Iran War: Accelerating Economic Damage Creates Urgency on Strait of Hormuz Closure; Shambolic US Assault Preparations Continue; Iran Demands Recognition of Sovereignity Over Strait; Houthis Set to Strangle Red Sea Traffic if US Makes Ground Attack

[Today’s Iran war post is launching before complete and is likely to seem skeletal because personal long war preparations. I expect it to be done by 8:30 EDT]

The Trump Administration and Iranian officials and sources (save Iran’s always-measured Foreign Minister Araghchi1) have been making even more strident statement at each other about purported negotiations and the need for the other side to effectively capitulate. But the US’ statements are transparently desperate, as the BBC live blog header shows:

The underlying dynamic is that Trump has promised to Do Something Extremely Big and Bad to Iran if Iran does not knuckle under by his late Friday new deadline. And Iran’s response was not merely defiant. It added a monster new demand in its own list of requirements for ending the war: having its control over the Strait recognized as sovereign.

Trump’s propensity has if anything been to jump the gun a bit on execution of his treats, or TACO. As we will recap soon, both Larry Johnson and conflict maven Robert Pape in separate talks with Daniel Davis see the US as moving assets for a Special Forces ground assault. Pape thinks it will come later given that not all units being mustered will be in theater by Friday. Johnson provides granular evidence, such as Trump cancelling scheduled public appearances, that suggest an after-markets-close launch. Johnson squares the circle of “What about the forces en route?” by speculating that the US is planning two operations, so the later group will handle the second one.

The reason for urgency is the relentless unforgiving economic forces the US set in motion by the unprovoked US/Israel attack on Iran. Keep in mind the US is the culpable party: it had the means to check Israel and instead joined enthusiastically.

Richard Pape points in his talk (video embedded after the Johnson one) out that the oil squeeze is set to became more acute very soon. Tankers have still been delivering their cargoes. That is tailing off and that buffer will run dry within a few weeks. On top of that, Almayeeden on March 22 pointed out that the last LNG shipments from the Middle East were expected to reach their destinations within ten days, as in around April 1 at the latest.

Add to that the real-economy forces already in motion. We included this tweet in an earlier post. Please click through to read in full:

And a fresh sighting of the state of play:

Hence the shriek-level stridency out of the White House.

This is a must listen in terms of the crazypants, not well planned scheme underway. And that is not an exaggeration. The very first time the idea of taking Kharg Island came up, Davis in a solo talk was close to beside himself. He described the numerous impediments to a successful operation in detail, such as distance from staging grounds and the impossible logistics. Even if you land forces, they could not be sustained. Perhaps the plan is to somehow destroy the energy infrastructure, and the talk of ground forces there is a feint for a plan for strictly aerial destruction. In that initial talk, Davis also described the >6 months needed to launch an invasion, which includes planning as well as force movements and setting up logistics.

In this new talk, Johnson describes the many signs that action is imminent. Even though Richard Pape in an earlier talk opined that the assault won’t come for another two weeks since as he and now mainstream media outlets point out, one MEU will not arrive until then, Johnson argues that the force assemblage points to the going after two targets, perhaps Kharg Island and Qeshm Island in the mouth of the Strait of Hormuz.

I am concerned that these excellent and other analysts may be underestimating what the US and Israel could do. The US has reportedly been bombing what it thinks are the entrance areas of underground missile cities, with the intent of rendering them inaccessible and therefore useless.

Israel could launch tactical nuclear weapons at those entrances, at least in northern Iran where I believe I have read that the fallout would not reach Israel. That could be executed shortly before the US ground attack with the hope of overwhelming Iranian responses.

At the top, Johnson says he has confirmation that the US air tanker crash in Iraq was due to a strike by the militias and not an air mishap as the US insists. Johnson also strongly contests the claim that of a 30-hour laundry fire on the Gerald R. Ford and says it has to be the result of an attack. He similarly pooh-poohs the US denial of an Iranian claim that it downed an F-18.

More key points from Johnson. From a transcript:

…when you see this kind of deployment, it can only be one of two things: it’s an exercise or it’s it’s a it’s an actual mission. I don’t see this as an exercise…the fact that it looks like they’re bringing in both SEAL Team Six and Delta Force by and by themselves, those are just, you know, they’re not they’re not an assault force. They’re good at RA, you know, rescuing hostages, that kind of thing, but you know, somehow they’re getting activated, but they’re being accompanied by the 75th Rangers. And I recall in all the exercises that I scripted, when they involved either Delta or Seal Team Six, you always involved the Rangers, you know, at minimum they go in and seize an airfield, you know, and and and accompany that. And then you got the 82nd. So it looks to me like what’s happening that 5-day. So that started on March 12th. March 13 was when Trump activated the 31st MEU, the Marine Expeditionary Unit. They started setting sail. When do they arrive in theater?
Friday or Saturday. Gee, that’s right at the end of that 5-day period.

The 11th MEU is about a week behind. But one scenario I could see as possible because they’re bringing in multiple uh elements of the special operations air regiment. It’s not just one unit. So that tells me they’re going to have two two vectors of attack at a minimum. And the likely targets would be Kharg Island up in the northeast corner of the Persian Gulf and the Qeshm Island which is right there at the bend of the straight of Hormuz.

Johnson discusses at length what a potential train wreck trying to take Qeshm Island would be. It has about 150,000 inhabitants. The US forces might be 5,000. What happens if 10,000 of the residents are armed?

More from Johnson:

I got a note I got a note from a friend of mine who was was in contact with somebody with Delta Force….He says… I heard from two different friends in the SOF community and that’s special operations forces that a bunch of tier one guys shipped out Thursday night for a major operation probably an island to take place by this weekend and that a lot of people were concerned the op had not been thoroughly thought through and that they’d be badly overexposed.

One guy said no effort was made at a blocking force. I and he said I hope they send a priest along who can who can give last rites, hich is not the kind of talk you usually hear from those types.

I have not seen this sourced elsewhere, but Johnson also said that if the US attacks Kharg Island, Iran has vowed it will mine not just the Strait of Hormuz but the entire Persian Gulf.

Now to Robert Pape. He warns that his work on escalation identifies four levels, and that when you cross into the third, which the US looks set to do, the pattern is that locks the belligerent into going all the way to the top. He points out that despite the unpopularity of the war, Trump still has a core of support that will not go anywhere of roughly 30%. He is particularly concerned that the US taking meaningful casualties will briefly increase US support for the conflict, thus stoking the tendency to keep escalating.

Contrast these two sober assessments with not “Russia is running out of missiles” but “Putin is dying of cancer” level stoking of the idea that the US military would of course prevail against Iran without even breaking much of a sweat. The fact that one ran in the Financial Times and the other Bloomberg suggests how hard this Administration is selling hopium to investor and managed to find cooperative and/or credulous editors and writers at each outlet.

Due to already being well behind schedule, I am treating these articles far more briefly than they deserve. I hope reader will access them and add to the ridicule in comments.

The first is at the Financial Times, How a US assault on Kharg Island could unfold. Even though it does eventually quote some experts that mention how this operation could be risky and hard, that not only comes late but gets comparatively few words compared to the wild bravura that opens the piece:

The American troops approach Kharg Island, flying low on tilt-rotor aircraft and helicopters. Upon landing, they fan out over the vital oil export hub, all under Iranian fire.

The troops stick close to the island’s oil infrastructure for cover, confronting the Iranian regime with an extraordinary dilemma: destroy the oil facilities to get at them? Or hold back, allowing Washington to take control of the country’s economic backbone?

Oh, so the Iranians will let fragile helicopters land and not use FPV drones to hunt any soldiers that do make it safely to the ground, a technique well-honed in the Ukraine war?

The cautionary notes early in the article are not very cautious:

“Introducing ground troops is clearly a riskier operation to our own forces,” said Karen Gibson, former director of intelligence for US Central Command, which oversees American military operations in the Middle East. Though the US is capable of taking the island militarily, she said, the challenge is “not just seizing the island . . . it’s holding it under continued pressure”.

Shortly thereafter:

As it weighs options, the Pentagon is set to deploy thousands of troops from the 82nd Airborne, the army’s elite paratrooper division. They are designed to deploy within 18 hours.

It is also sending two Marine Expeditionary Units (MEUs) to the region, each with about 2,200 marines….

Each MEU has an infantry battalion, air combat troops and a combat logistics battalion. Both the USS Tripoli and USS Boxer are carrying V-22 Osprey tilt-rotor aircraft. The USS Boxer also has stealth F-35 fighter jets and landing craft to launch from its well deck that could carry troops and equipment to shore.

One MEU would be enough to take and hold the island, according to former US military officials. “This is a classic Marine operation,” said Gibson. “This is the reason the Marines exist.”

Again, please read the article in full and have at it.

The second is from Bloomberg, What It Would Take to Reopen the Strait of Hormuz Remarkably, the full article is archived (Bloomberg of late has been allowing only partial archives), suggesting the publication very much wanted it read. It is in “assume a can opener” mode, as in finessing the issue of how the US (and any seaman-death-loving allies) can begin to muster enough ships that will stay not sunk as the Iranian throw all sorts of fire at them.

Admittedly they try to finesse the biggest part of “assume a can opener” that the war ends (as in does not become a long war) and the unarticulated assumption that Iran is not in much of a position to impede escorts:

A return to normal traffic through the strait is unlikely while war is raging. And once the conflict eventually abates, it’s unclear how soon sailings might resume and at what level. Merely the threat of Iranian attacks has left most ship operators unwilling to brave the journey since the US and Israel began to bombard Iran on Feb. 28. Their fear won’t be entirely dispelled once the fighting dies down, or even if there’s a formal ceasefire. Some form of naval escort is likely to be required at first, and such an operation presents a host of risks and limitations.

More “assume a can opener”:

Even after the fighting ends, ship owners lacking an Iranian guarantee of safe passage would likely still want some kind of military protection. Naval escorts could provide the necessary assurance. If that eventually restores a substantial level of traffic, it could alleviate some of the supply disruption and cool global energy prices that have soared since the conflict broke out.

Earth to buyers of goods from the Gulf: if Iran survives this war, you will pay a toll. Wrap your minds around the emerging reality.

But the article plays bigly on the cognitive bias called the precision, where more detail, even if irrelevant, makes a presentation seem more accurate.

It also gives an incomplete-enough-to-be-inaccurate take on the issue of Iranian tolls:

The vast majority of ship operators are either unwilling or unable to pay Iran a toll, so their only alternative is to wait until the conflict subsides. Three ship or cargo operators interviewed by Bloomberg News said they would not make a Hormuz run under any circumstances while the war was still raging.

The problem is that the premise that it would be ship operators would pay tolls is bogus. This is admittedly the likely state of play for vessels stuck in the Strait. A regularized charge would be the financial obligation of the party buying the cargo, be it oil or bulk goods, even if mechanically those funds were somehow conveyed to the ship operator who they paid the toll on behalf of the buyer.

This Hindustan Times update adds to the fact of the Iranian threat to go after Red Sea shipping via choking the Bab-el-Mandab strait. It describes in detail how Ansarallah has demonstrated that this sort of interference is well within its capabilities:

Hindustan Times describes how the choice of the successor to Iran security chief Ali Larijani was effectively forced on President Pezeshkian, reflecting how the IRCG is consolidating power and increasingly in control of the government. Keep in mind that Hindustan Times generally takes an Iran-sympathetic stance. However, Pezeshkian has not covered himself with glory in the runup to the war, regularly adopting naive US-accommodating positions.

Another important kinetic development is that an Israel attack on a Caspian sea shipping route used by Iran and Russia hit Russian port operations, eliciting strong words from both Kremlin spokesman Dmitry Peskov and Putin himself.

