Billy Pilgrim

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Billy Pilgrim

Billy Pilgrim

@BillPilgrim18

Catch the 80% move

Katılım Temmuz 2019
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Billy Pilgrim
Billy Pilgrim@BillPilgrim18·
To anyone who doesn't understand the fake deal theater, here's what's going to happen: the IRGC is going to approve the MOU that the American negotiators purposefully softpedaled, under Trump's instructions, with terms that are totally unacceptable to Trump and the US. Trump will backtrack, either adding conditions again before IRGC publication, or (if it's published) saying it is nonsense and not what they were working on (this is a lie). We will go right back to where we were. But with oil prices still suppressed. (Note: they may start creeping up; some of the big boys are getting long). Why? Because Trump and the IRGC both want to speed along the energy crisis. Sure, if Trump can blockade the IRGC while he opens the strait by destroying radar, shooting down drones, and destroying speedboats, he absolutely will prefer that option. It means he gets total leverage over the IRGC and can get whatever he wants. But ultimately, that won't be feasible. Because very few ships will want to pass through a strait were they're being attacked. A little will trickle out, that's it. So energy crisis here we come. The sooner the energy crisis, the sooner Trump gets supreme leverage over almost everyone in a myriad of ways. I'm not going to go through the litany of bully opportunities Trump will have. @BowTiedLobster has gone into depth in this field. Delving deep into Trump's mind is a real stretch for me. It's taxing to my system. Trump had a reputation as an extremely aggressive cutthroat in real estate for a reason. When he had leverage, he pushed it to the absolute maximum. His "allies" were really just people he pushed into being his vassals. (Hm, would you look at that.) His adversaries, he hurt as much as he could. Now he's in his final term as president, and he has the most powerful military in the world by a mile. He's using that leverage, and he's taking it to the limit. He's already calling on Europe and others to monitor and secure the strait. He knows he has leverage, relative to them. They're much more energy dependent. But if they don't give him his free ride, he'll just keep the stranglehold going. Eventually, he wants to control Iran like he controls Venezuela. he wants another vassal state. And he will not concede that plan. Credit again to @BowTiedLobster for first bringing this theory of action to my attention. One of the first things I read from him was the assertion that both Trump and the IRGC wanted to stall for time. This matched too well with what I was seeing from both sides. I had to try out its verity, and found it overlayed perfectly. Ask yourself, why does it seem like both sides are stalling? Why does it seem like we're stuck in a perpetual dance, each side pushing terms the other will never agree to? Because they both want this. The only difference is Trump is still testing out other, even better options (a great deal that puts him in charge, or taking over the strait while maintaining the blockade). Those just won't work. All the while, Trump and the administration are making sure the markets stay calm and prices suppressed. When this explodes it will be everyone else's fault. The IRGC, for supposedly lying in their negotiations (they didn't). Europe, the GCC, and everyone else for not helping with the strait. Etc. etc. All to gain maximum leverage. To be the greatest of the losers. So energy crisis here we come, all the faster.
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Billy Pilgrim
Billy Pilgrim@BillPilgrim18·
That's a very long-winded response. I could also just point to: -Mike Wirth: the most generous, hard deadline is early September -Art Berman: in August we're screwed -Kpler's Matt Smith: by fall -Morgan Downey: fall (These are all data points. I treat experts as data points, for decisions like these.) This is a great interview, if you haven't seen it. youtu.be/S-5jHt3TBds?is…
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Billy Pilgrim
Billy Pilgrim@BillPilgrim18·
Also, I know when complex supply chains like energy start to become inefficient, that's when things already start breaking down. Modern logistics means things need to get to where they need to get to, right on time. Even if a little bit doesn't, that creates a lot of stress. And on a system as stressed as this one, that causes "anomalies" to happen, right away. Modern logistics don't break down only when nothing can flow. They break down when there's any blockage in the system. Hence people like Tim saying "this is unprecedented territory." They don't know what's going to happen. But the very fact they don't know what's going to happen is the opposite of what you want in a supply chain. Those blockages are going to lead to more scarcity, more tightness. And my read is that happens well before Oct. That's just my gestalt on all the data points, based on intuition on complex systems and on people (the experts).
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Billy Pilgrim
Billy Pilgrim@BillPilgrim18·
Even many of the most gullible and desperate sheeple will begin to tune out Trump, once this deal is exposed as another fake one. People can only take so much internal dissonance. Everyone has a breaking point.
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Billy Pilgrim
Billy Pilgrim@BillPilgrim18·
Trump: "close to a deal." Really? I thought the deal was already set on Friday. Signing today? Close huh? Notice the incompatible redlines still presented by both sides. IRGC: -Strait will stay under our control, with tolls -money released up front US: -Strait will be freely open. No tolls -no money up front The core issues re strait have not changed, for 2.5 months. So close to a deal! Always, so so close. Yet always, so so far. The carrot and the donkey. Now Trump will blame Iran-Israel hostilities for sabotaging the "deal". His most unblinking followers will decry Israel. "Oh, Trump was so close! Why is Israel messing it up?!" It's all theater. We race towards the kind of sustained energy crisis to cause a massive, global recession. If the two sides ever do sign a "deal" (with different terms for each side, which is by definition not a deal), it will not resolve the core issue: It will not reopen the strait. Both sides are stalling. Do you see it yet?
Billy Pilgrim@BillPilgrim18

