Author Archives: Yves Smith

Iran War: US-Iran Differences Over “Deal”; Israel Still Bombing Lebanon, Expected to Try Other Spoiler Stunts; Oil Cliff Closer Than Most Think as Best Case Strait of Hormuz Reopening Sluggish

Today’s Iran war news: Great uncertainty remains over what is in “the deal” and whether it gets done as the oil cliff is still a real risk.

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Iran War: Iran and US Announce Signing of Memorandum of Understanding for Friday, Amid Doubts About Status of Terms, Israel Sabotage; Iran Claims Blockade and Hostilities on All Fronts to End Monday Night

Today’s Iran war news: For a change, both Iran and Trump say a “deal” really will be signed. But will that come to pass?

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Michael Hudson: Debts That Cannot Be Paid Won’t Be

R. C. J. Cranstoun spoke with Michael Hudson on debt, rentierism, and the geopolitical rift around sanctions, energy, and the dollar system

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