BREAKING: US Strikes Kharg Island As Gulf Oil Fields BURN

Turning now to some of the breaking news as of this morning, let's put it up here on the screen. The U.S. military is conducting strikes on military targets on Karg Island. So all of the information that we have now so far, Ryan, is that these strikes on Karg Island

are so-called on military targets, as in not on the oil landing platforms, not on any of the places where you look.

The little military stations.

The docks, right, the small military stations. Now remember, we were told previously that actually we had already wiped out the military targets all over Karg Island, so it does make you question, why do you have to do it again?

But there's a lot of things that you can see into this. It could be a precipitation of a ground operation to take Kharg. I don't think that that will happen, but it also could just be one, two, faint, exactly, before some sort of ground operation elsewhere in the country. It could also be a demonstration, obviously,

of US power or intelligence. I think we've already done that, but bigger picture. It could also just be a retaliation for what happened yesterday, which again, the whole Western press is silent on, so I'm gonna give you the floor

to tell us about what happened in Saudi Arabia, because these seem massively important. These strikes that happened, people are totally silent. The Saudis are claiming basically, what are they saying? They're like, oh, it was just debris from falled missiles. The videos coming out with huge fires

seem to indicate much bigger percentage of their oil is offline than they're indicating, so go ahead.

Yeah, we put up A11. So there's the Jubail Industrial City in Eastern Province in Saudi Arabia. There's a major industrial hub there, partly owned by Cebic, which is a Saudi-owned company, and it's been hit,

and it is on fire, and it is extraordinarily central to Saudi Arabia's economy, and Saudi Arabia's economy is extraordinarily central to the Western economy, and to the global economy. As Drabza writes, Al-Jubeil is one of the world's largest industrial cities and a core pillar of Saudi Arabia's petrochemical economy. You add this to Iran's petrochemical industry getting hit yesterday. So this

is a retaliation for Israel and the US hitting Iran's petrochemical production facilities. I've seen estimates as high as 20% of the petrochemical production in the world. And so we're talking about everything. So you got plastic pipes, connect, the piping of civilization, that's where these are made. Everything in a hospital, pretty much. And what am I doing? I don't need to explain to you how important plastic is

and these polymers are to the underpinning of the entire economy. Somebody needs to explain it, perhaps to Trump. I think everybody watching this basically understand it. Just look around you. The entire underpinnings of our civilization as it exists

run through these production facilities. And you say, oh, well, 20%, that's not so much. We still got the other 80%. Like that's not exactly how it works.

Everything seizes up.

You've got, as a business, export import business, That's not how it works. Everything seizes up. As a business, export-import business, you've got your supply lines. All of a sudden, you no longer have those. You then collapse. You were a node. You don't exist on an island either.

Your business was a node for other businesses. That collapses. And so you don't just get the kind of violent combustion of the petrochemical industry. You get the slow collapse of bankruptcies of companies throughout the world. And then like, okay, well, we need financing

to get this going again. Well, who do we go to whenever you need financing? We go to the Gulf. And the Gulf says, wait a minute, and I reported this on Sunday, wait a minute, we don't actually have the money. We're reviewing all of our deals. So the financing that we were able to make before, we cannot make.

Now, if you want to pay us a much higher premium, obviously, we still have some money. They're extraordinarily wealthy. They've got sovereign wealth funds worth trillions of dollars or whatever, hundreds of billions at least. But is it trillions?

I think it actually is trillions. But instead of 3, 4%, we're gonna need 8, 9%. And instead of this being silent partners, we're gonna be active partners here. So that's the petrochemical industry and the refining process.

We can put up A12. So in the UAE, you have, so finally, so this is coming from Sentinel-2. The US is doing its absolute best to make sure that satellite imagery is not circulating to Americans to see what's happening.

So Adnok is one of the UAE's main kind of oil companies. This one here is the Asab oil field. So this is an image that our team took before and after April 5th. Before, on the screen here, it's on the right, that's the before. That's what a refinery, that's what you want it to look like. On the left there, that's what it looks like now. That's what you don't want it to look like. That's not

the only one that was hit in the UAE. And so Kuwait is getting absolutely blasted. The refineries and now, for the United States and Israel to respond by hitting Karg Island and also, what's it called, Pars oil field.

Pars field, which Israel hit yesterday.

Right, so Iran is now saying the restraints are off. So what we just showed you is damage done

to the Gulf economy with the restraints on.

Yes.

Now they're saying the restraints are coming off. Well, let's get into that. So the IRGC announced earlier today that after the strikes on Karg Island that all of the strikes, all of their prior restraint and red lines

on energy infrastructure will be put away. There's also this element, guys, I sent it and let's put it in post, is that Israeli media is reporting that attacks on Iranian railway tracks appear to have isolated Tehran from the rest of the country, a step, quote, that will help protesters

take to the streets if needed. Some 10 different railway sections have been struck. Now, you could read that the way you want it to. You could also read it as, now we can starve the entire population of the capital city because no infrastructure, food, or anything

can get on its way. And if we bomb all of the bridges and the power plants, then we're gonna have mass chaos and no way for any of those people to get out. So you choose the way that you would want to read that one. I think I'll probably read it in the latter,

but you can see very clearly, Israel actually issued yesterday, ironically, a message to the people of Iran. They said, please stay off of the railway tracks. Of course, Iran has no internet and hasn't had internet for a month.

