- Did have a call with Imans
- Oil prices will be lower than pre-conflict
- A 2000 ships are waiting to come out of the gulf, and the oil market is set to be very well supplied.
- Pres. Trump has said there are several redlines and the Strait of Hormuz has to be free and open.
- Nothing is on the table until the Strait is reopened
- Oman told him they will not toll the strait (So Trump need not bomb them).
- Believe Warsh will do the right thing to balance inflation and growth.
- US has been patient.Will continue defensive actions vs Iran
- Everything we have been done has been defensive so far.
- Patience with Iran is not forever.
Meanwhile, another report is now saying that the memorandum of understanding between Iran and the US has not been finalized nor confirmed.
