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Importers, Exporters and Producers Trigger Force Majeure Notifications for Gulf LNG Shipments

Force Majeure is a common clause in contracts which essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, epidemic, or sudden legal change prevents one or both parties from fulfilling their obligations under the contract.

People would be well advised to wait a few days when announcements are made before jumping to immediate conclusions. The announcement by Qatar Energy of a force majeure notification did not originate from Qatar’s inability to produce contractual LNG supplies…..

[SOURCE]

…. two days prior to this announcement, India’s top gas importer Petronet LNG Ltd issued a force majeure notice to Qatar Energy and local buyers because its LNG tanker ships were unable to reach the Ras Laffan load port due to the crisis in the Middle East.  Without ships arriving to take the LNG Qatar Energy cannot keep producing.

Qatar Energy operates 14 liquefied natural gas (LNG) trains with a total annual production capacity of 77 million tonnes {SOURCE}.  If ships don’t reach the terminals, there’s no need for Qatar Energy to keep pumping and liquifying from well heads.  It’s a downstream issue.

Bahrain made the same announcement for their refined aluminum exports {SOURCE}. Indonesian company Chandra Asri made the same announcement for petrochemicals {SOURCE}. Chevron made the same announcement two days ago after Israel shut down the Leviathan natural gas field {SOURCE}.  Thus, we see the ramifications for the entire region around the Iran conflict zone and the downstream destinations (Asia and Europe) for energy products therein.

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Defense Secretary Hegseth and Joint Chief’s Chairman Dan Caine Hold a Press Briefing

Secretary Pete Hegseth and Joint Chief’s Chairman Dan “Razin” Caine hold a press briefing to outline the latest developments in Operation Epic Fury.

As day #4 unfolds, Secretary Hegseth notes the U.S. and Israeli Airforce are now in complete command of the skies above Iran.  The capacity of Iran to launch missiles and drones is shrinking rapidly.  Additionally, the Iranian navy continues to be targeted and destroyed.

General Dan Caine outlines the specifics of the targets and forces deployed. WATCH: 

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Treasury Secretary Scott Bessent Outlines U.S. Financial/Economic Stabilization Plan, Backstopping U.S. Action toward Iran

Treasury Secretary Scott Bessent appears on CNBC to discuss the Trump administration policies that were proactively deployed during Operation Epic Fury.

The goal of global financial stabilization is actually part of the strategic planning within the White House, including Treasury, Energy and Interior in alignment with the State Dept., Pentagon and national security agencies.  Part of that plan was the announcement for the U.S. to underwrite maritime insurance to ensure a minimal disruption to the global energy markets.

Secretary Bessent discusses the insurance facet at the 3:00 minute mark of the video below. WATCH:

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Secretary of State Marco Rubio Updates Media

Secretary of State Marco Rubio updates the media on current activity surrounding Operation Epic Fury.

Secretary Rubio begins with an update on what Americans in the region need to know. Rubio asks all Americans to record their status with the U.S. State Department. [State Dept. Website] To get the latest updates visit http://travel.state.gov/destination and enroll to receive alerts directly at http://step.state.gov. Americans who need consular help can reach us 24/7 by phone: +1-202-501-4444 (from abroad) and +1-888-407-4747 (from the U.S. and Canada).

Rubio then outlines the latest report on a drone hitting near a U.S. embassy in Dubai.  A drone struck a parking lot adjacent to a chancellery building and a fire broke out.  No Americans were hurt or injured. The consulate was already on minimal staffing.

Secretary Rubio then provides an update on the general disposition of the conflict effort.  Rubio notes the two most powerful air forces in the world are about to go even more severe in our combat activity deep inside Iran.

The traditional frame of reference for pundits surrounds “the escalation trap.”  Most of them are so stuck in their old Washington DC view of nation building they just cannot see another approach.

How do you avoid the trap? You don’t play the game.

You don’t try to control the outcome on the ground.  You change behavior, without being on the ground.

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U.S. State Dept Recaps Regional Travel Advisory

The U.S. State Department has provided an updated recap for those who are travelling and those who are currently abroad and transiting through the region of conflict. [State Dept. Website]

Following the launch of U.S. combat operations in Iran, Americans worldwide and especially in the Middle East should follow the guidance in the latest security alerts issued by the nearest U.S. embassy or consulate.  They may experience travel disruptions due to periodic airspace closures.  The Department of State advises Americans worldwide to exercise increased caution.”