To anyone who doesn't understand the fake deal theater, here's what's going to happen: the IRGC is going to approve the MOU that the American negotiators purposefully softpedaled, under Trump's instructions, with terms that are totally unacceptable to Trump and the US. Trump will backtrack, either adding conditions again before IRGC publication, or (if it's published) saying it is nonsense and not what they were working on (this is a lie). We will go right back to where we were. But with oil prices still suppressed. (Note: they may start creeping up; some of the big boys are getting long). Why? Because Trump and the IRGC both want to speed along the energy crisis. Sure, if Trump can blockade the IRGC while he opens the strait by destroying radar, shooting down drones, and destroying speedboats, he absolutely will prefer that option. It means he gets total leverage over the IRGC and can get whatever he wants. But ultimately, that won't be feasible. Because very few ships will want to pass through a strait were they're being attacked. A little will trickle out, that's it. So energy crisis here we come. The sooner the energy crisis, the sooner Trump gets supreme leverage over almost everyone in a myriad of ways. I'm not going to go through the litany of bully opportunities Trump will have. @BowTiedLobster has gone into depth in this field. Delving deep into Trump's mind is a real stretch for me. It's taxing to my system. Trump had a reputation as an extremely aggressive cutthroat in real estate for a reason. When he had leverage, he pushed it to the absolute maximum. His "allies" were really just people he pushed into being his vassals. (Hm, would you look at that.) His adversaries, he hurt as much as he could. Now he's in his final term as president, and he has the most powerful military in the world by a mile. He's using that leverage, and he's taking it to the limit. He's already calling on Europe and others to monitor and secure the strait. He knows he has leverage, relative to them. They're much more energy dependent. But if they don't give him his free ride, he'll just keep the stranglehold going. Eventually, he wants to control Iran like he controls Venezuela. he wants another vassal state. And he will not concede that plan. Credit again to @BowTiedLobster for first bringing this theory of action to my attention. One of the first things I read from him was the assertion that both Trump and the IRGC wanted to stall for time. This matched too well with what I was seeing from both sides. I had to try out its verity, and found it overlayed perfectly. Ask yourself, why does it seem like both sides are stalling? Why does it seem like we're stuck in a perpetual dance, each side pushing terms the other will never agree to? Because they both want this. The only difference is Trump is still testing out other, even better options (a great deal that puts him in charge, or taking over the strait while maintaining the blockade). Those just won't work. All the while, Trump and the administration are making sure the markets stay calm and prices suppressed. When this explodes it will be everyone else's fault. The IRGC, for supposedly lying in their negotiations (they didn't). Europe, the GCC, and everyone else for not helping with the strait. Etc. etc. All to gain maximum leverage. To be the greatest of the losers. So energy crisis here we come, all the faster.

