Pump Your Own Gas

“You’ll have to start learning how to fight for yourself, the U.S.A. won’t be there to help you anymore, just like you weren’t there for us. Iran has been, essentially, decimated. The hard part is done. Go get your own oil!” Trump tells Europe ‘Go get your own oil,’ Iran hits oil tanker off Dubai. Meanwhile, Trump said to tell aides he’s willing to end Iran war without reopening Hormuz. Are these mood swings and outbursts part of a broader pullback? The market seems to think so. (But as I’ve written, like everything else, the market has been a little off lately…)

+ “After private grumbling at the start of the war that they were not given adequate advance notice of the U.S.-Israeli attack and complaining the U.S. had ignored their warnings that the war would have devastating consequences for the entire region, some of the regional allies are making the case to the White House that the moment offers a historic opportunity to cripple Tehran’s clerical rule once and for all.” Gulf allies privately make the case to Trump to keep fighting until Iran is decisively defeated.

+ B-52s have started flying missions over Iran, and Israel is creating a larger buffer zone in Lebanon. Here’s the latest from NYT and The Guardian.