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Oil supply

Started by K-Dog, Apr 08, 2026, 04:54 PM

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K-Dog

#60
QuoteBoth the attacks on Russian and Iranian Oil supply are being directed at the behest of the Oil majors.  They are only tangentially because of Ukraine's persecution of ethnic Russians in Donbass and Crimea or Iran's Nuke development program.  They needed to get this supply off line in order to raise the price enough to bring the unconventional Oil in the FSoA, Canada and Brasil up to a profitable margin.

INSIDECLIMATENEWS.ORG2026-07-10

Global Oil Demand Falls for the First Time Since COVID

The International Energy Agency expects demand to rebound in 2027, but analysts question whether the Iran war could hasten a long-term decline.


Depending on how you define behest I'll agree.  Passive-agressive behest can be as simple as doing nothing.



In fact considering that much of America is populated by moral zero know-nothings, many would agree that the oil companies doing this would be a good thing.  I do not.

TDoS

Quote from: RE on Jun 17, 2026, 12:38 AMSupply & Demand.  This is still a ways off.  How long?  Maybe our resident expert can make a world class analysis. 
RE

Of course I can. But you can't afford my hourly rate to get it.

TDoS

Quote from: K-Dog on Jul 11, 2026, 07:09 AMIn fact considering that much of America is populated by moral zero know-nothings, many would agree that the oil companies doing this would be a good thing.  I do not.[/color]

I agree with American know-nothings. After all, 50% of Americans are below average in intelligence. And 99% of peak oilers don't know anything about oil or the geosciences. Interesting skewed distribution there....with a 50/50 intelligence split, how do 99% of peak oilers arrive on the wrong side of that 50/50 split?


K-Dog

#63
Quote from: TDoS on Jul 12, 2026, 07:56 AM
Quote from: K-Dog on Jul 11, 2026, 07:09 AMIn fact considering that much of America is populated by moral zero know-nothings, many would agree that the oil companies doing this would be a good thing.  I do not.[/color]

I agree with American know-nothings. After all, 50% of Americans are below average in intelligence. And 99% of peak oilers don't know anything about oil or the geosciences. Interesting skewed distribution there....with a 50/50 intelligence split, how do 99% of peak oilers arrive on the wrong side of that 50/50 split?



How do 99% of peak oilers arrive on the wrong side of that 50/50 split?

Insulting other diners violates the code of conduct.  More time off for you, five days.

Enjoy.

Also: If we can't afford your hourly rate, we don't want it.

RE

Quote from: TDoS on Jul 12, 2026, 07:52 AMOf course I can. But you can't afford my hourly rate to get it.

Doing just fine without it. 😀  Wouldn't even waste Other People's Money for your opinion. 😝

RE

K-Dog


PARSTODAY.IR2026-07-13

Oil prices jump 4% amid escalating tensions in region

The public relations office of the Islamic Revolutionary Guard Corps (IRGC) announced in a statement that, in the third phase of retaliatory operations in response to the U.S. aggression, the IRGC Aerospace Force had completely destroyed fuel depots and Patriot air-defense systems at the American base in Ali Al Salem, Kuwait, as well as a strategic FPS radar installation at Ahmad Al Jaber Air Base.


The orange baboon rages out of control.

RE


ECONOMIST.COM2026-07-14

Trump’s Hormuz brinkmanship is worsening a global fuel crunch

On july 13th President Donald Trump said America would reinstate its naval blockade on Iran and charge a 20% fee on cargo passing through the Strait of Hormuz. Brent crude, the global oil-price benchmark, jumped by 10%, to $83 a barrel.


