The MeidasTouch Podcast Trump Panics as War Goes Sideways
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Mar 11, 2026 Coverage of escalating strikes near the Strait of Hormuz and which vessels and ports were hit. A shift from retaliatory to continuous Iranian attacks and their aim to drive oil prices higher. Reports on casualties from a Kuwait drone strike and a massive IEA oil stock release to calm markets. Discussion of Republican calls to accept higher gas prices and political fallout around a rushed China summit.
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Trump Claims Victory While Iran Escalates
- Donald Trump is publicly claiming the war with Iran is essentially over while Iran escalates attacks in the Strait of Hormuz.
- Ben Meiselas cites Iran hitting three commercial ships and Iran shifting from 'reciprocal' to 'continuous' strikes aiming to drive oil to $200 per barrel.
Strait Attacks Raise Oil Prices
- Iran struck commercial vessels near the Strait of Hormuz and attacked an Omani oil storage facility, worsening global energy risk.
- Meiselas highlights UK Maritime reports on the Express Rome and Maori Nari and notes oil back above $90 a barrel amid these attacks.
Kuwait Drone Strike Caused Severe Casualties
- The initial Iranian drone strike in Kuwait caused far more severe U.S. casualties and injuries than first reported.
- Meiselas reports six killed in Kuwait, one in Saudi Arabia, and dozens hospitalized with brain trauma, shrapnel wounds, and burns.