In short
The episode argues that Donald Trump is “panicking” because Iran celebrated after signing a Memorandum of Understanding (MOU) that the hosts claim is non-binding until Trump’s Versailles signature. It says Iran’s President Pezeshkian and Iran’s lead negotiator M.B. Galibaf publicly frame the deal as a victory, claiming Iran gained “hundreds of times more” than war and that Iran will charge tolls for Strait of Hormuz maritime services after a 60-day no-charge period. Key claims include Article 5’s toll timeline, Iran’s control/administration role with Oman, and that Iran will not negotiate defensive capabilities. Notable examples cited: alleged tolling start, strikes during ceasefire (helicopter incident; warships; satellite imagery), and a March 1 Kuwait base friendly-fire story involving an F-5.
Guests
none mentioned in the transcript.
Written by AI. May contain mistakes. Listen to the episode to check what was said.
Chapters
Tap a time to open that second in VOTrump's Panic Over Iran's Victory
1:58 to 2:30
A detailed analysis of Trump's reaction to the Iran Memorandum of Understanding.
“The people who seem to get more done than everyone else, they're not working longer hours or running on more caffeine.”
Trump's Panic Over Iran's Victory
4:00 to 14:00
A detailed analysis of Trump's reaction to the Iran Memorandum of Understanding.
“And that's built into this memorandum of understanding.”
Trump's Changing Narrative on Energy Independence
14:00 to 15:20
Explore how Trump's statements on energy independence have evolved over time.
“We made this video at the Midas Touch Network showing what Donald Trump said on March 9th, 2026, April 1st, 2026, and then June 17th, 2026.”
Trump's Comments on Oil and Economic Stability
15:20 to 16:14
Analysis of Trump's remarks about oil reserves and the potential economic impact.
“We have tremendous oil and gas, much more than we need.”
Transcript
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3:00Ben Meiselas:Donald Trump is panicking as Iran is taking a victory lap following the official signing of the Memorandum of Understanding, despite Donald Trump and the Trump regime saying that the MOU was signed over the weekend. Apparently, that signature was non-binding. So Donald Trump went to Versailles, where he officially signed the Memorandum of Understanding on behalf of the United States. On the other hand, you had President Pazeshkian of Iran sign on behalf of Iran. Now Iran's foreign ministry and Iran's lead negotiator M.B. Galiboff are celebrating publicly, declaring this as a major victory. M.B.
3:48Ben Meiselas:Galiboff, the lead negotiator for Iran, is saying, had we not entered this deal, we were prepared to continue fighting and we believe we would have won. but we've achieved hundreds of times more what we could have won in war in this memorandum of understanding. And when you read the terms, as well as how Iran, with advisement from Oman, now controls the Strait of Hormuz and starting 60 days per paragraph five of the MOU into this memorandum of understanding coming into effect, which is the effective date today, Iran and Oman will be charging tolls. And that's built into this memorandum of understanding.
4:35Ben Meiselas:Let me show you the celebration that's taking place in Iran. And let me contrast it, of course, to what's going on in the United States. I mean, you've obviously seen that horrific and disturbing press conference that Donald Trump had at the G7 and on the tarmac in France. We brought you that. But earlier in the day, you had Donald Trump's communication director, Stephen Chung, attacking CNN when CNN posted verbatim the Memorandum of Understanding. Elena Trin posted the MOU, to which Stephen Chung said the following, The supposed text of the MOU that was obtained by CNN does not reflect the language of the actual MOU.
5:19Ben Meiselas:And this just goes to show you the Trump regime lies about literally everything. It was verbatim what the MOU said. And when we said what the MOU said, it's verbatim what went down. So moments ago, Donald Trump personally signed a copy of the agreement during his visit to Versailles. I mean, if that's not the symbolism, I don't know what else is. He's in like a golden palace while the American people are suffering while he signs terms of surrender after losing a war that he and Netanyahu should never have gotten involved in at all, then you have Iran's foreign ministry spokesperson sending out the following message.
6:02Ben Meiselas:Right now, as I'm speaking with you, the text of the Islamabad memorandum has probably reached the presidents of Iran and the United States for signature. It has been agreed that the Iran-U.S. memorandum will be signed digitally. Once the memorandum reaches the presidents of both countries for signature, any violation of it will carry a higher cost. Up to this moment, there had been plans for the negotiating teams to attend in Geneva or Brussels, but the signing of the memorandum will be done digitally and no signing ceremony will be held in Switzerland. That was from Tasnim, Iran's media agency.
