Breaking Points with Krystal and Saagar - 4/21/26: US Seizes Iranian Ship, Energy Crisis Spirals, Trump Says No Ceasefire Extension

Episode Date: April 21, 2026

Krystal and Saagar discuss US seizing another Iranian ship, energy crisis spirals, Trump says no ceasefire extension.    Jeremy Scahill: https://x.com/jeremyscahill?s=20    To become a Breaking Points Premium Member and watch/listen to the show AD FREE, uncut and 1 hour early visit: www.breakingpoints.com   Merch Store: https://shop.breakingpoints.com/  See omnystudio.com/listener for privacy information.

This is an I-Heart podcast. Guaranteed Human. What's up, everyone? I'm Ago Vodam. My next guest, it's Will Ferrell. Woo, woo, woo, woo, woo. My dad gave me the best advice ever. He goes, just give it a shot.

But if you ever reach a point where you're banging your head against the wall and it doesn't feel fun anymore, it's okay to quit. If you saw it written down, it would not be an inspiration. It would not be on a calendar of, you know, the, cat, just hang in there. Yeah, it would not be. Right, it wouldn't be that. There's a lot of luck. Listen to Thanks, Dad, on the IHeartRadio app, Apple Podcasts, or wherever you get your podcast. In 2023, Bachelor star Clayton Eckerd was accused of fathering twins, but the pregnancy appeared to be a hoax. You doctored this particular test twice, Ms. Owens, correct? I doctored the test ones.

It took an army of internet detectives to uncover a disturbing pattern. Two more men who'd been through the same thing. Greg, a lesbian, Michael Mancini. My mind was blown. I'm Stephanie Young. This is Love Trapped. Laura, Scottsdale Police. As the season continues, Laura Owens finally faces consequences.

Listen to Love Trapped podcast on the Iheart radio app, Apple Podcasts, or wherever you get your podcasts. When a group of women discover they've all dated the same prolific con artist, they take matters into their own. own hands. I vowed. I will be his last target. He is not going to get away with this. He's going to get what he deserves. We always say that trust your girlfriends. Listen to the girlfriends. Trust me, babe, on the Iheart radio app, Apple Podcasts, or wherever you get your podcasts. Hey guys, Saga and Crystal here. Independent media just played a truly massive role in this election, and we are so excited about what that means for the future of this show. This is the only place where you can find honest

perspectives from the left and the right that simply does not exist anywhere else. So if that is something that's important to you, please go to breakingpoints.com, become a member today, and you'll get access to our full shows, unedited, ad-free, and all put together for you every morning in your inbox. We need your help to build the future of independent news media, and we hope to see you at breakingpoints.com. Good morning, everybody. Happy Tuesday. Have an amazing show for everybody today. What do we at Bristol? Indeed, we do. As we do. As we've been. this morning major questions about whether or not peace talks in Islamabad or are on or off. Jeremy Scala is going to join us to try to parse through the latest of what we know and what his

latest reporting is. So very fortunate to be joined by him. We're going to take a look at the economic fallout. Trump saying directly that his energy secretary is wrong about when gas prices will be coming back down. The UAE is asking the U.S. for a potential bailout. We'll get the response there, as well as other Gulf Arab state fallout that we're already seeing. Trump is having to go out and promise he is not controlled by Israel. This comes in the wake of very interesting Fox News appearance from Rokana, where he is fighting with Maria Braderoma, so we'll bring you that. We've got a round of discussions on anti-Semitism, including a college student who is being prosecuted for a joke about Netanyahu, and Palantir is out with a new

very dystopian manifesto that we are going to dig into as well. Yeah, I don't know. It's been out for a while, but took the internet by storm, so that I'll be excited to talk about that. Thank you to everyone, subscribing breaking points.com, become a premium subscriber. We're doing our AMA later today where we'll enlighten anyone. I missed yesterday, unfortunately, due to some car trouble out of state, but perhaps you will find out how I feel about marijuana during the AMA. You can pay for that privilege. Although I'm... I'll explain, sir. I will exclusively reveal how I feel about weed. We're all waiting with bated breath.

Breakpoint's.com. Otherwise, please hit subscribe to our YouTube channel. And if you're listening to this podcast, please share an episode with a friend really helps other people find the show. But let's go ahead and start with all of these crazy updates, even just this morning breaking with this Iran ceasefire negotiations. Yeah. So just to bring everybody up to speed as best I can, then negotiations have been on and off. We're getting reports from mainstream outlets, mostly with Pakistani sourcing that the Iranians are planning to attend negotiations. in Islamabad, yet we're getting a lot of tough signaling from the Iranians. This in the wake of

that ship seizure, which was a real escalatory move and a lot of triumphalist talk from Trump that seems intended to humiliate them. Now this morning, we've got a couple more things for you. Let's put this first part up on the screen here. We've got an announcement from the Department of War that U.S. forces just conducted a right-of-visit maritime interdiction and boarding of the stateless sanctioned M.T. Tiffany without incident in the Indo-PACOM area of responsibility, as we've made clear, we'll pursue global maritime enforcement efforts to disrupt elicit networks and interdict sanctioned vessels, providing material support to Iran anywhere that they operate. International waters are not a refuge for sanctioned vessels. The Department of War will continue

to deny illicit actors and their vessels of freedom of maneuver in the maritime domain. This consistent with the threat to that the U.S. would, expand the blockade basically globally to go after any ships that were planning that had any association with Iran. So again, in terms of whether or not these talks are even going to happen, this would be another bitter pill that Iran would have to swallow and really sort of a concession that they would have to make in order to go to the table because the understanding that they had Friday was, okay, we're going to say that the Strait of Hormuz is open. You are also going to room if your blockade, but Trump insisted that we're going to keep our blockade in place

indefinitely into some sort of deal is struck. We had the seizure of the ship yesterday. Today we have this news, so not a good sign. No, actually, the seizure of these ships is much more about Iran's war effort than it actually is in terms of oil. So again, there is a lot of news that's been coming out about this blockade, a lot of fake news actually from the American and the Iranian side, claiming multiple violations and people to go through.

So Lloyd's actually crunch some of the data. About 27 different ships were actually able to get through. Some of them were oil-related. Now, this is where you need to pay quite a bit of attention, is that this was, quote, without incident in the Indo-Pacom area of responsibility. So we don't know exactly where and what, but you can take a couple of different clues. So in this ship and in a previous ship that was seized,

I think it was yesterday that you guys covered, both of those were either en route from China and are suspected to have some. some sort of either military technology or assistance and or there's a specific chemical I was reading about, which is very helpful to the Iranian missile program. And so actually, what this blockade has been about now so far, in terms of the actual enforcement actions, has been on trying to quell any of the military technology or military infrastructure needed to rearm for the war, not necessarily just for oil, which I think, again, you would only really do if this wasn't about economic pressure, but you intended to restart the war. And this was kind of a message to the Iranian

war machine who is doing its best to dig itself out and to re-up, you know, for any potential reigniting of hostility. So again, it's very, very unclear. The number of ships have actually gone through and haven't gone through, but it is a major escalation to be boarding Iranian ships at sea in the middle of a blockade, also at a time where allegedly in some sort of a ceasefire. It definitely puts all of the, you know, talks at risk, but more so it just shows the mixed messages that are happening in Tehran. I also spoke to a couple of people and one of the different, I mean, this is basically an open source as well. The biggest difficulty for talks with Iran are actually very similar to ours. Who does the vice president

speak for? Does he speak for the president? Who did Jared Kushner and Steve Wickoff? Who do they really speak for? Right? Yeah. Everything with the vice president, they have trust, but it's not really negotiating with him if he's calling back to Trump eight different times. Well, Ghalabov and those guys, they don't have total authority necessarily to make a deal. So they've got to go through this Byzantine network of IRGC couriers to get to the Supreme Leader, how alive and awake is he, nobody has any idea, right? And so on the Iranian side, that's why I think you saw with the foreign minister when he's declared the straight open

and then the IRGC immediately said, close. Guys, guess what? We killed the only person in the country at any respect. I know it feels like ancient history. The Ayatollah, he was the only guy who had basic control over everyone. Now, I mean- Whose word was final.

