Rattle

Disaster Capitalism in Haiti Gives a Glimpse Into the Imperialist Shock Doctrine That Could Rattle Venezuela Long After the Earthquakes

A UN peacekeeping truck in Haiti following the 2010 Earthquake. (Wikimedia Commons)

The U.S. has attacked Venezuela through various means for decades and kidnapped President Maduro but is now claiming to assist with earthquake relief. If it’s role in Haiti is any guide, that so-called aid from the U.S. is a Trojan Horse bringing more plunder and control.

For decades, the U.S. has waged a carefully planned and unrelenting attack on Venezuela’s economy using unilateral coercive measures, commonly known as economic sanctions, to destabilize and destroy the country’s socialist Bolivarian government. Though the earthquakes that devastated the nation were not caused by the U.S., the destabilization of the Venezuelan government, economy, and infrastructure was. The damage from those sanctions was so pervasive that any natural disaster large enough would be catastrophic, leading to foreign aid being used not only to produce enormous capitalist profits for foreign interests but also to bring the country more firmly under U.S. control. This is the situation Venezuela faces today.

George W. Bush imposed the first coercive measures against Venezuela in 2006. Democratically elected President Hugo Chávez had the nerve to criticize the U.S. for its bloodthirsty response to 9/11 and refused to support or participate in the U.S. sham counterterrorism efforts. Chávez did so in a very public and embarrassing way for Bush, as he declared from the lectern at the United Nations that George W. Bush was the devil, and that the podium that Bush had just delivered his own remarks from still smelled like sulfur. Bush responded by declaring Venezuela a state sponsor of terror along with Cuba and Iran (notice a pattern here). Bush also claimed that Venezuela refused to adhere to international counternarcotics agreements, breathing life into the claim that the Bolivarian government was a sponsor of narcoterrorism. But even before that, in 2004, Bush restricted non-humanitarian aid to the country, claiming they weren’t doing enough to stop human trafficking. Bush did all of this after the failed U.S.-backed coup against Chávez in 2002 that was tied to his administration. 

The aggression toward Venezuela did not end with the Bush presidency. In December 2014, Obama signed the Venezuela Defense of Human Rights and Civil Society Act after U.S. intelligence agencies and the Department of State claimed that the Venezuelan government was committing human rights abuses against government opposition members. This was done in response to the Maduro government charging opposition members with engaging in conspiracies to overthrow him. Obama imposed sanctions on seven Venezuelan officials, and in  March 2015, he issued an Executive Order implementing these sanctions and expanded them to block their visas and freeze the U.S. property of the targets. Obama publicly declared Venezuela an “…extraordinary threat to the national security of the United States.” 

In response, President Maduro said in a nationally televised speech, “President Barack Obama, representing the U.S. imperialist elite, has personally decided to take on the task of defeating my government and intervening in Venezuela to control it.” One of the impacted Venezuelan officials, Diosdado Cabello, said, “What is being planned are attacks against our land, against our country, military attacks.” It took the U.S. a few years, but…

President Donald Trump imposed more, wider-reaching economic coercive measures in 2017 during his first term. In addition to recognizing unelected opposition figure Juan Guaido as president of Venezuela, Trump also sanctioned the state-run oil company PDVSA, denying the government access to U.S. financial markets. He froze PDVSA’s assets and finally imposed a near-complete economic embargo on the country. And in 2020, the Trump Justice Department indicted President Maduro on charging the president and 14 others with narcoterrorism, conspiracy to import cocaine, and gun charges. It also accused him of coordinating with the leftist guerrilla peasant militia Fuerzas Armadas Revolucionarias de Colombia (FARC), or Revolutionary Armed Forces of Colombia. Founded as the military wing of the Colombian Communist Party, which sought to redistribute land and resources that the Colombian government denied to the desperately poor peasants in rural areas. After years of fighting with the government, FARC was officially dissolved in the 2016 Peace Accord with the Colombian government. They are now a legal left-wing political party, initially called the Common Alternative Revolutionary Force and later renamed the Comunes (Commons). Trump then issued a $15 million bounty for information leading to Maduro’s arrest. Not to be outdone in attempting to enact regime change in Venezuela, President Joe Biden doubled the bounty to $25 million, with no additional indictments added.

