The Latest
Iranian Oil Is Going Through the Strait Just Fine
03.16.26 | 1:48 pm

Here’s a detail about the situation in the Strait of Hormuz that I was not aware of.

I’ve noted several times over the last two weeks that throttling oil tankers transiting the strait involves complicated definitions of risk. Iran doesn’t need to close the strait in a conventional sense. Simply creating a non-trivial risk that tankers might be damaged or sunk is enough to keep most tanker traffic from going through. In other words, even if Iran is militarily on its back, just keeping aerial and naval drones at ready or on patrol might be enough to cause a global oil supply crisis. It doesn’t need to be pretty or terribly organized. But this article from March 10 in the Journal suggests it’s much more a matter of control than a general harrying of shipping. Iran has managed to increase its shipments of oil because it’s allowing ships carrying it’s crude to go through unmolested. Iran’s oil can get through but no one else’s can.

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Rube President Continues High-Velocity Collision With Reality Prime Badge
03.16.26 | 11:43 am

Donald Trump’s Iran war is playing out like a Defense Department war game in which a neophyte is schooled in the stodgy and risk-averse reasons why a couple of generations of presidents and joint chiefs of staff have resisted demands to overthrow Iran’s clerical regime by force. Well, yes, we do have a super, super powerful military, the schoolers might say, and Iran is still using rusted-out jets we sold the Shah half a century ago, but here’s the thing …. and you go from there.

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Desperate Trump Begs for Help to Escape Iran Fiasco
INSIDE: Pete Hegseth ... Brendan Carr ... Jeanine Pirro
03.16.26 | 10:37 am
Why Trump’s Approach to Affordability Is One Big Illusion
Trump’s spaghetti-at-the-wall approach to domestic economic policy reveals the president himself still doesn’t think affordability is a real concern.
03.16.26 | 8:00 am
Trump Crackdown on ‘Terrorist’ Left Notches a Victory in Texas
Jury finds eight members of a supposed 'Antifa' cell guilty of material support for terrorism
03.14.26 | 12:36 pm
State Media and Independent Media
03.13.26 | 3:37 pm

“The sooner David Ellison takes over that network, the better.”

This was Defense Secretary Pete Hegseth’s line at the end of a rant about CNN in today’s Pentagon press conference. David Ellison, of course, is the failson progeny of Oracle’s Larry Ellison, who is now in the midst of building a private sector pro-Trump state media operation which brings together Paramount, CBS, (soon) CNN, HBO and much more. CNN is already a done deal, though the takeover itself is still in process. None of this is secret. But seldom do we see it spelled out quite so clearly as Hegseth did yesterday. And it brings home what we talk about here again and again: in the Trump universe, only independent media organizations can actually be … well, independent, not be puppeteered either by Trump and his stooges or big corporate owners who want to keep on Trump’s good side.

That’s where organization’s like TPM come in. We depend solely on you. More than 90% of our funding comes from TPM readers. That means that as long as you’re satisfied with us, we’re good. It doesn’t matter what Trump thinks or the CEO or Comcast or Proctor & Gamble or Paramount or anyone else. That’s why it’s so important that if you think what we do is important that you subscribe and become a TPM member. If you’re not a member please click right here and join us.

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