Cabot Phillips

However, the Iranians, for their part, have yet to confirm that they will actually attend.

There was even an Axios report that they believed the U.S.

was preparing a surprise attack.

So we'll have to see if they actually do show up.

Now, for his part, President Trump is keeping the pressure and the threats on.

Writing on social this weekend, he said, quote, We're offering a very fair and reasonable deal, and I hope they take it, because if they don't, the U.S.

is going to knock out every single power plant at every single bridge in Iran.

In the meantime, he says the U.S.

naval blockade will remain in effect until a permanent peace deal is reached.

Yeah, really a crazy story.

So more details are still coming to light.

But on Friday, authorities arrested an Iranian woman at LAX for allegedly, quote, trafficking arms on behalf of the government of Iran.

The charges say that Shamim Mafi, a 44-year-old woman, allegedly attempted to facilitate the sale of Iranian-made drones, bombs, and ammunition to Sudan.

If convicted, she faces 20 years in federal prison.

We have a blockade going into effect.

That'll be 10 o'clock.

Iran will not be able to sell oil.

It'll be very effective.

The Bureau of Labor Statistics notes that the index for energy rose nearly 11% in March, led by a 21% increase in the index for gasoline.

Economists had been bracing for the inevitable bad news because of the Iran conflict, so it certainly wasn't unexpected and actually less dire than some had feared.