On the economic front, to add to the comments at the top, Asian nations are coming under more pressure. While Japan is believed to be better buffered than nearly all the rest, we posted tweets from Japan that posited that a plastics shortage could still kick in soon and have dire consequences for food distribution. The talk below depicts the Philippines, Thailand and even Australia as particularly exposed, with each at risk of running out of jet fuel by the end of April.

This segment also notes, as not enough media outlets have done, the significance of Iran escalating its demands via its five point reply to the purported 15 point US proposal (if you listen to the Hindustan Times segment on the Caspian Sea, you can hear Peskov pointing out how the information about the 15 points is not reliable, particularly in light of the US being reported as ready to present varying-numbers-of-points proposals to Russia in the Ukraine conflict). The Singapore-based expert opines that this is just an ask and China and Russia would not like Iran winding up in the position. The blindness astonishes me. Iran is in position now, save the formal recognition part. Possession is 9/10th of the law.

I am too far behind schedule and have to stop now. See you tomorrow!

____

1 Speaking of Araghchi, I have not checked the Reuters story, but tweets that cite MSM outlets are typically reliable:

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402 comments

  1. Ben Panga

    mash potato update:

    @realDonaldTrump

    1h
    NATO NATIONS HAVE DONE ABSOLUTELY NOTHING TO HELP WITH THE LUNATIC NATION, NOW MILITARILY DECIMATED, OF IRAN. THE U.S.A. NEEDS NOTHING FROM NATO, BUT “NEVER FORGET” THIS VERY IMPORTANT POINT IN TIME! President DONALD J. TRUMP

    —–

    @realDonaldTrump
    43mins ago
    The Iranian negotiators are very different and “strange.” They are “begging” us to make a deal, which they should be doing since they have been militarily obliterated, with zero chance of a comeback, and yet they publicly state that they are only “looking at our proposal.” WRONG!!! They better get serious soon, before it is too late, because once that happens, there is NO TURNING BACK, and it won’t be pretty! President DJT

    ——

    Trivial but the widespread misuse of “decimated” annoys me. Although maybe he does really mean 1/10 of the Iranian capability has been destroyed :)

    1. TimH

      misuse of decimated

      How about quantum leap, meaning large jump, where “quantum” actually is very small?

      1. Mike

        I think the more important point about “quantum leaps” is there instantaneous and indivisibile nature: a quantum leap is a sudden, non-linear state change with no intermediate states in between.

      2. LeMon3

        I’m with you ,Tim, the misuse of quantum (the smallest unit of energy in existence) annoys me even more than the misuse of decimate (10%). Given the legal repercussions of the appropriate response (a punch in the face), I just don’t interact with those people any more.
        Luckily I’m happy with solitude.

    2. You're soaking in it?

      Doesn’t smell real to me. Where is the “ThaNk you for attenTIon To this Matter!”?

    3. Wukchumni

      I’VE GONE STARK RAVING MAD, COMPLETELY BONKERS IF YOU WILL-OFF THE DEEP END. ATTENTION TO THIS MATTER HAS BEEN SLOW IN COMING, MANY SAY ITS THE SLOWEST RESPONSE TO A DESPERATE PLEA EVER! President DONALD J. TRUMP

    4. Dwight

      My understanding is that “decimate” has come to mean to destroy a large portion of, even though the historical meaning was as you say to kill 1 in 10.

  2. Retaj

    I know one in Thailand of a generation with early childhood memories of World War 2 who made disaster preparations early in the war. This includes stockpiling food, medicine, and having cash on hand.

    It’s unclear to me how many are taking similar steps with the modern information environment.

    Stay safe.

      1. The Rev Kev

        Maybe salt too. It is vital for your body, takes little space, and if you have surplus it can be used to trade for other stuff if things get worse.

        1. Yves Smith Post author

          I have plenty. For instance, I am getting a lot of pickled products like red cabbage. Plus soy sauce, another way to get salt.

          1. PROTECTOURFREEDUMBS

            I DON’T KNOW IF MY EXPERIENCE IS OF ANY INTEREST. SOME TIME AGO THERE WAS A 3 DAY POWER CUT AFFECTING AN AREA OF 100,000 PEOPLE WHERE I LIVED. SOME PEOPLE BROKE INTO AN ELECTRICITY SUB STATION AND CUT THROUGH COPPER CABLES TO STEAL SCRAP. TOOK 3 DAYS TO REPAIR. IN THAT TIME: NO STREET LIGHTING. PEOPLE USED CANDLES. NO TRAFFIC LIGHTS. NO TELEvISION, COMPUTERS, ELECTRIC COOKING. I COULDN’T USE MY RADIO – FORGOT BATTERIES. NO HOT DRINKS. ATE BREAD, CHEESE, CORNED BEEF FOR 3 DAYS. NO FUEL – PETROL PUMPS NO USE – NO ELECTRICITY. MOST LARGE SHOPS CLOSED – ELECTRONIC TILLS USELESS. A FEW ASIAN SHOPS OPEN, TAKING CASH. SHOPKEEPER WITH HURRICANE LAMP. MY NEIGHBOUR LOST ALL THE FOOD IN HIS FREEZER – BBQ’D IT IN HIS GARDEN AND GAVE IT AWAY. BANKS AND CASH MACHINES USELESS. JUST A FEW IDEAS. SORRY FOR THE CAPITALS. GREMLINS IN COMPUTER.

            1. Yves Smith Post author

              That happened in Alabama several times with my parents due to ice storms. Their neighbors came to stay with them.

              We also had that in NYC after Sandy. There was a no power zone below 34th street.

              We have a backup generator for elevators here. They work when power is out, along with the outlets in the lobby, so you can recharge small devices like phones.

              As indicated, cooked protein and sealed veg are fine for 24 hours, and due to the thermal mass of the freezer, will take ~3 hours to get to room temp

      2. Oregon Lawhobbit

        Having lived through the last great TP shortage here in the US, allow me to suggest that bidets are a better option. Sure they require water (and electricity for some of the portables, but there are a variety of “squeeze” ones) but if you don’t have water then you’re probably in more trouble than just a lack of TP.

        Hard to go wrong with the “many many trash bags” stockpile…”buy ’em cheap, stack ’em deep, as they say.

        1. Yves Smith Post author

          Only a man would conclude that. You have to use even more TP to dry your privates as a woman if you wash them down.

          And I don’t have a washing machine in my flat and I doubt laundries here would be keen about washing what would amount to adult diapers (cloth used to wipe), even assuming they stay open (detergent is distributed in plastic containers and if we have a plastics shortage that means laundries close).

          1. Oregon Lawhobbit

            I will plead guilty on the “man” part, but … I never knew that I was supposed to wipe after rinsing. I mean, my dishes air-dry and all that, so…..

            The important things you learn on NC!!!!

            1. Yves Smith Post author

              Look, a bidet does get you cleaner. No question.

              A while back, a reader long form described his approach which IIRC included very small towels, a very well-sealing small container next to the toilet, and a protocol for soaking in bleach before washing.

              But with no washing machine in my flat (and no communal ones, NYC style) the equation is different.

          2. Kouros

            Not really. My wife, who is a practical genius, installed a bidet on our toilet and then made some cloth pads, 15cmx15 cm , a bit thick, to wipe the wet parts. After generously using the bidet jet, there is little left to offend. And we collect the used cloth in a basket that gets laundered.

            1. Oregon Lawhobbit

              Which makes sense, though still does not work well with Yves’ living situation without a washing machine.

              Hmmm…..when I lived in Korea, while I had a washing machine (which just drained onto the patio, where it went into rainwater runoff) a lot of the apartments had these little portable “countertop dishwashers,” gizmos about half the size of a cube dorm fridge. I wonder if one of those would work for pad-cleaning purposes…

        1. Yves Smith Post author

          I think they feel bad about the three crewmembers that died when when Iran hit a Thai-flagged cargo ship: https://thediplomat.com/2026/03/thai-flagged-cargo-vessel-hit-by-iranian-projectiles-in-strait-of-hormuz/

          So this may be more an apology than a real precedent.

          Thailand is kinda-sorta close to the US but the country is run largely by Thai Chinese (who have been somewhat Thai-ified).

          And Thailand was never colonized due to having some skill at navigating among bigger powers, now the US and China.

      3. Festoonic

        Bidets that connect to your toilet supply line and sit unobtrusively beneath the seat are inexpensive and very easy to install. Once I got used to mine — in the first days of our never-ending pandemic — I have never gone without.

        1. Yves Smith Post author

          A variant is standard here. Informally called bum guns. Metal hose with spray nozzle on end..

          The point is to reduce toilet paper use. For women, it increases the amount you need.

          At my gym, the toilet stalls are hard by the dressing room. I never hear anyone using those sprays. And my gym is full of hi so Thais, hardly any women farang members. So it is not as if the almost total non-use by women is a cultural issue.

          Or rather, the use case for women is limited: before and after sex. After messy bathroom event.

          And I am in a rental. I can’t make pluming changes.

      4. Copeland

        Yves, do you use trash bags for other things besides trash? I’m sure refuse disposal works differently in your current location, perhaps they’re necessary, but here in the states, I’ve not bought trash bags for 30 years (pretty strict energy/petroleum conservation nerd). All refuse goes into the house bins loose (we have a separate compost bin in the kitchen, (I would never dream of using the dumb sink disposal), is collected and sorted for recycling each week, and then goes into the big bins that go to the street, also loose. For the last 20 years (various parts of Cascadia) we’ve had a yard waste/kitchen waste bin as well, all compost-ables from inside and outside the house (those that I choose not to compost myself), go in there and also goes to the street. I’ve had 6 different companies taking my waste and none of them have ever required trash bags. Yes, our bins get dirty at the bottom but easily occasionally cleaned. Nothing bad has ever happened other than an occasional windy night blows a bin over before pickup. Compared to the super-common occurrence of neighbors with bins so overflowing with refuse that the lid wont close, and crows, gulls, etc. get in there early in the morning scattering everything all over, our method is working fine.

        Thank you again for your hard work Yves, my heart is breaking hearing that you are suffering the effects of the war sooner than we are back here. Stay safe!

        1. juno mas

          Well, when those six companies no longer pick up your trash (no diesel, no plastic, no tires) then a pile of trash bags come in handy. They also make quick rain ponchos.

    1. Frank

      Also getting everything off the web and onto several hard drives. A net attached server might be a good idea, but I have several TB’s of retired hard drives when I went to ssd’s. I’m also enlarging my archive of e books from Manybooks and the Gutenberg project. Also have home solar panels and some additional ones rigged up so I can charge a couple of camping batteries for charging tablets for reading books.

      1. Yves Smith Post author

        I do not keep anything in the cloud (well only one service but they download their data back to me via e-mail daily). I don’t even let my iPhone synch to Apple Spyware Central. This means pretty much no apps, which is fine by me (phones are for calling and at worst photos; the computer is for the internet. If I did not have to make an exception for ride-haling, I would still have a dumb phone).

        But thanks for your suggesiton.

      2. karma fubar

        Before the war started, I went looking for an optical (think DVD/blu-ray) storage option to supplement the backup of my digital files. My starting point for serious gear is usually B+H Photo/Video. I found that Verbatim has been making for a few years an archival grade disc that is supposed to be stable for centuries. It apparently uses a metal layer for the writing of the data pits instead of chemical dye activation. The writers (Ultra HD 4K External Slimline Blu-ray Writer) are about $130, a 100GB disc is about $15, and a 25GB disc is like $3. The archival grade capability uses the “M DISC” designation.

        I have multiple hard drive backups of my data, but got one of these Verbatim systems for an additional layer of backup protection.

        *UPDATE* – when looking at B+H website for a Verbatim part number (43888) for the writer, they now list the unit as discontinued and no longer sell this item. B+H still has some off-brand M-DISC burners available, but many of the B+H reviews are poor. A quick google search showed other retailers that have the Verbatim writer in stock. If this is your jam, you may want to get one before they are gone.