6:38Ben Meiselas:Then Iran's MB Galabaf said the following, gave an interview, victory lap, celebrations taking place in Iran. God seems to have created Iran's enemies from among the foolish. Their actions have turned Iran's potential capacity in the Strait of Hormuz into an actualized one. Iran has sovereign rights in the Strait of Hormuz and naturally, we will charge fees in return for the services we provide. Notice his language right there. that America was so foolish. Our adversaries are so dumb. Their actions turned a potential capacity into a real one. We now control the Strait of Hormuz. What a victory for us, he's saying.
7:21Ben Meiselas:He goes on to say, the steadfastness of the Iranian people brought the world's most powerful armies to their knees. If there had been no negotiations, we would not have achieved our objectives. We gained through negotiations many times more than what we sought to achieve through military action. So much more that the two are not even comparable. We got so much more in the negotiations than what we could have got in war. I mean, we still would have won the war, but we got so much more in this deal. The difference between the current negotiations and previous rounds is that today, the knowledge and achievements of victory on the battlefield serve as the backing for diplomacy.
8:03Ben Meiselas:In negotiations conducted as a form of struggle, There is neither surrender nor empty sloganeering. During the war, I posted on Twitter that the Strait of Hormuz would never return to its previous conditions, and that remains true today. However, this does not mean that we intend to act in the Strait of Hormuz contrary to international law or maritime regulations. Never. We will act within the framework of international law. Then while that interview was taking place, Iranian TV were airing the F-5 jet pilots from Iran who hit a United States military base in Kuwait on March 1st. They flew in total radio silence, bypassed other targets.
8:43Ben Meiselas:When the Kuwaiti army went to go after the F-5, they were mistaken and they hit the US F-15E. And that's when there was the friendly fire incident at the very beginning of the war. You remember that? That's what went down. Meanwhile, Goluboff goes on to say, Once the ceasefire came into effect, you saw that the enemy carried out actions in the Persian Gulf, and we immediately responded. The latest example was the incident involving the American helicopter. In addition, two enemy warships that were attempting to pass through the Strait of Hormuz were struck and suffered extensive fires, a matter that satellite imagery also confirmed.
9:20Ben Meiselas:On the other hand, any airport in any country from which enemy fighter jets took off was targeted. All of these events occurred while we were simultaneously engaged in negotiations. And Lebanon is part of the resistance front. Under the agreement, Iran supports the resistance front while the United States is a supporter and ally of the Israeli regime. Therefore, it is natural that when a ceasefire is established, it must be respected on all fronts, especially in Lebanon. I must thank the dear people of Lebanon, particularly the Shiites and Hezbollah, who stood up during the U.S. and Israeli aggression against Iran and sacrificed nearly 4 ,000 martyrs.
9:54Ben Meiselas:While we were under a ceasefire, they continued fighting and continued to suffer casualties. When the Israeli regime targeted Daya, we threatened the United States and issued an ultimatum that our demands had to be accepted. Otherwise, we would respond. Trump was compelled to post on social media and tell Netanyahu that the attacks had to stop and that Daya can no longer be targeted. Not only, by the way, though, did I not volunteer to join the negotiating team, Goluboff says, but I was actually reluctant to do so before accepting responsibility for the negotiations. I did everything I could to avoid having this responsibility assigned to me.
10:29Ben Meiselas:One of the reasons I did not want to accept this responsibility was that Donald Trump was the planner, commander, and overseer of the assassination of Qasem Soleimani. General Soleimani was dear to the entire Islamic world, but he was certainly different for me on a personal level. Do you think it is easy for me to sit down and finalize text with such a person. However, when I saw that none of the officials proposed anyone else and that my own suggestions were not accepted, I had to carry out the duty that had been assigned to me. We are not meant to do only that which we like. Rather, we must do what our duty requires of us.
11:05Ben Meiselas:My pessimism and distrust towards the United States is greater than anyone else. As a result, even if there is this final agreement and it's approved by the United Nations Security Council, it is still not trustworthy. Our guarantee will be Iran's power. Meanwhile, Goluboff claims that payment for maritime services in the Strait of Hormuz, it's embedded in the MOU. His argument is that the coastal states possess sovereign rights and responsibilities under international law, and that Iran will naturally collect fees for services provided in the strait. If implemented, this would represent one of the most consequential long-term outterms of the crisis.
