Bessent Leads Trade Talks With China In Paris Ahead Of Trump-Xi Summit

While the ceasefire that was extended last week in Lebanon continues to inexplicably be presented as “holding,” Israeli Prime Minister Benjamin Netanyahu ordered substantial escalation in the Israeli military action in Lebanon’s south, and the amount of strikes seems to be growing substantially over the weekend. At least ten people have been confirmed killed over […]

The Plumbing For Vast Defense Spending Needs To Be Set Up By Michael Every of Rabobank In response to Iranian strikes on ships using the Omani route in Hormuz, the US has struck Iranian air defense, missile, and drone sites in the Strait and suspended its oil sanctions waiver. These are clear breaches of the MoU, and we will now see if Iran escalates --it says it will take “decisive” action-- with the risk of war if the US is also prepared to go that route. We suspect the US will...

Iranian Currency Hits All-Time Low As Tehran Threatens 'Unprecedented' Response To US 'Maritime Piracy' Via The Cradle Iran’s currency plummeted to a record low on Wednesday, dropping to 1.8 million against the dollar following the brutal US-Israeli war, coinciding with uncertainty over the fragile truce and rising energy prices worldwide.  The currency began a sharp descent two days ago after several weeks of artificial stability. During the initial weeks of the US-Israeli war on the Islamic Republic – which broke out on February 28 – the rial remained relatively steady, largely due to a total...