      3. juno mas

        Solar panels and battery storage is essential. Although the Interwebs may go down, using this replacement power for a laptop and lighting will be a savior.

    2. Louis Fyne

      at this rate, plastic widgets from China will disappear until Hormuz normalizes.

      just look at your cart next time you are at Mega-Lo Mart to see how dependent a first-worlder is dependent on the Clown World triangle, lol

      10 PRINT mideast hydrocarbons to Asia
      20 PRINT Asian widgets to USA
      30 PRINT USD to Asia
      40 go to 10
      RUN

      1. vidimi

        I buy a lot of fishing gear from China. In the past month, I’ve gone on a massive shopping spree snapping up lots of tackle for loss-making prices. While shipment times to Western Europe have increased somewhat from about a week to two, prices have been lower than ever. I don’t know how long this will continue.

    3. Jason Boxman

      I’ve been very much thinking about this the past two weeks or so; Even in the US, people have no idea what’s coming, if this trajectory continues.

      I already have so much starchy carbs, not sure what else I’d stock up on. Soup is like $4 a can now, was like $2 pre-Pandemic.

      I only recently learned that you can’t keep gasoline long term; it breaks down. It needs fuel stabilizer, and still has a shelf life.

      1. Yves Smith Post author

        How about:

        Canned fish (tuna, salmon, sardines)

        Protein powders like whey protein

        I prefer refrigerator miso paste but have stocked up on those quasi instant miso soup kits which do have miso paste in little sleeves.

        Oils, you can get calories from a good olive oil

        Nuts and seeds

        Canned beans and lentils

        Canned mushrooms and some other treat canned or in jar stuff (hearts of palm, artichoke hearts)

        Dried seaweed

        If I were a cook I would go crazy buying canned tomatoes and tomato paste but I am not

        The problem here is I am in a rental with only a 2/3 American size refrigerator/freezer. When I was in Alabama, we had 2 fridges AND a full sized freezer.

        If I had freezer space, I would buy

        Frozen fruit

        Frozen veg (spinach freezes VERY well, if you like peas or corn or snap peas, those are good too)

        Raw meats

        Frozen shellfish

        Smoked fish (smoked trout freezes nicely, as does smoked salmon. I get salmon trim because cheaper).

        1. mrsyk

          In addition, I’ve been accumulating a very large stock of cat and dog food, and not just with our pets in mind. All my neighbors have dogs and half of them have cats, and I intend to have a large stash of good will. Keeping the neighborhood sane is going to be part of the challenge.

            1. Wukchumni

              Long shelf life breads are good for about 6 months out, and there are a number of bakers who sell a wide variety.

              1. Wukchumni

                p.s.

                Red Feather canned butter from NZ lasts for many years and i’d swear its better than most fresh butter, that good.

                1. Oregon Lawhobbit

                  It is! Got a lot of that stashed away, yup!

                  There are also a couple places for canned cheese which is, to my mind, better than no cheese at all. Though the very spendy Washington State University Cougar Gold is supposed to be decent.

        2. Ann

          I have a 20 foot shipping container dug into the hill behind the house. I have topped up our stash with:

          buckets of dried beans and peas
          milk powder
          dried fruit
          canned veggies, meats, jams, bouillon, honey, peanut butter, milk, coffee
          coconut oil, olive oil, ghee
          ready to eat meals
          lots of canned tomatoes
          big bags of salt
          dried noodles and pasta, both rice and flour
          buckets of rice and flour
          maple syrup
          dog food
          medications and supplements
          vegetable seeds
          dried squash and peppers
          lots of dried corn and apples in gallon jars
          plus more that I can’t think of without going out there and looking – will do that later

          I have three fridges and five freezers, all full
          We have a well with a hand pump above the electric pump which sits deeper
          We have a propane generator
          No toilet paper – we use a bidet
          We have a moving solar array, but it’s grid-tied (bad) because we are in a deep valley
          We have an orchard and two big gardens
          I have been canning my frozen meat like crazy lately
          We have a wood stove for heat and a wood cookstove in the kitchen – we have forest right up to the house – good for wood, terrifying for fires. I expect there will be no fuel for vehicles and aircraft to fight fires this summer, and we have a super El Nino coming.

          I don’t sleep well.

          1. Ann

            Oh, and I keep chickens
            I have lots of soap, bars and liquid
            I have sugar, but it’s for the hummingbirds, we don’t eat sugar
            I had bees but they all died
            I have neighbours who have cattle, sheep or goats, no dairy

            But all this won’t matter when there is no fuel for the tractors that make hay in the summer to feed these animals in the winter. There is no feed at -20 degrees.

            I have extra chicken feed, but not enough
            I’ll have to go get some this week
            We have a huge woodshed, full, but we’ll go get more wood this week and dump it on the ground – we don’t get much rain in the summer – everyone uses irrigation, so that will not be possible, either, so, no hay even if they had fuel

            There are lots of deer and we have guns, but when the shooting starts, the deer will high-tail it up higher in the mountains.

            Salmon are in the river, but only in October and you have to fight the bears.

            1. Peter Steckel

              Point to consider, when the shooting starts, there will be few, if any, deer left within weeks.

              One of the duties of America’s first Federal park ranger, north of Atlanta on the Chattahoochee in 1933/34, was to reintroduce white tailed deer in to North Georgia, as they had essentially been hunted to near extinction by that time . . .

              1. Oregon Lawhobbit

                I dunno – having watched how many experienced hunters shoot, I suspect that newbies out hunting will be more likely to reduce the population of newbies (and other hunters) rather than deer…

                @Ann: any problems with mice in the container?

                1. Ann

                  No, no mice. It’s all metal, and the food is all in packages that are hard plastic. The ventilation for the shipping container has metal grates over the openings.

                  As for the rest of this place, well, I don’t call it the Hantavirus Ranch for nothin’

                  1. Oregon Lawhobbit

                    “Hantavirus Ranch.” *snerk*

                    While waiting to hear, I was picturing cats doing shift work, locked in the container for 8 hours at a time, clocking in and out, with a few more for weekends and holidays….

                    Speaking of soap and goodwill, I have spent decades collecting hotel soap from various conference venues, figuring that those could be handy for sharing/trading.

              2. Ann

                Deer. There are so many deer here, mule deer. They sleep in the yard. They drink the bird bath dry every night. They have their babies every June in front of the house.

                I come outside in the morning and they don’t move. They just stand there and look at me and the dog. I have to run after them before they will get out of the way. We have ten foot fencing around the gardens and the orchard.

                This place backs onto crown land. There’s nothing up there but wilderness. British Columbia is as big as California, Oregon and Washington combined. The Canadian Rockies are an hour’s drive east of me. We live in the foothills. To the west is the Cascade range. There are not enough people here to make a dent. Unless the Americans come.

                1. Kouros

                  Reminds me of Argenta, where I lodged for a night at a sqatter farm run by a former Catholic priest and his partner, who once heard the forest singing and talking to her while planting trees… They had some horses and was all done manual and animal labour on their little farm in the forest – each year they had volunteer kids from the east doing work for food and shelter, just to experience the life.

          2. Jason Boxman

            We have a wood stove for heat and a wood cookstove in the kitchen – we have forest right up to the house – good for wood, terrifying for fires. I expect there will be no fuel for vehicles and aircraft to fight fires this summer, and we have a super El Nino coming.

            Great, another thought I didn’t have…

          3. Laughingsong

            I have numerous veg seeds too. As well as large sealed tubs of grains of all kinds, legumes, eating seeds, nuts. The freezers have tofu and tempeh, fruit, meat, bread. I also have ingredients for various unleavened breads. Cabinets full of various oils and bags of salt and pepper. I’ve already planted carrots, potatoes, radishes, spinach, strawberries, and peas. We’ve mature blueberry bushes and raspberry canes and a peach tree, and two of our friends have enough chickens to share their eggs.

            I still need to stock up on Bogroll, ibuprofen, and gas for the camp stove, and I wish we could have afforded battery backup for the solar.

            1. Ann

              Sounds good, Laughingsong!

              I forgot lentils. We have lots of lentils. And soybeans. Have you ever tried making your own tofu and tempeh? It’s not too hard, actually.

              You have planted already?? I can’t even dig in my garden yet – it’s frozen. I will be planting in late May.

              I love peaches. In our orchard we have two of each of these: peaches, cherries, pears, apples, high bush cranberries, hazelnuts, plums, apricots, and a long line of native saskatoon berries. One black walnut tree, one almond tree.

              1. Laughingsong

                I’m in the Willamette Valley in western Oregon, an hour by freeway south of the 45th parallel, so yeah we started planting the first week of March. The peas and potatoes are from seed, the spinach, carrots, radishes, and strawberries are from starts. The spinach and radishes were planted even earlier but have been under a portable passive greenhouse until recently.

                There are many apple and pear trees around my neighborhood and totally accessible, as in not in peoples’ back yards, and hazelnuts are common. Blackberries too are everywhere. I’m thinking of planting a plum tree and my neighbors have a persimmon that they share with us. Your underground setup and orchard sounds so wonderful.

                I’m lucky in another way: my friend makes beeswax candles in my garage, so we’re set for those as well.

                I just got back from getting more baking soda (a LOT) and baking powder, and some more salt. The soda and salt can be used for toothpaste , as well as other cleaning. Tomorrow I plan to get a big jug of white vinegar (already have a huge jug of apple cider vinegar for tonics) and top up the cooking oil, plus see if I can find some squash and tomato starts to keep under the greenhouse until May.

                But I’m nowhere near as prepared as you! Smart, and much foresight. Love that you’ve joined this community, you are a really great addition!

          1. Ann

            Shampoo. Don’t forget to stock up on shampoo. You can use soap, but it’s really hard on your hair, and if you have long hair, you won’t be able to comb it out afterwards.

            Deodorant, too.

            1. Copeland

              It’s starting to sound like the old archdruids Green Wizardry around here (not a bad thing).

              I’ve been using shampoo bars for years.

              Unrefined coconut oil + baking soda + arrowroot powder = deodorant.

        3. Jason Boxman

          Ah, absolutely perfect, thanks! I really do need to get more nuts, canned tomatoes, chickpeas, frozen fruit, I forget I can just freeze meat, it cooks best fresh, I have multiple 5.5 lb bags of whey protein powder here, so good there. Fish has always worried me due to mercury risk.

          I wish I had the sun for a mini-vegetable garden, but literally surrounded by trees, hillside, nothing except herb plants have a chance.

          Oh, in the early part of the Pandemic everyone panic bought flour. Maybe I should get some more.

          1. Yves Smith Post author

            The risk with fish is freshwater fish and fish way up the food chain, as in swordfish and tuna.

            Sardines and salmon are fine. I can get supposedly wild canned salmon.

            I can get low mercury tuna and that is what I buy.’

            You actually get a lot of mercury from the air.

        4. Kouros

          My sister rents just outside Pataya (I think about 150 Euro per month) and she lives in a house with backyard, has some banana and mango and some other fruit trees, pets, plus washing and all other things.

        5. PROTECTOURFREEDUMBS

          YVES, SEE MY POST ABOVE. FREEZERS ARE NOT A GOOD IDEA – NO ELECTRICITY. MY NEIGHBOUR LOST A WHOLE FREEZER FULL IN A 3 DAY POWER CUT. THINK NO ELECTRICITY, NO SHOPS, NO PETROL PUMPS, NO MOBILES, NO CASH MACHINES – FOR STARTERS.

          1. Yves Smith Post author

            You don’t “lose” food in a freezer except for raw protein. Cooked protein and frozen veg will be fine from a safety and nutrition perspective with a thawing and refreezing, particularly if they were sealed. They can both be at room temp for 24 hours. The texture will suffer due to a second formation of ice crystals.