To get the latest updates visit http://travel.state.gov/destination and enroll to receive alerts directly at http://step.state.gov. Americans who need consular help can reach us 24/7 by phone: +1-202-501-4444 (from abroad) and +1-888-407-4747 (from the U.S. and Canada).

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America Wakes Up to News of Expanded Military Operations Against Iran

Many Americans are waking up this morning to discover the United States and Israel have launched joint military operations against Iran.  The news can be unsettling, unnerving and yes, admittedly, frustrating for many.

President Trump has made the decision and called for the people of Iran to stand now against the Iranian regime that has been a thorn in the side of many regional partners for decades.  A direct and kinetic U.S. war against Iran is underway.

This decision has weighed heavily on President Trump throughout the first fourteen months of his presidency. Regardless of our personal opinions therein, the decision has been made.  Knowing the stakes at hand both here and abroad, we carry the assurance that President Trump knows what the ramifications entail.

Accepting the stakes; knowing this is an all or nothing proposition; the conflict is likely to be a long duration event for several days, even weeks.  For the leadership in Iran this is a zero-sum moment.  For those who have long tried to find an alternative to war, this is also a no retreat moment.  Either the regime in Iran is toppled, or the operation will have failed. Given all the expanded energy, this is the reality of the matter.

(AP) – A person briefed on the military plans says Saturday’s operation was planned by the U.S. and Israel for months and closely coordinated. The person says the attacks are expected to continue for several days. {SOURCE}

That said, there will be time for talking about the domestic political consequences for this action; however, this is not that time. Right now, our thoughts and prayers are with American military carrying out their mission, and with those who are in the expanded region of conflict.  We pray for their protection, safety and strength.

Within hours the Iranian regime responded with counter attacks launched against U.S. military bases and regional allies in Qatar, Kuwait, Bahrain, Saudi Arabia, Jordan and the UAE.  U.S. and allied defensive missile systems are intercepting Iranian missiles in multiple operational areas while the U.S. joint military operations against Iran continue into what is presumably multiple pre-planned stages.

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Explosive Revelations – Patrick Bet David Interviews DHS Secretary Kristi Noem

Many people were befuddled when I shared the statement that FBI Director Kash Patel really needs to get his arms around his FBI agency quickly, because operatives inside the FBI are currently working to attack other cabinet level national security and intelligence officials. One of those examples is outlined in this interview by Kristi Noem.

DHS Secretary Kristi Noem notes how officials within the government (I’m specifically citing the FBI as the origin) have worked to conduct surveillance on her team, planted spyware on her devices and monitor the activity within the Dept of Homeland Security.

Watch this interview with DHS Secretary Noem and you will get a more comprehensive understanding of what her and all the other National Security officials (DNI, NCTC, DHS, ICE, FEMA, etc.) are having to deal with. WATCH:

Patrick Bet-David sits down with DHS Secretary Kristi Noem to discuss her claim that “they spied on me,” the discovery of a secret DHS file room, the fallout surrounding El Mencho and cartel operations, and efforts to identify and remove alleged deep state actors inside the Department of Homeland Security.

TIME STAMPS:
00:00 – Show intro
04:54. – South Dakota Governor Journey
13:20 – China Threat Rising
18:09 – DHS Files & Spy Concerns

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Lawyer for Susie Wiles Categorically Denies Knowledge of Phone Call Recording by FBI

Yesterday the alarming story surfaced of Biden-era FBI officials working for Jack Smith conducting phone record surveillance on Kash Patel and Susie Wiles in 2022 and 2023 when Donald Trump was organizing his second term candidacy.

Beyond the initial element of subpoenas for Patel and Wiles phone records was an alarming assertion made inside the Reuters report stating:

[…] In 2023, the FBI recorded a phone call between Wiles and her attorney, according to two FBI officials. Wiles’ attorney was aware that the call was being recorded, and consented to it, but Susie Wiles was not.” (source)

That statement is shocking on many levels.  There is no legal mechanism for the FBI to gain wiretap authority to record a phone conversation between a lawyer and his client.  Every legal cannon that underpins the American legal system forbids such an intrusion.

Any lawyer who would consent to his client being recorded by the FBI while keeping the client unaware would be disbarred and lose their license.

No judge or legal authority would even consider approving a warrant for such a wiretap, and inside the judiciary any of the content from such a violative breech would be immediately nullified in any capacity.

