Ceasefire Nears Collapse as Iran Threatens Strikes on Northern Israel

Has Trump Turned The Tables On Iran - Or Is Another Round Of War Coming? Authored by Trita Parsi via Antiwar.com, reprinted with permission from Trita Parsi's Substack. The Trump administration believes it has turned the tables on Iran. Washington assesses that the rerouting of maritime traffic through the Omani corridor, combined with a global shift away from Persian Gulf oil, has reduced the effectiveness of Tehran's closure of the Strait of Hormuz. At the same time, the U.S. blockade has sharply constrained Iran's ability to sell its oil. The result,...

A UN spokesperson expressed concern at the “alarming” rate of Israeli strikes against southern Lebanon in recent days, as the UNIFIL peacekeeping force noted that they’ve documented an average of 137 projectiles fired into Lebanon from Israel daily over the past two weeks. Today appeared to be no exception, with reports of the morning opening […]

Despite Slumping Sentiment & Lower Gas Prices, The American Consumer Is Still Spending Strongly While headline spend at gas stations is expected to decline (due to tumbling pump prices), BofA's almost omniscient analysts forecast a stronger than consensus print for today's US Retail Sales data. After a big jump in May (revised up), June's Headline retail sales rose 0.2% MoM (as expected), with sales up 6.7% YoY (down modestly)... Gasoline Stations sales saw the biggest decline (along with small drops in Health Personal Care and Food and Beverage). Nonstore Retailers saw the...