      2. Randall Flagg

        I might suggest getting Non/Ethanol gas if you have to try to store any of it. Should keep a little bit longer. Still need to add fuel stabilizer.

        1. dougie

          Amen! I own a repair shop, and yesterday they raised the limit on ethanol that can be mixed into gasoline. It is now 15%. Ethanol is highly corrosive, and will cause problems if you use too much of it in a fuel blend.

        2. Oregon Lawhobbit

          As I understand it, gasoline will “gas out” if you have those red plastic containers. Metal cans and something like StaBil are good.

          Though I’ve tested – by using it – gas stored for two years in metal jerrycans. No problems, but YMMV.

      3. kareninca

        Augason Farms orange delight, or the equivalent. It is like Tang. You may find you are desperate for something like orange juice.

        Canned veggies while you can get them (green beans, beets).

        Canned tomato paste; it can be a sub for catsup or tomato sauce.

        Powdered milk.

        Onion powder and garlic powder and dehydrated onion flakes. Cayenne pepper.

    4. Wukchumni

      Remember in the run up to Covid, everybody on NC knew something was gonna go down in January and February of 2020, but only on around March 10th did the proles get the word-which is when the panic and fistfights over toilet paper took place,

      You can panic now at your leisure…

      At the time in 2020, getting gasoline was the least of our worries, and all the items made from petrochemicals. Never mind actual gas shortages, ala 1973 & 1979.

      You wonder if Galligula sends in ICE to be gas station convenient mart ad hoc employees?

      1. Peter Steckel

        Yes! I bought and filled a 7 cubic foot deep freeze with meat and other essentials in early February 2020 due to NC. It saved our ass in 2020 to present. Thank you, commentariat!

        1. Ann

          Grains. I forgot the grains we have. 5 gallon buckets with gamma lids. Wheat, rye, buckwheat, oats, barley. I have lots of Red River Cereal. Wonderful Canadian mix of grains.

          Of course we will probably lose everything by fire. I had planned for this summer to replace the siding on the house with fire-resistant siding, but now I don’t think that will happen.

          I’ve been preparing for this since 1970. I’m now 78 years old and sick with Mast Cell Activation Syndrome. I don’t think I’ll make it through, but someone may be able to live here, if not me.

          Douglas Adams put this into the mouth of his 3.5 billion year old ghost in his novel, “Dirk Gently’s Holistic Detective Agency” “We left behind those who would destroy themselves with war…Ours was to be a world of peace, of music, of art, of enlightenment… There were those who said we would fail… who propheesied that we too carried in us the seed of war, but it was our high resolve and purpose that only art and beauty should flourish… We took with us only those who believed, who wished it to be true.”

          Then the ghost resolved to completely destroy the entirety of life that sprang into being when his expedition failed to secure Earth for themselves. Thus proving that the doubters who said they, too, carried the seed of war were correct. And so it will be with us. Even if only a few survive, and resolve that “it will be different now” and “never again” that it will indeed be so again. And again. And again.

          1. JP

            Also, cheese – the two-pound shrink-wrapped loaves of Tillamook cheddar will keep (and improve!) in a refrigerator for at least three years. Also, if you want a better class of cheese, the Coastal Cheddar available inexpensively at Costco (vs. supermarket prices) will keep for years too.

            1. Oregon Lawhobbit

              I have had unopened loaves get moldy now and again. Since it’s hard cheese, that gets cut off and the rest is still okay, but if you’re stocking up on Tillamook loaves … keep an eye on them.

  3. Ben Panga

    Per DD Geopolitcs

    An oil tanker operated by Turkish company ALTURA has been struck by drones in the Black Sea, 15 miles from the Bosphorus.

    A powerful explosion was reported and the crew has requested assistance, according to Turkish channel NTV. The attackers are unknown

    —-

    Who would do this?

    1. JohnH

      Why would they do this? I wondered the same thing. It seems like Ukraine is trying to reduce the world oil supply even more, which is like shooting yourself in the foot.

      My only explanation is that Netanyahu’s clone Zelensky got a message from Israel to punish Russia for its support of Iran.

      1. Dwight

        Iran has given permission to Turkish and Spanish vessels. Maybe a disincentive for NATO countries and Japan to seek or accept such an offer.

        1. Yves Smith Post author

          Huh? Japan has had some of its ships pass already.

          Japan also has its PM visit Iran, IIRC in 2019.

          Thailand negotiated having one of its bulk carriers get out free of charge.

    2. lyman alpha blob

      Most of the comments seem to think it was Israel or Ukraine. One claims the ship is run by a Turkish company, but operates under a Sierra Leone flag and is owned by an Iranian individual. How any of these anonymous commenters know any of this is unclear…

      All I know is Uncle Sugar does like to distribute weaponry and hard drugs far and wide. We may get Armageddon just because some jacked up commando with an itchy trigger finger did one too many lines of coke.

    3. Old Jake

      I recall that earlier in this war a number of ships trapped in the gulf were reporting running low on essential supplies – food and potable water. At the time they were being refused at the ports. If that has not been addressed they are past being in dire straits. I have seen nothing of late. I’m hoping that has been addressed.

  4. vidimi

    Interesting that the Israelis have no interest in killing Pezeshkian. If they want to eliminate all the moderates to ensure continued US involvement, then surely, no one in Iran is more moderate. I can’t imagine that Pezeshkian being elected would make the slightest difference to them, so the only thing that makes sense is that he is already their Iranian Mahmoud Abbas.

    1. Kouros

      Pezeshkian is probably more than a moderat, but one that would just give the keys to the city… He is a keeper.

  5. The Rev Kev

    I’m beginning to think that all this talk of seizing islands is just a head fake and Trump’s real objective is to occupy Iran’s oil fields. Consider. He regretted that the US did not simply take Iraq’s oil fields after the invasion. When President, he took Syria’s oil fields for himself. In Venezuela he made no secret of the fact that what he really wanted to do was to control their oil fields. And weeks ago he and others were talking about taking control of Iran’s oil fields so as to make ‘a ton of money.’ As for the fact that all the forces being assembled are either Marines or elite forces, that would be Pete Hegseth’s doing as he has a hard on for special forces troops.

    1. IEL

      SOF and Marines are the most expeditionary of the US forces, so that is pretty standard. The (non-SOF) Army has a heavier logistics tail.

      1. The Rev Kev

        True, but that also means that they are ‘light’ infantry and depend on follow up forces of heavy infantry & support before they get hammered. Now that I think about it, I wonder how many Iranian observers have been serving with the Russian forces in the Ukraine to learn how a modern war is fought. probably more than a few.

        1. James McFadden

          I think it worth considering that Trump will only accept total domination this time and therefore will continue to escalate. A TACO at this point is too costly for him both politically and for his personal profits. As the below article outlines, escalation continues to make money for his Mar-A-Lago syndicate.
          https://thedemocracydefender.substack.com/p/iran-war-we-follow-the-money-to-mar
          In addition, the US empire relies on controlling choke points in all flows – finance, energy, food – and therefore will not accept Iran having control over one of the primary choke points.
          To make the ultimate escalation acceptable to the American public he will need both a major false flag on US soil and a large troop sacrifice. It looks like the troop sacrifice is in the works in the next week or two, which could be followed by a false flag blamed on Iran. Trump’s sycophant entourage would then deem this as justification for nuclear strikes on “claimed” military targets – either by Israel or the US. And if surrender doesn’t come, and surrender by the IRGC seems unlikely, more strikes beginning on major Iranian cities with the excuse – “they are not human and we have to do this in order to save the global economy.” Once the first nuke is used, the downside on American public opinion for using more nukes would be much lower. At which point one has to wonder how long before Iran can build their own nukes, if they have not already done that — and then Israel would likely disappear. Since this war is not about Israel, but about maintaining control of the choke points, the war might continue after Israel is destroyed and as the global economy dies. When a crazy person, surrounded by sycophants, is in charge, we might want to expect the worst. No saying how far WW3 bombings will spread.

    2. ilsm

      Oil and Israel, the assassins’ war.

      Trump needs to grab the oil fields formerly belonging to Kuwaiti royals. Except for the Green Zone and Erbil US has evacuated Iraq.

      I doubt a couple battalions of marines and a light brigade of airborne soldiers is enough.

        1. Ann

          France’s Finance Minister Roland Lescure revealed on Wednesday that between 30 and 40 per cent of Gulf refining capacity has been damaged or destroyed by Iran’s retaliatory strikes, leaving a shortage of 11 million barrels a day on global oil markets. Lescure warned it could take up to three years to restore damaged facilities, and several months to restart those that were urgently shut down.

          https://www.france24.com/en/france-confirms-oil-crisis-says-30-40-gulf-energy-infrastructure-destroyed

    3. Safety First

      If the Pentagon is in any way sensible, this thing won’t be an occupation, but a raid. In, out, declare victory. But a raid means either destroy something – and what could they hit that cannot be hit by missiles? – or capture someone, which is not feasible in this case.

      Unless they’ve got coords of a specific drone or missile base, and they somehow feel taking out that one base with ground troops is a game-changer. Which I highly doubt it would be.

      Of course, the Pentagon has to date adopted the stance of – let Donald be Donald, and we’ll put all the blame on him when it’s over. So let’s posit an occupation.

      – It has to be a place reachable by helo from Saudi or UAE airfields.
      – It has to have something to do with oil or the Strait of Hormuz.
      – It has to be something that can be taken by a few hundred guys (so NOT Bandar-Abbas, a city of >500 thousand).
      – It has to be flashy. Because The Donald.

      I suspect it’ll be somewhere around the Strait. Maybe one or more of the three Iranian islands around it. Maybe the coast in front of Bandar-Abbas – the thought being, any approach to the coastline in that spot is open ground. A key part of the plan has to be USAF/USN switching operations to both interdict any Iranian troops moving up, and to kill on sight any Iranian attempt to launch missiles or drones (or wheel out mobile artillery) within a 50-100 mile radius. Given the terrain around the Strait, and the distance the planes have to fly, I am not sure this is sane, let alone feasible.

      Kharg Island is, of course, another possibility – as would be the refinery and port at Abadan, by the way – but these are too far up the Gulf. On the other hand, idiots like Kellogg have been talking specifically about Kharg, so who knows.

      Honestly, if the goal were to interdict Iranian oil exports as a means of blackmail, then the US has ship and air assets OUTSIDE of the Gulf, which Iranians would be hard-pressed to touch. Yes, it’d be some work hunting down individual tankers, but not impossible, especially if you shift to operating off Pakistan instead of next to Oman.

      1. vao

        “[…] or capture someone, which is not feasible in this case.”

        Now that you mention it, it strikes me that taking hostages amongst the civilian population is a favourite Israeli tactic. Plenty of Palestinian children, women, old people, medical personnel, etc, languish in Israeli detention centres under atrocious conditions. Imn the USA, ICE has got into the habit of organizing roundups of illegal aliens — and of not being too particular about whom they arrest, swooping green card residents, citizens of the USA, and tourists.

        Capturing a couple thousands Iranians and using them as a trump card when haggling about the end of the conflict would be consistent with the mentality of those who started the war.

    4. Howard L

      If the US goal is to capture Iran’s oil fields, then I can see an attack on Abadan with the intent to eventually control the Ahvaz oil fields. There is a nice airport in Abadan. Of course, this is all crazy talk. Iran’s retaliation would be severe and lead to a worldwide economic depression.

    5. dingusansich

      Shorter Trump while campaigning: the U.S. should never have gone into Iraq and should keep the oil. Same with Syria. Always the same.

      Trump’s story arc inverts that of Little Caesar. Ordinarily such narratives follow a path from street thuggery and traditional gang violence to ostensibly legitimate business. Trump turns that on its head. He has graduated in reverse. He seems to find fulfillment, like his sadomasochristian warrior chief, Smedley Butler before he lost his way and renounced his accomplishments as an imperialist gangster. Reneging on contracts in a white collar is all great fun, but can it compare to putting them out on whole nations?

