Trump Threatens Russia With Oil Tariffs

  • President Trump has threatened Russia with new oil tariffs if it obstructs cease-fire initiatives in Ukraine and has also pressured Ukrainian President Zelenskyy to finalize a rare earth minerals deal with the United States.
  • Ukraine is considering the US draft agreement on rare earth minerals, but internal consensus is needed before making a final decision, as these minerals are crucial for defense and technology.
  • Amidst diplomatic efforts for a cease-fire, Ukraine has accused Russia of war crimes, citing attacks on civilian targets, including a military hospital, and calls for tougher sanctions and more air defense capabilities. US President Donald Trump threatened Russia with new tariffs on oil products if Moscow blocks his cease-fire initiatives, while he also said Ukrainian leader Volodymyr Zelenskyy faces “big, big problems” if he doesn’t sign a key minerals deal with Washington. “He’s trying to back out of the rare earth deal, and if he does that he’s got some problems, big, big problems,” Trump told reporters on March 30 in reference to the Ukrainian president. “We made a deal on rare earth. And now he’s saying, well you know, I want to renegotiate the deal.” “He wants to be a member of NATO, but he’s never going to be a member of NATO. He understands that,” Trump added. On March 28, the Ukrainian government said it was still considering a draft agreement from the United States on the country’s rare earth minerals amid media reports Washington had changed the terms of the deal several times. Ukrainian Economy Minister Yulia Svyrydenko announced at a government meeting that Kyiv was forming its position on the agreement, but lawmakers would only state their stance once there was consensus. Before then, she said, public discussion would be harmful. Ukraine possesses significant deposits of critical minerals, including rare earths, although their exact size remains uncertain. Rare earth minerals are highly valued for their use in defense technologies, as well as in devices such as computers, smartphones, and batteries. Ukraine and the United States earlier this month agreed to conclude a comprehensive agreement for developing Ukraine’s critical mineral resources. Efforts to seal the deal had earlier fallen apart on February 28 after a heated exchange between Trump and Zelenskyy at the White House. Meanwhile, earlier on March 30, Trump said he would impose secondary tariffs of 25-50 percent on all Russian oil if he feels President Vladimir Putin is blocking his efforts to end the war in Ukraine. During a phone interview with NBC news, Trump said he was “very angry” and “pissed off” when Putin called for a transitional government to be put in place in Ukraine, which could effectively push out Zelenskyy. “If Russia and I are unable to make a deal on stopping the bloodshed in Ukraine, and if I think it was Russia’s fault — which it might not be — but if I think it was Russia’s fault, I am going to put secondary tariffs on oil, on all oil coming out of Russia,” Trump said. “That would be that if you buy oil from Russia, you can’t do business in the United States,” Trump said. “There will be a 25 percent tariff on all oil, a 25- to 50-point tariff on all oil.” Trump added that the trade measures would be put in place within a month if no cease-fire agreement is reached. The highly sensitive diplomatic juncture comes after the White House announced on March 25 that both Russia and Ukraine agreed to a cease-fire and to allow navigation in Black Sea, as well an agreement to not strike each other energy facilities. Kyiv says that it would take effect immediately and Moscow has stated that it would follow the partial lifting of sanctions pertaining to Russian companies and banks involved in the international food trade.

