Trump Shuts Down White House as War Escalation Backfires
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Why did Trump shut down White House press access today?
Donald Trump has shut down the White House. He has kicked out all of the press for the day as his escalation of this catastrophic war in Iran has backfired in his face in the most predictable way. And it's in a way that's not getting nearly enough attention. The biggest way it's backfiring right now is that the strategic petroleum reserves in the United States have basically hit functional tank bottom. That actual tank bottom marker will be hit in the next five to 10 days. which means we are on the brink of global economic catastrophe while Donald Trump is out there playing war games, killing people in Iran and saying, oh, they called. They want to make a deal. I want to go through this with you with receipts to give you the analysis you need to hear that you may not be hearing anywhere else.
And I want to remind you, make sure you subscribe to the Midas Touch YouTube channel. We're on our way to seven million subscribers and we really need to hit that seven million mark soon to get out the truth, to get out the word. Just take a look right here of the satellite image of the Strait of Hormuz right now. you have very little to any inbound traffic and the only ships that are basically leaving are tied to iran iran has been able to get out 10 million barrels of oil in the past 24 hours they know what is coming since the trump regime removed the blockade with the memorandum of understanding iran had a strategy while donald trump was ranting and raving like a lunatic Iran was able to get out between 50 and 70 million barrels of its oil to the market, which will allow Iran to now survive for at least another 12 to 18 months if a blockade was put on it immediately and the blockade was actually enforced to perfection.
So Iran now has bought itself a significant period of time.
How has Trump’s escalation against Iran immediately backfired?
The United States hasn't, and this was all very, very predictable. As Donald Trump has shut down the White House, it should also be noted the escalation in the war continues. Iran launched phase two of its retaliatory strikes after the United States announced through CENTCOM that 90 targets were hit by the United States. including areas near nuclear facilities in Iran, air bases, and coastal cities. Iran struck earlier this morning in Jordan and was able to target a base there. The IRGC says it struck a U.S.-linked Command and Control Center in West Asia at the Muwak al-Saiti U.S. Air Base in Jordan with 10 ballistic missiles. According to Iran, significant damage was done to that U.S. Air Base in Jordan.
Iran also targeted U.S. military assets in Bahrain and Kuwait. You can see right here, play some B-roll for you, at least five Iranian ballistic missiles were launched from northwestern Iran towards that air base in Jordan a short time ago. So let's just take a look right here at the Strategic Petroleum Reserve in Cushing, Oklahoma, here in the United States. As Eric Natal explains, the U.S. Strategic Petroleum Reserve is now 19 million barrels away from estimated minimum operating levels. There very soon will no longer be a safety buffer to protect the world from further losses out of the Strait. Now, when the U.S. depletes those strategic reserves, it gets sold on the world crude market. And that's one of the reasons that the price of crude is going down despite the instability because massive amounts of these strategic reserve get unloaded into the global market.
It's not like that crude or that capacity rather, all of a sudden goes to just American gas stations. It's why the price at the pump for you is not going down really at all or at any significant amount. In fact, you're probably paying just about the same. Some of you are paying more, perhaps slightly less. That's called a crack price, which is the delta or the difference between the price of crude, which you may see, ah, $75 a barrel. We know that's now gone above $80 a barrel. But when the MOU was entered, that was like $69 per barrel. But the crack price is the difference between that and what the refineries charge. I won't get overly complicated, but they call it a 3-2-1 crack price because out of three barrels, two are used for gasoline and one is used for jet fuel.
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Chapters
5 chapters
1
Why did Trump shut down White House press access today?
0:00–2:10
2
How has Trump’s escalation against Iran immediately backfired?
2:10–7:43
3
What evidence shows the Strategic Petroleum Reserve is nearing ‘tank bottom’?
7:43–12:32
4
How are Iran’s oil exports and the MOU enabling states changing the market dynamic?
12:32–14:05
5
What military escalations and regional strikes have occurred in response to U.S. actions?
14:05–17:37
Speakers
2 identifiedMore from The MeidasTouch Podcast
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