We know what’s coming and we are prepared.
My preliminary analysis based on the events of the last 48 hours are that despite the US strikes, muted Iranian response, and dubious announcement of a ceasefire— the fundamental strategic situation between Israel, Iran, and the US has not changed.
Israel continues to seek regime change. Iran's nuclear program has apparently not been destroyed. And there is little hope that the United States can resume diplomacy with Iran.
Iran's retaliation and their apparent decision not to withdraw from the NPT or close the Strait of Hormuz is de-escalatory. Trump has clearly preferred a diplomatic resolution throughout the 60-day timetable and the "12-day war."
Israel cannot survive a sustained conflict of this nature with Iran. Which means they will have to escalate their tactics or sue for a temporary ceasefire.
Earlier today, the Washington Post reported that IRGC commanders received a 12-hour ultimatum from Mossad to oppose to Iranian regime or have their families killed. Israel is carrying out the most intense strikes since the war started as we speak, including assassinations.
Is this one last blow before a short reprieve? Or a last-minute sucker punch to provoke Iran into reneging on the ceasefire, assuming there was such an agreement.
Israel's attack on Iran galvanized the public against the West and rallied them to the regime. Are the IRGC assassinations and ceasefire a gambit to leave room for an "organic uprising" to breathe?
There are still conflicting reports on the ceasefire. And why would Iran trust the US and Israel after they broke similar agreements with Hamas and Hezbollah and after the surprise attacks by Israel and the US? The fog of war remains...
Much to consider, but the fact remains that the forces that drove these hostilities remain unchanged, and have probably intensified.
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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🔥 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 ...
🇮🇷🏆🇺🇸 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, ...
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 ...