The measures barred Venezuela from importing equipment, spare parts, and industrial chemicals to maintain its oil production facilities and shipping capabilities. Oil infrastructure across the country deteriorated, and oil production was driven far below the previous 3 billion barrels a day at its 2008 height to barely above 300,000 barrels a day.  

While many people accurately note that the U.S. is after control of Venezuela’s enormous oil reserves, the country’s mineral wealth is also crucial to the U.S. and much of the world, as it includes bauxite and rare earth minerals critical for weapons systems, satellite manufacturing, and AI technologies. When we consider the struggle we are engaging in to stop the proliferation of these technologies from being used to violate our privacy, whatever freedom we have left, our environment, and our very lives, consider that the U.S. pursuit of these materials has already directly caused the instability, suffering, worsened health outcomes, and deaths of tens of thousands of Venezuelans.

Venezuela relies largely on oil exports to fund its public sector commitments; the collapse of oil exports crippled its primary source of public revenue, making it impossible to import essential goods like food and medicine. The Center for Economic and Policy Research (CEPR) estimated that 40,000 Venezuelans died due to economic coercive measures between 2018 and 2019 alone. Former U.S. Special Rapporteur Alfred de Zayas estimated the deaths to have been over 100,000 by 2020. But this is neither unexpected nor unwanted by the U.S. government. Economic sanctions are designed to cause so much hardship for the people of a country that they will rise up in frustration and anger at their own government. U.S. officials understood that imposing economic sanctions on the country would prevent it from importing not just materials to maintain the oil sector but also necessities for the Venezuelan people, such as food, medicine, fuel, and even toilet paper. But public infrastructure, from hospitals and office buildings to apartment buildings and water systems, also fell into disrepair as materials needed to maintain it could not be imported due to sanctions. With the physical buildings weakened, the country was far more vulnerable to disasters like the June 2026 earthquakes than it would have been had the sanctions not been in place.

By the time Trump returned to the White House in 2024, despite the immense damage already done to the country’s economy and infrastructure, they had not done what successive U.S. presidents wanted: to bring about the collapse of the Bolivarian government in Venezuela. Trump imposed more measures after his return to office, doubled Biden’s bounty increase on Maduro to $50 million, and eventually carried out the violent kidnapping of President Nicholas Maduro and First Combatant Cilia Flores in the pre-dawn hours of January 3, 2026, with the help of the Navy and Marines of the Southern US Command (SOUTHCOM), which also carried out the indiscriminate murders of Caribbean fisherfolk in the months prior to the kidnapping. The bounty was never paid to anyone. He also added to the original 2020 indictment against Maduro by adding his now-kidnapped wife and National Assemblywoman Flores, and adding charges of “…narco-terrorism conspiracy, cocaine importation conspiracy, possession of machine guns and destructive devices, and conspiracy to possess machine guns and destructive devices against the United States.” They are both held in separate solitary confinement cells in the Metropolitan Detention Center (MDC) in Brooklyn, NY, awaiting their sham trials.

It is an obscenity that the same SOUTHCOM is now deploying forces to Caracas to provide post-disaster air traffic and airport support. But it is a greater crime that the U.S. has positioned itself and its interests to finally get what it wants – control of Venezuela’s oil and minerals sectors and eventual privatization of public services that define the Socialist Bolivarian government – even if it is a natural disaster that provides them the perfect opportunity to achieve it. This, after expropriating Venezuela’s oil industry and profiting from selling the stolen crude, Trump sending a measly $150 million in “aid” to the country he stole their sovereign materials from is a settler colonial level insult.

This is “disaster capitalism,” popularized by Naomi Klein in her book The Shock Doctrine, but a well-documented aspect of imperialist plunder. In the process of imposing economic shocks through sanctions by an external entity or through the implementation of neoliberal policies internally, Klein explains how governments and corporations exploit the shock of an unplanned, catastrophic event to impose radical, wholesale austerity and control. Disaster response becomes the vehicle for enormous foreign investment and development, foreign control of that development, and ultimately the usurpation of the existing but weakened state in favor of the foreign governments and corporate interests behind the aid money. Economic policies that would be rejected under normal circumstances are more easily imposed on an already vulnerable state when that state and its people are rendered desperate by a natural disaster. 