      All to say, a plausible speculation. However, as the experts would say, desires are all well and good, but what are the capabilities? They may not be what this smash-and-grab Caesar thinks they are.

      1. KD

        Not sure how widespread the aging-geek contingent is in the commentariat, but Trump is reminding me more and more of the character arc of Elric of Melnibone, but with Bibi & Co. instead of Stormbringer. There are some differences, Trump completely lacks the humanism of Elric, and more resembles the classical Melnibonean ruler than Elric, but the story arc is proceeding in a similar vein.

        1. Spastica Rex

          Maybe Trump had relations with a cousin? Or something like that?

          I can certainly see his connection to the Chaos Lords.

        2. WillyBgood

          Scary. Trump could see himself as Elric and this is his chance at Imrryr. How did that sea battle up the canyon go?

        3. Laughingsong

          Trump is certainly NOT the Eternal Champion! But Bibi as Stormbringer…. Yeah. At the end of the last novel, after Stormbringer kills Elric (sorry for the spoiler to those who haven’t read Moorcock!) it says “Farewell, friend. I was a thousand times more evil than thou!”

          Bibi in a nutshell.

        4. Jason Boxman

          I think I first heard about Elric 15 years ago from NC, read the collection twice over since then.

        5. Carsten

          I hope you’re aware of the psychic damage you inflicted on me by having to imagine Trump in Elric’s wardrobe could reasonably be called cruel and inhumane.

    6. Solideco

      I was/am thinking the same thing about a head fake re seizing islands. Given everything I’ve read including this post and it’s embedded videos, trying to take any of the islands seems at best foolish, and will commit solders to certain death. So I find it hard to believe that it makes sense, and can only hope that the military commanders will balk if this is the actual plan.

      So:
      1) Head fake?
      2) Being done for purely political/PR purposes?
      3) WH war planners are stupid/irrational?

      If it is a head fake then the questions becomes?
      1) Is it all negotiating ploy?
      2) What are the actual likely targets?

      1. Yves Smith Post author

        The problem is there is really not much else to do.

        They could try invading from Iraq (which did not work for the Iraqis back in the day of the Iraq-Iran war, when Iran was not much prepared). But we lost the base in Erbil and the Iraq militia will be able to do quite a lot to impede that sort of operation.

          1. The Rev Kev

            When Yemen shut the Red Sea there was talk of sending in ground troops but Scott Ritter demolished that idea because there are not enough troops nor time to build a mountain of supplies that would be needed to support them.

        1. Solideco

          Agreed.

          They have to attack from a border as trying to land any force in the middle of the country will almost certainly be shot down. And if they do get in, they are very unlikely to get out w/o being captured/killed, so a suicide mission.

          Attacking one or more islands with personnel will only get people killed. So doing so seems at best a PR move to rally the American public with the deaths of American troops.

          Expecting this is a head fake, I guess the more likely option is some sort of beefed up bombing campaign which is about the only other option (that I can think of).

          1. vidimi

            unlike in Venezuela, they cannot just stay offshore for weeks pirating fishing boats so the moment they get to within 100 miles or so, they become targets so would need to be relentlessly supported from the air from that point on. heavy bombing campaigns to support the landing troops will need full air superiority and that is not yet the case.

          2. TimH

            So Iran would be best simply containing the expeditionary forces until they surrender, rather than killing them. It’s not likely that the SOF would be in the mood to fight until death for this one.

              1. Revenant

                Hardly. The expeditionary troops have been sent to die spectacularly on camera. If Iran won’t nuke them, the US will.

            1. Copeland

              Yes, this makes the most sense when battling insane, nuclear armed opponents. Let USA take whatever tiny bit they want, prevent any resupply, surround the incursion, take out air support as needed, and let them sit and think about what to do next. Maybe send in a trickle of food, water and meds to make sure nobody dies. Jerry Seinfeld could be allowed in to keep morale up!

        2. Lefty Godot

          I wonder if they aim to retake Iraq (where “we” seem to be down to a besieged garrison at Erbil), coming from a mustering spot in Jordan, and then use that to bootstrap attacks on northern Iran. Another possibility would be mustering in Saudi for an attack through Kuwait. Trying from sea or air directly for one of the islands, or even a beachhead on the coast near Baluchistan seems like you’d be concentrating your troops up at the front of a shooting gallery. And dropping paratroopers deep into Iran would be a suicide mission, although they might be able to blow up some stuff or take some hostages first. I guess sending troops against Lebanon (from Jordan) or Yemen (from S. A.) would be other not quite so insane options, although maybe not dramatic enough for Trump to ballyhoo. The Axis of Resistance should be heavily targeting any sites on the ground that might help coordinate whatever the operation is, like US embassies (especially the huge complex in Beirut and the Iraqi “Green Zone”).

          1. Mikel

            “I guess sending troops against Lebanon…”

            Since I haven’t yet seen any location tracking (it could be out there), I’ve been wondering about that too.

          2. Mikel

            From links today:
            Hezbollah sets unparalleled record: 87 operations strike ‘Israel’ – Al Mayadeen

        3. Oregon Lawhobbit

          I’m still going with the fringe idea that they’re not there for purposes of invasion, but for piracy and seizing ships that have cleared the Strait and sending them off to other destinations.

    7. Chet G

      The island in question may be Greenland. Perhaps taking Greenland would give Trump a “win”?

    8. Europolit

      DJT doesn’t have to occupy oil fields.
      Destroying as many possible oil drilling, refining and shipping facilities outside “his” continent of both Americas will do.
      “His” oil will be sold at monopoly prizes to whom he wants, generating surplus cash-flow for U.S. energy companies and power over anyone dependent on energy imports for HIM.

        1. Stev_Rev

          He overstates his case by a country mile. US refiners produce about 5 million barrels of naphtha per day. Only about 250,000 million bpd gets exported. If that export channel ceases to exist, that would mean a cutback of less than 1 million bpd production out of the Permian, and reduction of US refinery utilization from a historically high 96% to a still very good 92%.

          US refiners have been adapting to light grades for over a decade, this is not a new phenomenon.

          1. Yves Smith Post author

            We import a great deal of oil because needed refinery mix.

            We are a net importer of crude.

            60% is from Canada.

            And what about this issue?

            The second is a reliance on Canadian Synthetic Crude (SCO). However, this ‘upgraded’ product is extremely natural gas intensive, requiring hydrogen derived from the domestic market. While the US imports relatively little Middle Eastern crude, it remains critically dependent on ~300,000 barrels per day of finished diesel imports—concentrated in the Northeast where refining capacity no longer exists. When global refining seizes, those imports stop. Regions that voted to ‘drill baby drill’ will soon discover that producing light oil in Texas does nothing to heat a home in New England.

            1. Stev_Rev

              The hydrogen that is needed to upgrade the oil from the tar sands is made from natural gas that is also produced in canada.

              The US consumes almost 4 million bpd of diesel. Maybe it is just a matter of degree, but a loss of 8% doesn’t seem ‘critical’.

              How do you figure net importer? US imports about 6.5 million bpd of crude and 2 million bpd of petroleum products, and exports over 10 million bpd of crude and refined products.

              https://usafacts.org/articles/is-the-us-a-bigger-oil-importer-or-exporter/

            2. Stev_Rev

              The US is a net exporter of petroleum and refined products: https://usafacts.org/articles/is-the-us-a-bigger-oil-importer-or-exporter/

              Hydrogen used in the processing of oil sands in Canada comes from Canada, so has no relation to the production in the Permian.

              The US consumes about 4 million bpd of diesel, so the loss of 300k bpd in imports would be felt locally in the Northeast. I guess it is a matter of degree, but I would not call that “critical.”

              1. Who Cares

                That is not how it works. The gulf coast refineries are optimized for a specific mix. That included, before sanctions, Venezuelan crude for which the middle east heavy was a replacement. Problem with Venezuela is that the sanctions also played havoc with the extraction industry and it is still trying to honor running contracts. So even the attempt to get more oil from there isn’t succeeding. This means that the refineries don’t just produce 300k barrels of refined product less but that in the worst case scenario they don’t produce anything at all, the more likely scenario is, aside from reduced production, a bigger loss then just 300k barrels of diesel and other heavy refined products while possibly adding a glut to lighter refined products.
                Add to that that, due to the market being international, that the exports have increased by at least 10% the past month, and is still increasing, and the gap increases.
                Finally it takes another week or three (longest transit time is about 50 days) for the last tankers from the middle east to arrive in US so the crunch hasn’t really hit yet.

                1. Stev_Rev

                  No. Venezuelan crude was replaced by Canadian crude. You can check this by looking at the history of imports on the EIA website. Ever since the rise of fracking in West Texas and New Mexico, many of Gulf Coast refiners have slowly changed their operations to accept lighter grades as inputs. The trend has been to move away from refiners producing fuels (which has relatively slow growth and is anticipated to decline in a few years as more and more e-vehicles become part of the fleet) to producing higher-margin chemicals.

                  https://www.api.org/energy-insights/charts-analysis/us-primarily-imports-heavy-crude-oils#:~:text=Over%2060%25%20of%20U.S.%20crude,help%20meet%20domestic%20refining%20needs.

                  While every refinery is different, the optimal API is 35-40, that is what gives the highest yields of fuels. Lighter grades (Brent, Bonny Light, LLS) are preferred worldwide because just about every refinery can use them and this is reflected in their price premium.

          2. Darthbobber

            Even were this all true (and I see some potential flies in the ointment), the effects elsewhere would still lead to significant shortages of numerous other things, some of them quite vital and many on a very short clock.

            And the lack of a literal shortage does nothing to prevent rising prices (already up a buck here in Philly since this thing kicked off).

            And all past efforts to reserve American oil and gas for American use (as opposed to whoever will pay the most) have consistently come to naught politically. The industry is one of Trump’s bigges5 backers, so he certainly won’t go 5here

      1. urdsama

        Except Iran has clearly stated they will turn the GCC oil fields “to ash” if their fields are attacked or damaged. No amount of US oil can fill that void (on top of what Yves already mentioned).

        Welcome Global Depression.

    9. (Not that) David Cronenberg

      Alfonso de Albuquerque. Persian textbooks might have glossed over him. He built a fortress on Hormuz Island in the early 16th century that allowed the Portuguese to control the Strait for one hundred years, and fold some kingdoms in the process. I’m sure the Persians paid a lot of schills to talk smack then, too.

      Taking Hormuz Island and the Bandar Abbas airport will kick off two of many operations: A) Operation everybody but Teheran gets to use the Strait; B) Massive, uncontested air support for angry minorities slash former Artesh (army) conscripts to march north. The IRGC will entertain a dilemma at every juncture: assault the anti-regime agrarian uprising barreling at them, or deal with the revolt of the urbanites behind them whom they failed. The two movements need not even be ideologically aligned. The answer is “take off the IRGC uniform and wait”.

      The IRGC know what’s coming. They’ve been attacking SAR Medevac UH-60s parked out at Baghdad Intl with FPVs. They know Serbia lasted 40 days under an allied air campaign before capitulating. IRGC commanders don’t have a lot of time left to capture a pilot POW under which to hide.

      1. pjay

        So the original story – that much of the population will “rise up” against the existing regime – was accurate after all! Nice to know how it will all work out.

        Obviously those stupid Persians don’t know their history. But out of curiosity, how many missiles and drones did they have to use against the Portuguese back in the 16th century? And those cowardly IRGC commanders hiding behind captured pilots and shucking their uniforms… they don’t stand a chance against the brave forces of the US and Israel fighting for Freedom and Truth and Justice. Can’t wait ’till that oil starts flowing again!

        Thanks for the morning laugh.

      2. hk

        And who exactly is going to pull this off? You say Afonse de Albuquerque and I raise King Sebastian, if we are into Portuguese personages of the Age of Discovery.

