North Korea Slams US Plan for ‘AUKUS 2.0’ with South Korea and Japan

Speaking Loudly And Leaning On A Big Schtick By Michael Every of Rabobank Yesterday saw the regular schtick where the Middle East situation remains worrying, but markets reacted to more positive narratives. After four crew and two rescuers were killed in a Houthi Red Sea attack on a ship and the US struck another in the Gulf of Oman’ trying to break its Iran blockade; Iran said Hormuz will stay closed unless the US meets its over-reach conditions; Trump doubled down on economic warfare vs Tehran because he thinks it’s “bleeding...

Saudi Arabia bombed dozens of targets in Yemen in hopes of turning back the offensive by Ansar Allah. Saudi Crown Prince Mohammed bin Salman (MBS) requested that President Donald Trump order American strikes on Yemen, but Washington rebuked the request.  On Sunday, Ansar Allah said that Saudi Arabia had targeted over 50 of their positions […]

Oil Falls Further As US Prepares Return Of Diplomats To Mideast Embassies There continue to be clear signals that the White House is moving away from the potential for renewed military action and instead settling in for a long economic siege campaign targeting Iran, on a permanent basis. The avoidance of more bombs away and with all the risks and uncertainty of a military 'solution' has seen oil prices drop. Energy prices are weakening also amid positive signals from Pakistan's army chief Field Marshal Asim Munir, who just left Tehran after carrying...