Brent Johnson believes it is very unlikely that the United States, Iran, or Israel will fully adhere to their respective commitments under the new Memorandum of Understanding.

Brent Johnson observes that over the last year, the "Law of One Price" for commodities has broken down, with prices for the same commodity diverging significantly based on geographic location.

Japan signed a large, long-term energy contract with the United States approximately 4-5 days prior to June 18th, 2026.

The Strait of Hormuz has been closed to traffic for three months due to the conflict between the U.S. and Iran.

Brent Johnson claims the recent conflict demonstrated that Russia and China will not militarily intervene to defend their ally, Iran.

Brent Johnson asserts that the recent conflict confirmed that Iran possesses missile technology capable of reaching Europe.

Brent Johnson's thesis is that the primary risk to the U.S. dollar's global dominance is a crisis caused by excessive strength, not a collapse from inflation.

Based on a 40-year study of 16 emerging markets, Brent Johnson claims that 75% of the time the U.S. dollar index moved outside a specific trading band, a sovereign dollar funding crisis occurred short...

Brent Johnson states that central bank gold purchases increased dramatically following the immobilization of Russian foreign reserves in 2022.

Brent Johnson predicts a potential food crisis in late 2026 or early 2027 due to disruptions in the supply of fertilizers and chemicals during the planting season.

Santiago Capital operates a private fund that invests in national defense, leveraging opportunities with the Office of Strategic Capital.

Brent Johnson identifies the Maintenance, Repair, and Overhaul (MRO) market for the aviation industry as a potential source of supply chain disruption, noting the Gulf region's importance to this sect...

Brent Johnson claims that metrics such as foreign exchange turnover, cross-border lending, and trade invoicing for the U.S. dollar are at all-time highs, contradicting the de-dollarization narrative.

According to Brent Johnson, foreign holdings of U.S. financial assets have almost doubled in the eight years since 2018.

Brent Johnson asserts that the United States has fundamentally shifted its foreign policy from a multilateral, 'rules-based order' to a bilateral, 'America First' strategy.

Brent Johnson believes the kinetic military conflict between the US and Iran is paused but not permanently over, and he expects it to resume within weeks or months.

Brent Johnson states that Gulf countries have strengthened their relationship with the United States as a result of the Iran conflict.

Brent Johnson claims that prior to the new agreement, China was purchasing Iranian oil on the black market at a 20% to 30% discount and paying in Chinese Yuan.

Brent Johnson predicts the full economic impact of the Strait of Hormuz closure will not be realized for another 3 to 9 months, likely in Q4 2026 and Q1 2027.

Brent Johnson predicts that the United States is more likely to transition from a republic to an empire to maintain its global dominance, rather than fall and be replaced by a new global power.