      3. lyman alpha blob

        Still rooting for the colonizers and hoping the brown people will rise up in support of their Great White Liberators? That is so 16th to 20th century!

      4. Vicky Cookies

        The NATO bombing of Yugoslavia lasted 78 days, not 40, and was largely unsuccessful, militarily; it was Russian signaling of a cessation of support which ended things.

        As for the history, why not bring up Galerius and Narses? It’s apples to oranges.

        The hit on the helicopter in Iraq was by PMF, not IRGC. I don’t know that enough information is publicly available to conclude coordination in every case.

        In short, you’ve got a lot of confidence which I don’t have in knowing the outcome, especially for what is on this blog a heterodox position.

      5. Christopher Mann

        Sounds like a cracking screen play you’ve concocted there, David. You could have the kids from Red Dawn make a cameo. Fck Yeah! Team America!

      6. redleg

        Militarily taking something is actually the east part. Holding it is what’s hard.

        Rule of thumb:
        Tactics is getting troops in.
        Operations is keeping the troops there.
        Strategy is getting the troops out.

        The US doesn’t have the resources for strategy, and might not have the resources for operations.
        This is what Dr. Pape is concerned about: tactical victory but strategic defeat results in escalation.

    10. Es s Ce Tera

      What is the possibility the intent is to seize and hold the length or a given length of the Iranian coast along the Strait of Hormuz? Establish an Omaha and Utah beach? This would align with US/Israel bunker bombing various coastal targets, whatever they were, softening up the coast.

      Should we be looking at where along the coastline this might be feasible/infeasible? It would probably be a good idea to get an idea of what those bunker busted targets were, and where on the map, and what is the topography, what coastal defenses are in place.

  6. WJ

    Thank you, Yves. Regarding your concern that “these excellent and other analysts may be underestimating what the US and Israel could do,” I concur. WarMonitor (@warmonitors) is reporting that two senior US officials and two sources “with knowledge of the matter” say that the US may coordinate “ground forces” with “a series of massive bombings.” It would not surprise me if these bombings involve tactical nuclear weapons. The more I think about it, the more it strikes me that the US probably sees an overwhelming nuclear attack combined with ground invasion as their only chance to enable the ground troops to penetrate.

    1. lyman alpha blob

      How many ground troops are going to rush into an area that just got nuked?

      In the Larry Johnson video in the post, he mentioned a remark from some operator about making sure there are enough chaplains to read last rites if there is a ground invasion, or something to that effect (sorry, only half listening to it in the background).

      If morale is already that low, will these troops rush into a radioactive nightmare, or turn on those who ordered them to?

      1. earthling

        Unfortunately these ground soldiers refusing suicide orders would find themselves stranded 7000 miles from home. It’s not like our own Civil War where a deserter could slip into the woods and start hitch-hiking home. These guys have been given a kamikaze mission with no way out.

        But, for those still stateside, we are going to have a rising wave of illnesses, disabilities, and conscientious objector applications, even suicides, with enlistments crashing to the floor.

        Isn’t this how the overextended Roman Empire crumbled, with far-flung legions wondering what the hell they were doing?

          1. Oregon Lawhobbit

            That could be a decent movie title… “Anabasis, 2400.”

            The 82nd Airborne, dropped into the middle of Iran, stranded without logistics, fights its way out across the raging Persian hordes.

      2. Revenant

        Very dangerously, minimal residual radiation nukes are a thing, as in a part of US nuclear arsenal and something with a doctrine of use. So a an airburst tactical nuke can be sub 1kt yield and 99.9% “clean” fusion, leaving you with the prompt radiation and the fireball and blast wave to.worry about but not really fall out.

        There have been several suspicious large, bright explosions with stratospheric mushroom clouds rising from plasma columns, in Syria, Russia and Iran in the past decade. Many of them are claimed to be arms dumps but show no secondary detonations….

        Either the marines are being sacrificed on taking Uranian territory to justify tactical nukes in the open or they are for use elsewhere (Iraq at Basra; Lebanon; the Oman to take Musandum; maybe even Israel to deal with the crazies or worse help push the Palestinians out when Iran retaliates and bombs the water…).

    2. Paul J-H

      This question is naive and maybe not relevant, but what happens if there are nuclear explosions close to Pakistan and not too far away from Russia?

      Russia is supposed to have some kind of detection system, but this is for ICBMs only I guess. But nuclear attacks are a threshold that must not be crossed because who knows what happens “automatically” after that?

    3. KD

      The issue is not whether the US can penetrate whatever their objective may be. The issue is how the US maintains logistics and resupply to the troops holding the objective.

      In a direct face-off between Iran and the US, given the US population advantages and economic advantages, Iran is at risk of losing conventionally. But that would require a draft, conscription of millions, total restructuring of the US economy toward war production, ending the defense contractor grift, and a determination to fight for a decade, in a conflict in which the US has no national interest and which is already politically unpopular. It would also make it nearly impossible for the US to project force outside the ME. US elites are not going to agree to giving up financial looting to focus on winning a total war than US citizens are going to agree to give up their lives to make AIPAC happy.

      The US and Israel can do great damage to Iran and its proxies, but so did Iraq. Iran has escalation dominance, and can end Israel and the Gulf State monarchies in all probability, as well as destroy all the oil infrastructure in the Gulf, reducing world oil supply by 20% for an indefinite period of time.

      Germany had the greatest army in the world, and an intention to create a “Greater Germany” in Eastern Europe. Relying on bad intel as to the capabilities of the Red Army, they preemptively attacked the USSR. They did great damage to the USSR, but lost the war because of German Intelligence failure. If Israel has significantly misread Iran’s capability, they will likely suffer the fate of the Germans unless they quickly discover an exit ramp. All the open source evidence suggests that they not only misread Iran’s capabilities, but Hezbollah’s capabilities as well.

    4. bob

      ” to enable the ground troops to penetrate”

      Penetrate to what? Great, you got onshore. 400 miles over mountains and desert to Tehran.

      With the numbers of troops they are talking about mobilizing, this would be a suicide mission. It would be very difficult with 100’s of thousands. And those 100’s of thousands would be taking on 100 million natives, making friends the whole way…

      None of the simple math works on any of this.

  7. HH

    The cartoonish view of elite ground forces as invincible warriors is about to encounter unyielding facts of unfavorable geography and logistics. Trump has a slim chance of pulling off a quick raid with minimal casualties, but it would be militarily insignificant. Anything more ambitious would likely be a bloody disaster.

    1. Richard Kline

      “C’est magnifique, mais ce n’est pas la guerre: c’est de la folie.” Direct operationanl analogy.

  8. DJG, Reality Czar

    The Furkan Gözükara twiXt: Iran demands.

    Take a moment to read that Xitter again, but this time, substitute the word Russia for Iran.

    Things suddenly become even more clear than ever. Not to your liberal friends, though. Not to your Republican friends.

    The wars in Russia and Iran are of a piece. The genocide in Palestine is a U.K. and U.S. operation to conduct these wars by other means.

    The model, I submit, was Yugoslavia. Note the absurd hunger for dismantling the Russian Federation and and Iran by the likes of Kaja Kallas, Hillary Clinton, and Lindsey “I Only Pretend to Be a Lawyer” Graham. A scandal has broken out in Italy because journalists have uncovered and reported travel by hunters and sharpshooters from Italy to Bosnia during the Civil War there to engage in target shooting in Sarajevo. Yes, murder tourism.

    The banality of evil, the banality of evil. And the impending No Kings confab has no solution to drag the U S of A out of its moral degradation.

    1. Carolinian

      And yet perhaps there is something especially horrible about the mindset that has been allowed to evolve in Israel. So one might wonder whether the tail is also wagging the dog intellectually. Hedges interviews Gideon Levy.

      https://chrishedges.substack.com/p/why-israel-wants-a-war-with-iran

      We were told all kinds of things by the education system. At this stage, it’s really the education system. We’re told all kinds of things which basically conducted or concluded few basic values that every Israeli gets with the milk of his mother, namely that we are the biggest victims in the world, that we are the David against the Goliath, that we are the chosen people. Yes, we are the chosen people and therefore we have the right to do whatever we want. And that the Palestinians were born to kill and that’s the only thing in their mind is how to kill us and to push us away from here. And when you are brought up in such an atmosphere with all those values, add to the fact that in my childhood, it was a few years after the Holocaust, so all those things were even more intensified. You get a very special Israeli, namely an Israeli who is totally convinced in anything that his army and his state is doing, who is not ready to get any criticism and immediately labels any criticism as anti-Semitism, who thinks that international law does not apply to Israel because Israel is a special case, who believes that Israel is a victim and there is no other victim like Israel in the world. And that’s a very dangerous—and obviously that we are the chosen people.

      Levy says the mindset is the result of early indoctrination and media lockstep including not telling the public anything about what is going on in Gaza or in this new war so that 93 percent figure is in part the result of complete ignorance about the region and the world and the humanity of which they are a part. It’s cult like behavior (not his words).

      Levy discounts the notion that any of this is existential for Israel but does say that for a country totally dependent on the USA big changes are on the way. He may be optimistic about that first part.

      1. lyman alpha blob

        Israelis are an extremely psychologically damaged people, and I think this is becoming apparent to most of the world, probably even to a decent percentage of what passes for Western leadership. The Zionist entity keeps them in line for now with political bribes – Western elites may not be quite as cult-like as the Zionists (maybe a close 2nd), but they sure are venal.

        Getting punched in the face by Iran isn’t likely to change this victimhood, ‘chosen people’ mentality. Being disengaged from the big brother who always comes to their aid just might though. Not sure if that happens at the ballot box (unlikely IMO) or by the generation that admires the state of Israel through some sense of misplaced guilt dying off.

      2. TimH

        the mindset is the result of early indoctrination and media lockstep including not telling the public anything about what is going on

        The root of American Exceptionalism thinking too, not just Israel.

    2. lyman alpha blob

      RE: No Kings confab

      Hadn’t heard of this one yet. Is the Democrat party only allowing those over 80 to attend so as to mirror the Congressional demographics, or is everyone welcome?

        1. The Rev Kev

          Tell me again why it is so important to have a No Kings rally when it would be far more vital to have a No War rally instead?

          1. Dr. John Carpenter

            Probably because the non-kings are more bothered that Donald didn’t follow procedure than the war itself.

            1. Carolinian

              https://mondoweiss.net/2026/03/no-kings-protest-refusal-to-address-iran-war-raises-questions-over-lack-of-u-s-antiwar-movement/

              Sheepdogs gotta herd? The truth is that what happened in Minnesota and what is now happening in the ME are all of a piece–perhaps BLM too since many thuggish tactics of the regular police were suggested by Israeli training. The Dems didn’t mind kings so much when Biden wanted to be one and Biden’s excesses may well have contributed to the “why not me?” attitude of his successor.

              Perhaps the rallies when they happen will turn into more general war protest. The public are more in tune with reality than the leaders of either party.

          2. Screwball

            Because to the dems it’s all about Trump. That’s all they think about 24/7 and this is a way for them to feel good about themselves by doing a protest. Trump is Hitler, the biggest problem known to mankind ever in the history of the world.

            More vital to have a war protest? Probably. But it has to be about Trump.

            How about make the protest about the Epstein list? The people on this list are the Big Club, the same Big Club who got us into this mess to begin with. Besides, you “should” be able to get both sides behind that, and have double the people. Focus on a common thing – the people in these files. Demand accountability for all of them.

            Nope, can’t do that, we hate those MAGAats as my PMC friends call them (Red Hats is popular too). They don’t even want to be on the same street at the same time with those lowlife scum. Screw those people, we hate them too.

            It has to be about Trump.

            1. erstwhile

              ‘It has to be about Trump.’ Ain’t that the only way the world’s biggest a-hole really wants it?

