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Summary

Summary:

Prime Minister Netanyahu says Iran made a big mistake tonight and will pay for it.

Common estimates show the attack on Israel involved at least 180 ballistic missiles. The Pentagon says about 200, or about twice the size of the prior April attack.

The waves of launches constituted the largest missile strike on Israel by Iran in history.

IRGC is claiming that 90% of missiles successfully hit their targets in Israel.

There were confirmed strikes on the ground, but no official casualties reported.

Israel's emergency authorities have lifted all restrictions, and people in Tel Aviv have emerged from bomb shelters and returned to the streets.

White House says Iranian attack on Israel apparently "defeated and ineffective".

Sullivan says there will be consequences for the attack, and US is consulting Israel on next steps or a potential response

Axios' Barak Ravid has told CNN that he expects major Israeli retaliation strikes on Iran to come within the next several hours.

Iranian state TV says hypersonic Fatah missiles were used in the attack.

Iran's President on X stated he does not seek war but will face any threat from Israel firmly.

Iran has said it gave no prior warning to US, but it did consult with Russia.

The IDF is vowing to 'strike powerfully' at targets in the Middle East.

IDF spox: "Iran carried out a serious act tonight and is pushing the Middle East to an escalation. We will act at the place and time of our choosing, in accordance with the guidance of the political echelon."

IDF spox: "Tonight’s event will have consequences."

Iran-backed Iraqi militias say if the US takes part in “any hostile action” then US bases will come under attack.

UN chief condemns ‘broadening Mideast conflict’ without mentioning Iran.

Blinken: Iran's missile attack on Israel 'unacceptable,' entire world should condemn.

US says it is ready to defend Israel, with Biden ordering US military assets to confront any further inbound projectiles.

At least two guided-missile destroyers in Eastern Mediterranean fired interceptors at inbound Iranian missiles.

Pentagon says about a dozen interceptor missiles were fired.

Pentagon refuses to say whether US will join in on future kinetic strikes against Iran.

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December 25, 2025
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Birth Tourism
00:01:53
This is gross.

Speaking at the WEF, Savor CEO Kathleen Alexander boasts about how her company is "saving the planet" from the evils of agriculture by replacing real butters and oils with synthetic versions made from carbon dioxide and methane. 😳

"Savor is part of bringing transformation to the food system by re-imagining how we make an entire macronutrient—fats and oils."

"The result is that we can dramatically lower the planetary footprint of our food system."

"Our food system today uses about 50% of the habitable land on the planet. It's 20-30% of our greenhouse gas emissions."

"And we can reduce all of those by 50-100%."

Source

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00:01:20
Duh Markets

🌆 Market News Digest
[July 3, 2026 EST]

🔥 Top Stories
• Middle East risk flares — IDF hits Hezbollah sites in south Lebanon; Houthis threaten Saudi assets; France deploys naval/mine-countermeasure assets near Hormuz.
• U.S. oil market scrutiny — DOJ/FTC say they’re monitoring crude for price-fixing/collusion as Brent settles at $72.12/bbl.
• Trump pardons saga — Trump signs pardons for six and faces fresh scrutiny after NBC reported undisclosed stock purchases before tariff pause.

⛽ Oil & Energy
• Gulf crude exports topped 10M bpd in June but remain ~40% below pre-conflict levels; Fitch flags ongoing Iran/Mideast risk to corporates and oil forecasts.
• CMA CGM warns Hormuz transit charges would be “devastating”; Airbus says defense cooperation remains pressured.

📊 Markets & Macro
• Germany’s 2027 draft budget lifts borrowing to €203.7B and spending to €555.4B; euro equities firm with DAX +0.85%.
• ECB/BoE message: inflation still the focus, but Bailey says UK ...

Defeat

🇮🇷🏆🇺🇸 Iran Is a Bigger Defeat Than Vietnam | Foreign Policy

At his second inaugural, U.S. President Donald Trump pronounced his hope “that our recent presidential election will be remembered as the greatest and most consequential election in the history of our country.” By losing his Gulf war, Trump has achieved that goal. His choice to launch a campaign against Iran was encouraged by others, but fully his own. It has led to a reversal that marks a strategic calamity far greater than the U.S. defeat in the Vietnam War.

Defeat in the Iranian war looks, on the surface, nothing like other U.S. military defeats. The speed of the war and its remoteness have lent an air of unreality to the whole endeavor. The White House has not been burned, as it was in 1814; there have not been protests against a nonexistent draft. The absence of substantial U.S. casualties in this conflict also masks the scale of the U.S. defeat. To be sure, the war has been deadly: Thousands of Iranians, ...

The Path to War

According to The Wall Street Journal, Donald Trump reviewed military options for a full-scale war against Iran to “finish the job,” but has decided, for now, not to move forward.

The report says Trump is concerned that renewed military conflict could hurt the chances of a diplomatic resolution and of dismantling Iran’s nuclear program, and that he’s shown willingness to let indirect talks in Qatar run past the August 18 deadline. He is said to be fine with continuing limited strikes on Iranian targets if Tehran violates the current temporary deal - as it already has, repeatedly.

How are those negotiations going?

Not well. It seems JD Vance’s “historic” face-to-face achievement was a one-off. Washington has been quietly downgraded from talking to the Great Satan to negotiating with the Little Satan instead - a senior Qatari official confirmed that U.S. envoys Steve Witkoff and Jared Kushner met Qatari officials in Doha, but there are currently no high-level U.S.-Iran meetings ...

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