Tuesday, March 31, 2026

War of Words

Trump may have reached his rhetorical limits with the war on Iran.

Frustrated that he apparently cannot bomb the Iranians into submission or Venezuela-style compliance, he is turning his wrath, once again, on our allies.

Europe, the UK and Japan depend on oil from the Middle East far more than the U.S., which is a net oil exporter. So Trump is telling them, ‘this is your problem, not mine.’

Meanwhile, domestic politics are getting to Trump in the form of rising gas prices, which have hit $4/gallon nationally. Trump’s approval numbers have hit the 30s, another sign of danger at home.

Today the Journal reports that Trump may be willing to end the war without forcing Iran to reopen the Strait of Hormuz.

Of course, this only reminds us that the only reason Hormuz is closed is the bombing campaign Trump and Israel started a month ago. And that our allies were never in favor of this adventure in the first place.

So far this morning the markets are up. That, at least, will make an angry Trump a little bit happier.

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