          3. jefemt

            I have seen placards well beyond No Kings…. seems like Trump offers up much near-event fodder. I think Iran/ anti Israel, pro Gaza, No War, Medicare for all, Shore Up Social Security.
            Pickyerbitch. I enjoy seeing folks I have missed through the year and years.

            It’s a rearranging the deck chairs moment, but hey, better than basketball or shopping?

            1. ACF

              Yes, the signs are wonderful and run the gamut of issues. I mean, the No Kings website expresses views on lots of substantive issues: https://www.nokings.org/about-nk in the third paragraph.

              I think “No Kings” is brilliant branding, a unifying energy, and a basic demand that the President obey our Constitution. But people have many reasons for participating, and nearly everybody comes with a sign with their message of choice or accepts one from those that offer them. A lot of Free Speech happening.

              Some of the signs are wickedly funny, a few a bit gruesome. Some are single color marker handwritten text on poster board, while others are creatively designed artworks. But they’re all clear and to the point. Some people wear apropos t-shirts, hats, or jackets, some people costume, many do neither.

              Regardless of signs or other accruement, the energy’s great. Tangible solidarity. If your section of a crowd gets properly chanting, that takes the good energy up a notch. By properly, I mean en masse and in rhythm, and for a reasonable time then switching to another chant.

              I don’t know about you, but I really need a dose of good energy, so I’m looking forward to Saturday. 10-12ish I’m playing safety facilitator at an event of probably hundreds, and at 1:30 I’ll be an ordinary participant at a rally in the next town that will be in the thousands.

        2. DJG, Reality Czar

          ACF: What are your demands?

          This is nothing: “Because this country does not belong to kings, dictators, or tyrants. It belongs to We the People — the people who care, who show up, and who fight for dignity, a life we can afford, and real opportunity.”

          And it’s because the leadership is afraid of what is required: Engagement with Russia instead of snobbery. End of privatized health care. Repeal of all “right to work” laws. Money out of politics. Dismantling of both major political parties. Abolition of DHS and ICD. Forced retirement of so many people in the Congress — Democrats and Republicans. An end to the lawlessness, which means putting lots of white-collar criminals in jail instead of sixteen-year-old black men.

          And a threat of general strike that will go on longer than one afternoon. Boycotts of Amazon, Tesla, Uber, AI platforms.

          And? The quote from above sounds like a demand for better marketing — which isn’t going to solve anyone’s problems.

          1. .Tom

            The Democratic Party loves Donald Trump because he enables them to do No Kings theatrics instead of the real politics that voters want but donors do not. The worse he behaves the better.

            This Iran war is a perfect example. The Democratic Party is as hostile to and ignorant and fearful of Iran as the Republican Party and their senators approved this war retrospectively. But with Donald Trump it’s have-your-cake-and-eat-it-time: they get to finally have their war on Iran and blame Trump and Republicans for it.

        3. lyman alpha blob

          Yeah, no [family blog]ing way.

          It was the Democrat party that started this regional war under Biden. Why would I go to a “protest” sponsored by these Zionist warmongers?!??!??

        4. Cat Burglar

          I am going, but I will bring an antiwar sign. I bet there will be others, so let’s see if they try to stop us!

      1. Wukchumni

        The very premise of the No Kings is the idea that Benedict Donald ought not to declare himself royalty on January 20th 2029-Baron Barron notwithstanding, should he falter.

        1. ACF

          As I see it:

          1. It’s fair to challenge the premise of peaceful protest as a method of change; having participated in many many protests over the years, including the in hindsight pointless anti-invasion of Iraq ones, I had given up on the idea of protest as a strategy.

          2. Protest becomes effective when the State (sovereign, not one of the 50 in particular) responds with violence rather than ignoring it, and the protestors *remain* non-violent (though that may only be true if there is a violent, militant thread of protest too, so the non-violent ones become who the State deals with.) The most recent example are the MN anti-ICE protests, which led to Kristi losing her job and the current partial shutdown. (Small potatoes for sure, but more than protest has accomplished in a long time.)

          3. No Kings got started as counter-programming to Trump’s birthday military parade, and it made his head explode some. Despite all the charges above that it’s a D thing, they eschew any reference to political parties, because the idea that Presidents aren’t Kings isn’t a partisan one, it’s foundational to a country that had a revolution against a king. E.g., if a local No Kings event references a political party (e.g., this event has been endorsed by the xyz local Democratic Committee) the event can’t be listed on the No Kings website, which is the way most people find out about the events.

          4. Correct, there’s no unified set of demands other than to send the message that the People reject the way Trump is governing; it’s much more of a ‘FU Trump’ than an opening negotiation. The fully grassroots nature of this protest–local people choose to have an event, commit to non-violence and non-partisanship and then post it on their website, and gain access to trainings and resources and support for successful events–make coming up with a single list of demands impossible. That said, it’s really about massive numbers of people willing to take time to reject the way Trump is trying to govern us. The more people who participate, the louder the message. I believe this war will help inspire more people to show up and be counted than last time.

          Personally, I see value in sending this very direct, We Reject You Donald message, and will participate proudly. It’s also generally a pleasure to spend a couple of hours surrounded by people who I share my view of Donald with–I live in a purple area “represented” by an R Congressman who in no way stands up to Donald, where Trump trains would happen every so often during his first term (interestingly none so far this one.)

          1. lyman alpha blob

            Many of “the People” rejected the way Biden was governing too. Where were the protests when it was the Democrat party screwing things up so badly that a complete charlatan looked like the better choice?

            I’m all for peaceful protest. Just not this top down, sorry excuse for one. It’s aimed at one man when the whole system stinks to high heaven.

            Thanks, but no thanks.

            1. ACF

              Not sure what you mean by “top down”. If you mean being organized from on high, it’s not. To have a No Kings event, you decide to have one and organize it. No one is coming to communities asking people to organize these events.

              If you mean “targeting Trump in particular”, then yes, it’s absolutely aiming at the top. And I 100% agree with you that the problem goes way beyond him; Congress and the Supreme Court are currently atrocious too. But that’s not, from where I sit, an argument against this one so much as it is an argument for additional protests outside of the No Kings banner.

              That said, I don’t think Congress or the Supreme Court are likely to be reactive to protest targeting them, I think in general power understands the way to defang protest is to ignore it. So I don’t think protests targeting them accomplish much. Winning primaries in safe seats is a much faster way to change Congress. (Which is why the DNC went after David Hogg).

              Trump doesn’t ignore No Kings: https://www.youtube.com/watch?v=wjhcfS5IMzI

              https://www.foxnews.com/politics/trump-reacts-no-kings-protests-saying-im-not-king-i-work-my-ass-off

              https://www.rollingstone.com/politics/politics-news/trump-right-reactions-no-kings-protests-1235450106/

              While his reactive idiocy had no impact on his policy, if he overreacts and uses violence, or if the protests just get keep growing, maybe change gets set in motion. And independent of policy impact, participating in this event is straight up fun, which is its own reason to participate.

              The last No Kings Day had 2,700 registered events. This one has over 3,000, so I expect it will be bigger.

              Re Biden, sure, lots of people didn’t like how he was governing. But apparently they weren’t motivated to take to the streets in this way. I and others did take to the streets during his presidency over Israel’s genocide and other issues; his presidency wasn’t immune from protest. But everything is personal with Trump, and he has acted as if he alone had the full power of the US Government to a degree not present in the past several presidencies. So it’s not surprising that the reaction groundswell has been personal as well.

              Enjoy your weekend, lyman alpha blob. You’ll have good company not participating; surely hundreds of millions of Americans will sit it out too. But many millions will participate.

          2. johnnyme

            Minneapolis resident here.

            Unfortunately, the “No Kings” types of protests that occurred here in January accomplished nothing.

            The hyper-local rapid response teams of citizens were effective in driving ICE/CBP activity out of the core of Minneapolis and St. Paul but they adapted by moving out to the suburbs and rural areas of the state where there were the citizen rapid response teams were smaller and had larger areas to cover.

            ICE/CBP has not left Minnesota.

            Semi-trailers of new SUVs are regularly being dropped off at the Whipple Federal Building. I’ve seen footage of about a dozen trailers in the last month. Here’s footage of this morning’s delivery.

            Deportation flights are still happening, people are still being abducted (now with black bags over their heads) and ICE/CBP agents are still pulling guns on citizens while the Hennepin County Sheriff’s Officers at the scene do nothing.

            1. ACF

              They accomplished something, Noem is gone and that’s positive in many ways. And there’s a fight over ICE rules that’s driving the DHS shutdown.

              But that’s not what the goal was; the goal was to stop what you’re talking about and the protests failed totally at that.

  9. Tom Stone

    The post by the House of Saud yesterday asking whether this War was planned by AI got my attention.
    It is entirely plausible given this administration’s plans to go “All in” on AI “Super Intelligence”, that’s how the “Liberation day” tariffs were decided upon…
    Given Trump’s bubble and the demonstrable idiocy of American “Leadership” it wouldn’t surprise me if they were still relying on ChatGPT for their planning.

    Oh boy.

    1. A Little Bird

      The boys over at the very excellent trillbilly workers party podcast have been saying that since pretty much the beginning of this conflict, I think both they and the house of saud may be on to something…

  10. The Rev Kev

    I wonder if Trump or Hegseth have ever heard of the Powell Doctrine-

    1 Is a vital national security interest threatened?
    2 Do we have a clear attainable objective?
    3 Have the risks and costs been fully and frankly analyzed?
    4 Have all other non-violent policy means been fully exhausted?
    5 Is there a plausible exit strategy to avoid endless entanglement?
    6 Have the consequences of our action been fully considered?
    7 Is the action supported by the American people?
    8 Do we have genuine broad international support?

    https://en.wikipedia.org/wiki/Powell_Doctrine

    Going by how this war has unfolded, I doubt it.

      1. hereweare

        What?!? And even if control of the oilfields were attainable, it wouldn’t be much use without the Strait open.

    1. fjallstrom

      Maybe they heard of it, they just thought that if all questions could be answered by “no”, then it was time for war. At least they are acting that way, I don’t see any question that can honestly be answered by “yes”.

    2. Tom Stone

      I have socks that are more intelligent than Pete Hegseth, however that might change when I wash them.

    3. Oregon Lawhobbit

      Don’t forget:

      9: Am I nonetheless willing to get up in front of an audience and lie my butt off if it will help my boss accomplish whatever goals he may have that ignore points 1-8 hereinabove?

    4. Paradox of Unrealized Power

      Weird–I tried to post something very similar to this yesterday, but somehow the server ate it up. I’m glad you mention it, though

      The bigger issue going forward, I think, is that the US simply lacks the capacity to apply the Powell Doctrine to most places outside of the western hemisphere going forward (and I would be willing to bet a whole wad of cash that the great powers will ensure that the US is unable to even do so in its own hemisphere going forward).

      Once you remove all of the smoke and mirrors, the Powell Doctrine was really intended to put a huge break on politicians (or the State Department, in the case of Beirut) from just sort of committing troops in random places where “diplomacy is too hard” by making it so painstakingly expensive to start a war to begin with. Once Desert Storm showed that “wars are easy”, politicians chaffed at the restriction and essentially ignored it, to the country’s detriment.

      In any case, it can’t be revived because the US lacks the ability to revive it…

      1. Oregon Lawhobbit

        It’s reasonably solid and thoughtful.

        Which means that TPTB completely and utterly ignore it and do just whatever the [familyblog] they want.

        1. Paradox of Unrealized Power

          Well, the really interesting thing is that if you run down the points, it is very clear that Iran actually *has* basically adhered to the Powell Doctrine–even point 8 (international support) was developed to the degree possible.

          Meanwhile, it looks like the UK may be stumbling into an escalation with Russia over oil tankers without meeting any of the eight conditions (just as the US/Israel stumbled into its mess in Iran and US/Europe stumbled into theirs in the Ukraine without meeting any of their points).

