Futures, Bonds Tumble, Oil Soars After Trump Dashes Hopes For Early End To Iran War

US strikes against Iran that began on Tuesday night damaged two water reservoirs in Sirik county in Iran’s southern Hormozgan province, cutting off water supplies to 20,000 Iranians amid sweltering heat, Iranian media has reported. “Unfortunately, following this attack, 20,000 residents of the region have lost access to safe drinking water, and with temperatures ranging […]

CIA Leak: Iran Can Survive Blockade Another 3 to 4 Months, Maybe Longer Belying the Trump administration's claims that a US blockade on Iran's use of the Strait of Hormuz has the country on the ropes and its oil infrastructure in near-term peril, a confidential CIA analysis says Iran can persevere another three or four months, if not longer. In a second stark contradiction of White House narratives, US intelligence assesses that the bulk of Iran's pre-war missile inventory is still intact. The substance of the CIA analysis was first reported...

President Trump on Tuesday suggested he could restart a bombing campaign in Yemen in response to the Houthis, officially known as Ansar Allah, enforcing a blockade on the Red Sea. Trump’s comments came after Ansar Allah announced a maritime blockade on Saudi Arabia, which came a week after the Saudis bombed Yemen’s Sanaa airport to […]