11:43Ben Meiselas:And he also argued that the same European countries that breached the JCPOA pushed for sanctions and supported listing the IRGC as a terrorist organization, that all of the European countries are now seeking negotiations with Iran over sanctions relief. Second, he claimed that security officials from some of those countries traveled by car to Tehran requesting talks. According to Ghalibaf, Iran's answer was simple. You call us terrorists. So what do you want from the terrorists now? The broader message he projects is that Iran's ultimate guarantee lies in its power, not in international agreements.
12:18Ben Meiselas:He's saying all the European countries, their foreign ministers are lined up to cut deals with Iran. He's like, all right, we were your terrorists yesterday. Now that we stood up to the United States, you want to do deals with us? Tell me, what should the terrorists do to help you right now. And then folks, just so you can see for yourself what Article 5 of the MOU says, and that it allows Iran and Oman to shut down the Strait of Hormuz after 60 days in charge phase, here's what it says. Upon the signing of this MOU, the Islamic Republic of Iran will make arrangements using its best efforts for the safe passage of commercial vessels with no charge for 60 days only from the Persian Gulf to the Sea of Oman and vice versa.
13:00Ben Meiselas:For 60 days only. The traffic of commercial vessels will immediately start and considering the need for removing the technical and military obstacles and demining by the Islamic Republic of Iran will be instated within 30 days. The Islamic Republic of Iran will conduct dialogue with the Sultanate of Oman to define the future administration and maritime services of the Strait of Hormuz in discussion with other Persian Gulf states in line with the applicable international law and the sovereign rights of coastal states of the Strait of Hormuz. So it's just no charge for 60 days and then they can do charges.
13:36Ben Meiselas:I'm just reading you the language. So there's no dispute about what happened. Before the war, there was no charge. After the war, there is now a charge. Iran's foreign ministry spokesperson said the following as well. Our missiles are meant to be fired, not negotiated over. Our missiles don't even like being talked about. Iran's defensive capabilities will not be discussed in any process with any party. Now, I'll leave you with this. We made this video at the Midas Touch Network showing what Donald Trump said on March 9th, 2026, April 1st, 2026, and then June 17th, 2026. Before, he was saying, we're so energy independent, we don't need the Strait of Hormuz.
14:17Ben Meiselas:But now Donald Trump is saying, had we not entered into this deal in the next four weeks, so what we've been saying on the Midas Touch Network, this is what we've been warning about, all of the oil reserves would be depleted and we would be in a massive economic Great Depression. And I know for most American people, you're like, wait a minute, I'm in one now because of this regime. Yeah. And that's what Trump failed to see. He got us involved in a catastrophic and unlawful war that we shouldn't have been involved in. And now when you break things, you have to fix it. This is a document of surrender because the United States lost.
14:52Ben Meiselas:Donald Trump got involved in a catastrophic and unlawful war. The American people are the one who have to suffer right now as a result of having someone like Donald Trump who is incapable and such a malignant narcissist of doing the most basic, basic things. A real menace, a real, real menace to the world. One of the, perhaps the biggest menaces in the history of humankind. Here's what Trump said, let's play it. It doesn't really affect us. We have so much oil. We have tremendous oil and gas, much more than we need. We're now totally independent of the Middle East and yet we are there to help.
15:33We don't have to be there. We don't need their oil. We don't need anything they have. I'm going to get bad press. I know that now if I did the opposite if I went out and Continued to bomb them for another floor just bomb the hell out of them I get bad press on that. No, there's nothing I can do But what this does is it allows the ships to go if we so if we keep bombing those ships won't be going and you're talking about 500 600 700 million dollars a day. It's a lot of money a lot of money That's why the world is okay. It's liquid. It's fine And also, we run out of reserves in about four weeks.
16:10You know, there are reserves all over the world and we would really run out. And there'll be a time when you wouldn't be able to get it. And you want to see Bedlam? So for all those so-called geniuses that want to show me how smart they are.
16:21Ben Meiselas:Well, there you have it, folks. Let me know what you think. Hit subscribe. Let's get to 7 million subscribers. Want to stay plugged in? Become a subscriber to our sub stack at MidasPlus.com. You'll get daily recaps from Ron Filipkowski, ad-free episodes of our podcast, and more exclusive content only available at MidasPlus.com.
From the publisher
MeidasTouch host Ben Meiselas reports on Donald Trump panicking as he surrenders in the war with Iran and Iran takes a victory lap.
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