Tougher Tone Toward Putin

The comments by Trump mark a shift from the softer approach the White House had taken toward Russia since the US president made ending the war in Ukraine a top foreign policy priority. They also come after he had previously criticized Zelenskyy, saying he was “sick” of his handling of the war and called him a “dictator without elections.” Trump told NBC that he will speak with Putin during this week.Meanwhile, in his nightly video address on March 30, Zelenskyy said “Russia’s response to the American proposition of unconditional cease-fire are drones, bombs, artillery shelling, ballistic missiles on a daily basis. Putin is demonstrating that he doesn’t give a damn about diplomacy.” “What is needed are tougher sanctions against Russia, more air-defense capabilities for Ukraine, and more unity among our partners,” Zelenskyy added. Amid the US-led diplomatic efforts to reach a cease-fire deal, Kyiv accused Moscow of a “war crime” on March 30 after Russian drones struck a military hospital. The overnight strike hit Kharkiv, Ukraine’s second-largest city, as part of an attack that also hit a shopping center, apartment blocks, and other targets, killing at least two people according to authorities. The Ukrainian military’s general staff accused Russia of “violating the norms of international humanitarian law” in the attack, which they denounced as “deliberate, targeted shelling.” They added on March 30 that casualties included soldiers undergoing treatment in the medical center. In total, Ukrainian authorities said that the overnight attacks killed at least two people and injured 26 others across the country. The Ukrainian president added that “for too long,” a US proposal for an unconditional cease-fire has been on the table “without a proper response from Russia. That says a lot.”

Oil jumps, highest since late February

The price of oil futures jumped on Monday, with both West Texas Intermediate (WTI) and Brent reaching their highest point since late February, with worries on the supply side growing. Recently, United States President Donald Trump warned that he would slap additional tariffs on Russian crude if Russian President Vladimir Putin continues to stall negotiations to end the war in Ukraine. WTI for May deliveries soared 2.41% at 11:45 am ET, going for $71.27 per barrel. Brent, for the same month settlements, advanced by 1.34% a minute later, selling at $74.71 a barrel.

Iran warns US after Trump’s bombing threat

Iranian Foreign Ministry Spokesman Esmail Baghaei took to X on Monday to denounce the United States after President Donald Trump threatened to bomb his country, warning of “consequences” if Washington resorts to force. “An open threat of bombing by a Head of State against Iran is a shocking affront to the very essence of International Peace and Security. It violates the United Nations Charter and betrays the Safeguards under the IAEA [International Atomic Energy Agency]. Violence breeds violence, peace begets peace,” he wrote. Earlier, Iran’s Supreme Leader Ayatollah Ali Khamenei said the US would receive a “strong response” if it attacked his country.

nn: screw him

France’s M&P confirms its Venezuela license revoked

French oil company Etablissements Maurel et Prom S.A., better known as Maruel & Prom and M&P, confirmed on Monday that the United States Treasury Department Office of Foreign Assets Control (OFAC) revoked the licence given to the company to operate in Venezuela, effective May 27. “M&P is currently assessing the implications of this decision in close consultation with its legal advisors. The Group remains actively engaged with US authorities and continues to monitor the situation as it develops,” the enterprise’s statement read. “It is M&P’s understanding that this action is part of a broader initiative by OFAC affecting both US and international oil companies operating in Venezuela under similar authorisations, pending a possible agreement between the US and Venezuela as the situation continues to evolve.” The statement came after the US revoked the licenses of foreign oil companies operating in Venezuela. Caracas dismissed the decision as illegal and said it is ready to continue cooperating with those firms.

nn: now add russia and iran in essence embargos and you got a oil supply crises building

Gold hits new all-time high of $3,120 on overblown tariff woes

The prices of most precious metals surged on Monday, with gold hitting a fresh all-time high, as market participants sought refuge in the safe-haven asset amid fears that US President Donald Trump’s proposed trade measures would escalate international trade tensions. He intends to announce a fresh set of reciprocal tariffs on April 2. Furthermore, Trump pledged to implement hefty financial sanctions on Russian oil imports unless Moscow agrees to a Ukraine ceasefire agreement within the coming month. Over the weekend, the American leader also said he “couldn’t care less” if foreign automakers raise prices due to tariffs, further propelling the metals rally.

Gold added 1.30% at 5:24 am ET, going for $3,123.21. At the same time, silver improved by 0.86%, selling at $34.39. Platinum gained 0.78%, going for $993.32, while palladium was 0.94% up, trading at $970.19.

nn:  sucker  play…… suckering in the stupid money….a great short is forming!!