The use of disaster relief as a Trojan Horse for neoliberal plunder and control after the 2010 earthquake in Haiti may give us a terrifying vision of what could be in store for Venezuela today.

The earthquake in Haiti was used as a pretext for the US to assert near-total control over the country’s recovery, if not the country itself, along with its foreign allies in the UN-imposed Core Group that governs the island nation. Aid and reconstruction, and the billions of dollars for it, were directed by those and other foreign governments and contractors, bypassing the Haitian state under then-president René Préval. International entities justified this by claiming Haiti was hopelessly corrupt. What they were, however, was in disarray after the earthquake destroyed much of the government’s infrastructure, including the National Assembly and the National Palace, and years of imperialist control usurped its sovereignty. 

But this excuse was needed to justify the Haitian government seeing very little of the billions of dollars pledged for relief and reconstruction. The Associated Press reported in 2013 that CEPR found that out of the $1.15 billion pledged, only 1% went to Haitian companies. They found instead that “…the ‘vast majority’ of the money it could follow went straight to U.S. companies or organizations, more than half in the Washington area alone.” And what was constructed was for the benefit of foreign corporate and Haitian comprador interests, who had the protection of the United States government to bend Haiti to all of their will.  

The $224 million Caracol Industrial Park, built with reconstruction funds allocated through the recovery mission co-chaired by former U.S. President Bill Clinton, is a continuing example of disaster capitalism and the nefarious ways that Western imperialists profit from natural and human catastrophe.

In 2011, scores of farmers and other residents were evicted from their fertile agricultural land, far from the impact zone, to make way for its construction. They were given little notice to leave and insufficient compensation. They fought for years to secure a reparations agreement with the Haitian government and the Inter-American Development Bank (IDB) in 2018, which included new land, jobs, equipment, and other compensation. Many finally received reimbursement in 2020, but not all, and not nearly enough for what was taken from them by the U.S., the IDB, and USAID, who were the major funders of the project. 

The park was designed to attract foreign garment companies with tax exemptions and cheap labor, as wages were promised to be kept as low as $1.75 a day. The garment companies did come, and the Clintons promised hundreds of thousands of jobs. But fewer than 10,000 were produced, and they were at the same low rate of less than $2.00 a day that Haitians had been fighting to raise for years before the earthquake against a small group of Haitian manufacturing, import/export, and political elites controlling the country’s existing manufacturing industries with the backing of the U.S. government. When the Haitian government passed a law in 2009 to raise the country’s minimum wage for garment workers to $3 a day and $5 a day for other sectors due to the people’s agitation, foreign companies and the Haitian elite colluded with the U.S. State Department and, with a study from USAID that said raising the minimum wage would make the garment sector economically unviable, successfully blocked the legislation. 

While Bill and Hillary Clinton have never admitted involvement in suppressing Haitian wages, Hillary Clinton was Secretary of State under President Barack Obama when the State Department cables that WikiLeaks published revealed the covert wage-suppression scheme that resulted in legislation being passed in the U.S. to favor the Haitian elite and foreign investors: the Haitian Hemispheric Opportunity through Partnership Encouragement (HOPE) Acts I & II. There was no way the Clintons were not involved, as it was the Clinton Foundation through which they did much of their work in Haiti, and Haitians hold them responsible for the abysmal outcome.

By the end of 2011, one year after the earthquake, most of the promised aid had not been disbursed, and what was went to projects unrelated to housing, feeding, or providing any aid or support to the displaced, like the Caracol Industrial Park.  The scandal was compounded by revelations that some major aid organizations achieved very little with the funds they received, so no one could really account for where the billions of dollars went, other than into the pockets of non-Haitians. 