Cue Demand Destruction in Southern Europe and Fuel Shortages in South America.  $80+ Oil is a price only a few countries can support, and not for very long.  Add in the Credit Crisis shaping up in CRE and the imminent Popping of the AI Bubble and it adds up to the Perfect Storm and a Financial Tsunami that will make 2008 look like the good old days.  Now all we need is a good trigger event.  Maybe Elon's new Rocket will pull a Challenger.  😀



RE

K-Dog

Escalation in West Asia: Iran Strikes US Facilities in Oman and Yemen Targets Saudi Arabia

A Report by Demetri Lceris for Reason to Resist
July 14, 2026 – Montreal, Canada


Introduction

Good day. This is Demetri Lceris coming to you from Montreal, Canada for Reason to Resist on July 14th, 2026.

Within the past 24 to 48 hours, the hot war on Iran has not only resumed but has escalated in at least two important respects. First, Iran attacked US military facilities in Oman—a country with which it has been trying to reach an agreement on future management of the Strait of Hormuz. Second, after Saudi forces bombed the airport in Sana, Yemen in the past 48 hours, Yemeni forces struck back inside Saudi Arabia.

Before we get into it, please remember to like and share this video if you find it to be informative. If you're not already a subscriber to Reason to Resist, please do become one and help us to expand the reach of our unapologetic on-the-ground resistance journalism.

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Context: Recent Reporting from Iran

I'm back in Montreal now after having spent the better part of 10 days in Iran, primarily to cover the funeral of the martyred Supreme Leader Ali Khamenei, but also—and I think most importantly—to talk about the attitude amongst Iranians toward the now-failed negotiations with the United States and the resumption of war.

If you haven't seen our reporting from Iran over the past 10 days or so, please do check it out, because it will reveal to you vitally important facts that you are not going to be getting from any corporate media outlet in the West. I can assure you of that.

It's good to be back in Montreal. I have family and friends here, and I haven't been here in some time. But at the same moment, I must confess that I'm sad to have left behind the many wonderful friends I have made in Iran and also comrades in Greece where I have spent much of the last few months.
The Attack on Sana International Airport

Yesterday, an Iranian civilian aircraft attempted to transport to Yemen officials of the Ansarallah government in Sana who had attended the funeral of the martyred supreme leader of Iran. As the aircraft—piloted by an Iranian crew—approached the airport in Sana, Saudi warplanes attacked that airport.

The Ansarallah political bureau issued a statement about that attack, which reads:

    "In a dangerous escalatory step, the criminal Saudi regime bombed Sana International Airport in an attempt to prevent our delegation from returning to their homeland, but it failed. The crime of targeting Sana International Airport constitutes a blatant act of aggression against our people, a flagrant violation of sovereignty, and a clear breach of international laws and conventions."

I can assure you that those are all correct statements of law. The statement continues:

    "The targeting of Sana International Airport reflects the level of hatred and criminality harbored by the Saudi regime backed by the United States toward our people. The attack comes within the framework of implementing the American desire to maintain the unjust blockade imposed on our people for more than 10 years."

By the way, that blockade has caused immense suffering, brought the population to the brink of famine several years ago, and in my view constitutes evidence of genocidal intent by the United States, Saudi Arabia, and the United Arab Emirates against the people of Yemen.

The statement goes on and says the policy of force, arrogance, and supremacy pursued by the Saudi regime backed by the United States will achieve no results and its fate will be failure.

If anybody was harboring any illusions that the Saudi autocracy is trying to play a passive role in this criminal war of aggression—not just against Iran, but the whole of the Axis of Resistance—I hope that this development will bring those illusions to an end. The Saudis are fully complicit and actively supporting the criminal and genocidal efforts of the United States and Israel to destroy legitimate resistance to their brutal domination of the region. I think that is now clear beyond a shadow of a doubt.

Despite their efforts—and as the Ansarallah statement indicated—the Saudi efforts to stop the civilian aircraft failed. It did land in Yemen, albeit not in Sana because of the damage inflicted on the airport. It landed instead in the Yemeni port city of Hodeidah.
Ansarallah's Response and Retaliatory Strikes

The response of Ansarallah was swift and decisive. It began with Ansarallah publishing a video of airports in Saudi Arabia which it considered to be legitimate targets as a result of this aggression. The video also identified Saudi oil infrastructure on the coast—I believe that's the Red Sea coast of Saudi Arabia, but it also might be infrastructure on the Persian Gulf Coast—as legitimate targets.

