**Drew Whitehart** (0:00)
Is more hell about to break loose in Iran? Trump has decided to choose violence this morning with some very scary words for some in the Middle East that are not looking for this conflict to continue. Trump has taken another set of his gloves off. He took off the first set of gloves, but now he's got gloves under the glove. And he's taken aim at one of the main transport hubs of oil for Iran and really the Middle East.
It's gonna get frisky. We're heading into a pretty crazy end of the week here. It's Thursday, June 11th. Time is flying. And we're gonna be taking a look at Bitcoin. I feel an massive amount of opportunity is sitting right in front of us right now. If you really think about Bitcoin's price currently, compared to where a generalized and very conservative blow off top in the next few years is likely to land, the opportunity zone we're in and looking for, always in crypto, is right in front of us. So we got a lot of things to cover on the show today. And I'm interested in your guys' opinions on how this is all gonna play out. So let's share the tab here, get it all set up. I'm kind of scooting from one show to the next.
I had a tire shop afraid to mess with my tires this morning. They're upset that I had spacers and like, you know, a slight lift kit, a tasteful lift kit on the truck there. But make sure to follow me at Drew Whitehart on X. Let's get into the news. Let's get into everything going on. And then we'll hop into the charts, some of the target time frames here, but we have this. Trump says the US will be hitting Iran very hard tonight. He announces the US will be taking Karg Island in the not too distant future. Trump also says that the US will assume total control of Iran's oil and gas markets, much like we have Venezuela.
If we go the full distance, that would mean that we have a Western-friendly leadership design to Iran that is willing to play ball with the United States in a very tangible way if this goes Trump's way. Now, here's the full message from Trump. The United States will be hitting Iran, whose Navy, Air Force, Radar, Anti-aircraft, and all other forms of defense together, with most of its offensive capability, are gone very hard tonight. At some point in the not-too-distant future, they will be taking Carg Island, yada, yada, yada. Thank you for your attention to this matter, Donald J. Trump. Now, he, and these are words from Koviasi that kind of wrap up what just happened.
Maybe he had a little bit too much whiskey and just let him fly last night, but Trump just effectively announced the US will be putting boots on the ground to take Carg Island in Iran in the near future. It's one of the, it's the third the size of Manhattan, Carg Island is, and it's located in the Persian Gulf, controlling about 90% of Iranian crude oil exports. So this is a pinch point of Iran's exporting process of their oil that they produce in the country. It's roughly 1.5 to 2 million barrels of crude oil exports per day. Trump specifically said that this would be a Venezuela style takeover. Now, some nuance to this is there is an alternative island or an alternative transport hub for Iran that they could use, but it does not have nearly the capacity of movement that Karg Island does have. So this actually would be a little bit of a problem for countries that have been buying Iranian oil, then still scooting around American dollar dominance. If they've been continuing to do so and they haven't changed and have alternative plans for where they're going to get their oil, they might indeed get forced to purchase oil from the United States. And also, the conversation that Trump had with Xi Jinping about one or two months ago, set up the groundwork for the US to actually sell oil to China in a very big way through Alaska.
And there is a potential that China would go ahead and do so. China really doesn't give a shit who's giving its oil. You know, they don't care where the oil is coming from as long as it's produced, it's in their hands.
And people, you know, there's been some warnings about Iran and Iran is going to beat America in this. I think beat is a subjective term in this. It's going to cost America a lot more than it will Iran to do this conflict. But which country has the bigger budget? That's what you got to end up asking yourself if you want to stay based about the situation. Now, Trump took to the phone lines to let people know and this I actually want to listen to this real quick. Trump got on the phone with a few folks at Fox this morning.
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