Yeah, his word was law, right? And he actually could give an order on a phone. This guy, I mean, you've got a foreign minister who's seen as more amenable. Golobov and those people, they definitely seem to want some sort of a talk. But then these newer IRGC commanders, I think we talked about it previously in one of our shows from the financial times. They're much more hardline. And they're like, no, that's not going to happen. So internal warfare inside the system, the system was Byzantine no matter what. It really relied on the Ayatollah as a total arbiter. It's not meant for this current system. That's why the IRGC was very effective in war,

because they had immediate command and control, the ability to horizontal to ESCA makes it very difficult to have to sign some sort of a deal. So when Vance is sitting across the table, who's you really sitting across the table from? Right. It's the same question on both sides. It makes it very, very difficult.

Well, and there was all this will here, Juan Hu, with regard to J.D. Vance. At one point yesterday, Trump said that Vance was already en route to Tehran when he was literally still in D.C. So, you know, we got a report. During the show yesterday, we had to change what was being reported

because things were shifting so much. And it is significant because, you know, I don't know that this respect is really deserved, but the Iranians have no use for Whitkoff and for Kushner whatsoever. And if the negotiations were just Whitkoff and Kushner leading that delegation, like, I don't think we should even bother to really cover them. They would be going nowhere. They really insist on having J.D. Vance there because they feel that he has been more opposed to war. They don't feel like he is as much a direct asset of his.

Israel as Witkoff and Kushner are. So that's why it was significant all this question of whether he's going or not. The latest understanding is that he is leaving today to go to Islamabad for these talks. We still have no idea whether or not the Iranians are going to go. Let's go ahead and put the latest truth up on this show. This is A-Zero B, because again, this is not a great sign in terms of try and extend, calm the waters enough that Iran could feel that they could show up at these negotiations without it just be completely humiliating. Trump tweets this down or truce this out.

Iran has violated the ceasefire numerous times. Now, of course, Iran is looking at the U.S. and also looking at Israel, which continues to bombard Lebanon, albeit at a lower level than previously, and certainly feels like the ceasefire is being violated on the U.S. and Israeli side as well. And so yesterday I put a one up on the screen. First, we were getting all these reports, Wall Street Journal, New York Times, Washington Post were saying, okay, the Iranians are going. And like I said before, that information appeared to be coming from the Pakistanis.

It appeared that the Iranians were telling the Pakistanis or possibly its hopium from the Pakistanis that they were planning to attend. But then we started getting all of these very tough statements from Golibah, from Arachi, from every significant player on the Iranian side. Here, Ghalibov says, Trump by imposing a siege and violating the ceasefire, seeks to turn the negotiating table in his own imagination into a table of surrender or to justify renewed war mongering. We do not accept negotiations under the shadow of threats. In the past two weeks, we have prepared to reveal new cards on the battlefield. That new cards on the battlefield

piece, you know, that's consistent with the reporting that they've been, you know, aggressively trying to rebuild and recover from some of their losses as much as they can in this, you know, short window of the ceasefire. It does not outright say, we aren't going to the talks, but obviously signaling, you know, that they are unhappy with what the U.S. has been doing and much more hardline rhetoric than where we were on Friday when you had Arachi saying the straight is basically open and signaling that they wanted to de-escalate in order to get back to the table. So that's where things stand. And I'll say, Sager, you know, this is a truly very pivotal moment. The temporary ceasefire expires depending on your counting of this either today or tomorrow. Trump said tomorrow.

So maybe he just sort of like, you know, extended the deadline a day, just unilaterally. Let's take it in Islamabad time. Yeah. Whatever. Anyway, it's set to expire very shortly. And, you know, we've got a possibility of, okay, does everybody come back to Islamabad? And both sides have an interest in getting a deal. They do.

You know, the Iranians want sanctions relief. They want some sort of way out of this. This has been very devastating for them, even as they have been able to assert control and strategically have a lot of victories here. It still has been very devastating for that. and they need that sanctions relief in order to be able to fully recover, rebuild, and maintain their power because economically, they were on very shaky ground with their own population. So that's very important for them. Obviously, Trump needs to get out of this thing because it's an absolute disaster for him.

The, you know, gas prices are still very high. We're going to talk more in the show about this looming economic crisis, which draws closer every single day that this continues. So he has an incentive here, too. but the divide is possibly unbridgeable. So we really are kind of on a nice edge right now about whether or not these talks even continue. And if they don't continue, you know, does Trump just sort of walk away

and tell the Israelis you're on your own? We're done here. Or do we go back to the escalation trap that Robert Papers talks about? I don't know. I think on a long enough timeline, the escalation trap is inevitable. In interim Trump truly,

I mean, look, all the reporting, I can only take it. you know, somewhat at its word is they, he's very, he's over the war, he wants it to be over. He doesn't want to resume full-blown combat hostilities. You saw how it didn't go well for us, didn't go well for the allies. I think this gray space is which what we're going to be living in now for quite some time. In the same way that we lived in the gray space of the June to, whatever, the June to February 28th attack where it was, will they, won't they, talks, no talks. I mean, in some ways, while the no war benefits the United States, because oil,

prices are relatively stable, still much higher than where they were, but relatively stable. It benefits Iran, too. They have, you know, they can rearm, they can reconsolate command and control, they can relook at some of the targets, get some more satellite data, all of that. However, I do think what the Iranians are showing, and look, also for them, they can, they, in the same credible way that Trump wants to be like, see, I did everything I took it to make a deal, their population, we're not there, you and I have no idea. I'm at the end of the day, like, most people don't want to be bombed incessantly or at war. So maybe their population has to be made to feel that, like,

we really did do everything we possibly could to avoid this before we enter some sort of a total war. If I had to bet, I wouldn't bet on a total war resumption, like, immediately. But, you know, that's the risk, is this is the tale. We were already, after the straits were closed after two to three weeks, it was the worst case scenario economically that we could have ever foreseen. And that's, don't just ask me, ask the war planners and everybody else in the government who's speaking honestly. So you're right.

I mean, the risk of it is incredibly, incredibly high. I don't know where things are going to go. If I had to bet sometime this week, people will sit down. But as we've learned now, sitting down does not translate to real success, not when you're dealing with an erratic person like Donald Trump, who is on again, off again, blockade, no blockade, seizure. They still, it's very Vietnam-esque in that there's all these talks happening. But the end of the day, they believe that pressure itself is the only thing that will result

in success. And that's just not correct now so far. The other side has to save face, they get a vote, and it's very possible that very soon they may just say we're fed up with this and they restart the war on their terms. And if that's the case, then we have very little that we can do. Yeah, and of course, the Israelis, the whole way will be, and they will be bound and determined to get back into this war and do everything that they possibly can to effectuate that outcome, because for them, the war ending or even pausing at this point is just wholly unacceptable. And for Netanyahu personally in terms of, you know, all his corruption issues and his political standing, et cetera, he finds it to be utterly unacceptable. So that's obviously the, you know, continued wildcard that hangs over all of this.

So with all of that being said, let's go ahead and bring in Jeremy Scahill for his assessment of where things stand right now. Canadian women are looking for more. More to themselves, their businesses, their elected leaders, and the world are out of them. And that's why we're thrilled to introduce the Honest Talk podcast. I'm Jennifer Stewart and I'm Catherine Clark and in this podcast we interview Canada's most inspiring women entrepreneurs artists athletes politicians and newsmakers all at different stages of their journey

so if you're looking to connect then we hope you'll join us listen to the Honest Talk podcast and IHartRadio or wherever you listen to your podcasts There's two golden rules that any man should live by Rule one never mess with a country girl You play stupid games, you get stupid prize And Rule 2, never mess with her friends either.

We always say that trust your girlfriends. I'm Anna Sinfield, and in this new season of the girlfriends... Oh my God, this is the same man. A group of women discover they've all dated the same prolific con artist. I felt like I got hit by a truck. I thought, how could this happen to me? The cops didn't seem to care. So they take matters into their own hands.

