US lost nearly $2B worth of military equipment in first 4 days of strikes against Iran

Qatar Dethroned As 'LNG King' As U.S. Seizes Throne, Reshaping Future Of Gas Submitted by Criterion Research President, James Bevan,  The geopolitical calculus underpinning global LNG supply through the early 2030s has shifted materially. Iranian drone strikes on Qatari LNG trains, delays to key expansion projects, and the indefinite closure of the Strait of Hormuz have created a compounding threat to Qatar's LNG position that goes well beyond a construction delay. What had been framed as a two-horse race for global LNG market share now looks considerably more one-sided. The beneficiary is clear: U.S. Gulf...

Having amassed the heaviest US air power in the Middle East since the disastrous 2003 Iraq invasion, President Trump is now considering an initial, limited strike on Iran to force it to bow to the maximalist demands of Israel and the United States. The idea is based on two deeply questionable premises: Reported by the Wall Street Journal, the single-strike scenario […]