No one should doubt the ability of Ansarallah to strike any and all of those targets, because they have done that successfully in the past, targeting within Saudi Arabia.

Very shortly after this statement was issued threatening retaliation, Ansarallah forces published a video of missile launches towards the Saudi autocracy. Then video emerged of an explosion at or near the Abha Airport in Saudi Arabia.

There were reports of damage at Saudi airports. Yemeni and regional media reported that Ansarallah launched missile and drone strikes targeting the Abha International Airport in Saudi Arabia's Asir region, with reports claiming flights at the airport have been suspended. Regional outlets including Iraq's Al-Ahad TV reported explosions in Asir and said a missile struck the airport. They also cited a Saudi-led coalition spokesperson claiming the incoming missiles were intercepted by air defenses.

According to the same report, Saudi authorities have restricted the publication of photos and videos from Abha Airport following the incident. Riyadh has not issued an official statement on the reported attack or any damage to the airport—at least that was the case as of a few hours ago.
The Bab al-Mandab Strait and Global Economic Implications

The US-Arab dictatorships escalating aggressions against the Axis of Resistance in my view make the closure of the Bab al-Mandab Strait—which connects the Red Sea to the Gulf of Aden—a virtual inevitability at this stage. I'm surprised it hasn't happened yet.

When I say closure, I want to be clear that typically Ansarallah has not restricted all traffic through the Bab al-Mandab. What it does is restrict what it regards as complicit maritime traffic—vessels of the United States, Israel, or affiliated with the United States or Israel, traveling to or from ports in the genocidal Israeli entity, principally the Eilat port but also any Mediterranean ports. Vessels of other Western nations affiliated with other Western nations would also be subjected to a partial closure of the Bab al-Mandab Strait because of the complicity of Western nations in the genocidal crimes of Israel and the United States.

If that hasn't happened already, I think it is very likely to happen in the near immediate future, which is going to greatly exacerbate the already highly elevated risk of a global economic crisis because of the importance of the goods—both commodities and finished goods—that are transported through the Bab al-Mandab Strait, either coming from the Suez Canal or heading towards the Suez Canal and ultimately into the Mediterranean.

If the world has to deal with the closure of both the Strait of Hormuz and the Bab al-Mandab simultaneously, we are going to be in a world of pain, especially if those closures persist for a significant period of time.
Iran Strikes US Military Facilities in Oman

On Monday of this week, local media reported that Iranian projectiles fired by the Islamic Revolutionary Guard Corps (IRGC) of Iran had struck a US Navy logistical hub in Oman that handles fuel resupply operations. My understanding is that those US facilities in Oman had not been targeted up until now.

The fact that Iran is willing to now target those facilities in Oman should be taken as an expression of Iranian government discontent with the Omani regime's more recent forms of cooperation with the United States. By that I'm referring specifically to the opening up of an alternative route for traffic through the Strait of Hormuz that hugs the Omani coastline. That alternative route was established with the consent and cooperation of the Omani regime and was intended to subvert Iranian control over the Strait of Hormuz.

Make no mistake: Iran's ongoing control of the Strait of Hormuz is of existential importance to Iran. If it loses control of the Strait of Hormuz—and I'm quite sure that it won't, despite all of the violence—its negotiating position would be greatly weakened and it would become much more vulnerable to the genocidal warfare of Israel and the United States. The control of the Strait of Hormuz by the Iranian military is the best protection by far that Iran has from its own destruction at the hands of the US and Israeli regimes.

