attack. They were looking to take over and rule the Middle East. It is the first time that Iran has ever lost, in thousands of years, to surrounding Middle Eastern Countries. They have said, “Thank you President Trump.” I have said, “You’re welcome!”

Iran is no longer the “Bully of the Middle East,” they are, instead, “THE LOSER OF THE MIDDLE EAST,” and will be for many decades until they surrender or, more likely, completely collapse! Today Iran will be hit very hard!

Under serious consideration for complete destruction and certain death, because of Iran’s bad behavior, are areas and groups of people that were not considered for targeting up until this moment in time. Thank you for your attention to this matter! ” ~ President DONALD J. TRUMP

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We like the deep weeds, most do not.  The geopolitical ramifications of the U.S. confrontation with Iran are vast and complicated; however, to encapsulate one of the most interesting dynamics consider this ‘tldr’ statement to open the discussion with your friends: Right now, Russia is like Amazon during COVID-19.

What follows is not me saying President Trump and President Putin are holding nightly conversations, discussing steps or details, or even obliquely coordinating measures as Trump eliminates the generational threat posed by Iran.

However, I am saying that given the nature of all contact and communication between Trump and Putin, including extensive contacts by their representative emissaries, both Putin and Trump are well aware of each downstream effect from the Iranian confrontation.

Two days after the U.S./Israel began Operation Epic Fury, President Vladimir Putin said Russia should consider shutting down oil and liquified natural gas (LNG) shipments to the EU in advance of the previously scheduled April deadline date when the EU would stop purchases.

♦ First, remember ‘force majeure’ contract nullification is in place for every producer, supplier and transporter in the middle east. Second, with shipments from the Gulf of Oman greatly reduced, LNG prices along with oil prices are increasing rapidly.  The result – ships filled with oil and LNG currently on the water are diverting in real time as international bidding for the content of the ships take place.

If Putin stops selling LNG to Europe, and Europe cannot get LNG from the Gulf of Oman, and China/Asia are LNG dependent (not exporting), then where is Europe going to get the LNG to replace what Russia will no longer provide?

Answer: The United States, and to a lesser extent, Norway.

[SIDENOTE: now does President Trump continuously smacking Great Britain about shutting down their North Sea oil and gas operations take on context?  Geopolitical foresight? I digress. END SIDENOTE]

The European Commission’s decision to phase out and ultimately stop purchasing Russian oil/gas was made in 2025 prior to the Iran conflict triggering.  Europe’s replacement plan included increased LNG purchases from the U.S., Norway and middle east; the latter supply option is now void.

Europe’s decision to stop buying oil/gas from Russia puts them in a very precarious position.  The supply option for Europe is suddenly very limited, and Putin’s statement about stopping the flow early was obviously made with this understanding in mind.

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The geopolitical ramifications of the oil and liquified natural gas (LNG) impact from the ongoing conflict with Iran is changing many of the world’s energy supply chains. Given the nature of the issues there are a myriad of complex dynamics to discuss. However, one key component is the U.S. policy shift to deal with the supply.

With that in mind, Treasury Secretary Scott Bessent appears with Larry Kudlow to discuss the United States’ new $20 billion maritime reinsurance plan as well as the ongoing conflict in Iran. CTH will be expanding the conversation specifically as it relates to Russian oil/gas sales. This is a good precursor interview. WATCH:

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