Trump pledges to keep the oil flowing
Trump and Bessent launch oil tankers security pledge
Hello Capitalists!
Here is everything you should know today:
Too busy to read today? Listen to The Capitalist Voice anywhere. Just click.
Today’s markets + assets - Sponsored by Nutrition and Healing
✅ DOW: 48771.29 (⬆️ 0.56%)
✅ S&P: 8683.96 (⬆️ 0.69%)
✅ NASDAQ: 22805.55 (⬆️ 1.28%)
⚠️🔴 CBOE VIX Volatility Index: 21.29 (⬇️ 9.67%)
✅ Gold: $5153.60 ( 0.60%)
✅ Silver:$83.71 (⬆️ 0.39%)
✅ Bitcoin: $73,214 (⬆️ 7.15%)
Become a paid subscriber to The Capitalist and help us make Capitalism great again
Trump pledges safe middle east oil transit with US Navy escort
President Donald Trump pledged Tuesday the United States will guarantee safe passage of oil from the Middle East amid ongoing war with Iran that has killed hundreds and roiled global markets, announcing insurance guarantees and potential US Navy escorts through the Strait of Hormuz to prevent an energy crisis.
Navy escorts planned: US Navy will begin escorting tankers through strategic Strait of Hormuz as soon as necessary.
Insurance offered cheap: US International Development Finance Corporation to provide political risk insurance at reasonable price for Gulf trade.
War deaths mount: Hundreds dead in Iran dozens elsewhere six US servicemen killed five days into conflict.
Markets calm briefly: Brent crude up 1.8 percent S&P 500 futures rise 0.3 percent gold above 5100 dollars.
Oil steadies on Trump tanker pledge
Oil prices held steady Wednesday after President Trump promised US insurance guarantees and potential Navy escorts for tankers through the Strait of Hormuz where traffic had dropped to zero due to Iran war fears, easing earlier surges that pushed Brent to 84 dollars.
Hormuz traffic halts: One fifth of global oil supply stalled as shippers fear attacks insurance dries up.
DFC insurance immediate: United States Development Finance Corporation offers political risk cover at reasonable price.
Brent eases from peak: Brent crude oil is at $82 dollars after hitting $84 WTI oil falls to $74 dollars.
Sponsored by Nutrition and Healing
Catholicism and Cancer – The Secret Connection
In the 1950s, an American cancer case was sealed deep inside the secret Vatican archives… The church ruled it a miracle. And oncologists were stunned. Then, on April 28, 2016…
Cancer researchers from across the globe gathered at the Vatican to discuss one thing: The science behind the miracle.
What they revealed is shaking the medical field today… Because the key to beating cancer is not some expensive, experimental drug… It’s already inside you.
Click here to uncover the cancer-erasing secret that shook the Vatican.
P.S. There are powerful interests who don’t want this getting out. Watch this video while you still can—before it slips back underground.
Trump backs crypto over banks in titanic battle
President Trump publicly sided with crypto firms Tuesday in their fight against banks over allowing yields on stablecoins, warning the Genius Act is being undermined and urging banks to make a good deal because it serves the American people.
Legislation threatened: Banks blocking passage of companion Clarity Act over stable coin yield issue.
Coinbase shares surge: Up as much as 15 percent while JPMorgan and Bank of America dip.
Banks fear 6.6 trillion: Treasury study warns stable coin yields could drain deposits and destabilize smaller banks.
Trump family crypto ties: President and family generated hundreds of millions from crypto interests.
US and Britain split on crypto rules
British and US regulators are divided over testing blockchain versions of securities with Britain pushing a cautious sandbox approach while the US favors exemptive relief in talks aimed at boosting crypto collaboration under a joint taskforce launched last September.
Sandbox obstacle emerges: Britain wants controlled testing environment for tokenized securities US SEC expresses doubts on viability.
Stablecoins align broadly: Both sides agree on harmonizing rules for stable coins backed by actual currencies.
Pro crypto US shift: Trump administration easing regulation encouraging adoption contrasts with the UK Bank of England’s caution.
British FCA defends testing: Claims sandbox testing is valuable for understanding risks opportunities while maintaining trust integrity.
Bitcoin surges past $73,000 dollars
Bitcoin rallied as much as 7.73 percent to top $73,890 dollars Wednesday rebounding from Middle East conflict selloff with spot Bitcoin ETFs seeing more than $680 million dollars in inflows over two days as investors treated crypto as a temporary safe haven.
Ether joins rally: Ether up 9.17 percent to $2,140 dollars as the entire crypto market turns green.
ETF inflows surge: Spot Bitcoin ETFs rake in over 680 million dollars Monday and Tuesday.
Outperforms gold: Bitcoin up 11.84 percent since Friday while gold down almost 2 percent.
Still below peak: Bitcoin remains 40 percent off October high despite rebound.
Bessent’s promises Gulf action plan for oil transport
Oil prices steadied Wednesday with US crude at $74.68 dollars and Brent at $81.77 dollars after Treasury Secretary Scott Bessent promised further White House announcements to support tanker traffic in the Persian Gulf amid the Iran war.
Strait traffic standstill: 20 percent of global oil supply blocked as owners fear Iranian strikes.
Multiple announcements coming: Bessent confirms series of measures beyond initial DFC insurance.
WTI jumps then calms: Rose 6 percent Monday, 5 percent Tuesday but are now up only 0.16 percent.
Hormuz chokepoint critical Millions of barrels have been stranded after Revolutionary Guard threatened attacks.
Bessent: 15 percent tarrifs this week are coming
Treasury Secretary Scott Bessent said Wednesday President Trump’s 15 percent global tariff will likely begin this week rising from the current 10 percent and predicted rates will return to pre-Supreme Court levels within five months using more robust authorities.
Section 122 tariffs: Replacement duties under Trade Act of 1974 can last only 150 days without Congress.
Supreme Court struck IEEPA: February ruling blocked Trump’s original unilateral reciprocal tariffs.
Trade studies underway: USTR and Commerce Department completing work for stronger future measures.
Back to old rates: Bessent believes fulsome authorities will restore previous levels by August.
Defense firms drop Claude AI
Multiple defense tech companies have ordered employees to stop using Anthropic’s Claude and switch to other models after the Pentagon blacklisted the company last week, citing supply chain risks despite no official written ban.
J2 Ventures portfolio shifts: Ten portfolio companies are actively replacing Claude for DoD contracts.
Lockheed expected removal: Major contractors moving Anthropic tech out of their supply chains.
Anthropic revenue hit: 80 percent comes from enterprise clients including the recent 200 million DoD deal.
Abundance of caution: Firms preemptively switching despite Claude being praised as excellent product.
The Capitalist is a reader-supported publication, we exist for you, because of you
This ad is sent on behalf of NewMarket Health Publishing, LLC. P.O. Box 913, Frederick, MD 21705, USA. If you would like to unsubscribe from receiving offers from NewMarket Health Publishing, LLC, please click here.
 | A guest post by
|
A promise that shall be kept. More thank we had for the 4 years of Biden and his clowns 🤡 ever did !!!