Today, Haiti is still among the poorest countries in the world. Haitians have continued to protest not just against the minimum wage, but also the lack of sovereignty and human dignity imposed upon them as they endure a rise in U.S.-fueled gang violence, attacks on Haitian immigrants from this administration, continued control from the UN-appointed Core Group with no elected leadership chosen by them, and another UN invasion/intervention to quell unrest. 

This is the future that the U.S. wants for Venezuela. To make Venezuela like Haiti or something close to it, at least in the manner of creating a dismantled state that the U.S. can swoop into, plunder, and control. Although Haiti and Venezuela may not be perfectly similar in many ways, but the use of an earthquake to further imperialist takeover of a country already weakened by relentless Western hegemony in response to the successful liberation struggle of largely Afro-descendent and Indigenous peasantry to free themselves from European settler colonial domination and capitalist exploitation are complementary examples of how a natural disaster is be used to deepen imperialist control under the guise of aid, instead of the most powerful and wealthiest country in the world using that power and money to help suffering human beings. And then the same country calls those states failed, and demonizes the government and the people as immature, unable to govern themselves, and an example of the failures of socialism or communism.

As U.S. officials are on the ground in Venezuela openly “coordinating” with the Interim President Delcy Rodriguez, it must be understood that this is done with the threat of her own indictment and imprisonment on bogus charges of narcotrafficking, human rights abuses, corruption, or grave robbing, depending on how amusing the U.S. wants to be with the sham accusations over her head. 

And now, the U.S. is poised to use this unbelievably tragic disaster as an even bigger cudgel to force the Venezuelan state to concede much, much more, seizing this opportunity to tighten its control over the country’s oil and mineral resources, effectively absorbing it into the U.S. sphere of influence, to be used as a weapon against the rest of the U.S.’s designated enemies, Cuba, China, and Russia. Venezuela has had friendly relations with all of these countries, and all countries that the U.S. is also softening up with sanctions, embargoes, and threats of worse treatment. 

We must expand and deepen the struggle against the U.S. re-colonization of the Western Hemisphere and join our struggling brothers and sisters in the Global South for an end to imperialist aggression, hegemony, and gangsterism, and we must target the enemy in whose camp we reside with clarity and purpose.

Because natural disasters will never stop happening. But disaster capitalism never has to happen again.

Not if we destroy capitalism and the empires that are erected upon it.

Jacqueline Luqman is a radical activist based in Washington, D.C., as well as a co-founder of Luqman Nation, an independent Black media outlet available on YouTube (here and here) and Facebook.

The views expressed in this article are the author’s own and do not necessarily reflect those of the Venezuelanalysis editorial staff.

Source: Black Agenda Report

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Overnight Attacks Rattle U.S.-Iran Ceasefire (Updated)

U.S. President Donald Trump told reporters today that in the wake of overnight attacks between the U.S. and Iran, strikes on Iran will continue. Meanwhile, Iranian officials say they are “reviewing” whether to continue peace talks after one of the most serious exchanges of fire between the two nations since the April 8 ceasefire.

The latest round of attacks and counterattacks touched off after U.S. Central Command launched three waves of strikes on targets in southern Iran in retaliation for what Trump said was Iran’s downing of an AH-64 Apache helicopter, reportedly by an Iranian Shahed drone. Iran denied attacking the Apache. You can read more about that incident here.

Though damage assessments are still ongoing in the wake of Iranian missiles and drones launched across the Middle East overnight, a U.S. official told TWZ Wednesday morning that so far, there have been no injuries among U.S. personnel reported and no indication yet of any damage to American installations. That’s despite Iranian claims to the contrary.

“Iran launched multiple missiles and drones and just about all were intercepted according to initial reflections from assessments that are ongoing,” the official told us, speaking on condition of anonymity to discuss operational details. “No reports of harm to any U.S. personnel; not aware of any damage to our locations at this time.”

However, as we have noted in the past, similar U.S. assessments during the height of Epic Fury were later contradicted by reports of wide-spread damage from Iranian attacks.

Iranian officials said they again launched attacks on the U.S. Navy’s Fifth Fleet Headquarters in Manama, Bahrain, as well as Muwaffaq Salti Air Base in Jordan and targets in Kuwait.