I said, oh, hell no. I vowed I will be his last target. He's going to get what he deserves. Listen to the girlfriends. Trust me, babe. On the Iheart radio app, Apple Podcasts, or wherever you get your podcasts. What's up, everyone?

I'm Ego Wodom. My next guest, you know from Step Brothers Anchorman, Saturday Night Live, and the Big Money Players Network. It's Will Ferrell. Woo, woo, woo, woo. My dad gave me the best. advice ever. I went and had lunch with them one day and I was like, and dad, I think I want to really

give this a shot. I don't know what that means, but I just know the groundlings. I'm working my way up through and I know it's a place that come look for up and coming talent. He said, if it was based solely on talent, I wouldn't worry about you, which is really sweet. Yeah. He goes, but there's so much luck involved. And he's like, just give it a shot. He goes, but if you ever reach a point where you're banging your head against the wall and it doesn't feel fun anymore, it's okay to quit. If you saw it written down, it would not be an inspiration. It would not be on a calendar of, you know, the cat.

Just hang in there. Yeah, it would not be. Right, it wouldn't be that. There's a lot of luck. Listen to Thanks Dad on the IHeart Radio app, Apple Podcast, or wherever you get your podcast. Joining us now is great friend of the show and drops to site news's own Jeremy Ska-Hill. Great to see you, Jeremy. Good to see you, man.

Great to see both of you. So what is your latest sense? of whether the Iranian delegation is going to show up in Islamabad or not? Well, you know, the entire vibe right now in Tehran has been that Iran believes that it has greater leverage now than it's had at any point. They were really reluctant to engage in this two-week pause because they were concerned that the U.S. and Israel would use it to try to rearm or reposition themselves to launch another attack. And the Iranians, I'm told, were more than willing to go forward and do another round of negotiations as long as it was led

by J.D. Vance and not with Koff and Kushner. And they, to their mind, had a breakthrough last Friday when Abbas Arachi, the Iranian foreign minister, posted that the Strait of Hormuz was going to be reopened. And there was, I'm told, a sort of backdoor understanding that Arachi would post that and then Trump would say what he wanted about the good news. And that is what happened. And that is what happened initially. Trump said, thank you. In fact, he referred to it as the straight of Iran rather than the strait of Hormuz. But then, whether he got called by the Israelis or, you know, other people started influencing him or he was watching on social media, Trump then moments later says, wait a minute, no, we're keeping our blockade in force. And so what that kicked into

motion was a series of events where the Iranians said, wait a minute, we're not going to move forward with another round of negotiations as long as Trump is engaged in this erratic threat messaging and that they have this blockade enforced. And then you had an incident where the U.S. Navy actually shot at an Iranian ship and seized it and took custody of it. And what I'm told is that in the discussions that took place that were mediated by Pakistan in Islamabad, that Ghalibaf, the Speaker of the Iranian Parliament and other Iranian officials made clear to Vice President J.D. Vance that in order for another round to occur, there couldn't be this kind of threatening rhetoric from the United States. So it wasn't just the blockade of the Strait of Hormuz.

It was, in fact, Trump's rhetoric. And the Iranians weren't just saying, we don't like this. They were saying we had a diplomatic understanding that this is not how things were going to go down. So that's what caused this situation where there were reports that, like, J.D. Vans had his bags packed and was on the plane or his plane was imminently going to land. And once again, Trump's erratic behavior combined with the belligerence seems to have caused a problem moving forward. But the sense I get from the Iranians is that they are interested in reaching a deal. They are interested in talking, but they don't believe that they're walking into this as the weaker party on a tactical level. They think Trump is in trouble.

Yeah, Jeremy, it's very, very difficult to decipher. And let's be clear, we're recording this in the morning. About an hour before you came on, the United States took another Iranian ship. And so that's what happened about an hour ago. At the same time, all weekend, Trump is touting some sort of JCPOA to, Let's put A3 up here on the screen. Trump says the deal we are making with Iran will be far better than the JCPOA, commonly referred to as the Iran nuclear deal. It was a guaranteed road to a nuclear weapon, et cetera. If I did not terminate that deal, he goes on to trash, but he says it will be

something the entire world will be proud of instead of the years of embarrassment and humiliation that we've been forced to suffer due to incompetent and cowardly leadership. So at the very same time, Jeremy, he's belligerent, he's seizing ships, he's threatening attacks. This morning, he said Iran has violated a ceasefire numerous times just yesterday. He is saying maybe we'll do JCPOA 2.0. We'll do some sort of Iran nuclear deal. How do the Iranians interpret these mixed signals? Yeah, I mean, this is whiplash diplomacy.

And in fact, Donald Trump, according to the Wall Street Journal profile about him recently, seems to think that by intentionally acting this way and, you know, making derogatory references about Islam, et cetera, that somehow that's a language that the Iranians are going to respect or it's going to move the needle. And I think actually the opposite is true. I see no evidence whatsoever that this is having the impact that Trump thinks it is. In fact, as we've talked about repeatedly on this show, it's been the U.S. that has been over and over asking for discussions or talks with Iran. On the issue of this JCPOA thing, I think it's important to say something that I don't often see mentioned. And that is that the entire rationale for this war, the idea that, you know, he's going to stop Iran from getting a nuclear weapon, the entire thing was based on an epic lie. And the terms that are on the table right now are in no meaningful way any different from what Iranian negotiators had put on the table in Geneva as of February 27th the day before the United States launched this war. I've been told by multiple Iranian officials and insiders that Iran is not going to agree.

to hand over to the United States its enriched uranium, that they are discussing a supervised dilution of it, a much more robust presence of international inspectors inside of Iran. Trump certainly could say that he's gotten some terms that extend beyond what the JCPOA provided for. I think that's true. But that was also true back in February. And the Iranians that I'm speaking to, officials, that is, are speaking in a very derisive manner about Steve Whitkoff and Jared Kushner.

On the one hand, they're saying they had no technical know-how. They didn't understand the significance of what we were putting on the table. And on the other hand, Iranians told me that they have intelligence that Whitkoff and Kushner, particularly Kushner, that they were getting information from the Israelis during the negotiations. In other words, they're saying that they have intelligence that indicates that Netanyahu was deeply involved and sticking himself in the middle of this negotiation. or discussion process. So it's a combination of technical ignorance and a total lack of understanding of the issues that like professional negotiators would be understanding. And then the fact that the

Iranians are saying, we know that at various turns, it seemed like we were making progress. And then Whitkoff or Kushner start talking to Netanyahu and then things go south. How much unity is there on the Iranian side, though? Because it seems that there's been a bit of a divide in desired approach between the Iraqis. and Ghalibovs of the world and the IRGC command, you know, is that also a challenge for them if they, if we get back to the negotiating table here in terms of having the authority to strike some sort of deal? You know, I think, and I'm basing this on talking to well-informed Iranian sources, I think there's been a very robust debate inside of the echelons of power within Iran. I don't think

that that is fictional at all. You definitely have people that are very concerned, if not angered that this two-week temporary ceasefire was brokered. There were people pushing for Iran to keep fighting on, believing that they had the United States and Israel backed into a corner with Israel's supply of interceptors dwindling, with Trump in chaos, with the global economy in shambles, with the Gulf Arab countries just absolutely livid that this war was extending on with the prospect of if Trump and Netanyahu kept bombing that you were going to have a great escalation of attacks against infrastructure in the GCC countries, that you could have started to see more American soldiers being killed. So clearly there were Iranians that were saying we should

absolutely not have any kind of a pause. But I would also say that there's a political propaganda aspect to this psychological warfare, where you have these narratives largely promoted by anonymous U.S. officials and Israelis, that there's sort of this massive split happening that the IRGC is, you know, is angry with Arachi, the foreign minister, and Galabov is doing this. I think what we've really seen in a clear way is that Iran is a nation of institutions. Galibov, one inside analyst told me this morning, Galibov would not be leading this delegation or making these proclamations if he was not empowered by the Supreme National Security Council and it was signed off on by Moshtaba Khameh and his office. So I think that that's true. I think there's a lot of exaggeration to that. There certainly are debates within Iranian society. One of the thing that I think is important to point out is, and I spoke this morning to a very famous Iranian analyst, Hassan Amadi, and he said to me, can you name another instance that you can

think of, of a country whose political, religious, military, senior leadership was assassinated, and then it turned around and was able to fight a world superpower to a total standstill where the president of the United States is the one who seems to be desperate for an off-ramp. He was saying that in response to this question of, isn't Iran in a sort of crumbling state, isn't it in, you know, backed up against the wall? And he's saying, point out to me another example of something like this going down. It's really fascinating because like you said, from the Trump side, let's put A5 here on the screen all weekend.

