Something strange is happening to your money.

It wasn't voted on. It wasn't debated in the Senate. And most Americans have no idea it's even taking place but…

President Trump is replacing the U.S. dollar.

Not with crypto. Not with a digital currency. Something far bigger than that – and it's already been signed and sealed in the back rooms of D.C., ready to be issued by the U.S. Treasury.

Bypassing every legal and political channel under the guise of "national security," Trump has enacted this total money reset using a landmark executive order (1421).

Whether you’re a Democrat or Republican, whether you support this new money or not, it doesn't matter.

Soon, every U.S. citizen will be forced to use Trump's New Dollar to fill their gas tank, buy groceries, and pay medical bills.

Which is why I've produced a critical new documentary laying out exactly what Trump's New Dollar means for your savings, your investments, and your family's financial future.

Detailing three important steps you can take today to prepare – including the name of a core band of assets connected to Trump’s initiative that could surge as a result.

As you’ll see in my briefing, the last time America reset its money like this – under Richard Nixon’s presidency in the 1970s – it created one of the greatest wealth divides in the history of our nation.

On one side, it minted an average of 1,300 new millionaires a day for over half a century. And on the other… the folks left behind, drowning in debt, with no idea how to use America’s new money to create wealth.

As Trump rolls out his new dollar, the question is:

Which side will you be on?

Good investing,
Porter Stansberry

PS. If you’re wondering what Trump’s new money will look like, when it will be issued, what it means for your investments – all of those questions are answered in my briefing.

Wednesday, August 5, 2026

The pipeline works. The exit does not.

Saudi Arabia built the East-West Pipeline during the Iran-Iraq war. The year was 1981. Iraq was attacking tankers in the Persian Gulf, and Saudi Arabia needed a way to move oil without passing through the Strait of Hormuz.

The pipeline worked. It carries crude 750 miles west across the desert to Yanbu, a port on the Red Sea. Today it moves up to seven million barrels a day. If Iran closed the Strait of Hormuz, the bypass would be ready.

But the oil has nowhere to go when it gets there. Three physical ceilings stand between the pipeline and the open market. The Houthis, a militant group controlling western Yemen, just sealed the last exit.

The Petroline did not eliminate the chokepoint. It moved it. Oil flows west across the desert. It hits a port that cannot load fast enough. Then it faces a strait controlled by a hostile force. The last fallback, the SUMED pipeline through Egypt, has been running below capacity since April. Aramco produces 12.8 million barrels a day. Fewer than four million reach a paying customer.

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Here is the geography. Saudi oil fields sit on the east coast, along the Persian Gulf. The Petroline runs west across the peninsula to Yanbu, on the Red Sea. From Yanbu, tankers sail south through Bab el-Mandeb to reach Asia. Or they sail north through the Suez Canal to reach Europe.

The pipeline itself maxes out at seven million barrels per day. Saudi Arabia already converted a parallel gas line to hit that number. There is no third pipe. That is the first ceiling.

Yanbu port is the second. It handles about 4.5 million barrels per day under normal conditions. In wartime, with security delays and slower loading, throughput drops to roughly three million. The pipe delivers more than the port can ship. Oil backs up at the coast.

Observation: The pipeline's 7M bpd capacity exceeds Yanbu's wartime throughput of roughly 3M bpd.
Interpretation: The bottleneck is not the desert crossing. It is the loading dock. Every barrel above three million sits in storage at Yanbu with no ship to board.

On July 20, the Houthis declared a blockade of Saudi ports. Bab el-Mandeb is the narrow strait at the southern tip of the Red Sea, between Yemen and East Africa. Every tanker leaving Yanbu for Asia must pass through it.

Within a week, Yanbu loadings dropped 30 to 40 percent. Eleven tankers went dark at berth by July 26, switching off tracking signals. On July 25, Houthi missiles struck oil facilities near Jizan, while missiles targeting Yanbu were intercepted.

The blockade is selective. Chinese VLCCs have transited Bab el-Mandeb without being targeted. Most tankers cannot count on that exception. For the majority of traffic, the exit is sealed.

Observation: Yanbu loadings fell 30 to 40 percent in the week after the July 20 blockade declaration.
Interpretation: The third ceiling is not capacity. It is access. The port can load the oil. The ships cannot leave.

Tankers that cannot go south can turn north toward Suez. On the Mediterranean side sits the SUMED pipeline. It moves crude from the Red Sea coast to Mediterranean-bound ships. Its maximum capacity is 2.5 million barrels per day. It has run well below that limit since April. No expansion has been announced.

There is a second problem at Suez. VLCCs cannot transit the canal fully laden. They must short-load, carrying less oil per trip. Even the workaround has a ceiling.

The cost is steep. Routing around Africa adds 10 to 14 days to the voyage. That pushes per-barrel shipping costs up by about nine dollars. War risk premiums on tanker insurance have jumped from 0.3 percent of hull value to 0.7 to 1 percent.

Now add it up. Aramco produces 12.8 million barrels a day. The pipeline carries at most seven million west. The port loads about three million in wartime. The exit strait is blockaded. The fallback pipeline has spare capacity. Fewer than four million barrels per day reach a paying customer. That is less than 35 percent of production.

Observation: The SUMED pipeline has run well below its 2.5M bpd maximum since April, and VLCCs must short-load through Suez due to draft limits.
Interpretation: The last valve is not yet open all the way. There is spare capacity left in the system. Every barrel stranded at Yanbu stays stranded until the physical facts change.

Brent spiked to $70 on July 25. It settled back to roughly $65 to $70 by July 31. The price reflects uncertainty, not resolution. None of the three ceilings have moved.

The signals worth watching over the next few weeks: any SUMED capacity expansion announcement, the volume of dark tankers at Yanbu, and whether Brent re-tests $70 or settles into the $65 to $70 band.

One secondary clock is ticking. China has drawn down strategic petroleum reserves for months, with roughly four months of buffer remaining. If that drawdown accelerates, it will appear in Chinese import data before it shows up in price.

Kuwait and Qatar have no bypass pipeline at all. If this drags on, the Saudi bottleneck is the best-case scenario in the region.

The bypass works. The exit does not. Saudi oil is bottled on the Red Sea coast, and the ceilings are facts of concrete and steel that do not change in weeks.

Until next time,
The Navigator