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Trump Brain Trust Figured Iran Wouldn’t Block the Strait of Hormuz. Oh Well … Prime Badge
03.13.26 | 11:50 am

I’ve written a few posts now about a simple fact that is so apparent in news coverage that it is almost hiding in plain sight: the entire discussion of President Trump’s war with Iran right now is not how close he may be to achieving whatever his war aims might be. It’s the impact of the conflict on global energy prices and how this may impact the cost of gas in the U.S. and thus Trump’s electoral fortunes in November. We now have two closely reported articles which make clear that this wasn’t even a contingency that the White House planned for.

This passage is from a new CNN article which comes after a similar one in the Times ….

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Trump Bails Out Russia to Save His Own Hide
INSIDE: JD Vance ... John Brennan ... Nathan Cavanaugh
03.13.26 | 10:47 am
Do Global Oil Markets Have Trump Derangement Syndrome? Prime Badge
03.12.26 | 3:44 pm

Donald Trump may have started his war with Iran with the aim of regime change. But it has quickly became a battle over control of the global oil futures market. Iran may have few, if any, conventional weapons it can use to block, retaliate against or bloody the United States. But it has the ability to menace, if not close, the Strait of Hormuz. And that means the ability to trigger a global energy and economic crisis that may force the United States or at least its president — synonymous for the moment — to relent. What’s both fascinated and confused me is the response of global oil markets to the crisis, which seems based on at least a short-term willingness to credit Trump’s public comments as having some strong relationship to reality, which of course is absurd.

Let me give you at least a few examples of this.

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Goin’ Fast
03.12.26 | 12:58 pm

We’ve already sold more than 50% of our ticket allotment for our Austin event on April 8. Remember: If you are a member, you get discounted tickets. If you missed the discount code, just shoot me an email at joe@talkingpointsmemo.com and I’ll get you the goods.

If we sell out, please add yourself to the waitlist. Sometimes people drop out, sometimes we’re able to negotiate additional space.

At any rate, get your tickets here! We hope to see you soon!

Listen To This: Noem More
03.12.26 | 12:29 pm

Kate and Josh talk the Iran war and Kristi Noem’s ouster.

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