And this also seems to be very intentional, is Trump wants a deal. He's also saying, I'm winning a war by a lot. He says that Iran is losing $500 million a day, that the blockade will not be taken off until there is a deal. It is, quote, absolutely destroying Iran. And so he simultaneously wants a deal. He's threatening action. There's also real action that's taking place on the high seas. Jeremy, you just discussed very eloquently the problems on potential problems on the Iranian side about factions. But it seems to be the same case here in the U.S. You know, from Saeed Mirandi, who we spoke to here on the show, he was part of the Iranian delegation. There were major weird communication things happening on the U.S. side. Jeremy, Islamabad officials are leaking this morning. They do expect some talks to happen. But my question is about how much we should read even into talks. Like, if talks do occur, how positive of a signal is that for some sort of extension of a ceasefire?

And would Iran even want an extension of a ceasefire? I mean, think first of the incredible risks to Donald Trump. If the United States does decide to resume this war, the Iranians are saying that they've spent the last two weeks replenishing their technology and their launch capacity. And, you know, some of that may be exaggeration, but I'm certain that it's true. I mean, there's already satellite evidence to indicate that they've cleared out some of the mountain bases where they have launchers and other equipment, these, you know, so-called missile cities. So there's, there is tremendous. risk. And the fact is that U.S. military infrastructure has been damaged to a tremendous

degree in the Persian Gulf. Israel would certainly be hit very hard. It may well happen. Trump may decide to move forward and try to resume strikes thinking that it will be, you know, in some form of a limited capacity. But what I was told by a senior Iranian official is that if Donald Trump does decide to do this, that Iran is going to cut off indefinitely all diplomatic channels, meaning they are not going to just allow a few more days or another week of bombing and then come back. to the table. Also, Iranian officials told me that they've been engaged in parallel discussions with their own strategic partners, including nuclear powers. By that, I take it to mean China primarily, but also likely Russia, about what it looks like to establish a different form of deterrence

or restore what they perceive as regional balance. And so, you know, Iran is not just putting all of its eggs in the basket of making a deal with the United States. It believes that China and Russia are not going to want this to go on. And so part of what we're seeing is that the Iranians are telling the Chinese in particular, yes, in good faith, we're going to try to make a deal with the United States. But if Trump, who's an erratic, unpredictable, whimsical character decides to move forward and Israel wins the day and they try to go for completely smashing the Iranian state, then we have no alternative but to say to China and Russia, hey, what are you going to do about

this now? And I think that's going to become a real story in the coming weeks. Interesting. Jeremy, treat to Parsi has been saying he thinks the most likely outcome is that, you know, whether the talks happen or not, it's unlikely that because the two sides are so far apart, it's unlikely that an actual deal will be struck, but Trump may just walk away, leaving a sort of, you know, limbo state where there's no sanctions relief, Iran still has control of the Strait of Hormuz, Israel's left to its own devices to do whatever, you know, things they're going to do. Do you think that's an acceptable state for, Iran, do you think that that is a sort of stable status quo, new status quo that could be reached out of all of this? I asked that exact question last night to a senior Iranian official because Joe Kent, who just left as the director of the National Counterterrorism Center a few days ago, actually posted that very concept on Twitter, on X, saying that, you know, there's a third

option, which is Trump could just sort of decide to end the war and walk away from it. I think there's a case to be made that Iran benefits on a strategic level by being attacked by the United States or by having the looming threat of war because it can respond in an asymmetric way. And Iran has been able to win by preventing the United States and Israel from achieving their objectives. And there is an argument that I think is a compelling one from a purely American point of view, which is that if Trump were to say, listen, the Strait of Hormuz has to be dealt with by Europe, China, all these other countries that are the primary forces using it. We've already massively degraded Iran. Okay, they don't want to make a deal. Let's ratchet up the sanctions. Let's try to

continue with our covert and overt support for attempts at armed insurrection inside of Iran. Let's let their economy continue to crumble. Let's let them weaken. We'll pull back because actually mission is already accomplished. So watch what's going to happen to them. There's a case to be made that, you know, from an American perspective, that would be the wisest where Trump just sort of walks away. What the Iranian official, though, said to me, he pushed back and said, you know, the people that are promoting this, yes, it does seem like it would be strategically wise of Trump to a degree, but they're underestimating the strength of Iranian institutions. And they also are failing to look at other parts of history where we've been in much more dire economic straits. So what they're saying is that they're

leaning into their alternative alliances, that they believe that much of the world now sees the U.S. and Israel for what they are. And that the dynamics have shifted. to such a degree that Iran believes that it could endure that scenario. And in fact, a senior official told me he thinks it's most likely that you're not going to have a comprehensive, detailed technical agreement, certainly not with the Trump administration. And the most likely scenario is a kind of vague backing away from this, perhaps in the context of a very limited sort of deal.

Last question before we go, why would they allow that? Because they think they can weather the storm with Chinese loans or Russian loans or, I mean. The Iranians, you mean? Yeah, the Iranians. Why would they want that? Why would they not restart the war? No, I don't think that they, I don't believe at all that that's what they want. I think that they very much want to have sanctions relief. I think that they very much want to have their tens of billions of dollars unfrozen. I think they believe that they're being reasonable on what they're offering on enriched uranium

and the kind of oversight mechanisms that they would be willing to allow inside of Iran that may well extend beyond what Obama was able to get in 2015. I don't think they want that at all. I think more what the senior official was saying to me is, we're realistic about who we're dealing with here. And if people think that, you know, Trump walking away in that manner is going to mean that we crumble, fall apart and the Islamic Republic ceases to exist, that they're underestimating us just as the world has underestimated us since February 28th. That's what it is. No, I think Iran wants to make a deal. I think they feel like they have the leverage to do it. The wildcard is that they are dealing with a corrupt gangster insider trade.

businessman masquerading as a head of state who is using the White House as sort of his personal business platform to enrich his cronies and family members. So, Jeremy, last question for you. If you had to say, if you had to put your money on one side or the other, do you think the Iranian delegation shows up in Islamabad this week? I think there is going to be another round of talks. I think the question is going to be how senior of a delegation the Iranians will send. I say that with the caveat that we could be watching this on record while.

We're also watching bombs hitting Tehran and other places because that's been the pattern for the past two years. But I think there's a high likelihood that very soon there is going to be another round of talks. Yeah. Well, we're going to endeavor to get this segment posted as quickly as we possibly can since things are changing literally by the minute. Jeremy Skaill, always great to have your analysis. Really, really valuable. Thank you so much. Thank you, Jeremy.

Thank you, guys. Canadian women are looking for more. More to themselves, their businesses, their elected leaders, and the world are at them. And that's why we're thrilled to introduce the Honest Talk podcast. I'm Jennifer Stewart. And I'm Catherine Clark. And in this podcast, we interview Canada's most inspiring women. Entrepreneurs, artists, athletes, politicians, and newsmakers,

all at different stages of their journey. So if you're looking to connect, then we hope you'll join us. Listen to the Honest Talk podcast on IHeartRadio or wherever you listen to your podcasts. There's two golden rules that any man should live by. Rule one, never mess with a country girl. You play stupid games, you get stupid prizes. And rule two, never mess with her friends either. We always say that, trust your girlfriends.

I'm Anna Sinfield, and in this new season of the girlfriends, Oh my God, this is the same man. A group of women discover they've all dated the same prolific con artist. I felt like I got hit by a truck. I thought, how could this happen to me? The cops didn't seem to care. So they take matters into their own hands. I said, oh, hell no.