Reporting by Marc Caputo of Vice News now reflects the lawyer categorically denying being aware of his conversation with Susie Wiles being intercepted or recorded.  “The lawyer representing Susie Wiles at the time of this incident categorically denies he allowed his client to be recorded by the FBI w/out her consent.  I understand she believes him & that the Biden-era FBI may have lied about it.  Here’s what the lawyer told me: “If I ever pulled a stunt like that I wouldn’t – and shouldn’t – have a license to practice law. I’m as shocked as Susie.” (source)

As the story now rests. If the FBI does indeed have a recording of a private phone call between Susie Wiles and her attorney, the recording itself could have only come from an illegal wiretap by rogue elements of the FBI working in coordination with Jack Smith.  No judge would ever approve of such a violative action.

If such a recording and wiretap does factually exist, Jack Smith and the top elements of the former DOJ (Merrick Garland and Lisa Monaco) together with FBI leadership Director Christopher Wray, now have a lot to answer to.  Again, that is if the predicate claim is factual; if a recording of such an intercept does factually exist.

This is certainly a story to watch closely and see who exactly is asking the right questions to get the right answers.

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Democrats in Intel are Big Mad That Tulsi Gabbard Will Not Share Details of Gossip About Jared Kushner

The summary of the story basically circles back to that NSA/CIA whistleblower intercept they previously were using to attack DNI Tulsi Gabbard.  Now that the whistleblower’s lawyer (same lawyer as last CIA whistleblower, Ciaramella) has leaked the subject of the conversation was Jared Kushner the democrats really want to know the details.

Two foreign nationals (unknown countries) were discussing the U.S. position toward Iran. In their conversation they talked about Jared Kushner. Their conversation was intercepted by NSA/CIA using an “exceptionally sensitive surveillance method.”  The intercept was written, evaluated and determined to be “gossip” but given to the ODNI, Gabbard.

The whistleblower was upset the intercept was not shared with the larger intelligence apparatus. Thus, they were angry at Gabbard.  The ODNI followed the distribution for the whistleblower complaint, but not the underlying intercepted details of the conversation.

The White House has now asserted “executive privilege” over the content of the intercept, thereby bolstering the position of not sharing what was previously determined to be gossip.  The DNI was asked for the details, and Gabbard has told the Democrats the White House has asserted privilege.  The House and Senate Intelligence committee democrats are now big mad they don’t get to read the gossip.

(VIA WSJ) – WASHINGTON—The Trump administration told Congress it won’t share with lawmakers the classified intelligence that led to a whistleblower complaint against U.S. spy chief Tulsi Gabbard, citing presidential claims of executive privilege.

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Cutting Through the SCOTUS Tariff Fog, USTR Jamieson Greer Discusses Baseline Tariff Reset Shifts and Reciprocity Tariffs

The Supreme Court tariff ruling has created the need for U.S. Trade Representative Jamieson Greer and U.S. Commerce Secretary Howard Lutnick to modify the baseline tariff approach with the approvals of President Trump.

The baseline tariffs are being reset to 10% with upward adjustment to 15% as planned.  The reciprocal tariffs will not require any substantive modifications as most of the Free Trade Agreements have been cemented with reciprocity tariffs as part of the negotiated deals.

USTR Greer appears on Bloomberg to clarify the current situation and provide some information as to the transitional baseline tariffs as now modified. Additionally, and importantly, Greer begins discussing the USMCA review and his acceptance that President Trump is openly questioning the value for us. Greer notes Mexico and Canada being used as import hubs to avoid tariffs is a big issue. WATCH:

Section 232 [Steel and Aluminum examples] of the Trade Expansion Act of 1962 (19 U.S.C. §1862, as amended) authorizes the President to impose trade restrictions—such as a tariff or quota—if the Secretary of Commerce determines, following an investigation, that imports of a good “threaten to impair” U.S. national security. {SOURCE}

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}

Section 122 of the Trade Act of 1974 allows the U.S. president to impose tariffs of up to 15% to address “large and serious” balance-of-payments deficits. This authority can be exercised without prior congressional approval for a limited duration of 150 days. After this period, any tariffs must be extended by Congress. {SOURCE}

*FYI, there is a lot of distracting noise in the various social media platforms about internecine MAGA battles and ego-driven points of specific interest.  CTH chooses to focus energy and attention on the substantive policy issues that will generate substantive policy outcomes for America.

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