Author Archives: Yves Smith

Iran War: Iran and US Announce Signing of Memorandum of Understanding for Friday, Amid Doubts About Status of Terms, Israel Sabotage; Iran Claims Blockade and Hostilities on All Fronts to End Monday Night

Today’s Iran war news: For a change, both Iran and Trump say a “deal” really will be signed. But will that come to pass?

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Michael Hudson: Debts That Cannot Be Paid Won’t Be

R. C. J. Cranstoun spoke with Michael Hudson on debt, rentierism, and the geopolitical rift around sanctions, energy, and the dollar system

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Iran War: Trump Again Whiplashes, Threatens Sustained Bombing, Capture of Kharg Island, Then Touts Plan to Sign Not-Finalized Iran Memo; More on Oil and Metals Squeeze, Plus SpaceX, AI Tidbits

Today’s Iran war post: Trump would have us believe that his 39th “deal is nigh” promise means it is about to happen.

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Iran War: Trump Again Strikes Iran Out of Frustration With Refusal to Capitulate; More Reports of Trump’s Unhinged State; Iran Closes Strait of Hormuz; Doubts About Trump Claims of Covert Oil Transits

Today’s Iran war news: Trump looks hopelessly mired in Iran due to his emotional instability and denialism. Billions will pay the price.

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