I vowed I will be his last target. He's going to get what he deserves. Listen to the girlfriends. Trust me, babe. On the Iheart radio app, Apple Podcasts, or wherever you get your podcasts. What's up, everyone? I'm Ego Vodem.

My next guest, you know from Stepbrothers Anchorman, Saturday Night Live, and the Big Money Players Network. It's Will Ferrell My dad gave me the best advice ever I went and had lunch with him one day And I was like And dad I think I want to really give this a shot

I don't know what that means But I just know the groundlings I'm working my way up through And I know it's a place that come Look for up and coming talent He said if it was based solely on talent I wouldn't worry about you Which is really sweet

Yeah He goes but there's so much luck involved And he's like Just give it a shot He goes, but if you ever reach a point where you're banging your head against the wall and it doesn't feel fun anymore, it's okay to quit. If you saw it written down, it would not be an inspiration. It would not be on a calendar of, you know, the cat. Just hang in there.

Yeah, it would not be. Right, it wouldn't be that. There's a lot of luck. Listen to Thanks Dad on the IHeart Radio app, Apple Podcast, or wherever you get your podcasts. Turning now to the economy. and part of the reason that Donald Trump is desperate to wrap things up with Iran. Let's put this up here on the screen. I love the story.

Trump says that the energy secretary is, quote, totally wrong on gas prices not dropping to $3 a gallon until next year. President Trump spoke to the Hill on Monday, and he disagreed with the Secretary of Energy Chris Wright's assessment that gas prices may not drop below $3 per gallon until next year. Quote, no, I think he's wrong on that. totally wrong. When asked if he believes gas prices will drop, he said, quote, as soon as this ends, Wright had previously told CNN Sunday, gas prices may not drop below $3 a gallon until next year amid shipping restrictions in the Straits of Hormuz. I don't know that could happen later this year. That might not happen until next year. Quote, but prices have likely peaked and they will start

to go down. The secretary added, certainly with the resolution of the conflict, you will see gas prices go down. Prices across the board on energy will continue to go down. So gas remains about $4.2.2 a gallon nationally remains very high and stabilizing right around probably, I don't know, $3.90, $4 a gallon. But the point of the below $3 gallon is where we all were on February 27th. On February 27th, the day before the war launched, gas was $2.90 a gallon. So the $1 or so increased, where there's likely to be some sort of stabilization translates into tens of billions of dollars every single month that an American must spend, that America must spend on gas than it was not previously.

And I think that is the most direct consequence. Diesel actually still remains one of those where if you're not a trucker, if you don't work in the industry or any of that, you don't have a full familiarity of the general impact that's having. The margin for many of these independent contracting truckers is getting destroyed, many businesses already raising prices. If you, you know, I had a tow truck over the way I was asking about it.

And I was like, so, what's going on? with diesel, and he showed me the receipt. It's a hundred-gallon tank and it's only diesel for this tow truck. So $650. I was like, so wait, how long does this take? And he's like, well, man, this thing gets $5 to $8 a gallon. And so once a week, depending on the tow job, I was like, once a week and $650 per gap. I was like, oh my God. I was like, this is insanity. And he was like, yeah, man, and before the war, you know, it was half of that or something. like, I was like, good Lord. So that is a direct consequence. I just gave you of a business where what do you think he's going to do. He's going to sit there and take it or are they going to raise a price? It's like, what do you think is going to happen? It's a very inelastic sort of thing. You have to pay when they say you're going to pay. They're holding your car hostage. You're so right. Yeah, when you're stuck on the side of the road, you will pay whatever you have to pay to get towed. That is exactly the problem, though. It's a general tax on the entire country.

So when we start to think about all of these things, it's very obvious with the economic impact. also the thing that the Energy Secretary is trying to be honest about is, what are we, six weeks, seven weeks, something like that since hostilities started. That's six, seven weeks of no oil through the Straits of Hormuz or, I don't know, what, 5% of the oil that used to come through. That's just not going to cut it. The demand destruction has already began. The natural gas problem in Asia remains catastrophic. There's still so many, like the shortages and all of those things, while there were some delay in the fear over that, it's still happening.

It's not like there's been a general resumption of oil flow through the Straits of hormones. Helium remains a huge problem. We're okay, apparently, here in the U.S., we're oversupplied. But the rest of the nation, big problem. Fertilizer is already sky high. We already know that.

We'll almost certainly will have higher food prices six months to come. And that's if everything ends today, even right now. So, you know, they're delusional whenever it comes to gas. Did you see the tweet Goli buff put out trolling where he... He was saying basically, I mean, his point was basically like you all are vibe trading, like, you know, speculation on oil, but there's an underlying reality, which is exactly what Rory Johnson's been telling us the whole time around. And he included in there the Bloomberg terminal code for looking up the Brent crude prices. So some real, you know, some real inside baseball knowledge there in terms of the financial system.

But, you know, there's also increasing signs that Trump, as much as he, you know, blusters publicly in. pretends like nothing bothers him and that he, you know, totally knows what he's doing and he's unfazed by all of this, that not just Republicans, but Trump specifically knows he's got big problems here in terms of the economic landscape. We have put B2 up on the screen. This is, you know, they're drawing on reporting here from Politico. You had a Republican analyst who said, we're going to get killed in the midterms if the gas prices do not come down. So you can understand why Trump is so sensitive that he goes out and directly, says, no, my energy secretary is completely wrong on gas prices because he knows what a big

problem this is. And that was the other thing that really came through from that Wall Street Journal piece that Emily and I talked about yesterday's auger. I know you read as well, where Trump was freaking out privately, specifically after that one fighter jet was brought down and the two airmen were missing. He went on this multi-hour tirade that was so insane. He had to be shut out of the room while his aides gathered and tried to figure out, okay, what's the plan? So the commander-in-chief was so unhinged. He had to be completely shut out of those conversations. And he also privately is asking people, you know, how they think this is going and worrying about the comparison with Jimmy Carter and the way that the Iranian hostage crisis just

completely nuked him. I mean, his presence was already not going well in terms of, you know, reality and the public perception, but that the Iranian hostage crisis was just the death of him from a political perspective. And Trump is apparently talking about that privately to his aid, so he knows this is a major problem. He should be because it is very 70s-esque. And a lot, look, you know, his very best, that's the book, biography of Jimmy Carter, I recommend everybody go read it because all anybody really knows about Carter is what happened with Iranians and Iran. Yeah, it's a complicated, long story. Allow me to tell you a little bit of thing called the Panama Canal Treaty, which everybody forgets now and people literally lost their Senate seats over.

But the point is, is that for a multi-year period, there was hit after hit after hit. We've kind of accelerated that for a one-year timeline. Trump was already dramatically unpopular before the war. This is kind of pushing things over the edge. But it is Carter-esque in terms of that's what will become the defining legacy. But there were a lot of things that fed into the lack of trust from the country over these issues and with the war to make it so that when that does happen, you are massively unpopular. And, you know, again, look, people who have a good.

cues people of pointing these things out as like crisis mong or fear mongering or any of that. I just think it's a responsibility to warn people. Like what I just talked about with the tow truck Ryan Diesel, that's happening. That is a thing. That's one month. How many months can somebody sit there and take it? Let's put the next one up here. Very interesting piece from Bloomberg.

A cumulative global impact of the seven-week war is beginning to emerge in the coming week. They specifically point to all of these different indexes which track inflation, for manufacturing. And you can already see that in many of them, that the composite PMI, manufacturing, PMI, and services, PMI, many of them are beginning to spike. And actually, we saw some of the very beginnings of some of this for stagflation that happened just in the last month data. But really, I think where you have to look is just at the OPEC number from last month, 27% reduction. Put before next on the screen, please, because this just makes it very, very clear. The world is now in the biggest energy crisis in history.