Trump threatens to bomb Iran

 

Trumps  latest comments came during a interview with NBC News on Saturday evening. During the interview, Trump threatened “bombing” and “secondary tariffs” on Iran if the country did not make a deal with the U.S. to ensure it did not develop a nuclear weapon. “If they don’t make a deal,” Trump said about Iran, “there will be bombing. It will be bombing the likes of which they have never seen before.” U.S. and Iranian officials are “talking,” Trump said. However, in a statement on Sunday, Iranian President Masoud Pezeshkian said he rejected direct negotiations with the U.S. over its nuclear program, in the country’s first response to a letter sent by Trump to the Islamic Republic’s supreme leader.

NN: Are you listening

Trump Fumes at Putin | ‘I’m Very Angry, Very Pissed Off!’ | U.S to Impose Tariffs on Russia’s Oil

WASHINGTON — President Donald Trump said he was “very angry” and “pissed off” when Russian President Vladimir Putin criticized the credibility of Ukrainian President Volodymyr Zelenskyy’s leadership, adding that the comments were “not going in the right location.” Agence France-Presse reported that Putin on Friday called for a transitional government to be put in place in Ukraine, which could effectively push out Zelenskyy. “If Russia and I are unable to make a deal on stopping the bloodshed in Ukraine, and if I think it was Russia’s fault — which it might not be — but if I think it was Russia’s fault, I am going to put secondary tariffs on oil, on all oil coming out of Russia,” Trump said in an early-morning phone call with NBC News on Sunday. “That would be that if you buy oil from Russia, you can’t do business in the United States,” Trump said. “There will be a 25% tariff on all oil, a 25- to 50-point tariff on all oil.” The president’s comments come after he had previously criticized Zelenskyy, saying he was “sick of his handling of the war and falsely calling him a dictator. Trump similarly announced “secondary tariffs” on Venezuela, saying in a post to Truth Social that the tariffs would be placed on countries that bought oil and gas from Venezuela. A few of the top importers of Russian oil products include China, Turkey, Brazil and India, according to an analysis by the Centre for Research on Energy and Clean Air. If Trump uses the same definition of secondary tariffs as he used with Venezuela, these countries could be among those seeing an impact of secondary tariffs. Trump had made ending the war in Ukraine a top foreign policy promise on the campaign trail, leading to meetings between U.S., Ukrainian and Russian officials in the first few months of his second term. Last week, Russia and Ukraine agreed on a partial and limited ceasefire that would allow safe navigation in the Black Sea and halt attacks on each other’s energy facilities. “There will be a 25% tariff on oil and other products sold in the United States, secondary tariffs,” Trump said, noting that the tariffs on Russia would come within a month without a ceasefire deal. Trump said Putin knows he is angry, but noted that he has “a very good relationship with him” and “the anger dissipates quickly … if he does the right thing.” The two men plan to speak again this week, Trump said.

NN: i sure hope you are paying attention here

New US strikes against Houthi rebels kill at least 1 in Yemen

DUBAI, United Arab Emirates (AP) — Suspected U.S. airstrikes pounded Yemen overnight into Saturday, reportedly killing at least one person as the American military acknowledged earlier bombing a major military site in the heart of Sanaa controlled by the Houthi rebels. The full extent of the damage and possible casualties wasn’t immediately clear. The attacks followed a night of airstrikes early Friday that appeared particularly intense compared to other days in the campaign that began March 15. An Associated Press review has found the new American operation under President Donald Trump appears more extensive than those under former President Joe Biden, as the U.S. moves from solely targeting launch sites to firing at ranking personnel as well as dropping bombs in cities. Meanwhile, satellite photos analyzed by the AP show a mysterious airstrip just off Yemen in a key maritime chokepoint now appears ready to accept flights and B-2 bombers within striking distance of the country Saturday. The strikes into Saturday targeted multiple areas in Yemen under the control of the Iranian-backed Houthis, including the capital, Sanaa, and in the governorates of al-Jawf and Saada, rebel-controlled media reported. The strikes in Saada killed one person and wounded four others, the Houthi-run SABA news agency said.

