After blasting Iran’s proposal as a “Piece of Garbage” Trump mulls restarting Project Freedom in Hormuz.
Cue up: the next TACO trade as oil, once again jumps.
In Case You Missed it…The New York Times reported that there was no evidence of an emerging deal with Iran.
And that the real reason Trump had paused the operation was because Saudi Arabia had denied the United States access to its airspace and US bases on its territory.
Why would the Saudis do that?
Because it felt Operation Project Freedom was not well thought-out and could result in an escalation with Iran.
Well, Duuuuuhhhh!
It kinda makes you wonder what the Saudis are going to do next.
Meanwhile, Saudi Arabia condemns Iran for its latest drone attacks targeting the UAE, Qatar and Kuwait on Sunday.
This admission is the Saudis showing their cards at one of the most frightening new pieces to the puzzle.
Namely the UAE (United Arab Emirates).
Ironically (or NOT) most of the world doesn’t appreciate what is in the UAE.
And that’s because the UAE became more or less the new Switzerland after the Swiss confiscated froze over $8.38 billion in private Russian assets in April 2025.
As a result of the Swiss shooting themselves in the foot, the money started moving to Dubai and Singapore.
And that’s why the Iranians attacked there because EVERY MAJOR BANKING SYSTEM IS IN DUBAI.
Unbeknownst to most is that the banking system in Dubai went down for an entire week after the bombing started.
And that was one of the main reasons gold sold off from its January high. Because they desperately need liquidity.
It remains to be seen if Trump will actually restart his ‘Project Freedom’ because it could trigger another underlying problem that no one wants to talk about.
And that is the fact that all the cables that connect the banking system from the East to the West run through…Wait for it…The Strait of Hormuz.
Can you see the potential nightmare looming?
Most people look at the Middle East and think they are flush with cash.
But they have no idea that the Middle East is in a debt crisis.
Iran understands this.
Which is why they are attacking the refineries and infrastructure of the Gulf States.
As a result, you cut off their ability to sell oil.
That, in turn creates a bigger debt crisis.
And it makes perfect sense when you realize why Iran bombed UAE more than Israel.
So, there’s a lot more to this crisis in the Strait of Hormuz than meets the eye.
And like we have said, more than once, how Trump is in waaaaayyyyy over his head with no real exit strategy.
Be sure to read our upcoming May newsletter (HERE) to learn how to navigate the investment mine fields (pun intended) surrounding the Middle East…in addition to what companies will profit the most from this madness.
Share this with a friend…especially if they are clueless (they are) about the Saudi debt crisis. They’ll thank YOU later.
And tell them:
We’re Not Just About Finance
But we use finance to give you hope.
“And you shall know the truth, and the truth shall make you free.”