600 million barrels of lost oil supply. The gas prices are up 47% since December. Inflation is a 4% in a similar path in 1970s. There you go. I mean, it doesn't take a genius really to figure out where things are going to go from here. The same oil shock in the 1970s is really what propelled the U.S. economy into problems that lasted for forgetting when the recession ended in the 80s, maybe 82, 83. It took a long time, right?

even with the resumption of Reagan after the whole hostage crisis and all of that was solved. And the reason why is because the amount of like dried up capital, the spreading effects of stagflation, interest rates, it really froze everybody. And it also scarred a generation forever. And I think our generation will be very similar to the 1970s generation who had to live through those very high periods of inflation. It's not one-to-one, obviously, in terms of the numbers. But we've lived through it now for many years. We've had high inflation. since 2021. Simultaneously, though, somehow we've also had booming corporate profits and, you know, the rich

getting phenomenally much richer. So it's much more of a generational conflict. It's very unique in its own way. But I think that the big economic story for me is just Asia. I don't think they will ever forgive us for what we have done to them. Well, and Asia is also kind of a preview of where the rest of the world is going to be headed if this crisis is not ended, this Trump-created crisis is not ending. they are hit hardest first, then it's likely to spread, end to Africa too, by the way,

then it's likely to spread to Europe. And then finally, you know, I mean, we're already seeing some impacts here. But in terms of the worst impacts, we do have some insulation, which is kind of, you know, kind of gross, given that we're the ones that created the problem. But in any case, let's put this New York Times article up on the screen. This is B5 talking about how screwed Asia already is. They say the forces of scarcity hitting Asia may soon spread across the world. the Asia Pacific was hit hard and quick by the war in Iran in its energy bottlenecks.

Scenes of crisis there indicate the problems are multiplying and spreading. You have one senior fellow at the Atlantic Council's Global Energy Center who's based in Sri Lanka, who said the impacts are so rapid and deep. Just from a magnitude perspective, this is really very, very, very large. They go in and document some of the specific problems, starting with, you know, There's been already 92,000 flights canceled worldwide that is double the pre-war rate of cancellation. The largest spike in eliminated flights is linked to Asia-Pacific. And that is because of this issue of scarcity of jet fuel.

We even have actually Air Canada had to cancel flights into New York City from, I think was Toronto to New York City, because of this jet fuel shortage. So we are already seeing some of those effects here. Not to mention airline prices. If you go and try to buy a ticket now, it's likely to be much more expensive than if you had bought it before the war. I'm seeing, you know, things on Twitter about people who are struggling to be able to afford to go to a funeral or a wedding are things that they had hoped to be able to attend. And that is, you know, amplified and magnified in Asia. You've also had halted production. They say many of Asia's most successful export industries require enormous amounts of energy and other ingredients from the Middle East. Seven weeks in stockpiles are. running out. Cutbacks in manufacturing are now multiplying, revealing vulnerabilities rarely considered. Copper and nickel production, for example, rely on high heat from natural gas and also sulfur. Both are in short supply forcing several Indonesian nickel processors to reduce output by at least 10%. And those are some of the knock-on effects that as a layperson, you don't necessarily see at the surface level. We all know that, you know, obviously, energy is

really critical to a whole lot of things. So so much of our imports, come from Asia. If they're cutting back, well, that is going to have knock on effects. Obviously, it's huge effects for them directly, but knock on effects for us and for the rest of the world. So that impact is already here. And then you also have, you know, a huge number of people that are at risk now of falling into poverty. They say a UN report estimates 8.8 million people in Asia and the Pacific are at risk of falling into poverty because of the war, depending on how long hostilities last.

And part of that problem, too, Sagrass you were talking before, is the issue with fertilizer, shortages in fertilizer coming at a critical time during planting season. And you've got, you know, people, vulnerable people around the world who are going to be facing prices that they simply cannot afford. Put B6 up on the screen because that speaks to the looming food crisis here. This is from the financial times. They say hunger and even famine are foreseeable consequences of the war in Iran. Now the world must act to shield the poorest from effects that will continue long. after the fighting stops.

So this is where we already are today. Here we go. In India, where industrial clusters have been shut down for weeks, workers are reversing urbanization, melting back to rural villages to thresh wheat. The cost of acetaminophen and antibiotics has already gone up because of production. For our purposes, TSM says that they have enough helium on hand

for production in the near term, but a prolonged crisis, and then they're going to have real problems. Look, for our purposes, we have a ton of helium here in the U.S., But again, as I've learned, shipping helium across the ocean is actually not that easy. It's got to be liquefied. It has to be cooled. It actually evaporates over a certain period of time. Getting it from here to Taiwan would be a seriously costly endeavor.

It would potentially there could even be shortages. There's all kinds of chemicals that are caught in the Persian Gulf, even like offshoots of the oil and gas. Intruria is another example. I think the price of it is already at an all-time high. I mean, none of this is a joke. And yes, like Asia is a preview of our future. but also they are the closest allies, in my opinion, of the United States, especially economically. Just take a look at global GDP and global trade. And like what we do, even with just Japan or South Korea, like their societies have been plunged into genuine chaos.

Like their prime ministers, their presidents are caught. If you read their news, every day, it's assuring the public about no shortages and these crazy deals that they're having to, they're going to Kazakhstan to buy oil and all. You know, they had the, you know, they had this. South Koreans and an envoy in Tehran, and they were worried. They're like, is he going to die? Because, you know, is Trump going to restart the war? Because he's trying to negotiate passage on the very same day that the U.S. does blockade. I really don't think they will ever forgive us. Like, I think this will rewrite, this will fundamentally rewrite the U.S. security relationship in East Asia at a time where we needed to do more to convince them that they should be on our side. And they were already pissed about the way that the way the whole tariff situation went down. and they feel very burned about that.

And now, I think, you know, I don't know, I think this one will really be felt for a long time. And Beijing is salivating over, despite whatever podcast person out there. What do they say? It's like 5D chess to beat China. It's like not even Trump thinks that. You know, it's like they invent these ridiculous theorems

about how great this is for the United States. I can't think of a single way that this has worked out better for anybody who lives in this country, except for, I don't know, a defense contractor, That's it. All right, let's get to the golf. Canadian women are looking for more. More to themselves, their businesses, their elected leaders, and the world are out of them.

And that's why we're thrilled to introduce the Honest Talk podcast. I'm Jennifer Stewart. And I'm Catherine Clark. And in this podcast, we interview Canada's most inspiring women. Entrepreneurs, artists, athletes, politicians, and newsmakers, all at different stages of their journey. So if you're looking to connect, then we hope you'll join us. Listen to the Honest Talk podcast on IHartRadio or wherever you listen to your podcasts. There's two golden rules that any man should live by.

Rule one, never mess with a country girl. You play stupid games, you get stupid prizes. And rule two, never mess with her friends either. We always say that trust your girlfriends. I'm Anna Sinfield. And in this new season of the girlfriends... Oh my God, this is the same man. a group of women discover they've all dated the same prolific con artist.

I felt like I got hit by a truck. I thought, how could this happen to me? The cops didn't seem to care. So they take matters into their own hands. I said, oh, hell no. I vowed. I will be his last target. He's going to get what he deserves. Listen to the girlfriends.

Trust me, babe. On the Iheart radio app, Apple Podcasts, or wherever you get your podcasts. What's up, everyone? I'm Ego Wadom. My next guest, you know from Step Brothers Anchorman, Saturday Night Live, and the Big Money Players Network. It's Will Ferrell. Woo, woo, woo, woo. My dad gave me the best advice ever. I went and had lunch with him one day, and I was like, and Dad, I think I want to really give this a shot. I don't know what that means, but I just know the groundlings. I'm working my way up through, and I know it's a place that come look for up and coming talent. He said, if it was based solely on talent, I wouldn't worry about you, which is really sweet. Yeah. He goes, but there's so much luck involved.

And he's like, just give it a shot. He goes, but if you ever reach a point where you're banging your head against the wall and it doesn't feel fun anymore, it's okay to quit. If you saw it written down, it would not be an inspiration. It would not be on a calendar of, you know, the cat. Just hang in there. Yeah, it would not be. Right, it wouldn't be that.

