The MeidasTouch Podcast: Trump Falls Apart on Monday…

The episode opens with a striking image: Donald Trump panic-posting dozens of times in a single morning, including a fabricated quote from Denzel Washington that never existed. "The president of the United States is a sex predator and a liar, and every word out of his mouth is a lie," the host states flatly. This sets the tone for an episode that tracks the Trump administration's unraveling across multiple fronts — economic, military, diplomatic, and political — as Brent crude oil prices surge past $107 a barrel and the Strait of Hormuz remains effectively closed.

The Diesel Crisis and the Strait of Hormuz

The core economic story is straightforward but the administration's handling of it is not. Diesel prices have spiked dramatically, and the host walks through the actual mechanism: the Trump administration launched a catastrophic war with Iran, which led to the closure of the Strait of Hormuz. That's the primary driver of fuel price increases, not anything Russia is doing. The host notes that Russia accounts for only about 2% of the world's diesel supply — "a few hours of one day of diesel that's consumed worldwide." The Trump administration's attempt to blame Biden for high fuel prices is, in the host's telling, a transparent dodge.