US - Iran Peace agreement Part 3

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https://www.mumsnet.com/talk/conflict-in-the-middle-east/5535141-us-iran-peace-agreement-part-2https://www.mumsnet.com/talk/conflict-in-the-middle-east/5535141-us-iran-peace-agreement-part-2

I go out for a few hours and return to this madness. So many questions and no answers.
Is the protection money for transiting on the Iranian side too?
Did Oman agree to this?
What happens if a ship owner refuses to pay? Send them to Aligator Alcatraz until they pay up? Blast them out of the water?

There's a reason why Trump was called Mafia Don(ald). He up to his old construction tricks of stiffing everyone. In effect, he is taxing all the GCC countries and the world. It's not just oil that passes through the Strait.
I'm waiting for the response from China. That new road through Saudi will have money thrown at it now.
And once again, Trump is playing into Iran's hands.

Ha ha, I rounded down because the number was so mad, The US GDP is $31 trillion. So this new "income" is 3.6 x the US economy.

That makes his $1.5 trillion defense budget for next year look like peanuts.

And to think about what they said when Iran was charging $1 per barrel toll.

Wow
That does put it into perspective

But Iran will fight back, as is their right, and I can see things getting far worse

Trump wants to be able to say that his war has not cost taxpayers anything because the US will be rolling in it when the protection money comes in. It's a deflection from increased COL they've been already paying since the war started.

In an interview with conservative radio host Hugh Hewitt, the US president suggested the US is closely tracking Iranian targets but would not discuss operational details.

We’re going to hit them very hard tonight, and we’re going to hit them hard tomorrow.

Asked whether the US or Israeli military knew the whereabouts of Iran’s remaining military leadership and whether they could target them, Trump responded:
Yeah, I do, but we don’t want to talk about that. But we certainly are watching.

Trump also told Hewitt that the memorandum of understanding the two countries signed was a “test” and that Iran had not honoured it.
It was sort of a test, and they weren’t there. They didn’t honor the test.

He added that it “didn’t mean much”.
Memorandum of understanding when you’re dealing with sleazebags don’t mean much, and they don’t mean much when you’re dealing with honourable people, too, because it’s a memorandum of understanding. It doesn’t mean much.

Hilarious

Words fail me
I feel sick listening to this sleaze bag
How many more have to die at the hands of these mad men

.
https://x.com/araghchi/status/2076728062662557961?s=20

The escalation has escalated.
US hit several sites in Southern Iran today.
Iranian state television, citing the Iranian army, says Tehran has targeted a "hostile" US vessel with cruise missiles and launched drone attacks against US military facilities and equipment in Kuwait.
And the several 'violating' vessels have been targetted in the Strait.

Oil price jumped more than 9% in one day, so more dosh for Trump to collect and more pain for the rest of the world. He said the fees started immediately, so is the money going into the same Qatari bank account that the money from selling Venezuelan crude went? The same bank account that Trump controls.

The Houthis are considering closing the Bab El Mandeb Strait, so they are now exchanging fire with Saudi.

Brilliant. Can Tuesday top today 🤔

I think what distracted me with the shear size of those ciggie packet calculations was that although the numbers are massive, its usually a few cents, or bucks, a barrel industry. It's massive pie for sure, but it feeds a lot of mouths. So usually the people eating that pie only get a spoon or two each. And now along comes Trump, and he does not have a spoon. He arrives with a bucket excavator to scoop up his pie.

And, I hate to defend big oil here, it's such a complex industry that I can barely get my head around how it works. The oil companies will want a high price of course, but too high and it will impact sales. Too low and many wells will not be economically viable.

And on wells being economically viable, I looked up Venezuela oil, that Trump now has a massive stake in.

"The $100 per barrel threshold cited by energy analysts represents the approximate crude oil price level necessary to make large portions of Venezuela’s heaviest reserves economically viable for commercial development, meaning that at current price levels around $60 per barrel, significant portions of the declared reserve base remain stranded assets lacking commercial viability"

I have no idea of the accuracy of that, but a large amount of VZ reserves need a $100 price to be viable. And aint it a massive coincidence, that the guy who seized VZ oil just put 20% on the price of 25% of the world supply of oil.

Edit. Add source for VZ oil data.

Venezuela Oil Statistics 2026 | Key Facts - The World Data

A clear connection there Redtag

Trump claimed his attack on Venezuela was to capture Maduro and free the people —
it’s clear it was all about the oil

Trump claims his aims in Iran were to take out the leader and give freedom to the people
-it’s clear it was all about the oil

Trump doesn't do anything unless he has something to gain
Make America and mainly Trump great again by whatever means necessary including death and destruction

There’s been US AIS trolling in the strait today with the Jersey devil aparently going up and down all day

I've got red tracker marks all over the place on Maritime traffic