There Is No GOP ‘Civil War’ Over Iran…

Intel Leak: Russia Mulled Giving Iran Un-Jammable Drones To Fight US Forces Russia offered Iran thousands of advanced drones built to bypass electronic jamming systems, along with training for attacks on US troops in the Middle East, according to a confidential intelligence document obtained and reviewed by The Economist. Already the two countries have deepened their defense ties in the context of the years-long Ukraine war, with Tehran providing tens of thousands of Shahed suicide drones, but this fresh allegation points to potential increasing Russian involvement against the United States in...

"DeepSeek Of The West" Reflection Inks Major Compute Deal With SpaceXAI SpaceX shares tumbled for a third straight session, down around 9% late in the U.S. cash morning, after the Elon Musk-led company said it would sell investment-grade bonds for the first time. However, a new headline crossed around 11:05 a.m. ET via Axios, reporting that Reflection, the Nvidia-backed open-source AI startup, had signed a major compute deal with SpaceXAI. Under the deal, Reflection will pay SpaceXAI $150 million per month starting next Wednesday, July 1, through 2029, following an initial ramp...

Chinese Oil Demand Unexpectedly Soars, Sending Shanghai Crude Above $100, With Brent Prices Set To Follow One of the reasons why the price of oil failed to soar during the "actively kinetic" phase of the Iran war, when shipments through Hormuz were effectively halted and the world faced a shortage of about 10-15mmb/d, is that Chinese oil demand plunged. Whether due to a sharp slowdown in the economy (which after the sudden "recap" of China's banks appears very likely) or due to an aggressive drain of China's strategic reserve, the...