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Iranian Currency Hits All-Time Low As Tehran Threatens 'Unprecedented' Response To US 'Maritime Piracy'
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...
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Aug 17, 2026 / Tyler Durden
Half Of Typical US Family's Paycheck Swallowed By Housing, Childcare
Half Of Typical US Family's Paycheck Swallowed By Housing, Childcare
Authored by Andrew Moran via The Epoch Times,
Typical families in the United States spend half of their income on housing and childcare, according to a report released on Aug. 17 from the real estate platform Redfin.
A man holds a baby outside a coffee shop in Washington on March 11, 2026. Madalina Kilroy/The Epoch Times
Based on data from Redfin and childcare marketplace Winnie, the typical working family purchasing a home today spends 52 percent of their annual income on housing and...
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Apr 30, 2026 / Tyler Durden
Breaking The Stalemate
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...
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Sep 11, 2026 / Tyler Durden
MbS Begs Trump For Bigger Anti-Houthi Intervention, As Over 100 US Advisers On Ground
MbS Begs Trump For Bigger Anti-Houthi Intervention, As Over 100 US Advisers On Ground
We've been documenting the Houthi rapid advance along Yemen's western coast, as the Iran-aligned rebel group closes in on owning more vital Red Sea chokepoint coastal real estate.
As of Friday, after having the day prior entered the strategic port of Mocha, it is being widely reported including in Al Jazeera that the Houthis have taken control of Yemen's entire Red Sea coastline. This gives the group, and by extension Tehran, immensely greater leverage over the Bab al-Mandab Strait and...
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