The Omani regime now has a new reality to deal with because of its own complicity in these crimes and its refusal to do, frankly, what would be in the interest of its own people—namely to set up a management regime within the Strait of Hormuz that results in vessels going through the strait having to pay a reasonable fee to Oman and Iran. Its refusal to cooperate in that regard is making it a legitimate target because, after all, the US military is using Omani facilities to carry out its crimes against the Islamic Republic of Iran.

I do understand and agree that the Omani regime is stuck between Iraq and a hard place. After all, when it indicated—albeit in diplomatic language—that it was going to cooperate with Iran, the psychopath in the White House openly threatened to blow up Oman. But there's a simple solution here—maybe it's not so simple, but it is a solution for the Omani regime: to bring to an end the US military presence in Oman, which is its sovereign right. If it's unwilling to do that and it's going to try to weaken the greatest form of leverage that Iran has to protect itself, it should not be surprised if it becomes a party to this war, at least in the sense that US facilities on its territory are going to be attacked.

I think we're probably going to see a lot more of this in the future, to the detriment of the interests of the Omani people.
IRGC Statement and Military Operations

The Iranian military has continued to strike US bases in many other parts of the region as retaliation for the ongoing US strikes on southern Iran.

An IRGC statement detailed the destruction of American military facilities and infrastructure in Bahrain and long-range radar systems in the Sultanate of Oman. According to the statement, the decisive and powerful operations carried out by the Iranian armed forces have left the American military in a state of helplessness.

In its latest attacks, the American military targeted an agricultural water pumping station in the city of Mashar—a move that demonstrates its hostility toward the people of Iran. In addition to targeting American military facilities and infrastructure in the Juffair area of Bahrain—where fires are still burning—the IRGC Navy carried out the fifth phase of reciprocal operations, launching missile and drone strikes against the FPS long-range early warning radar and a maritime surveillance radar in the Sultanate of Oman, destroying both systems.

The reopening of the Strait of Hormuz to maritime traffic remains contingent upon the cessation of what was described as American military interference in the strait and respect for the sovereignty of states over their territorial waters. The continuation of such interference will lead to greater repercussions for the global oil and gas sectors—and indeed they have already led to greater repercussions.

Various videos have emerged of the aftermath of these Iranian strikes on the Arab Gulf dictatorships:

    Smoke rising from the US naval facility in Bahrain

    Video showing that all or at least a large part of Bahrain became engulfed in smoke as a result of these attacks

The Iranians have also published video of their missile and drone launches towards certain of these targets.
Strikes on US Facilities in Kuwait

It's by no means only Bahrain and Oman that have been struck. There was quite an interesting and important strike by the Iranian military on a US military base in Kuwait. That base and that country have been used by the Americans repeatedly during this criminal war of aggression to launch land-based missiles into Iran, oftentimes striking civilian infrastructure and/or killing civilians.

Finally, the Iranians decided they were going to target these missile systems—in particular the HIMARS missile system, which is the most important ground-based missile system that has been used against Iran in bases situated in the Gulf autotocracies.

Video of the aftermath reportedly shows that the strike not only destroyed the system but also HIMARS ammunition.
Strikes on US Facilities in Jordan

The Iranian military has also struck US military facilities within Jordan. An IRGC statement addressed to the honorable and Muslim people of Jordan is quite interesting for its commentary:

    "At dawn today during the third phase of the second wave of Operation Victory 2 under the slogan 'Vengeance for Hussein, peace be upon him,' the fighters of Islam targeted key facilities and an American military position at an air base occupied by the child-killing American military on your soil, which had been used to launch attacks against us using ballistic missiles. They inflicted upon the American criminals the punishment for their crimes. On the first day of the war, the arrogant American administration used these same bases to massacre 168 innocent school children and their teachers in Manab."

Then comes the most interesting part of the statement:

    "You know well that we are not hostile toward your country. On the contrary, we hold your noble people in the highest regard. More than any other nation, you understand the suffering and oppression of the Palestinian people, and you are fully aware of the crimes committed by the Zionist regime in killing 70,000 Palestinians, including 20,000 children in Gaza, with the direct involvement of the United States. Your determined demand for the removal of the occupying American bases from the region is a significant contribution to saving the Palestinian people and restoring security to the region."

