Container Ship Sinks In Hormuz After Iranian Strike Last Month; UBS Gives Latest Strait Update

Brasília Makes Friends With Beijing Authored by Jake Scott via FEE, On a Sunday night in late July, Brazil's Luiz Inácio Lula da Silva and China's Xi Jinping spoke for more than an hour. It was cordial and faintly triumphant, with the two governments announcing their intention to accelerate a long-stalled China-Mercosur trade agreement. Alongside this, there are plans to deepen cooperation on satellites and critical-minerals processing, and waive short-stay visa requirements. Image Credit: Custom image by FEE This marks a serious change for Brazil. For years, it was Brasília that had...

Trump Ready To Continue Operations Until Iranians "Can't Fight Any Longer" Summary: Trump sticking to surrender demand, freshly telling Axios, but tweaking the messaging a bit compared to earlier: "Unconditional surrender could be that [the Iranians] announce it. But it could also be when they can't fight any longer because they don't have anyone or anything to fight with."  Trump's expected timeline on Operation Epic Fury: WH Press Secretary Leavitt: "Four to six weeks." And Leavitt further tweaks Trump's message... ops to continue till "Iran can no longer pose a threat to the U.S....

Breaking The Stalemate By Bas van Geffen, Senior Macro strategist at Rabobank Energy prices continue their ascend –with Brent futures trading above $124/barrel – after media report that the US may try to break the stalemate in the US-Iran war by force. Axios reports that military leaders will brief Trump on potential military options today. Reportedly, the Pentagon is preparing a wave of “short and powerful” strikes on Iran, likely targeting infrastructure. Yesterday, Trump still suggested that he would not resume the bombing campaign. The US president said he believes the US...