Donald Trump the Megathread part II - Mod Warning updated in OP 12/2/26

Oil price dropped 15% on taco.

Israel renews assaults on lebanon.

All the news agencies are reporting it as an agreed ceasefire, which we all know it isn't but that the perception that allows a pivot.

Overall the net result with the hormuz toll is a pivot from the primacy of the petrodollar in West Asia.

And getting US service members killed in an utterly pointless conflict.

I’d say the Iranian leaders woke up this morning wondering if they dreamt of getting such a favourable deal.

Then they had to be told they weren’t dreaming and then proceeded to break their bollix laughing at how much they pulled Trump’s pants down.

What a pathetic gobshite Trump is.

Suppose Iran succeeds in imposes a toll on tankers exiting the Gulf at Hormuz, say €2m a go. Two things: that's a small amount per litre, so you can guess that the retail price impact would be small. Secondly, what the toll would do is impose a wedge between the Gulf price and the Outside World price, and the tax could well be reflected in a lower price in the Gulf, especially as most oil is produced elsewhere.

Its the old basic Economics 101 analysis of the incidence of taxation, i.e who really pays as opposed to who is liable to hand over the Tax. Taxes get passed on.

Not only that he legitimised a Brutal regimes narrative that America wants to annilihate all Iranians.

You could not have planned it worse.

He handed the fúcking Mullahs the moral high ground.

When historians write about this in years to come, they will have a job convincing their publishers they are not high on drugs.

Except for Tariffs of course. Ye can make trillions of dollars from tariffs🤣 They never get passed on so trillions of dollars just appear like magic from nowhere. USA economics 101🙈

30 billion that's going to flow into the Arms manufacturers in the good ole US of A.

Nearly all the crude goes east to the rest of Asia, it's the LNG that Europe needs a lot of. But overall the effect is Iran has said payment can not be in USD, which makes the USD irrelevant for all east bound shipments so after the dust has settled this will be greatest financial adjustment with long term consequences for the USA ability to borrow.

I think I should quote the above frequently in case it's forgotten

Thing is, and as mad as it seems it doesn't even capture the full breadth of Trumps stupidity and total abject failure...

There aren't words to adequately capture my disrespect for the privileged moron

A grifter and a failure all his life....not a suitable person to lead anything.

In this case Irans leadership where prepared to die and in many cases did die. They also paid a heavy country wide price in both lives and infrastructure.

Im not disagreeing with the sentiment but Trump is not some fat kid in school throwing his weight around.

Hes the psychotic principle who has very real power to fcuk up your life.

Another view point could be that yesterdays protests did in fact bring an end to the war 😂

Ah but shur sitting at home with the kids off school was driving them nuts.