Author Archives: Yves Smith

Iran War: Vance Confirms Plan to Use “Deal” as Minsk-Type Pause to Restock Fuel (and Arms); US Ostentatiously Failing to Implement MOU, Seeking to Isolate Iran Over Strait of Hormuz Control

Today’s Iran war news: The US thumbs its nose at MOU obligations and seems content with current Strait of Hormuz transit levels.

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Iran War: Israel Makes Massive Bomb Blast in Southern Lebanon, Threatens Imminent Attack on Iran; Iran Refuses Meeting with US on Strait of Hormuz as Assembly of Experts Statement Assures Already Likely Death of MOU; Strait of Hormuz Transits Increasing as Iran and Oman Not on Same Page

Today’s Iran war news: Israel is aggressively escalating in Lebanon and threatens Iran as its Assembly of Experts hardens the red lines.

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Iran War: Axios Reports US, Iran Agree to Ceasefire Within Ceasefire, Doha Meeting on Strait of Hormuz as Iran Stands Up US on Technical Talks; Ship Transits Fall; Reports of Big US Buildup; Israel Attacks in Lebanon Continue

Today’s Iran war news: As many predicted, the MOU negotiations are coming apart along side a report of a further US buildup in theater.

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Bank of International Settlements Warns That AI Crash Could Produce Investment Drought, Economic Contraction and Even a Crisis

The Bank of International Settlements took a look at the AI bubble. Not surprisingly, it found a lot not to like.

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