Quote · The MeidasTouch Podcast
Iran's Red Sea Threat Raises Stakes for Trump
Where this was said
Oil Crack Spreads Hit Historic Highs, Fuel Shortages Imminent
At 9:55 · chapter starts 9:20
Ben Meiselas pivots to the economic consequences, explaining a concept he says he has been warning about for weeks: crack spreads. The crack spread — the difference between the price of crude oil and refined petroleum products — has hit $68 per barrel, described as near the highest ever recorded [1] — Ben Meiselas "The oil crack spread has hit $68 per barrel — near a historic high — while crude oil is approaching $90 per barrel. When both the raw crude…" 09:13 . Crude oil itself has already passed $80 and Meiselas predicts it will reach approximately $90 per barrel within 48 hours. Critically, both figures are rising at the same time, compounding the signal of incoming supply shortages. Meiselas emphasizes that this is particularly dangerous for diesel supplies, which underpin freight, agriculture, and industrial activity. The takeaway: the Strait of Hormuz shutdown is already translating into economic damage inside the United States.
Ben Meiselas predicted crude oil prices would hit approximately $90 per barrel within 48 hours, having already passed $80, driven by the conflict in the Strait of Hormuz.
Trump told Fox News that Iranian officials — spoken to just an hour before the interview — want to make a deal, claiming 'they don't wanna die.' Iran's government simultaneously and flatly denied any interest in negotiations, creating a stark public contradiction.
