CONTROLLED: Trump's Kharg Island Strike Ends Iran's Oil Terror Premium
Mar 14, 2026
Promethean Updates
President Trump announces U.S. forces bombed military targets on Iran’s Kharg Island while leaving oil infrastructure intact, which Barbara Boyd argues reflects a doctrine and long-term strategy rather than instinct. She disputes claims of an imminent oil crisis, citing Treasury Secretary Scott Bessent that the Strait of Hormuz has not been mined, and says price spikes are driven by London’s insurance and spot markets, noting Lloyd’s of London negotiating after the U.S. created a vessel-insurance mechanism. Boyd frames the conflict as an effort to dismantle a 50-year financial empire tied to the petrodollar, oil speculation, and the “Iran Terror Premium,” which Peter Navarro estimates added $5–$15 per barrel and drained about $10 trillion over 25 years. She highlights preparations including energy independence, Russian oil positioning, the Abraham Accords, and a U.S.–Saudi civil nuclear cooperation agreement as part of a broader nuclear-focused development agenda.

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