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unusual_whales
unusual_whales@unusual_whales·
43% Strait of Hormuz traffic returns to normal by July 15, per Polymarket:
unusual_whales tweet media
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Billy Pilgrim
Billy Pilgrim@BillPilgrim18·
These are my thoughts on that. However, I increasingly wonder if I'm wrong. There are a lot of realpolitik benefits in the long run, if you think of it very zero sum, very bleak. @BowTiedLobster is the guy to go to for that. I have a hard time going super far into this extremely bully/hard politik thinking because it's just so ugly. It messes with my system. But I am still always fascinated by international security (which I studied), so I delve in further bit by bit. Note: I've always loved books like The Leviathan, The Prince, Cold War thinking on preemptive strikes and MAD. Napoleonic era, etc--all history featuring extremely brutal logic. But I always felt a certain distance to that based on time. It's very weird to see it happening in the presidency right now. It feels like the 1700s. But.. it's not. Note: I think Marco Rubio has a similarly hardnosed approach, but in a much more sophisticated, multilaterally constructive way, caring about relationships based on honesty, and with humanitarian concerns. He probably matches much more closely with my preferred approach.
Billy Pilgrim@BillPilgrim18

100% agreed. I totally disagree with this approach on humanitarian grounds. But I think it is also ruinous in realpolitik terms, in the long run. But Trump doesn't think that much about the long run, because he doesn't even understand that people care about building relationships based on trust. He sees relationships pretty much as just a means to an end. That's why he misses this obvious fact.