There's a lot in luck. Listen to Thanks, Dad, on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts. All right, everybody, this was called Gulf, but actually Donald Trump is doing a live interview with CNBC right now. So we've go ahead and called some of the most important newsworthy parts of that interview. We're going to start with this one, where Joe Kernan asked, you're saying that you need at least the prospect for a deal today or tomorrow, or else you will resume bombing. Here's what Trump had to say. You're saying that you need a at least, at least, the prospects for a signed deal today and tomorrow, or else you would resume bombing Iran?

Well, I expect to be bombing because I think that's a better attitude to go in with, but we're ready to go. I mean, the military is raring to go. They are absolutely incredible. You know, I built the military in my first term. I'm using it now. The military, when I took it over from Barack Hussein Obama. They had just, it was so depleted, so sad. And I built it in my first term. You remember those big numbers. You talked to me about it once. That's a lot of money for military. I built it. We did a great job with our military. And we're using it now and rebuilding it too. We've done a lot of rebuilding also in my first year. So there you go. Well, I expect to be bombing. The military is raring to go. Of course, could be BS. Could be, of course, you know,

all a negotiation tactic, but basically saying that the ceasefire will not be extended. All of this is nonsense and has been in the past. It very obviously could be extended, but at least that's the message that he wants going into Islamabad. Well, I'm just reflecting on what Jeremy told us, which is that, you know, the Iranians were upset, not only about Trump saying we're going to continue the blockade, but also about the continued threats that he insists on making. He made them yesterday saying he's going to bomb Iran now. Here he is again. threatening more bombing. So, you know, in terms of prospect of trying to get the Iranians to the

table, this is profoundly unhelpful. Yeah, absolutely. There's more stuff that is coming out. Let's go to the next one. This actually confirms something I was saying a little bit earlier about that ship that was headed to Iran. Trump is alleging that there was something on board that was a quote gift from China. Let's take a listen. Can you give us, I think it's on everyone's mind, the latest on where the Iran negotiations stand. We now know, Tehran has publicly confirmed that it will send representatives to the meeting with Vice President Vance. What do you expect? What are you hearing at this point, sir? Well, as I said two days ago when they said they won't send them, I said they'll be sending them.

They have no choice but to send them. What I think is that we're going to end up with a great deal. I think it's got, I think they have no choice. We've taken out their Navy. We've taken out their Air Force. We've taken out their leaders, frankly, which does complicate it. things in one way, but these leaders are much more rational. It is regime change, no matter what you want to call it, which is not something I said I was going to do, but I've done it, indirectly maybe,

but I've done it. And I think we're in a very strong negotiating position to do what other presidents should have done during a 47-year period. The blockade has been a tremendous success. They said, two days ago, we will open the straight. I said, no, we're not going to open this trade until we have a final deal. No, no, we want to open the straight. It said, we're not opening. We totally control the straight, just so you understand, for all the fake news out there. We stocked, we caught a ship yesterday that had some things on it, which wasn't very nice, a gift from China, perhaps. I don't know, but I was a little surprised, but I have a very good relationship, and I thought I had an understanding with President Xi, but that's all right. That's the way war goes, right? But I will

tell you that we have, our military is incredible. That confirmed something I said earlier. There were a lot of speculation on what that ship was, why they ceased it. This basically confirms it. It was some sort of military equipment. And again, there's speculation. There was a specific type of chemical necessary for manufacturing these ballistic missiles. But you take it a little bit earlier to what Donald Trump says there. In the interview, it is more of the bellicosity, of the wanting to strike about wanting, they said that they're going to negotiate or they're going to show up to make a deal. I do think Jeremy's point here is very important. And Treat has been making this point. as well. There is substantive movement in terms of the actual negotiation itself, but Trump consistently

undermines it because the other side also has to present a win, and he is incapable of saying something other than they completely surrendered and I got everything that I want. And, you know, maybe the Iranians could live with that if they got a lot of what they wanted to and they can project it to their domestic audience. But that's not where things are right now. They're under a literal naval blockade in a state of war against the United States. So I, you know, know, all of this, I think it makes, I know that the talks are allegedly going to happen. I still think they probably will. Stuff like this does not make it more likely, is what I would say.

The best thing Trump could do with this moment is shut up. Shut up. Shut the hell up. Right. That would be the, but of course that is, he is constitutionally incapable of shutting the hell up. So that was never going to happen. And now you're at this place where, you know, it really is, you know, on a knife's edge. You have competing factions within Iran.

have a very strong faction that does not want these negotiations to go on at all that did not think this was the right move to begin with. And every time Trump opens his dumb mouth and present some false victory narrative, claiming there was regime change, claiming we have control of the street, claiming that he's ready, you know, in the words of Pete Hegg said, that were reloaded, that we're ready to go back to bombing, the military is raring to go, threatening new war crimes, which is what he did yesterday. Every time he does this, that makes The job of the, you know, Ghalyboffs and the Ratchis who would like to get back to the negotiating table makes it much, much more difficult for them to be able to make the case to more hardliners

who also have sway and power within the government that this is an intelligent direction to go in. And it also, you know, can, let's say they still decide to go. It also can impact their view of whether these negotiations are serious at all or whether they're just another delaying tactic so that the U.S. can get back to. bombing them and to warfare because they have lots of good reasons to believe that that is really what's going on here and that certainly is possible. So I find this all to be profoundly, profoundly unhelpful. And we know he's calling into CNBC now. We'll probably talk to four more reporters today

and say 10 more contradictory things. And some of them will be indicating, oh, that he wants a deal as, you know, we had all those true social screens yesterday. And then some of them will be probably new threats, this is the way that he operates. And I think it's very clear that his need to constantly fuel his own ego and project all this braggadocio to the world is deeply undermining his interest, his interest in getting to a deal and getting himself extricated from what is a completely disastrous conflict on every single level. I was listening to an interview with Tretita actually this morning before he came in, and the way he put it is that both sides have to walk this careful balance of projecting a win to their population, but not doing so in such over-the-top

terms that it ends up humiliating the other side and destroys the possibility of any sort of deal being made. And that is not, you know, delicacy and nuance is not an area that this president is particularly strongly suited for. Yeah, I mean, the more that I just keep looking at all of these comments, it's clear he's manic and he needs to claim victory. And Trump is the same way. He always has believed that he is his best communications director. He doesn't believe anybody else can do it. That's why he constantly undermines.

Sometimes it works tremendously to his benefit, his ability to dominate everything. Obviously, has been his sole skill set of the last decade. However, in this particular case, I think he's finally met his match in terms of where he's dealing with an enemy that he dramatically underestimated. And now he's stuck in this vice grip where he needs victory, but he also has to get some sort of a concession, but he hasn't totally crush them and doesn't really have that ability without a full-scale invasion. So where things go from here, I don't know. All we can really say from looking at this is saying, if he's going to say, I'm ready to bomb, and the ceasefire is not going to get extended.

It's this funny thing. I remember it, you know, with the end civilization truth that he put out. And all the MAGA people were like, oh, you idiots. That's just how Trump talks. He always backs away. Well, then what was the point? Because if you think that, then Iran is supposed to think that they're not supposed to take it seriously. But the madman theory means you're supposed to take it seriously. So shouldn't I take it seriously? I mean, it's like you preemptively are saying that it's unsurious. But if that's the case, then it literally has no purpose in terms of a negotiating tactic or anything else. I just think this is the exact same way where it's purely about his own decision to try and seek some sort of a victim. narrative, but in the absence of the Iranians, also not willing to play a ball, I just think he's making things much more difficult. Yeah, absolutely, because there's not only the question of do they get to the table, it's also a question of, is there any room or possibility to hammer out what will be a very complex deal in a very short period of time? Remember, the JCPO negotiated over

years, and that contained fewer issues than what would have to be negotiated here, because you'd basically need to renegotiate the entire scope of the JCPOA on nuclear enrichment and all of these complicated technical details. You also got to deal with the straight. You also got to deal with the U.S. staying in the region. You've got to deal with sanctions. You have all of these surrounding issues that have to be hammered out. There has to be some level of trust in order to be able to do this. So every time this president opens his mouth, he makes it more difficult not only for Iran to show up at all, but for there to be some sort of. sort of meaning of the mind's some sort of deal that both sides can live with. There was another

interesting thing here on, you know, part of the topic we're going to originally cover in the Gulf section of the show today, which is that the UAE has been asking effectively for a bailout because they are in trouble, you know, they're being, they were being hit. They have their brand as this sort of like luxury resort country is being completely undermined. They understand they've got an issue. And so they asked for some sort of currency swap line or they asked if that was a possibility. They haven't directly said, we need this now. But they've said, hey, you know, in the future, if we need it, is this a possibility? Trump was asked by Joe Kernan, is there some type of currency swap possible with UAE to help if they need it? And do you think there'd be backlash?

