Author Archives: Yves Smith

Iran War: Oil Flirts With $100 as More Commercial Ships Hit, US Refueling Plane Downed, with Iraqi Militia Taking Credit; Demands for Hormuz Opening Intensify; Private Debt Wobbles Add to Market Pressure

Today’s Iran war update: markets stay edgy as Administration messaging becomes more hollow and more ships burn.

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Iran War: Iran Seeks Decolonization of Gulf Region; IEA Proposes Emergency Release of Reserves; Nuclear Strike Risk Assessment; Iran Escalates Strikes

Today’s Iran war update: the implications of Iran’s apparent demands, risk of a Israeli nuclear attack, and Iran’s kinetic escalation.

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Iran War: Administration Succeeds in Talking Down Oil Price to Below $100 as Trump Seeks Off Ramp to Opposition of Pentagon and Hawks; Iran Continues to Reject Talks, Announces Increase in Strikes, Pounds US Bases Into Dust

Trump succeeds in talking investors out of the tree even as Iran war fundamentals and his approval rating decay.

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Iran War: Oil Rises to Nearly $120, Stays Above $100 Despite G7 Plans for Reserves Release; Foreign Markets Swoon; Iran Increasing Intensity of Strikes, Targeting More Assets in the Gulf

Today’s Iran war update: even if Mr. Market makes Trump TACO, Iran is not likely to relent on its Strait closure soon and damage will compound.

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Iran War: More Trump Bluster as US and Israel Weapon Stocks Thin and Claims of Success Questioned; Report of Plans to Send Special Forces to Seize Nuclear Material Among Signs of US Troop Mobilization

This Iran war update focuses on US claims for damage done to Iran and its level of stockpiles versus available evidence.

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