Several videos emerging overnight claimed to show missile interceptions and explosions resulting from the latest Iranian kinetic actions.

Some showed missile interceptions over Muwaffaq Salti. As we have frequently noted, the base has been a major staging area for U.S. airpower in the region. It came under Iranian attack before the ceasefire, with an AN/TPY-2 missile defense radar there having been notably targeted.

Additional video shows what appears to be an explosion in the distance as viewed from a CCTV camera in Manama in the wake of a claimed Iranian missile launch at Fifth Fleet headquarters. The extent of the damage, if any, is unknown.

The Islamic Revolutionary Guard Corps (IRGC)-connected Tasnim News Agency also posted a video it claims shows an attack on the Fifth Fleet. The short video shows what appears to be an explosion in the distance and again, there is no way to tell what, if any damage, was caused.

The Kuwaiti Foreign Affairs Ministry condemned the latest Iranian strikes and said the nation “reserves its full right to take all necessary measures to preserve its security and defend its territories and vital facilities, in accordance with international law and the United Nations Charter.”

Iran said its latest volley of kinetic actions were in response to what U.S. officials say were strikes on 20 Iranian targets in response to the helicopter downing.

This latest flurry of strikes prompted comments about the future of diplomacy from both sides.

During a morning press conference, Trump said “we hit ’em hard yesterday, and we’re going to hit ’em again hard today, in case you miss it, in case you don’t turn on your television set, and we’ll see what happens with the deal.”

Earlier on Wednesday, Trump told Fox News that there may be additional U.S. attacks that focus on “Iranian power plants and bridges.”

The president’s comments to Fox follow statements he made on his social media outlet saying Iran has taken too long to agree to a peace deal.

“Iran’s Military is a complete and total mess,” Trump said on Truth Social. “Much of it, like their Navy and Air Force, doesn’t even exist anymore – They have been completely defeated. Iran is all talk and no action. The Bully of the Middle East is DEAD!!! They’ve taken too long to negotiate a deal that would have been great for them, now they will have to pay the price!!!”

Trump did not elaborate on what that price may be.

As we noted earlier in this story, Iran is reassessing the future of diplomatic negotiations aimed at ending the US-Israeli war against the country, according to the official Iranian IRNA news outlet.

“We have to review it,” Iranian Foreign Ministry spokesperson Esmaeil Baqaei told IRNA. “Diplomacy and the battlefield are not separate matters; rather, they run alongside and complement each other in safeguarding Iran’s interests and security.”

​Baqaei stressed that Iran’s military and diplomatic tracks operate in coordination.

“Wherever the Armed Forces deem it necessary, they respond to the enemy with authority and strength, and last night’s events showed that Iran’s brave Armed Forces do not hesitate in defending the country,” he posited.

Despite the flare-up in fighting and posturing by both sides, negotiations appear to be continuing.

“Following consultations with the United States, Qatari negotiators headed to Tehran this morning to meet with the Iranians in an attempt to bridge the remaining gaps,” CNN reported on its Arabic channel, citing a source. “The visit indicates that diplomacy remains active, despite an exchange of fire between Iran and the United States overnight—marking one of the most significant tests of the ceasefire to date. A US official told CNN that the United States believes these strikes will not derail the negotiations.”

At issue remains the future of Iran’s nuclear ambitions, the ongoing closure of the Strait of Hormuz, Tehran’s ballistic missile arsenal and support for proxies and the easing of U.S. sanctions. Whether the increased fighting between the two sides will derail these efforts remains an open question.

UPDATES

Iran claims it downed another U.S. MQ-9 Reaper drone overnight. While TWZ can’t verify that, we have noted that the loss of dozens of these drones to Iran and the Houthis have forced the U.S. Air Force to scramble for replacements.

A cargo ship came under small arms fire 88 nautical miles south of Balhaf, Yemen in the Gulf of Aden, according to the United Kingdom Maritime Trade Operations (UKMTO) monitoring organization.