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Billy Pilgrim
Billy Pilgrim@BillPilgrim18·
To anyone who doesn't understand the fake deal theater, here's what's going to happen: the IRGC is going to approve the MOU that the American negotiators purposefully softpedaled, under Trump's instructions, with terms that are totally unacceptable to Trump and the US. Trump will backtrack, either adding conditions again before IRGC publication, or (if it's published) saying it is nonsense and not what they were working on (this is a lie). We will go right back to where we were. But with oil prices still suppressed. (Note: they may start creeping up; some of the big boys are getting long). Why? Because Trump and the IRGC both want to speed along the energy crisis. Sure, if Trump can blockade the IRGC while he opens the strait by destroying radar, shooting down drones, and destroying speedboats, he absolutely will prefer that option. It means he gets total leverage over the IRGC and can get whatever he wants. But ultimately, that won't be feasible. Because very few ships will want to pass through a strait were they're being attacked. A little will trickle out, that's it. So energy crisis here we come. The sooner the energy crisis, the sooner Trump gets supreme leverage over almost everyone in a myriad of ways. I'm not going to go through the litany of bully opportunities Trump will have. @BowTiedLobster has gone into depth in this field. Delving deep into Trump's mind is a real stretch for me. It's taxing to my system. Trump had a reputation as an extremely aggressive cutthroat in real estate for a reason. When he had leverage, he pushed it to the absolute maximum. His "allies" were really just people he pushed into being his vassals. (Hm, would you look at that.) His adversaries, he hurt as much as he could. Now he's in his final term as president, and he has the most powerful military in the world by a mile. He's using that leverage, and he's taking it to the limit. He's already calling on Europe and others to monitor and secure the strait. He knows he has leverage, relative to them. They're much more energy dependent. But if they don't give him his free ride, he'll just keep the stranglehold going. Eventually, he wants to control Iran like he controls Venezuela. he wants another vassal state. And he will not concede that plan. Credit again to @BowTiedLobster for first bringing this theory of action to my attention. One of the first things I read from him was the assertion that both Trump and the IRGC wanted to stall for time. This matched too well with what I was seeing from both sides. I had to try out its verity, and found it overlayed perfectly. Ask yourself, why does it seem like both sides are stalling? Why does it seem like we're stuck in a perpetual dance, each side pushing terms the other will never agree to? Because they both want this. The only difference is Trump is still testing out other, even better options (a great deal that puts him in charge, or taking over the strait while maintaining the blockade). Those just won't work. All the while, Trump and the administration are making sure the markets stay calm and prices suppressed. When this explodes it will be everyone else's fault. The IRGC, for supposedly lying in their negotiations (they didn't). Europe, the GCC, and everyone else for not helping with the strait. Etc. etc. All to gain maximum leverage. To be the greatest of the losers. So energy crisis here we come, all the faster.
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Prez_RM⁷
Prez_RM⁷@Lramz2·
@BowTiedLobster @BillPilgrim18 If this deal falls through, people will really start sensing it. Especially as he timed it right for the spacex ipo. Prime example is me. I read your thesis in april but thought it too outlandish. Now I completely agree.
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Billy Pilgrim
Billy Pilgrim@BillPilgrim18·
My intuition was exactly the same--the oil trade was just so burnt out. I had that feeling I've had in other markets where everyone knows something's bullshit. They just have to ride the price action because they know there's no bid coming. It's just the only path to take. The other side is too exhausted. The market that was still "functioning" was equities, and they reacted strongly. It will take a little while for oil markets to resuscitate probably.
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Lobster: Influence & Intuition
Lobster: Influence & Intuition@BowTiedLobster·
@Lramz2 @BillPilgrim18 I hope it’s that. This stalling has gone on so long and it’s definitely taken something out of my friends and me. I’ll note that Billy and I both had posts on this that “did numbers” in the last 2 days suggesting the crowd is ready to consider this idea. That’s how it starts
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Billy Pilgrim
Billy Pilgrim@BillPilgrim18·
Never mind I subscribed. First substack subscription in years. And I also added Paulo's. I was never serious about my money-making before this year. In 2020 I was a gambler. I subscribed because I have to see what you write in the substack chat as this blows up haha. And of course for later posts as this develops. Looking forward to seeing your continued thoughts after this trade is behind us, and we enter the recession period.
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tfa
tfa@ny2nw·
No doubt! I thought it might help your post possibly persuade a skeptic or two. I ran out of steam myself. There’s so much evidence out there…though going through his truth social posts is so much worse than trying to find an important email in an unmanaged inbox overfilled with junk mail back in the day.
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tfa
tfa@ny2nw·
Building on the analysis from @BillPilgrim18 and @BowTiedLobster. Recent Trump Truth Social posts show several elements that align closely with the described pattern: • June 12: “The terms that Iran leaked out to the Fake News have NOTHING to do with the terms that were agreed to, in writing… bears no relation to the truth. Very dishonorable people to deal with. With them, there is no such thing as dealing in good faith.” @realDonaldTrump/posts/116737418354503074" target="_blank" rel="nofollow noopener">truthsocial.com/@realDonaldTru… • June 11: “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, which is working out brilliantly for both Venezuela and the United States of America.” x.com/trumpdailypost… • June 10: Assertion that the US “CONTROLS the Strait of Hormuz — NOT Iran,” alongside claims of over 100 million barrels moved safely under US military support. @realDonaldTrump/116727075577305840" target="_blank" rel="nofollow noopener">truthsocial.com/@realDonaldTru… Trump’s own Truth Social posts show solid examples of backtracking on reported deal terms, explicit control-oriented language around adversary oil infrastructure, and framing of energy flows and blockades as leverage tools. And this fits a longer pattern… • In December 2025, Trump posted about ordering “A TOTAL AND COMPLETE BLOCKADE OF ALL SANCTIONED OIL TANKERS going into, and out of, Venezuela” while demanding the return of “all of the Oil, Land, and other Assets that they previously stole from us.” • In January 2026 he announced that Venezuela would turn over “between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil” with the revenue “controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States.”
Billy Pilgrim@BillPilgrim18