The reference here is that a very substantial portion of the Jordanian population is in fact Palestinian. I've been to Jordan during the genocide, and I can tell you that there is tremendous sympathy amongst ordinary citizens there—not just the Palestinian population but amongst the whole of the population—for the Palestinian struggle. But this so-called "king" of Jordan brutally suppresses any meaningful support for the Palestinian resistance movement. As a result, the only thing standing in the way of the intervention of the people of Jordan in this criminal war of aggression—the kind of intervention that we have seen from South Lebanon, for example—is the brutal, corrupt puppet of Washington.

What I find most interesting about this statement and similar statements that the Iranian military and government have made in the past is the revolutionary tenor of these statements. They clearly are looking for regime change inside the Gulf Arab dictatorships and are doing what they can to promote it. They would like to see revolutionary forces unleashed—as would, frankly, much of humanity—in the broader region of West Asia, so that this cancer, this Washington cancer, can finally be excised from the region once and for all.

If that were to happen—if the US military forces would be successfully removed from the region—it would all be over for the genocidal pipsqueak Israel, which is nothing more than an extension of the US military, a giant US military base masquerading as a country and Washington's rabid attack dog in the region.

We shall see whether the kinds of unrest we have seen inside Bahrain—a majority of whose population is Shia—will begin to emerge in countries such as Jordan. That would be a wonderful development for the region if it resulted in the removal of US military forces and the founding of truly democratic governments across the broader region of West Asia.
Attacks on Maritime Traffic in the Strait of Hormuz

There have been more attempts by complicit shipping to transit through the Strait of Hormuz without the cooperation of the Iranian military. As one would expect, that complicit shipping is paying a heavy price.

The UK Maritime Transportation Authority reported a tanker hit by an unknown projectile 40 nautical miles northeast of Kalhat, Oman, with the projectile striking the vessel's starboard side engine room. The UAE Ministry of Defense said that two UAE tankers—Mombasa and Bakya—were targeted by Iranian cruise missiles in the southern passage of the Strait of Hormuz in Omani territorial waters.

If these reports are accurate, it's very clear that Iran is going to assert control over the entirety of the strait with or without the cooperation of the Omani regime. The UAE Ministry of Defense said that fires broke out on both tankers and were later brought under control. One Indian crew member was killed and eight others were injured, including four seriously.

Iran is showing it can hit back where it hurts—maritime traffic, tankers, the Gulf's fragile sense of security.
The Strategic Logic of Iran's Position

When we ask the question "who controls the Strait of Hormuz and who will be able to control it in future," it's not necessary that Iran have an iron grip of control over the entirety of the strait in order to achieve its larger purposes of deterring attacks on the country. All it has to do is to generate—through missile and drone attacks, attacks by fast naval vessels, and perhaps through the laying of mines—enough risk to maritime transportation through the strait that shipping companies are deterred from sending their vessels through.

If they can create enough risk to deter maritime transportation through the Strait of Hormuz, then whether or not they have complete control over the strait, they will effectively achieve their objective of inflicting enough damage on the global economy to force the Americans to stop attacking their country. That is a relatively low bar for the Iranian military to have to meet given its military capabilities.

No matter what the US does, it will continue to create so much risk within the Strait of Hormuz that there will be—if not a complete cessation of maritime transportation through the strait—certainly a dramatic reduction. As long as there is a dramatic reduction, even if it isn't a total cessation of movement through the strait, then the situation in global oil markets will continue to worsen—and not just in global oil markets, but in the market for fertilizer, helium, sulfur, sulfuric acid, and other commodities extremely important to the global economy.