Trump says, it is. It's been a good country, a good ally of ours. It was shocking because we didn't think they'd get hit. I don't know why you didn't think that. I'm surprised because they are really rich. So in any case, he seems to be opening the possibility that there could be some sort of effectively draft bailout, similar to what we did with Argentina for UAE because of the way our war has screwed them. And if you look at the original report from the Wall Street Journal, the UAE came in pretty hard to the U.S. and was like, look, you started this war, and now we're having a limit the damage. So you need to help us out of this predicament. We're in a sense, I'm, you know, no fan of the UAE or the Gulf. I am almost low.

on their side because look, they have a ton of money invested in the United States. So if they declare force major, if they just stop paying any of it, we almost do need to bail them out. Yeah. Because we did create this wrong for them. We created the situation. Yeah. We destroyed the semblance of Dubai and the peace and, you know, the entire reason that the global

super elite even all want to live there. We have screwed up their all of their oil shipments. their banks are the way station for the global illicit capital, which the entire world, which is very advantageous to us as to everybody else. And then they funnel many of their ill-gotten gains back into our economy. Not saying it's a good system, but some of us do benefit from it. And so what do we do? I mean, it's one of those, and they've committed hundreds of billions of dollars in U.S. defense investments. I mean, they don't have a lot of cards to play, but they have the economic one. Maybe they do need to be bailed out. And that's the problem,

I think that they face the entire Gulf faces, really. Already, you know, you can see a few of these things. Let's put Kuwait up there on the screen. This one is C3. This is Kuwait declared force majeure on shipments of crude oil and refined products from the straits of Hormuz. Say they're unable to meet customers' obligations that can't bring vessels into the Persian Gulf.

Get familiar with that term because that's not just about oil. That's less about investments. Remember, I think we put the biology Shrinivasa take up here very early in the days of the war. He's like, if you're in venture capital and you have, have any sort of golf investment, you better familiarize yourself with that word because it's very likely that you'll be hearing it at some time in the future. Also, some follow-on effects. Can't say I'm very upset about it. This is my favorite C-4. Yeah, let's put it up here. Luxury brands bet on the Middle East war has damaged their plans. High-end brands such as Louis

Viton and Hermes are looking to other regions as sale in the Persian Gulf Nations plummet. I mean, will anybody think of Zegna clothing and Hermes and Louis Vuitton? I mean, it's a tragedy. It's a real tragedy that Bernard Arnault and his LVMH group is going to take such a horrible hit. I mean, I would say personally, this would be a net benefit because Gulf taste has destroyed, you know, all the entire luxury market now for like 25 years. Again, just my opinion. The gaudiness, the Trump style, the Saudi style. Completely true.

When I lived in the Gulf, I remember these women would be walking around in full nikob. So Nekab is when, I think Nekab is everything with the eyes, right? And so they're full Nikab, and they still have diamonds crusted all around the eyes, like right here. And then the gold Cartier love bracelets. When the sleeve would just so happen to roll up, you're like, oh, there it is.

And these women are in full burqa going to Dior stores and Prada. For what? You know, you're wearing underneath the burqa. But that's what it's all about. That's the culture over there. It's unbelievable. So, yeah, I don't know. For me, it's a real tragedy.

Louis Vuitton and Hermes and all of these. Well, but it speaks to a real issue for them. No, no, it's a huge problem. Because, again, this is their whole thing, is attracting rich expats from the globe, the global elite. The whole thing is being the playground of the global elite. And so these luxury brands are already saying,

you know, this guy who's the executive chairman of Zegna, which I've never even heard of before, but it's apparently high-end men's clothing store. Anyway, he says that merchandise has to go go somewhere else. They're hoping, they're not hoping that the expats are going to come back to Bahrain and UAE and, you know, and Dubai and Abu Dhabi. They're hoping that they're going to keep spending their money just in other cities for global elite. So they're moving their merchandise out of the region because they know that there's, it's going to be a long time, if ever, that Dubai is. and Abu Dhabi in particular reestablish themselves at these sort of safe havens,

which are exempt from the tensions of the region. So, you know, this is a reality that is already there for UAW. So yeah, they're looking at this whole thing and they're like, y'all dragged us into this. You better help us out of it. And we also know there were a lot of complaints. There were like complaints from the Saudis that they didn't feel they were being protected

in the way that Israel was being protected. Which is fair. Yeah. And so, and, you know, all of our bases in the region, were hit. There was civilian infrastructure in these countries that was hit. So in any case, I guess Trump is open to giving UAE their lifeline. And, you know, I guess they've, they decided that if they signaled they were going to be the closest ally and they did the thing, you know, they took the UN resolution up. They said that they would enter directly as combatants. There's some indications

they have entered directly as combatants that Trump would repay their, you know, their allyship there. And I guess this is an indication that perhaps he will. Yeah, I mean, look, like I said, I'm loath to advocate for a bailout, but in many ways, I'm like, look, we did screw you. We really did. Totally super. Also, just so funny down here. Foot traffic to Brunello Cuccinelli stores, known for their cashmere knit worth,

has fallen 50% in the Middle East. I'm like, oh, the tears. This is a place, you probably don't familiar. This is where, like, Jeff Bezos will buy a T-shirt for, like, $3,000. Or, you know, these are the type of people. I think they have a hat. One of their most famous hats is like $600. It's literally a baseball hat made out of cashmere.

That's the type of brand that we're talking about. So, yeah, maybe, you know, even if you have the money, what are you doing? It's really disgusting. You know, I love clothing. For that type of money, you could go out to the finest, like, bespoke makers in the world and get something 10 times better. But for them, that's not what it's about. It's just about flexing in St. Barth or any of these other places to Lauren Sanchez's friends.

So, yeah, maybe it's a good thing. Maybe it's a good thing. What's up, everyone? I'm Ago Wode. My next guest, it's Will Ferrell. Woo, woo, woo, woo, woo. My dad gave me the best advice ever. He goes, just give it a shot.

But if you ever reach a point where you're banging your head against the wall and it doesn't feel fun anymore, it's okay to quit. If you saw it written down, it would not be an inspiration. It would not be on a calendar of, you know, the cat, Just hang in there. Yeah, it would not be. Right, it wouldn't be that. There's a lot of luck.

Listen to Thanks, Dad, on the IHeart Radio app, Apple Podcasts, or wherever you get your podcasts. In 2023, Bachelor star Clayton Eckerd was accused of fathering twins. But the pregnancy appeared to be a hoax. You doctored this particular test twice, Ms. Ellen's, correct? I doctored the test ones. It took an army of internet detectives to uncover a disturbing pattern. Two more men who'd been through the same thing. Greg, a lesbian.

Michael Mancini. My mind was blown. I'm Stephanie Young. This is Love Trapped. Laura, Scottsdale Police. As the season continues, Laura Owens finally faces consequences. Listen to Love Trapped podcast on the Iheart radio app, Apple Podcasts, or wherever you get your podcasts. When a group of women discover they've all dated the same prolific con artist, they take matters into their

own hands. I vowed. I will be his last target. He is not going to get away with this. He's going to get what he deserves. We always say that trust your girlfriends. Listen to the girlfriends. Trust me, babe, on the IHeart radio app, Apple Podcasts, or wherever you get your podcasts. This is an IHeart podcast. Guaranteed human.