To anyone who doesn't understand the fake deal theater, here's what's going to happen: the IRGC is going to approve the MOU that the American negotiators purposefully softpedaled, under Trump's instructions, with terms that are totally unacceptable to Trump and the US. Trump will backtrack, either adding conditions again before IRGC publication, or (if it's published) saying it is nonsense and not what they were working on (this is a lie). We will go right back to where we were. But with oil prices still suppressed. (Note: they may start creeping up; some of the big boys are getting long). Why? Because Trump and the IRGC both want to speed along the energy crisis. Sure, if Trump can blockade the IRGC while he opens the strait by destroying radar, shooting down drones, and destroying speedboats, he absolutely will prefer that option. It means he gets total leverage over the IRGC and can get whatever he wants. But ultimately, that won't be feasible. Because very few ships will want to pass through a strait were they're being attacked. A little will trickle out, that's it. So energy crisis here we come. The sooner the energy crisis, the sooner Trump gets supreme leverage over almost everyone in a myriad of ways. I'm not going to go through the litany of bully opportunities Trump will have. @BowTiedLobster has gone into depth in this field. Delving deep into Trump's mind is a real stretch for me. It's taxing to my system. Trump had a reputation as an extremely aggressive cutthroat in real estate for a reason. When he had leverage, he pushed it to the absolute maximum. His "allies" were really just people he pushed into being his vassals. (Hm, would you look at that.) His adversaries, he hurt as much as he could. Now he's in his final term as president, and he has the most powerful military in the world by a mile. He's using that leverage, and he's taking it to the limit. He's already calling on Europe and others to monitor and secure the strait. He knows he has leverage, relative to them. They're much more energy dependent. But if they don't give him his free ride, he'll just keep the stranglehold going. Eventually, he wants to control Iran like he controls Venezuela. he wants another vassal state. And he will not concede that plan. Credit again to @BowTiedLobster for first bringing this theory of action to my attention. One of the first things I read from him was the assertion that both Trump and the IRGC wanted to stall for time. This matched too well with what I was seeing from both sides. I had to try out its verity, and found it overlayed perfectly. Ask yourself, why does it seem like both sides are stalling? Why does it seem like we're stuck in a perpetual dance, each side pushing terms the other will never agree to? Because they both want this. The only difference is Trump is still testing out other, even better options (a great deal that puts him in charge, or taking over the strait while maintaining the blockade). Those just won't work. All the while, Trump and the administration are making sure the markets stay calm and prices suppressed. When this explodes it will be everyone else's fault. The IRGC, for supposedly lying in their negotiations (they didn't). Europe, the GCC, and everyone else for not helping with the strait. Etc. etc. All to gain maximum leverage. To be the greatest of the losers. So energy crisis here we come, all the faster.

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Billy Pilgrim
Billy Pilgrim@BillPilgrim18·
@BowTiedLobster @Lramz2 I have some inkling about liquidity and also just people becoming more and more irrational when they unconsciously (but not consciously) sense their heads are about to be chopped off. But I'm too tired to sort it nicely.
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Lobster: Influence & Intuition
Lobster: Influence & Intuition@BowTiedLobster·
@Lramz2 @BillPilgrim18 Might just be mag 7 announce of issuance, space x ipo supply, and a little bit of testing Warsh/concern of hikes Unfortunately can’t ever isolate any move especially on short time frames I suspect it has nothing to do with this because oil got cheaper all week
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Billy Pilgrim
Billy Pilgrim@BillPilgrim18·
@BowTiedLobster @Lramz2 Yeah, I'm reading through the substack recent posts, and I'm feeling more and more confident in the Aug BNO calls I bought on Friday. Prior, I just had Oct BNO calls. This tight market is tightening fast.
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Lobster: Influence & Intuition
Lobster: Influence & Intuition@BowTiedLobster·
@BillPilgrim18 @Lramz2 Week ending 6/5 is last week so that’s approximately 4 weeks from then if at top speed landing us around July 4. They’re not going to just slam into effective tank bottoms at full speed, at some point between now and then they’ll reduce draw size. Hormuz trip takes 7 weeks.
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Billy Pilgrim
Billy Pilgrim@BillPilgrim18·
@BowTiedLobster @Lramz2 This is great, thanks for sharing this. I was assuming tanks could be consolidated indefinitely (within the limits of different oil types, pipes, etc.), but if the bottom layer has more water/sediment etc. then the consolidations would get dirtier and dirtier.
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Billy Pilgrim
Billy Pilgrim@BillPilgrim18·
@BowTiedLobster @juliajeler Your analysis blows me away. As soon as I get done executing these trades I'll definitely be subscribing. I'm just too dialed in right now to execution and keeping a clear space.
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Kurt
Kurt@KurtDC2CA·
@GordoCDA The deal that Trump explains will never be signed by the IRGC. The deal that the IRGC explains will never be signed by Trump. Both sides are going to remotely sign their own deal knowing it's not the deal the other side is signing. Such a shitshow on Pennsylvania Ave.
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Billy Pilgrim
Billy Pilgrim@BillPilgrim18·
Just a visual representation of the "deal" to "reopen" the strait that's going to be signed "tomorrow". The carrot is the deal. The man is the US admin and IRGC, both with an interest to stall. The donkey is markets, and you.
Billy Pilgrim tweet media
Billy Pilgrim@BillPilgrim18