“A cargo vessel has reported being approached by one craft with 6 armed persons onboard,” UKMTO explained. “There was an exchange of fire between the small craft and the cargo vessel’s Armed Security Team resulting in the small craft turning away. Authorities are investigating. Vessels are advised to transit with caution and report any suspicious activity to UKMTO.”

While details about who was involved are scant, this is the first attack in the region, near the Bab al-Mandeb Strait, since the Houthi rebels of Yemen threatened to shut the vital waterway down in support of Iran last week. You can read more about the implications of the Iranian proxy group closing the Strait on the U.S. military and the global economy in our prior reporting here.

In a post on X, CENTCOM on Wednesday announced it disabled an oil tanker trying to run the blockade of Iranian ports.

The incident took place at 11:14 p.m. on June 9, when a U.S. aircraft “fired precision munitions” into the engine room of the Palau-flagged M/T Settebello as it transited the Gulf of Oman.

The ship was attempting to transport oil from Iran, the command added.

In addition to the ships it disabled, CENTCOM said it has “redirected 134 ships that complied, and allowed 42 vessels supporting humanitarian aid to pass since initiating the blockade on April 13.”

You can read more about the other seven ships hit by CENTCOM here.

When it comes to the Strait of Hormuz and Gulf of Oman region, Trump took to social media to say the ongoing blockade of Iranian ports has devastated Tehran’s economy.

“The Fake News Media refuses to report how EFFECTIVE the U.S. Naval BLOCKADE is, the most successful Blockade in the history of Naval Warfare,” the president proclaimed on Truth Social. “NOTHING GETS THROUGH unless we want it to. IT IS A STEEL WALL! Iran is doing ZERO business, not paying their military, or any of their bills, and quickly becoming a FAILED NATION! Lots of oil is getting out. Praise be to Allah!”

However, in a post on X, the Windward trade intelligence group said that “five Iranian-trading [liquified petroleum gas] LPG carriers have broken the U.S. blockade on Iranian ports,” Windward stated. “Four discharged in India, one in Pakistan. All five used the same playbook, spoofing and AIS blackouts to mask loading and destination. Yet all signaled their exit and/or entry through Hormuz via AIS. Three were already U.S.-sanctioned. A fourth sanctioned June 6. Two operated under false flags, making them legally stateless.”

However, the crude oil blockade is holding, Windward added. 

“No Iran-trading VLCC tracked in Asia via Malacca, Sunda, or Lombok since May 4,” the organization noted.

U.S. Secretary of War Pete Hegseth is scheduled to visit CENTCOM headquarters in Tampa, Florida, today to discuss the ongoing situation with the head of that command, Adm. Brad Cooper, and engage with troops.

Despite efforts to quell the fighting between Israel and Hezbollah in southern Lebanon, the Israeli Air Force continues to strike targets in that country.

“Over the past day, the IDF struck Hezbollah infrastructure sites in the area of Tyre and in several areas in southern Lebanon,” the IDF stated on Telegram.

“In the area of Tyre, the IDF struck six infrastructure sites used by the Hezbollah terrorist organization to advance terror attacks against the State of Israel and IDF soldiers operating in southern Lebanon,” the IDF added. “Among the infrastructure struck was a site used by Hezbollah terrorists to launch explosive drones toward IDF soldiers.”

In southern Lebanon, “the IDF struck ready-to-use Launchers, terrorists who operated in the area in which IDF soldiers are operating, and additional terror infrastructure sites,” it claimed.

Hezbollah, meanwhile, attacked a gathering of Israeli troops with a missile, according to Tasnim.

The ongoing Israeli incursion into southern Lebanon and continuing presence in Syria has raised tensions with Turkey. Any direct conflict flaring up from the long-simmering animosity between two of the region’s most powerful militaries – though extremely unlikely – would be a far bigger deal than a dertailment of U.S.-Iran peace talks.

“We are fully aware of what the ultimate objective of the delusion of ‘Greater Israel’ is,” Turkish President Recep Tayyip Erdoğan said Wednesday, adding that Israel’s actions in Lebanon and Syria now threaten Turkey.