This is not a battle that the United States can win, no matter what Donald Trump says. And this is something which I think the global oil market is coming to understand, albeit belatedly.
Oil Price Surge

Over the last couple of days, there has been a dramatic increase in the price of oil. As of a couple of hours ago, the price of Brent crude had shot up another 4% today, trading at nearly $87. I saw a quick report just before I began this report indicating it had gone above $87.

It had gone down to the low 60s and has now shot up to the high 80s. Where it's going to go from here is anybody's guess, but given the situation in the Strait of Hormuz and the escalation of these wars and the possible—imminent—closure of the Bab al-Mandab Strait, probably the price of oil is going to go a hell of a lot higher in the days and weeks ahead.
Trump's Statement on the Strait of Hormuz

Meanwhile, Donald Trump has proclaimed that the Gulf autocraties that use the Strait of Hormuz will have to pay huge protection money to his Washington-based mafia. On Truth Social, Trump wrote:

    "The Hormuz Strait is open"—this is nonsense; there's virtually no traffic going through the Strait of Hormuz—"and will remain open with or without Iran. We are reinstating the Iranian blockade."

There you have it. The one and only benefit that Iran had acquired from signing the JCPOA—which is to say a lifting of the blockade and a reestablishment of its ability to sell its oil—has been snatched away from it. There is now no benefit whatsoever to Iran complying with any aspect of the memorandum of understanding.

Trump went on:

    "The Iranian blockade is so named because it is only stopping Iran ships or customers from entering or leaving. All other countries will have fair and open use of the Strait. Delusional—let me say that's outright delusional. The USA will be from this point forward known as the Guardian of the Hormuz Strait. But as such and as a matter of fairness will be reimbursed at the rate of 20% on all cargo shipped for any all costs necessary to do the job of providing safety and security to this very volatile section of the world. The process and formation will begin immediately. Thank you for your attention to this matter."

It is most ironic that as Marco Rubio, Trump's Secretary of State, is whining about the supposed illegality of the fees that Iran wants to charge to vessels going through the Strait of Hormuz, his own boss is proclaiming that the United States is going to charge an extortionate fee for providing protection for vessels transiting through the Strait.

As we've seen from these attacks that just occurred within the past 24 hours, the ally of the United States—the UAE—has said its vessels were attacked. So what protection is Donald Trump talking about? He is utterly incapable of providing any protection. But even if he were, 20% is an absolutely extortionate fee and one which, according to his own Secretary of State, would violate international law.
Trump's Media Comments

Trump offered additional commentary to the media to explain his position:

    "I want to be reimbursed because we're protecting a very rich portion of the world, we're spending money. So what we've done is we are going to be reimbursed for protection. We're protecting the countries that we're helping. For instance, you look at the five countries—you have Saudi Arabia, you have UAE, you have Qatar, you have Bahrain, and by the way you have others—you have Kuwait and you have others. And they will do very well. But we think it's appropriate that we don't need... You know, we have more oil than any other country in the world. When you add Venezuela, which has been amazing, which has tremendous amounts of oil that we control, when you add Venezuela and everything else, we have more than 50% of the world supply. We don't need it."

Again, this man is delusional. First of all, even assuming that the US has effective control over Venezuela's oil—and if it does, that really is a raging indictment of the current government of Venezuela, I must say—even if it has complete control over the oil of Venezuela, it does not have control over more than 50% of the world's oil supply. Unless you include all of the oil of West Asia, and if he thinks that they control all of that oil, maybe you can get to over 50%. But I think there may be a number of governments in the region who would dispute that the United States effectively controls its oil.

In any case, the control of that oil is not going to prevent a dramatic increase in the price of oil. If the global supply of oil is dramatically reduced, then there is going to be inevitably sharp increases in the price of oil, and that is going to have highly negative impacts not just on countries outside of the West but on the United States itself. We've already seen that in the form of inflation and increased prices at the gas pumps.
The Irony of Trump's Position

Before this criminal war of aggression began—before it was launched by the United States and Israel—no one, including Iran, was talking about charging any fees to any vessels transiting the Strait of Hormuz. Iran decided to charge fees as a result of the war of aggression on its country, which virtually the entire West and the Gulf Arab dictatorships have supported.