To anyone who doesn't understand the fake deal theater, here's what's going to happen: the IRGC is going to approve the MOU that the American negotiators purposefully softpedaled, under Trump's instructions, with terms that are totally unacceptable to Trump and the US. Trump will backtrack, either adding conditions again before IRGC publication, or (if it's published) saying it is nonsense and not what they were working on (this is a lie). We will go right back to where we were. But with oil prices still suppressed. (Note: they may start creeping up; some of the big boys are getting long). Why? Because Trump and the IRGC both want to speed along the energy crisis. Sure, if Trump can blockade the IRGC while he opens the strait by destroying radar, shooting down drones, and destroying speedboats, he absolutely will prefer that option. It means he gets total leverage over the IRGC and can get whatever he wants. But ultimately, that won't be feasible. Because very few ships will want to pass through a strait were they're being attacked. A little will trickle out, that's it. So energy crisis here we come. The sooner the energy crisis, the sooner Trump gets supreme leverage over almost everyone in a myriad of ways. I'm not going to go through the litany of bully opportunities Trump will have. @BowTiedLobster has gone into depth in this field. Delving deep into Trump's mind is a real stretch for me. It's taxing to my system. Trump had a reputation as an extremely aggressive cutthroat in real estate for a reason. When he had leverage, he pushed it to the absolute maximum. His "allies" were really just people he pushed into being his vassals. (Hm, would you look at that.) His adversaries, he hurt as much as he could. Now he's in his final term as president, and he has the most powerful military in the world by a mile. He's using that leverage, and he's taking it to the limit. He's already calling on Europe and others to monitor and secure the strait. He knows he has leverage, relative to them. They're much more energy dependent. But if they don't give him his free ride, he'll just keep the stranglehold going. Eventually, he wants to control Iran like he controls Venezuela. he wants another vassal state. And he will not concede that plan. Credit again to @BowTiedLobster for first bringing this theory of action to my attention. One of the first things I read from him was the assertion that both Trump and the IRGC wanted to stall for time. This matched too well with what I was seeing from both sides. I had to try out its verity, and found it overlayed perfectly. Ask yourself, why does it seem like both sides are stalling? Why does it seem like we're stuck in a perpetual dance, each side pushing terms the other will never agree to? Because they both want this. The only difference is Trump is still testing out other, even better options (a great deal that puts him in charge, or taking over the strait while maintaining the blockade). Those just won't work. All the while, Trump and the administration are making sure the markets stay calm and prices suppressed. When this explodes it will be everyone else's fault. The IRGC, for supposedly lying in their negotiations (they didn't). Europe, the GCC, and everyone else for not helping with the strait. Etc. etc. All to gain maximum leverage. To be the greatest of the losers. So energy crisis here we come, all the faster.

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Lobster: Influence & Intuition
Lobster: Influence & Intuition@BowTiedLobster·
@SirKrispyiii @BillPilgrim18 Yes, keep repeating to me that the things that are hurting EU and China worse are hurting America and acting like this means America is not winning the war over EU and China. I don’t even know why I spent time with these geniuses. I need to stop. x.com/BowTiedLobster…
Lobster: Influence & Intuition@BowTiedLobster

@SirKrispyiii @BillPilgrim18 Iran in this war is a tool/proxy, not a major party. The major parties are the U.S., Russia, China, and the EU. The strongest cripple is Russia and the second strongest is the U.S. You’ll notice thst this means the U.S. has a lot of leverage, contrary to your initial assertion.

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