Author Archives: Yves Smith

Iran War: Israel Would Thwart Trump TACO Even if Genuine; US Forces Still Arriving in Middle East as Trump to Speak This Evening; Could Strait of Hormuz Traffic Rise Meaningfully With Less Hot Conflict?

Why Trump’s apparent TACO via his hissy to leave the Strait of Hormuz mess to others may be a deception despite rising economic damage.

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Iran War: US/Israel Escalation and Forceful Iran Retaliation Continue as Trump Says He May Take Iran’s Oil and Pakistan Hosts Talks With Nobody; Mr. Market Finally Waking Up as Brent Rises to $115

Today’s Iran war update: Trump fantasies deepen as the US suffers irreparable damage to its military and the global economy takes body blows.

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Iran War: Trump Faffs About, Extending Deadline for Strike Threat by 10 Days as US Military and Energy/Materials Shortfalls and Shortages Expected in Weeks; Iran Allows Transit of Trapped “Friendly” Ships

Today’s Iran war update: Trump and his inner circle seem astonishingly oblivious to accelerating damage to the economy and the military.

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