And so, oh, and the message, I think, was put out, well, at least one part of it was in English. So, okay, was it intended for the Iranian people or was it intended for the Western media to say, oh, wow, thank you so much for putting that out there? The intent nonetheless is the same. They're disguising it either under regime change and or regime collapse.

Regime collapse is what their modal outcome is what they would like to see in this. And so, I mean, all you can say from the strikes so far is this is a preview of where things are going. It can get a hell of a lot worse. As Trump has said, civilization will die tonight. But the retaliation from Iran, these are people who have dug missile cities out

after they've been bombed. They've proven extraordinarily resilient. They studied the United States. They've been able to shot down an F-15. They clipped an F-35, they shot down two different A-10s, they have struck refueling tankers via

their proxies, the Houthis are sitting there, who knows if they're going to enter the war after what happens tonight, if it does happen, what that will all look like. And the IRGC is taking saying that we're going to their power plants and the power plants and the desalination plants. And then you have the Qatari, I believe the prime minister this morning, or the president, whatever, their ruler, saying this morning, we are at the tipping point

for the region, entire region, from spinning out of control. So the signs are all there. You can all see it. And what we saw may be extremely tame from what we will see sometime in the future. I also think it might be worth noting, why don't you talk while I look at what's going on

with the oil markets as a result of this. And so the final thing to think about is where we are in this process. So we talked at the very top of the block that the US keeps pushing for a temporary ceasefire. And that appears to be because the US and Israel

are both exhausted because they are not built for this type of what is now becoming long-term. Like they're built for this shock and awe, you know, two or three days. The one aircraft carrier group is already offline. The Ford had to depart the entire battle space.

We have lost, you know, significant numbers, you know, amounts of equipment entire battle space. We have lost significant numbers, amounts of equipment on the ground. We have fired off extraordinary amounts of our both defensive and offensive munitions. And in general, aircraft being deployed at this pace require maintenance.

You can't just constantly run these things. And so the US is hoping for some kind of stop down where they can kind of, you know, you got to change oil, got to change tires. You got to get these things up and going again. We are reaching the actual physical limits of American capacity. And so that could have something to do with why the president is rationing things up to 11 at this point

because we can't actually go on forever like this. And as long as Iran can maintain quote unquote control of the straight, which means as long as they can maintain kind of quote-unquote control of the strait, which means as long as they have a drone somewhere in Iran that is capable of reaching that area, ships can't get the insurance to go through. Like that one $20,000 drone, one theoretical potential $20,000 drone is all we're talking about. And Iran has not yet used, has used a few of its hypersonic,

you know, most sophisticated ballistic missiles, but has held those back. So at the exact same time that the Israelis and the Americans are depleted, Iranians, yes, are smashed into oblivion, but still have countless numbers of hypersonic missiles that

have even more sophisticated targeting capacity than the ones they've been using to date. And if you push this war beyond where we are now, and they also have the entire backbone of the economy in this small area, I don't think people have like absorbed where this goes. It's very COVIDian in that sense. And think about who cares more? Like the I

think it's the Greeks who say a wet man's not afraid of the rain.

Iran has been getting smashed by sanctions for decades.

And so you can make them more miserable. They already have a currency that's worthless, an economy that is grounded to dust.

So yeah, you can make them a little bit worse.

And you can bomb them.

And you can keep bombing them. The West, doing okay. Right. Or was, or is today. Like right now, as we sit here today, still okay. The hammer's coming, it's been swung, it hasn't hit the nail yet,

but we have a lot farther to fall. And so there's that asymmetric gap as well.

Right, and what level of pain do you wanna suffer? For what? Yeah, and for what reason pain do you wanna suffer? For what? Yeah, and for what reason, exactly. It's not like we're fighting World War II or something worthwhile. It's something, completely a war of choice.

It's unpopular. It's not what anybody wanted, what they voted based on, and it will go down. As I genuinely, look, I never thought I would see an Iraq event again. If we go through with this, it will be worse. I actually am convinced this will be worse.

And Professor Pape even said, like, this could be worse than Vietnam. You remember he said that to you. Vietnam, he's like, yeah, it was a tiny little country with no control over 20% of the world's oil. Now we've created an intolerable geopolitical situation Everybody involved from the Iranians to the US to the Gulf, which just means more and more and more full-blown total war

That's where yeah and Vietnam broke the back of the American economy brought in stagflation It broke the New Deal coalition apart. Yes Iran Iraq allowed China to spend 20 years investing in its own kind of development and while we you know burned trillions of dollars doing war.

And now we're gonna, I just finish ourselves off with this one.

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