The David Lin Report · Wednesday, September 2, 2026
Josh Young dismisses recent US strikes on Iran as largely ineffectual, suggesting they are not the primary driver of oil price increases. He points to the increased severity of attacks by Iran's IRGC on tankers, with reports of more significant damage, as a key factor influencing the market.
“So, I'm American and I'm a patriot and it pains me to say this, but the American strikes look like they're mostly fake. And so I don't think the price is moving almost at all based on that.”
“The IRGC when they had been attacking these tankers that were going through that the US was guiding whatever they were mostly using drones and they were um less severely damaging these tankers. For the first time, I'm not sure if it's for the whole war effort or at least for the last, you know, little while, the IRGC actually used uh it was reported sort of like bigger missiles and I'm not sure whether they're air or, you know, air to water to torpedo whatever things uh but they were more much more significant and reportedly at least two tankers were severely damaged as a part of this.”