Bob Pittman
๐ค SpeakerAppearances Over Time
Podcast Appearances
Right.
And then this is also a return to the, quote, maximum pressure strategy, maximum pressure
The idea is just a return to normal.
Trump both doesn't want to have to continue the war, but he doesn't want to surrender and show the world that he got absolutely humiliated.
So he's trying to do a blockade, but maximum pressure already failed.
We already threw every sanction in the world at Iran.
Now this is just even more of a sanction with a naval blockade.
Also, let's just say this.
Naval blockade is an act of war, just so we're all very aware of that.
Remember when President Kennedy tried to blockade or blockaded Cuba, they had to call it a quarantine because blockade literally is an act of war.
So Congress, by the way, you're still allowed to get involved here if you want to.
All of this just means that they're flailing about.
They have really no idea what to do.
This is almost certainly going to shock the world oil markets, but beyond even the market, because at this point I think they're delusional.
The global supply of oil is radically shrinking, radically shrinking every single week that this continues.
This is still a closure.
Even in those couple of days where this quote straight was open, it was barely open at all.
A couple of ships returned to normalcy was vital as of three or four weeks ago.
We are already in demand destruction territory.
Massive damage to U.S.