For months, I’ve been telling everyone that the world’s oil stocks were drawing perilously low. Weirdly, the price of oil kept being slammed lower, which only served to keep demand higher than it would have or should have otherwise been.
Suddenly, Trump veered from “UNCONDITIONAL SURRENDER!” to giving in to every Iranian condition for the so-called peace MOU.
How do we explain this?
Well, Trump explained it to us here when he said, “I didn’t want to see economic catastrophe. If you kept this going, that could have happened.”
Trump on the Iran War MOU: "I didn't want to see economic catastrophe. If you kept this going, that could have happened." It's honestly a surreal minute to watch:pic.twitter.com/K7ZRPYklV5
— Rory Johnston (@Rory_Johnston) June 17, 2026
In other clips, Trump admitted that we were only a few weeks away from oil tank bottoms being hit and shortages arising.
🇺🇸🇮🇷 Trump admits why he had no choice but to end the war:"We would have run out of [oil] reserves in about 4 weeks."Writer: Mhedipic.twitter.com/VkEv4WKWiX https://t.co/xWc67LL3kl
— Mario Nawfal (@MarioNawfal) June 17, 2026
Just as I said, over and over again, as did many other even more qualified oil analysts and financial contrarians.
Further, Trump all but admits to openly manipulating financial markets via peace deal tweets, and he seems most proud of the stock market’s response out of all the possible effects.
ICYMI — Trump admits he was manipulating the stock market with fake news about Iran pic.twitter.com/a1ZDbJ6Vze
— The Tennessee Holler (@TheTNHoller) June 18, 2026
The pivots are breathtaking. In this clip, Trump now supports Iran having ballistic missiles:
TRUMP SAYS IRAN WILL KEEP MISSILES“We'll be working on a parallel effort with the Gulf nations to address non-nuclear issues, such as the conventional ballistic missiles, which we'll be talking about, and support. I mean, they have to have some, because other people have… pic.twitter.com/1fN3PS4FeO
— Sulaiman Ahmed (@ShaykhSulaiman) June 17, 2026
The differences between what Trump managed to do vs. the JCPOA deal are striking as well.
And, of course, missing from that table, above, is the impact on world oil supplies and inventories. In the case of the US, the drawdowns have been large and sustained. This will have to be reversed at great expense someday, probably soon.
But, despite the stock market apparently cheering all this, and oil, swooning, we have to remain cautious because Israel did not agree to this deal, many in Israel feel betrayed by the president and locked out of the process, and we’re already reading things like this (image taken on 6/18/26):
So, we’re going to be keeping a very close eye on everything.
by cmartenson