Iran destroyed IRGC speedboats in the Strait of Hormuz Monday night — yet its top negotiator stayed in Qatar for peace talks Tuesday morning. Day 88 of the US-Iran war. Oil above $105. Trump says a deal is days away. Peace Through Strength is working — but will the deal hold?
The Strait of Hormuz is virtually closed and the West can't agree on how to respond. France and the US are pushing competing UN resolutions — one demands Iran stop, the other won't even name Tehran. Meanwhile China and Russia hold their vetoes ready. Oil is at $105 and climbing.
OPEC just suffered a massive blow as the United Arab Emirates—its third-largest producer—walked out, choosing alliance with the U.S. and Israel over cartel loyalty after weeks of Iranian missile attacks. The UAE plans to ramp production toward 5 million barrels per day, threatening Russia's war funding and global oil prices.
