Please find attached our mid-Trump-Xi note, that attempts to cover the arc of the China energy challenge in the Age of Hormuz, mid-summit. History in the making. Hope you enjoy reading it as much as I enjoyed writing it. Paul Morelia, Michoacán, Mexico, 5/14/26
Greetings, The situation in Gulf War III is actually normalizing. The problem however, is that the “new normal” is total Iranian control of both the Strait of Hormuz, and likely the Bab El Mandeb. There is increasing recognition that with Netanyahu strengthened in Israeli domestic politics by Gulf War III (war approval is ~85%), and President Trump weakened — facing a 59% overall disapproval rating and 64% disapproval on his handling of the conflict—the main …
Link to Frank Kelly Happy Hour yesterday, quite a few client questions. The biggest question Frank was getting on the road marketing before the call? This is all related to Epstein, right? No plan, no military solution, no end in sight. Major focus as we highlighted yesterday on China Xi meeting Trump 31st March. Bessent was apparently meeting the Chinese in Europe yesterday. https://analysthub.zoom.us/rec/share/ns5qhv5Q6IdgDAGX6A0OAldpM6wAfbdNbhzbEKDOrYIOgCNoWfAatLeG-RHKqebq.vQuxUSl5WKR5iIWR