SABA identified the person killed as a civilian. Houthi fighters and their allies often aren’t in uniform. However, analysts believe the rebels may be undercounting the fatalities given the strikes have been targeting military and intelligence sites run by the rebels. Many of the strikes haven’t been fully acknowledged by the Houthis — or the U.S. military — while the rebels also tightly control access on the ground.

One strike early Friday, however, has been confirmed by the U.S. military’s Central Command, which oversees its Mideast operations. It posted a black-and-white video early Saturday showing an airstrike targeting a site in Yemen. While it didn’t identify the location, an AP analysis of the footage’s details corresponds to a known strike Friday in Sanaa. The footage shows the bomb striking the military’s general command headquarters held by the Houthis, something the rebels have not reported.

The Houthi-controlled Telecommunications and Information Technology Ministry in Sanaa separately said U.S. strikes Friday destroyed “broadcasting stations, communication towers and the messaging network” in Amran and Saada governorates. The strikes in Amran around the Jebel Aswad, or “Black Mountain,” had appeared particularly intense. The new campaign of airstrikes, which the Houthis now say have killed at least 58 people, started after the rebels threatened to begin targeting “Israeli” ships again over Israel blocking aid entering the Gaza Strip. The rebels in the past have had a loose definition of what constitutes an Israeli ship, meaning other vessels could be targeted as well. The attacks greatly raised the Houthis’ profile as they faced economic problems and launched a crackdown targeting any dissent and aid workers at home amid Yemen’s decadelong stalemated war that has torn apart the Arab world’s poorest nation. The Houthis have begun threatening both Saudi Arabia and the United Arab Emirates, two American allies in the region, over the U.S. strikes. That’s even as the nations, which have sought a separate peace with the Houthis, have stayed out of the new U.S. airstrike campaign. An AP analysis of satellite photos from Saturday shows the American military has moved at least four long-range stealth B-2 bombers to Diego Garcia in the Indian Ocean — a base far outside of the range of the rebels that avoids using allies’ Mideast bases. Three had been earlier seen there this week. That means a fourth of all the nuclear-capable B-2s that America has in its arsenal are now deployed to the base. The aircraft carrier USS Harry S. Truman has launched attacks from the Red Sea and the American military plans to bring the carrier USS Carl Vinson from Asia as well. Satellite images Friday from Planet Labs PBC show an airstrip now appears ready on Mayun Island, a volcanic outcropping in the center of the Bab el-Mandeb. The images showed the airstrip had been painted with the designation markings “09” and “27” to the airstrip’s east and west respectively. A Saudi-led coalition battling the Houthis had acknowledged having “equipment” on Mayun, also known as Perim. However, air and sea traffic to Mayun has linked the construction to the UAE, which backs a secessionist force in Yemen known as the Southern Transitional Council

NN: as you can see these are significant attacks. and a major military build up. we are headed to serious war. and it will affect oil supplies

Trump says Iran high on his watchlist

United States President Donald Trump stated today that Iran remains “very high” on his list of priorities. He disclosed that he recently sent a letter to the country’s supreme leader, warning of stark choices ahead. “You will have to make a decision,” Trump stated, saying that Washington and Tehran “can talk, or very bad things are going to happen.”

Bitcoin drops below $84K, down 3.7% after inflation gauge

As you know we have been Shorting the shit out of this latest mania

Major cryptocurrencies experienced declines on Friday, with Bitcoin sliding under $84,000, as market participants reacted to an unexpectedly strong inflation gauge reading alongside concerns over the recent trade measures announced by US President Donald Trump. The core Personal Consumption Expenditures Price Index (PCE) increased by 0.4% during February, recording its biggest monthly gain in more than a year, according to U.S. Commerce Department data released Friday. Analysts had projected a 0.3% rise. Bitcoin slumped 3.73%, selling for $83,977 at 11:10 am ET. Ethereum plummeted 5.90%, selling for $1,884 a minute later.