The Turkish leader’s statements sparked a harsh response from Netanyahu.

“The antisemitic tyrant Erdogan, who perpetrates genocide against the Kurds, supports the terrorist organization Hamas, oppresses his own people, and imprisons political rivals, is the last one who can preach morals to the State of Israel,” the Israeli leader retorted. “The State of Israel and the IDF, the most moral army in the world, will continue to act forcefully against Iran and its proxies that threaten the Middle East and the entire world.”

The latest events in the Mideast region show that there is no immediate end in sight to the hostilities and we will continue to monitor developments here given the ongoing impacts on the U.S. military and global economy.

UPDATE: 3:01 PM EDT –

Trump claimed the price of oil will fall because of how much has been secretly moved out of the region.

“We’re taking about millions of barrels of oil,” the president told reporters Wednesday afternoon.

On his Truth Social, Trump claimed that last month, he “directed our Great U.S. Military to execute a secret mission to support Oil Tankers and other Commercial Ships through the Strait of Hormuz.”

“Today, I am pleased to announce that this effort has resulted in more than 100 MILLION Barrels of Oil making its way through the Strait, and into the Open Market,” he added. “More than 200 Commercial Ships have safely traveled through the Strait. This wildly successful effort is because the UNITED STATES of AMERICA CONTROLS the Strait of Hormuz — NOT Iran. Their military is defeated, and their economy is lost. It’s over for Iran!”

However, TankerTrackers.com clarified that the president was referring not to Iranian oil, but Arab oil.

UPDATE: 3:39 PM EDT –

Hegseth thanked troops at CENTCOM headquarters in Tampa, Florida, for their efforts in the Middle East.

UPDATE: 4:12 PM EDT –

The Secretary-General of the International Maritime Organization (IMO) “has expressed deep concern and strong condemnation of the attack on the tanker MT Settebello,” according to the organization.

“I strongly condemn any act from any party that endangers the lives of seafarers and the safety of international shipping,” said Secretary-General Arsenio Dominguez. “This is simply unacceptable. My thoughts are with the families of the three missing seafarers and with all those awaiting news of the crew members.”

Two Indian seafarers died and one was reported missing after the attack, according to The Hindu.

Contact the author: howard@twz.com

Howard is a Senior Staff Writer for The War Zone, and a former Senior Managing Editor for Military Times. Prior to this, he covered military affairs for the Tampa Bay Times as a Senior Writer. Howard’s work has appeared in various publications including Yahoo News, RealClearDefense, and Air Force Times.




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Broken Spirit: Jet Fuel Surge, Iran War Rattle Airlines

Amid Spirit Airlines’ bankruptcy, airlines that were once confident in their financial resilience are now navigating a volatile geopolitical landscape.

The collapse of Spirit Airlines, the scrappy low-cost carrier, underscores the fragile economics of air travel amid $4-per-gallon jet fuel and high crude prices.

From Atlanta-based Delta Air Lines to Hong Kong-based Cathay Pacific, carriers are reassessing routes and fares as soaring fuel costs threaten profits, while the Iran war disrupts shipping through the Strait of Hormuz.

Airlines and investors had anticipated stable fuel costs in the second quarter, but analysts have had to adjust their outlooks. Forward-looking projections indicate fuel prices will remain above previous forecasts, a development that could continue to pressure airline profit margins and ticket pricing strategies.

“Fuel forward expectations for the second quarter haven’t changed, but what has changed are expectations for the rest of the year,” Matt Woodruff, head of aerospace and defense/transports at CreditSights, told Global Finance. “[Fuel prices] will be higher for longer than we were thinking a month or two ago.”

‘Good Aircraft’ Grounded

On April 23, former President Donald Trump publicly mused about rescuing Spirit Airlines, calling the carrier “virtually debt-free” and noting its “good aircraft, good assets.” He suggested buying the airline and potentially profiting when oil prices decline, adding, “I’d love to be able to save those jobs … I like having a lot of airlines, so it’s competitive.”

The plan never materialized, and Spirit shut down on May 3. Travelers remained stranded as jet fuel prices hit unprecedented highs amid the Iran war, now more than two months old.

