Trump Panics as Iran Blocks Ship

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The MeidasTouch Podcast 13 min 4 speakers 6 chapters transcribed 2 months ago
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Why is Donald Trump panicking over Iran's actions in the Strait of Hormuz?

Ben Meiselas 0:00
Donald Trump is panicking as Iran has once again blocked a ship trying to traverse the Strait of Hormuz using the unauthorized route. Trump and J.D. Vance have been bragging, we've opened up our own route in the Strait of Hormuz that we control. The IRGC released a video saying, no you don't. And by the way, you may want to take a look at some of the satellite footage because all of the tankers right now, the VLCCs, they're mostly all using the IRGC route. And in terms of the transponders on these tankers on the other route, you ain't seeing any ships traversing over there. So Iran's IRGC grounded a foreign container ship In the Strait of Hormuz, trying to use a U.S. lane moments ago, Iran says it repeatedly warned captains, ship owners, and officials of shipping companies around the world that any entry or exit through routes other than the route of authority in the Persian Gulf
Ben Meiselas 1:03
could lead to irreparable incidents. And I'll show you right here because the IRGC just released footage of the foreign cargo ship stuck in the Strait of Hormuz after attempting to transit using a U.S. suggested route this morning, calling it an incident even worse than sinking.

What claims are being made about control of shipping routes?

Ben Meiselas 1:24
Per the Iranian broadcast network, here's what they just showed moments ago. Let's play it.
Shonabari, who wanted to break the rules of the Khormoz Trench, but did not see a happy end. Wow, wow, the boats' sails! When the sails of the ship's sails came out of the sea,
Ben Meiselas 1:47
So as the Trump regime has been panicking, they sent JD Vance to act like a tough guy in front of members of our military who were just incredibly bored and disengaged by this terrible speech. J.D. Vance was giving the speech and he was like, do you all know we dropped bombs a couple of days ago on Iran? You know why? Because Iran was shooting at commercial ships that were using our route. And now there's complete transit through the Strait of Hormuz, not using the IRGC route, using our route. We did it. Mission accomplished. That's not what's happening here. And I implore everybody to look at the crack spreads right now. I know I may sound like a broken record about this, but the crack spreads are the delta or the difference between the crude prices that you see, which are below $70 a barrel, right?
Ben Meiselas 2:50
That's the WTI and Brent crude. But look at what the refiners are charging. because our strategic reserves are hitting technical or functional tank bottom. And so the refiners see, wait a minute, we don't have the ability to provide this level of gasoline at the pump while something's going on with the market to manipulate it. So it's lower right now than it was under former President Biden. And like, 2023 and 2024 when the Strait of Hormuz was open, but the refiners see what's happening. That's why I keep on saying, let's focus on the receipts here. So when something happens, we're not like, where did that come from? I'm telling you what's happening right now. Watch what JD Van said. Let's play it.
JD Vance 3:38
I think it matters to the American people.

What incidents have occurred with foreign ships in the Strait of Hormuz?

JD Vance 3:40
We dropped some bombs a couple of days ago. You know why? Because the Iranians were shooting at commercial ships. So we dropped some bombs, we applied some leverage, and we've had free commercial transit for the last three days.
Ben Meiselas 3:52
Then J.D. Vance said, look, and here's what we're gonna be doing. If the Iranians try to rebuild the nuclear program, we've got options. If Iranians try to threaten their neighbors, we've got options. But what we must never do is drop bombs just for the sake of dropping bombs. I agree that, JD Vance, but... That's not what you did before. You dropped bombs for the sake of dropping bombs on Iran because y'all went with Netanyahu to engage in this catastrophic war in the first place. And then J.D. Vance is like, he'll ask you, Trump will ask you to go to war, yes. But when he asks you, he'll tell you exactly what you're going for. No, he didn't even tell anybody what we were going for last time. Oh, yeah, he said that it was going, we were going to go there for regime change and replace the Ayatollah and that he and Netanyahu would be viewed as conquering heroes.

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