It takes a special kind of chutzpah to provoke a crisis in the Strait of Hormuz, as Trump did, and then demand payment from your so-called allies for resolving that crisis by seizing control of the Strait of Hormuz from Iran. What's even more absurd about this situation is, as I argued, that the US will not ultimately be able to take control of the strait. So Trump's bluster about a 20% fee will go nowhere.

However, what Trump's declaration has done is completely discredit the position taken by his Secretary of State that the imposition of a toll would be illegal, and it has also made the Iranian government look extremely reasonable by comparison.
Iran's Response

Iranian Foreign Minister Abbas Araqchi posted on X after Trump's statement:

    "The President of the United States is absolutely right. Whoever provides secure and safe passage of commercial vessels through the Strait of Hormuz should be compensated for the service. Iran has always been the guardian of the strait and will remain so forever. 20% is of course too much. We will be fair."

The fee that the Iranian government has been talking about—which is in the range of $1 million per vessel—would amount to about 1 to 2% of the value of the cargo of these large tankers, as opposed to 20%. By comparison, the demand of Trump is truly extortionate. This new proclamation from the White House has simply discredited the United States government even further.
A Reminder About the Memorandum of Understanding

I must conclude this report with a reminder. Five days before the memorandum of understanding was signed a couple of weeks ago, I put out this statement on X:

    "There's no peace deal. There won't be a peace deal. Even if they sign something, it won't be worth toilet paper because Trump and Netanyahu will both sabotage it. We should stop fixating on this absurd circus and focus on what the child-murdering Israelis are doing to Palestine and Lebanon."

I'm not showing you this to toot my own horn. I don't regard it as having been prophetic or particularly insightful on my part—I think it was absolutely obvious that this was going to happen. A child familiar with the record of treachery and lying of the Trump and Netanyahu regimes could have foreseen that this MOU was going to be treated by the Trump regime like toilet paper.

And yet, a lot of wishful thinkers out there jumped on the "peace is at hand" bandwagon and proclaimed that the war was effectively over. No, it is not over. Not by a long shot, as we have all seen.

I would argue that it will not be over at least until Iran and its allies have inflicted so much pain on the United States and the West—particularly pain of an economic nature—that they will be finally deterred and permanently deterred from attacking the Iranian state and also the allies of Iran in the region. We're not anywhere close to that point yet. The United States economy has suffered some damage, but we are very far from the level of damage that would be necessary to incentivize a large proportion of the American population to demand relentlessly, vigorously, and in every way imaginable that the war be brought to an end.

I think we're months away from that point, unfortunately. I hope that I'm proven wrong about that. But I think we are going to see a lot more war in the days and weeks ahead and a hell of a lot more damage to the global economy.
Israeli Casualties in Lebanon

One other piece of news I want to share is a statement just put out by the genocidal Israeli military acknowledging that the number of wounded in its ranks since the start of its genocidal offensive in South Lebanon has risen to 1,461, including 89 in critical condition and 165 in moderate condition.

You should assume that these numbers represent only a portion of Israel's real losses. They continue to mount, which may explain why Israel has not at least publicly taken part in the most recent round of attacks on Iran. It is at least for the time being sitting out this round of hostilities and leaving it entirely to the US military to bear the burden of this war of aggression.
Conclusion

That'll do it for today. We will be back to you tomorrow morning—perhaps later today—with a report and interview of our good friend, the Palestinian legendary woman of resistance, Dr. Hanan Al-Zayyad, who is currently visiting Canada and has a harrowing story to recount of the suffering of a family whose members have been imprisoned by the genocidal Israeli military.

For the time being, please stay safe.

This report was originally presented as a video transcript for Reason to Resist and has been formatted for publication at the Doomstead Diner. All views expressed are those of the presenter.