“We regret to inform you that all Spirit Airlines flights have been canceled, effective immediately,” read a notice when opening the carrier’s app.

The ripple effects were felt beyond Dania Beach, Florida, where the airline is based. Spirit operated international flights throughout Latin America, the Caribbean, and Central America, including Colombia, Mexico, the Dominican Republic, Jamaica, Peru, Costa Rica, and Aruba. Its sudden closure left 17,000 direct and indirect employees without work.

The Trump administration and Treasury Secretary Scott Bessent quickly blamed Biden-era opposition to the much-debated Spirit/JetBlue Airways Corp. merger. The two carriers had a $3.8 billion deal in the works, which Bessent argued “would have given them much more resiliency.” Spirit filed for bankruptcy protection in November 2024, saddled with more than $2.5 billion in losses since 2020.

But no airline, not even one with low-cost appeal, is immune to the whims of the global oil market.

At the time of Spirit’s first bankruptcy under Biden, U.S. airlines were paying an average of $2.31 per gallon for jet fuel. Under Trump, that figure has nearly doubled, with the Argus US Jet Fuel Index reporting $4.26 per gallon as of May 4.

Consider the Warnings

Brent crude prices are hovering above $100 per barrel, while regional conflicts near the Strait of Hormuz—through which a significant share of the world’s oil passes—continue to heighten supply concerns.

Fuel is often the largest single operating expense for airlines. Delta Air Lines, for example, disclosed in a March filing that its 2025 fuel costs accounted for 31.3% of its operating expenses. The company noted that a one-cent increase in jet fuel adds about $40 million to its fuel tab for the year.

Delta paid $2.7 billion for fuel in the first quarter of 2026.

The airline produces some of its own jet fuel, which means it avoids paying full market prices for fuel conversion, shielding it from the worst of the “crack spread” costs, Woodruff said. “They’re getting a benefit relative to everyone else, but they’re still feeling it.”

Cuts are underway. Starting May 19, the company will no longer offer food or drinks on flights under 349 miles.

Other carriers are responding to the latest volatility by raising fares, canceling routes, rerouting aircraft to avoid restricted airspace, and reconsidering expansion plans. Airfares have increased five times since the war in Iran began, with a sixth hike underway late last month, according to the Wall Street Journal.

“The routes that aren’t doing well, those are going first,” Woodruff said. “Regional jets, for example, often don’t make much money — those are, for sure, a target.”

What’s Next

Spirit isn’t the only airline feeling the effects of this new norm. Its former suitor, JetBlue, is reevaluating routes that may no longer cover rising fuel, airport, and maintenance costs. Delta is canceling hundreds of flights, while international carriers — including Paris-based Air France, Cologne-based Lufthansa, and Cathay Pacific — are trimming routes to protect margins.

This shift stands in stark contrast to late 2024, when Delta CEO Ed Bastian welcomed the incoming Trump administration as a “breath of fresh air.” Through much of 2025, that optimism seemed justified, as major U.S. carriers forecast continued profitability into 2026.

And that might still be the case despite the war in Iran rattling global energy markets and upending long-held assumptions about fuel stability and travel demand.

Each airline is now telling a two-sided story about how robust demand is while also raising fares. United Airlines’ fare numbers, for example, will be 15% to 20% higher than last year. 

Whether consumers will tolerate such a price hike remains to be seen. “Ultimately, consumers are going to decide what they are willing to pay and what they aren’t, not a formula,” Southwest CEO Bob Jordan told reporters in April.

Chevron CEO Mike Wirth echoed the concern, telling CBS’s Face the Nation on April 23 that instability in the Strait of Hormuz was likely to continue driving up energy costs.

Even the forward fuel curves today indicate that, even if the war ended today, costs wouldn’t normalize until well into next year, Woodruff said.

By 2027, airlines expect to offset most, if not all, of the recent fuel cost increases through higher fares, he added. But that outlook assumes forward fuel prices in the first quarter of 2027 will be lower than they are today. If they’re not, carriers could continue to face significant financial pressure.

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