By the way, is the joint chiefs of staff no longer a thing? How does Trump make these decisions? 😵‍💫Via his son-in-law, his press secretary and Mike Huckabee?

“Analysts: Iran has played a weak hand WELL and the US has blundered into a defining #strategic #failure:

“…proving to be #perplexing for the American high command. Pete #Hegseth the Sec. of Defense, recently said that “the only thing prohibiting transit in the strait right now is Iran shooting at #shipping

“but this was not quite right.”

“Iran has NOT been shooting at shipping that much in recent weeks. Instead, it is the FEAR of Iran shooting at shipping that is scaring-off insurers and tanker owners.”

[Trump] “continues to insist Iran has been #defeated and yet Iran continues to behave as if it is NOT.”

“There is no policy #intervention that can cope with a disruption [of oil shipping] that large.”

https://www.theguardian.com/world/2026/mar/27/how-trump-bombed-us-into-worse-position-iran-strategic-failure?CMP=Share_iOSApp_Other

Currency intervention is a political act with a financial alibi. The verbal ladder is almost spent. Three gates stand between Katayama and the trigger — and the calendar says they all open in late April.

https://gyokuro.dev/en/posts/katayama-intervention-timing/

#JPY #intervention #MOF #BOJ #Katayama #Bessent #CarryTrade #macro