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Iran Mocks Trump Over Hormuz

A pro-Iranian military commentary account on X posted an AI-generated video this week that worked through the entire list of leaders President Donald Trump had publicly begged for help — and dismissed each one.

French President Emmanuel Macron and UK Prime Minister Keir Starmer sing a children’s song. Japan’s prime minister and South Korea’s president do the same. Vladimir Putin and Kim Jong-un listen to rap. Then Trump delivers the punchline, crying out: “Why doesn’t anyone help me open the Hormuz?!” The clip carried a single caption: “Trump Asking For Help At #HormuzStrait Crisis!”

You can read more on the matter here.

What’s going on?

• OpenAI Abandons Own Data Center Plans, Reshuffles Stargate Leadership as Financing Falters (theDeepDive)

• Iran targets UAE energy infrastructure as gas field set ablaze, tanker struck near Strait of Hormuz (CNBC)

• Cuba’s Power Grid Collapses as Trump Threatens to ‘Take’ the Island (theDeepDive)

• Israel says two senior Iranian officials have been killed in blow to country’s leadership (Globe)

• Carney Government in Talks with Saskatchewan to Fast-Track Uranium Mining and Nuclear Energy Projects (theDeepDive)

• US counterterrorism chief quits over Iran war (FT)

• Trump Accidentally Promotes Newsom to President (theDeepDive)

• Canada electricity demand, natural gas production to accelerate by 2050, regulator says (Reuters)

• Orion Secures $2.2 Billion for Mining Fund as Critical Minerals Race Intensifies (theDeepDive)

What’s the latest?

• Real Estate: Canadian home sales fell 8.1% YoY and 1.3% MoM in February, with the national average price at $663,828 (−0.2% YoY). New listings dropped 3.9% MoM, leaving 151,850 homes on the market (+3.7% YoY but 12.3% below the long-term average). CREA says activity was slow early in the month but expects pent-up demand from first-time buyers to support sales in 2026.

• Commodities: U.S. diesel prices rose above $5/gal ($5.04) for the first time in 3+ years, up 34% since the U.S.–Israel strikes on Iran, as the war disrupted global oil supply. Gasoline averages $3.79/gal (+27%) and could reach $4, while oil prices have surged >40% with WTI ~$94 and Brent ~$101. The spike is linked to attacks on tankers in the Strait of Hormuz, which normally carries ~20% of global oil supply, raising transport costs across the economy.

• Markets: Markets rose despite the Iran conflict, with Canada’s S&P/TSX up 268.71 to 33,145.36 and U.S. indexes gaining (Dow +217.44 to 47,163.85; S&P 500 +42.34 to 6,741.72; Nasdaq +152.11 to 22,526.29). The Canadian dollar slipped to 72.99¢ USD (from 73.13¢), while oil rose to $93.38/barrel (+$0.92) and gold increased to $5,014.80/oz (+$12.90).

• Blockchain: Mastercard agreed to acquire stablecoin payments infrastructure firm BVNK for up to $1.8B (including $300M in contingent payments) to expand blockchain-based payments. BVNK’s platform supports stablecoin and fiat transfers across 130+ countries, enabling faster cross-border remittances, business payments, and payouts. The deal, expected to close before end-2026, strengthens Mastercard’s push into stablecoin and crypto infrastructure as it competes with Visa in digital payments.

• Energy: The Canada Energy Regulator projects electricity generation could rise 30% to 100% by 2050, partly driven by demand from AI data centres. Across four scenarios, wind power accounts for most new capacity additions, while crude oil output rises in the near term, peaking around 6.1M barrels/day by ~2040 before easing to ~5.9M bpd by 2050 under the current-policy scenario.

Gold Keeps Getting Revalued, i-80 Moves to Build

The stock market and stuff

• Cobalt Shortages to Persist Through 2030 as Congo Curbs Tighten Supply (theDeepDive)

• Samsung Adds Second Texas Chip Hub for AI and Auto Demand (theDeepDive)

• IBM Closes $11 Billion Deal for Confluent (WSJ)

• Glencore Taps Chinese Exchanges for Cobalt to Meet Supply Commitments (theDeepDive)

• Sangdong Tungsten Mine Restarts After 30 Years, Bolstering Global Supply Amid 557% Price Surge (theDeepDive)

In the juniors

• Antimony Resources Ramps Up Drilling As It Hires SRK For Maiden Resource Estimate (theDeepDive)

• Revival Gold Targets Underground Resource Growth With Drilling at Beartrack-Arnett Gold Project in Idaho (JMN)

• Troilus Secures Second Major Offtake Partner for Quebec Copper Project (theDeepDive)

FULL DISCLOSURE: Power Metallic is a client of Canacom Group, the parent company of The Deep Dive. Canacom Group is currently long the equity of Power Metallic. The author has been compensated to cover Power Metallic on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.