Since the US and Iran have started exchanging fire once again…the rhetoric coming from the Lazy Boy recliner in the Oval Office (does it still exist?) is the same as always from the mouth of Donny….

Early Thursday morning Donny starts thumping his chest (but not too hard)….

The renewed attacks between the US and Iran are on track to worsen in a significant way. President Trump on Thursday said the US planned to hit Iran “VERY HARD TONIGHT,” before further raising the stakes: “At some point in the not too distant future, we will be taking Kharg Island, and other oil infrastructure points, and assume total control of their Oil and Gas Markets, much like we have with Venezuela,” he wrote on Truth Social. The threat came after the two sides exchanged strikes for the second straight day, reports the AP.

Kharg Island is major oil terminal off the nation’s coast, seen as the “country’s economic lifeline,” notes the BBC. Its seizure would not only damage Iran economically but could give the US a base from which to carry out military attacks on the mainland. However, seizing the island would likely require ground troops, reports the Wall Street Journal.

Tough talk….(watch the markets)

Then after his lunch of Big Macs and Diet Coke the tune has changed (as if right on schedule)

Hours after threatening a major escalation in the Iran war, President Trump said the bombs are back on pause—and that Iran is on board with talks, reports the Wall Street Journal. In a new Truth Social post, Trump said he called off plans to unleash a new wave of strikes and to seize the Kharg Island oil hub because peace negotiations “have been brought to the highest level of Iranian leadership and approved.”

Trump said the “final points have been, in both concept and great detail, approved by all parties involved, including the United States, Israel, Saudi Arabia, UAE, Qatar, Turkey, Pakistan, Bahrain, Kuwait, Jordan, Egypt, and others.” Iran has not yet publicly commented. Trump added that the US naval blockade of Iranian ports will stay in place until a deal is signed, with time and place to be announced “shortly,” per the BBC. The president has previously announced imminent deals that have fallen through.

This event is all too familiar   (watch the markets)  This is for those too damn lazy to check the markets….

US stocks rallied to their best day in two months, and oil prices fell Thursday, after President Trump called off his threat to bomb Iran in the evening. That raised hopes for a deal that could get the global flow of oil going again.

• The Dow rose 929.97 to 50,848.75.
• The S&P 500 jumped 127.31 points to 7,394.30.
• The Nasdaq rallied 640.16 to 25,809.66.

Apparently Donny is working from an old script….this is the same bullshit he gave about a month ago.

He should hire new writers his present ones are getting tiresome.

BTW the war has made the US the world’s number one oil importer and that means dollars for oil companies….so how long will we play this stupid game?

Any thoughts?

I Read, I Write, You Know

“lego ergo scribo”