Mike Baker

One giant gamble, and people will avoid this pretty easily.

Rich are smart enough to avoid paying much at all.

Many countries have tried wealth tax, as Andrew says, then scrapped them.

They repealed them because they didn't work.

It's Monday, the 22nd of June.

Now, for all you dads listening and watching the PDB in the U.S., I hope you had a most excellent Father's Day.

And here's, of course, to all the amazing moms who tolerate the dads.

Welcome to the President's Daily Brief.

I'm Mike Baker, your eyes and ears on the world stage.

All right, let's get briefed.

First up, Iran says the Strait of Hormuz is closed again.

Uh-oh, just days after signing a memorandum of understanding with the U.S.

And the key flashpoint continues to be Lebanon and Hezbollah, which is exactly what the Iranian regime intended when they insisted that Hezbollah be included as part of the MOU.

We'll look at why the fighting in Lebanon is threatening to derail the deal.

Later in the show, after more than 50 days of disruptive roadblocks and protests, Bolivia's president is escalating the government's response against deadly anti-government protests, deploying the military and declaring emergency powers to restore order.

Plus, Ukraine continues turning the screws on occupied Crimea, forcing Russian authorities to suspend civilian gasoline sales after a series of strikes targeting the fuel supplies across the peninsula.

And in today's Back of the Brief, relations between Poland and Ukraine hit another rough patch after President Zelensky returned the country's highest Polish honor in a dispute rooted all the way back in World War II.

But first, today's PDB Spotlight.

The U.S.-Iran Memorandum of Understanding is barely a week old, and it's already a Memorandum of Misunderstanding.

You see what I did there?