Author Archives: Yves Smith

Iran War: Bessent’s “The Nigger Gets It” Iran Sanctions Strategy as His Ex-Boss Druckenmiller Trashes His New Treasury Scheme; Iran Hits US Escorted Tanker as Strait of Hormuz Transits Fall Further

Today’s Iran war news: Even more Trump Administration flailing about in the form of Bessent’s Operation Economic Outcast.

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Iran War: Bessent’s Flailing and the Misunderstood Coming, Strait of Hormuz “Closure” Accelerated Crisis

Today’s Iran war post: Bessant’s twin messes, neither of which he is managing well, plus some other sightings.

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