🇮🇷🇺🇸🇫🇷🇮🇹 Europe is striking back at the U.S. by doing nothing.
They are refusing to help reopen the Strait of Hormuz, and now Spain, France, and Italy are even denying American planes airspace and base access for the Iran war.
What started as normal transatlantic bickering has turned into a real rift.
When your "biggest allies" start blocking you instead of helping, you know the alliance is under serious strain.
U.S. will have to continue playing on its own, and Europe as well.
🇮🇷 Iran is now demanding ships to pay fees in crypto or Yuan to pass through the Strait of Hormuz.
This is a major blow to the USD, and here's why:
As of now, over 80% of global oil trade is denominated and settled in USD.
This pushes countries to hold dollars and help the US government run large deficits.
But with Iran looking for alternate methods, the demand for the dollar will decline.
Also, the majority of Oil in Asia flows through the Strait of Hormuz, and now they're required to hold Yuan or crypto instead of dollars.
This will result in countries selling their dollars and putting upward pressure on US bond yields.
High bond yields mean the US government will have to pay more on their debt, thus making their economic situation worse.
Now this isn't going to happen overnight, but if the Strait of Hormuz situation remains uncertain, expect bond yields to spike, which will eventually force Trump to do a deal.
🇺🇸 Trump is now willing to end the war even if the Strait of Hormuz stays closed.
In just one month, traffic through the strait has collapsed by 95%, from ~140 ships per day to fewer than 5.
That’s roughly half a billion barrels of petroleum products kept off the global market.
Oil is already over $100–$114, diesel is spiking, and analysts are openly talking about $150–$200 oil if this drags on.
The crazy part? Ending the war without reopening the strait would basically make Iran’s blockade permanent, turning the world’s most important energy chokepoint into a tollbooth run by Tehran.
That’s not a win. That’s handing over control of 20% of global oil supply.
The market is still pretending this is temporary. It might not be.
BREAKING: Iran's President Pezeshkian has officially released an "open letter" to the American people.
The letter states:
1. Iran harbors "no enmity" toward other nations, including the people of America, Europe, or neighboring countries
2. Recent US actions are "aggression" targeting civilians and infrastructure, setting up for long-term global instability
3. "What Iran has done, and continues to do, is a measured response grounded in legitimate self-defense"
4. The decision to withdraw from the Iran Nuclear Deal was "made by the US government"
5. "Continuing along the path of confrontation is more costly and futile than ever before"
Pezeshkian concludes by saying, "the choice between confrontation and engagement is both real and consequential. Throughout its millennia of proud history, Iran has outlasted many aggressors."
We now await Trump's address to the US at 9 PM ET.