Author Archives: Yves Smith

Iran War: Iran Rejects Trump Claims That Deal Is Near as US Counterproductively Toughens Terms; Hotter Tit-for-Tat Strikes Threaten Ceasefire; What if Trump Continues to Stall When Hitting Energy Cliff ?

Today’s Iran war update: What if Trump fails or refuses to resolve the conflict despite the US going over the energy cliff, projected for July?

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Iran War: New Reports of Agreement on Memo of Understanding Effectively Shot Down by Bessent as He Also Repeats Threats Against Oman; Israel Attacks Beirut; More Warnings of Energy Price Cliff Plus Claim Trump Made Illegal Below-Market SPR Sales

Today’s Iran war news: More Axios “deal is sealed” fake news as real economy costs of continued conflict look even more dire.

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Iran War: US Attacks Iran for Second Day as Trump Rejects Leaked Iranian Outline of Terms, Threatens to Bomb Oman; US Draining of Strategic Petroleum Reserve to Contain Energy Prices Means Energy Cliff Arrives Sooner

Today’s Iran war update: The US and Iran trade blows as Trump forcefully rejects fundamental Iran demands and Israel pounds Lebanon.

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