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If Mr. Bessent is to be believed, he's stating there won't be a deal unless Iran FIRST opens the SoH without restrictions and agrees to give nuclear material up and THEN other things will be given. Iran has said no, they need to get sanctions relief and receive unfrozen assets BEFORE taking other actions. So who is telling the truth and who is lying (potentially to themselves)? We'll soon find out.

Iran is blowing all kinds of smoke trying to keep the US off balance like saying 25 ships transited the Strait in a day. I told Stuart Varney: "Yeah they're lying. It's the Iranian regime, it's like the Hamas Health Ministry or Baghdad Bob". The continual torrent of propaganda coming from them is designed to keep the US off balance. But it has near zero effect on President Trump. He's been dealing with lies from the media for decades. The Iranians have held out longer than I expected, but the leverage is still more on our side. They have no revenue from oil which is destroying their economy. We have higher gas prices, which definitely hurts Americans. But we can withstand this longer than they can. It still wouldn't surprise me if some more kinetic pain was coming down the pike, but either way, the end is near.

The deal being floated with Iran seems straight out of the Wendy Sherman-Robert Malley-Ben Rhodes playbook: Pay the IRGC to build a WMD program and terrorize the world. Not remotely America First. It’s straightforward: Open the damned strait. Deny Iran access to money. Take out enough Iranian capability so it cannot threaten our allies in the region. Overdue. Let’s go.

Regarding the OpenAI case, the judge & jury never actually ruled on the merits of the case, just on a calendar technicality. There is no question to anyone following the case in detail that Altman & Brockman did in fact enrich themselves by stealing a charity. The only question is WHEN they did it! I will be filing an appeal with the Ninth Circuit, because creating a precedent to loot charities is incredibly destructive to charitable giving in America. OpenAI was founded to benefit all of humanity.

Key things from Trump's latest message declaring that he won't restart the war with Iran: 1. Says he was asked by the leaders of Qatar, KSA, and UAE. Could be true, but either way, provides him with a face-saving exit from his previous threats. 2. Says serious negotiations are now taking place. They have been taking place all weekend, but a small breakthrough may have been achieved. 3. Emphasizes only "no nuclear weapons" as criterion for his deal. No mention of enrichment or stockpile. May prove crucial. 4. Overall, tries to give the impression that he is in control and that only he dictates the direction of the situation. None of that is entirely true, but understandable that he wants to give that impression. Conclusion: Once again, Trump has realized that escalation will end up badly for the US. That does not necessarily mean, though, that the necessary realism, discipline, and creativity will be mustered for the talks.