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Iran's Economy On The Ropes Amid Hyperinflation And Widespread Gas Shortages, As Trump Blockade Bites
Iran's Economy On The Ropes Amid Hyperinflation And Widespread Gas Shortages, As Trump Blockade Bites
Bessent is on a roll: first his attempt to send yields sharply lower by announcing an aggressive TSY buyback expansion, failed spectacularly, and then today, the US “economic D-Day” against Iran and unviled by Bessent, turned out to be "less Normandy and more Grenada", according to Bloomberg. But maybe, just like in the case of last week's "failed intervention", Bessent doesn't actually have to do much - in that case, all the Treasury secretary needs...
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Jul 3, 2026 / Tyler Durden
Saudi Delegation Makes Unexpected Appearance In Tehran For Start Of Ayatollah's Funeral
Saudi Delegation Makes Unexpected Appearance In Tehran For Start Of Ayatollah's Funeral
Friday and Saturday kick off what will be up to a week of solemn funeral observances for slain Iranian Supreme Leader Ayatollah Ali Khamenei - a major historic event which is expected to draw some 15 to 20 million mourners in Tehran and across Iranian cities.
Iran on Thursday issued a warning to the United States and Israel, Reuters reported:
"We warn the enemies of Iran, especially the U.S. and the Zionist regime (Israel), to avoid any miscalculation and to think about the...
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Aug 5, 2026 / Tyler Durden
Progressive El-Sayed Wins Michigan's Democratic Senate Primary
Progressive El-Sayed Wins Michigan's Democratic Senate Primary
Authored by Jacob Burg via The Epoch Times,
ANN ARBOR, Mich. - Progressive Abdul El-Sayed narrowly defeated establishment candidate Rep. Haley Stevens (D-Mich.) to win the Michigan Democratic Senate primary in a contentious race that became a proxy fight for the broader battle within the party over its direction.
Michigan Democratic Senate candidate Abdul El-Sayed speaks at a rally in Canton, Mich., on July 29, 2026. Jacob Burg/The Epoch Times
El-Sayed beat his centrist opponent, Rep. Haley Stevens (D-Mich.), 48.5 percent to 47.5 percent, with 99...
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Apr 22, 2026 / Tyler Durden
Duffy Seeking $10 Billion From Congress To Revamp Air Traffic Control System
Duffy Seeking $10 Billion From Congress To Revamp Air Traffic Control System
Authored by Aldgra Fredly via The Epoch Times,
U.S. Transportation Secretary Sean Duffy said on April 21 the department requires $10 billion in additional funding from Congress to overhaul the nation’s air traffic control with a new software system.
Duffy told Reuters in an interview that the additional funding would go toward developing new software aimed at improving the efficiency of air travel and reducing flight delays.
“This tool lets us see and then spread flights in a way that allows...
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