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Iran Strikes Covert Missile Deal With Moscow In Backchannel Rearmament
Iran Strikes Covert Missile Deal With Moscow In Backchannel Rearmament
Iran is squarely in the Trump administration's crosshairs, and both Russia and China are to some degree coming to Tehran's aid with some significant arms deals meant to potentially stave off future attack.
Most significantly, the Financial Times is reporting that Russia will supply the Iranians with thousands of advanced shoulder-fired missiles in a deal worth 500 million Euros.
via ReutersIt's said to be part of a broader effort to rebuild Iran's air defenses, which were heavily destroyed and retarded by Israeli-US airstrikes in the last...
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Mar 29, 2026 / Tyler Durden
Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls
Global Demand Destruction: Subsidies, Empty Gas Stations, Rationing, Flight Cancelations, Export Limits, Price Controls
In the past two weeks we have discussed demand destruction as a result of soaring oil prices (here and here), and we are increasingly seeing anecdotal evidence of just that (here is a table from Goldman we showed previously, laying out where demand destruction is most acute).
We start, as always, with Asia which has emerged as ground zero of the global energy crisis - as a reminder last week we first presented a map by JPMorgan's...
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Apr 5, 2026 / Dave DeCamp
On Easter, Trump Demands Iran ‘Open the F*cking Strait’ or ‘Live in Hell’
President Trump issued a profanity-laden post on Truth Social on Easter Sunday, where he yet again threatened to unleash “hell” on the country of Iran if the Strait of Hormuz isn’t opened. “Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran. There will be nothing like it!!! Open […]
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Apr 10, 2026 / Tyler Durden
Half-Way Into Fiscal 2026, US Budget Deficit Is 11% Lower Than 2025, But It's About To Get Much Worse
Half-Way Into Fiscal 2026, US Budget Deficit Is 11% Lower Than 2025, But It's About To Get Much Worse
While not as dire as previous years, the US budget deficit remains a ticking time bomb.
There was some good news and some not so good news, when the Treasury reported the monthly revenue and outlays for the month of March.
First the good news: The US federal government reported that the March budget deficit rose $4 billion or 2% to $164.1 billion from $160.5 billion a year ago, and higher than the $153.3BN...
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