BONUS POD: Closed? Not Even Close—Oil Keeps Moving, but So Do Red Flags
Verdict with Ted Cruz
iHeartPodcasts
4.6 • 43.4K Ratings
🗓️ 23 June 2026
⏱️ 16 minutes
🔗️ Recording | Apple Podcasts | RSS
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Summary
1. Strait of Hormuz Situation
- Iran claimed multiple times that it has closed the Strait of Hormuz.
- However, actual shipping traffic continued, including oil and LNG tankers.
- U.S. Central Command (CENTCOM) stated:
- Iran does not control the strait
- Passage remains open and monitored
- Data cited:
- ~55 merchant ships transit per day
- ~17 million barrels of oil moving through
2. Maritime Risk & Behavior
- Ships are:
- Turning off AIS tracking systems for safety
- Operating cautiously due to military tensions
- Traffic has:
- Fluctuated (e.g., 26 ships one day → 5 the next)
- Not returned to “normal pre-conflict levels”
3. U.S.–Iran Negotiations (MoU)
- A Memorandum of Understanding (MoU) has been signed:
- Covers nuclear issues, sanctions, and broader conflict
- Includes:
- Potential release of frozen Iranian funds
- Conditional progress requirements
Key issue:
- Concern over how Iran will use funds
- Oversight mechanism proposed via Qatar
- Funds may be used for:
- Food purchases (e.g., American soybeans)
4. Nuclear Program Concerns
- Iran has:
- Agreed (in principle) to allow inspectors
- But:
- U.S. officials express skepticism
- Historical distrust is repeatedly emphasized
5. Economic Implications
- Oil prices:
- Declining (~$74/barrel) due to optimism
- Markets:
- Near record highs
- Strait stability is linked directly to:
- Global energy supply
- Economic stability
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Transcript
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| 0:00.0 | This is an I-Heart podcast. |
| 0:02.6 | Guaranteed Human. |
| 0:04.7 | Can you ensure that the Iranians won't use profits from oil sales to rebuild their military? |
| 0:09.6 | Well, they're not supposed to be doing that, so I will say, but they're supposed to use money to buy food for their people, |
| 0:15.0 | because right now their people are very hungry, and they're buying it exclusively from us. |
| 0:19.7 | Corn, soybeans. |
| 0:22.4 | It should be a lot of money. I hope it's a lot of money. If they're buying it exclusively from us corn soybeans and there should be a lot of money i hope it's a lot of money you're listening to the 47 morning update with ben ferguson good |
| 0:28.8 | tuesday morning nice to have you with us on the 47 morning update we've got a major update on |
| 0:34.0 | iran including the fact that iran may be buying American soybeans with unfrozen |
| 0:39.4 | funds. Plus, Australia of them Hormuz is actually still open. So where are we right now? |
| 0:45.2 | We break it down for you. Now, before we get to that, I want to talk to you about how you can have a |
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| 1:24.0 | needs to reach her God-given potential. |
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| 1:34.3 | That's the power of compassion, and it's something I'm trying to teach my children about |
| 1:38.7 | as well. |
| 1:39.9 | Now, the light of Christ shines on all of us, and you can feel this for yourself and for your children. |
... |
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