          We really live in a strange world at the moment where the entire West seems to be on a collective group-suicide kick by consistently choosing to gamble on high stakes actions that have very little upside but enormous downsides. I can’t understand it, but I don’t think “hubris” is a valid explanation.

  11. Louis Fyne

    >>>chief Ali Larijani was effectively forced on to the President

    The Iranian president has very little discretionary executive power. Pretty sure that few in the US (GOP or Dem, media, DC, et al.) grasp that fact.

    the Iranian constitution is a fascinating document—-totally alien from a Western secular point of view: an amalgam of religiosity, social justice, conservativeis, state power, individual liberty

    1. Will

      If there was an American constitutional convention held today, would they agree on something that looks vaguely like the Iranian one? Of course, replace Islam with For-Profit Christianity.

      1. fjallstrom

        Hm, a Council of Billionaires who has shown their virtue by acquiring a billion or more. The Council decides who is orthodox capitalist enough to run for office which the media then proclaims to the public. Non-orthodox candidates are proclaimed “third party” and pillored and shunned.

        Fatwas are regularly cited that proclaims any vote for a third party candidate “will be wasted”. The people, in fear of poverty and eternal damnation do not dare to vote for the shunned candidates even if their policies align. Thus a veneer of democracy can be maintained under the Councils’ iron fist theocratic rule.

  12. jefemt

    It’s not ALL about oil, there seems to be faith and enmity afoot, not to mention prestidigitator-distraction from the Epstein Class exposures. However, oil is the lubricant.
    Oil demand by Nation state- from Visual Capitalist, September 2025: (top 10….list shows 25 Countries)

    Rank Country Million Barrels in 2024 Per Day Share of Global Total
    1 🇺🇸 U.S. 19.0 18.7%
    2 🇨🇳 China 16.4 16.1%
    3 🇮🇳 India 5.6 5.5%
    4 🇸🇦 Saudi Arabia 4.0 3.9%
    5 🇷🇺 Russia 3.8 3.8%
    6 🇯🇵 Japan 3.2 3.2%
    7 🇰🇷 South Korea 2.9 2.9%
    8 🇧🇷 Brazil 2.6 2.5%
    9 🇨🇦 Canada 2.3 2.3%
    10 🇩🇪 Germany 2.1 2.0%

    https://www.visualcapitalist.com/the-worlds-top-25-countries-by-oil-consumption/

    World produces just over 100 million barrels per day, in optimal conditions. So the math at this moment is pretty simple.

    I wonder what the global food production ranking is, and how the two lines correspond?

    Preppin’ for the Jack Pot. Hmmm Chocolate and tequila? Large-capacity water filters?
    Pre-printed forbearance requests for creditors and tax collectors?

    Sheesh. One large rock or bridge deck to crawl under…. peace to all.

    1. A1

      If Canada produces 5.3 mbpd, imports 0.7 mbpd, uses 2.3 mbpd, this must mean we export 3.7 mbpd to the US.

      If the US produces 13.2 mbpd, then the US and with imports from Canada is 16.9 mbpd, which puts the US in a good spot to absorb any supply shocks.

      For Natural Gas, the US produces 113 bcfd and uses 90 bcfd. Canada produces 20 bcfd and exports 10 bcfd to the US so the US can export 33 bcfd of natural gas.

      Canada and the US look to be in a good position. Unfortunately given the clowns running Canada this can and will be screwed up

      1. jefemt

        US imports 25% of daily demand. Nearly 4 Million BBl/ day from Canada, Alberta crude and tar sands stock. Surprisingly little from Mexico.
        I have NOT seen a gas staion with either a line, or a ‘we are closed- no fuel’ such as existed in the 1970’s. Consider source, I live in the fairly oil-rich northern Plains/ Rockies.

        If 10% of oil is off or about to be off-line, simple arithmetic says, well, wea each cut back on demand 10%, it will be fine, just like the Straight of Hormuz will open itself.

        Food will be our shit- show. Grocery stores turn ‘ fresh’ inventory every three days.

        Good luck, everybody else! (Family Guy meme) Say, if anyone here has an inside line to El Donaldo, implore him to wake da phuc up and create some time and space in a Non-violent way?

    1. chris

      That Lego video slaps.

      I wonder how many US citizens can conceive of a loss in this theater? How many people are thinking about what could happen if we don’t concede before we hit multiple material limits?

      1. vidimi

        Yeah, that Hollywood version is amazing. Great casting. Starmer is S+ but JD Vance is great, too.

        1. hk

          S+? Interesting things we reveal about where we come from. ;) (NB: S comes from 秀, East Asian academic grade that corresponds to A snd pronounced Su in Korean and Shuu in Japanese–idk the correct Mandarin pronunciation, via anime and manga.)

  13. Valiant Johnson

    Considering the type and size of the “ground” forces being deployed, I believe that their only practical and possible use will be for a massive NEO (Non-combatant evacuation operation) in the GCC before or after a nuclear strike.

  14. ISL

    Another ticking clock – food supplies in the Gulfies and the decision to starve/food riot instability or realign with Iran – a few weeks or less

    1. Samuel Conner

      This was IIRC a major concern of commentators in the first two weeks but seems to have been “pushed down the stack” recently. I wonder why. I could think the affected nations would be screaming for relief.

      Perhaps the quality of foresight and planning in these nations is similar to that in US.

  15. playa gold

    The Central Bank of France has completed the transfer of its gold reserves from the USA: 129 tons of bullion, previously stored in New York, were sold, and then the central bank acquired new gold in France. The operation lasted from July 2025 to January 2026, after which the gold was placed in Paris. Due to high metal prices, the regulator recorded a one-time income of almost 13 billion euros (about $15.1 billion), reports Reuters, citing a bank report.

    After the freezing of the Bank of Russia’s reserves in 2022, the issue of gold repatriation has been actively discussed among central banks and politicians. Thus, gold has already begun to return to India and Serbia, and calls for its transfer are being heard in Germany, Italy, Poland, and Romania.

    Source: SD Bullion 

    Disclaimer:Yes, I bought a lot of my silver and gold bullion there and had it vaulted with them but have completed the transfer to SGPMX in Singapore and their subsidiary in Hong Kong (Stacker Market).

    1. Wukchumni

      Why go that route?

      260,000 pounds is less than 100 vehicles in weight, and cars get imported all the time from Europe. No reason we couldn’t have just sent karats back, unless say the cupboard was bare.

      It might explain the rise of the spot price in old yeller in the time period when the deal went down, as there was a net buyer who utilized our promise sorry notes to get ‘R done buying back those 129 tons and what do you get?

  16. Yves Smith Post author

    I am sorry to be SO LATE! Now done.

    The additions in the last half-hour are consequential so if you got here before the time of this comment, please reload the page and re-skim.

    1. jefemt

      Thank you from the bottom of my heart for all of your work over the years.

      Be safe– hope you have many more moments to savor as you chose and see fit!

  17. ilsm

    Deep Dive 25 Mar Davis and Pape.

    Pape reminded Davis that Trump is asking for $200 B! That means the war for Greater Israel and the Kievan war to balkanize Russia are going to run on and on.

    We ought to ponder that.

    Money is needed for war, but you cannot shoot money.

  18. eg

    How close are the nearest US Navy ships to the Strait of Hormuz right now? I’m guessing not very, so the entire premise of an amphibious assault on any part of Iran, much less Kharg Island itself (which would require running the Strait) is kind of ridiculous. This leaves aerial assault via tilt-rotor craft and the like. What is their range? How do they propose to avoid getting droned, either as they land or once they have debarked?

    And even if you can land ground forces somewhere, how do you supply them? The whole thing smacks of fantasy bred of too much Marvel Cinematic Universe and not enough logistics.

    1. Samuel Conner

      The description, in the “Events in Ukraine” link at the main “today’s links” page, of the conditions facing front-line ground troops in Ukraine sounds hellish. It sounds like it is not safe to have one’s head above ground if anywhere near areas patrolled by drones. One digs in and stays hidden, and even resupply to forward positions is performed by drone.

      (The author of that item says that armoured mobility with active defense and/or the ability to sustain repeated drone strikes, not yet available, will break the stalemate. I wonder whether we may see a return to underground tunneling, as was done in WW1, and in ancient siege warfare)

      If the Iranians have adapted their defenses to these new methods, it could be very disagreeable for US raiders.

      1. urdsama

        Not the same. If anything, the behavior of the US is more akin to Germany than the other way around.

      2. hk

        Quite a few German generals (Rommel, Marcks, etc) did figure out what exactly the Allies were up to. The real problem for the Germans was their inability to be flexible when the D Day came (inflexibility up the command chain, inability to move forces, etc.) and lack of intelligence (eg the belief that US had far more troops in UK than there actually were–the whole FUSAG disinformation thing.) There weren’t many options, so figuring out the Allied plans was not a big thing.

        There aren’t many options for US/Israel today either. The size and capabilities of the available forces are well known to all (and we certainly haven’t had a year to spread disinformation about how an entire fake army group was being built up). The alleged “air superiority” US and Israel have over Iran seems rather dubious to me. The missiles and drones (combined with paucity of available forces and far more tenuous logistics for US.) provide Iran options that Germany never had in 1944.

        I still maintain that the only viable option for US is through southern Baluchistan. All the factors (good local infrastructure, bad infrastructure outside the area, access to open sea, sparse local population made up of minorities with issues vis a vis Tehran, etc. However, it has rather limited upside–it is kinda isolated from the rest of Iran and some distance away from Hormuz, although not that far–plus diplomatic downsides–issues with both Pakistan and India.

        1. Richard Kliine

          Chabahar is the ONLY objective that would be possibly achievable with the available force structure. It has an excellent port from which a perimeter could be built up into a bridgehead. If the US had sealift capability, which the US absolutely does NOT. That’s before the downside. There, Problem 1) Pakistan is NOT going to be a logistic base/invasion corridor. Hence no logistic sustainability. Problem 2) The Iranians know perfectly well that Chabahar is a logical-because-viable target. They likely will have a 10:1 force superiority already in place in prepared positions. Hmmm; not good. Problem 3) Chabar is not simply far away from anything of strategic value in Iran, it is on the wrong side of some of the toughest desert terrain in the world from anywhere you would want to get leverage on. Kind of like invading Juneau Alaska to get leverage on the oil fields of Texas or Washington, DC. I.e., strategically useless beyond a photo-op.

        2. Cat Burglar

          I’m with you on the Konarak/Chabahar attack, because it seems possible with the forces on hand, unlike the other locations like Kharg. And I also agree with you that there does not seem like much they can do with it if they succeed — establish an air base? The area would not be much fun in the Summer.

  19. The Rev Kev

    ‘The troops stick close to the island’s oil infrastructure for cover, confronting the Iranian regime with an extraordinary dilemma: destroy the oil facilities to get at them? Or hold back, allowing Washington to take control of the country’s economic backbone?’

    Of course the Iranians could shut the pumps that send oil to Kharg Island and then light it up to burn those troop concentrations. When you are in an existential fight for your lives, every option is on the table.

    1. Samuel Conner

      It seems to me that the rhetoric about controlling the Kharg island oil terminal is incoherent.

      One part of US government is encouraging the sale of Iranian oil in a bid to keep the price from rising too quickly. Accommodating Iranian supply to the world is a good thing in the current conditions of oil scarcity.

      Another part of US government is talking about interfering with the export of Iranian oil as a way of pressuring the government of Iran. Sale of Iranian oil is a bad thing, because it provides income and foreign reserves to the Iranian government.

      The different moving parts in this “plan” do not work together. It’s as if everyone is just improvising, but what is coming out is not skilled “jazz,” but discordant cacophony.

      1. The Rev Kev

        Probably behind the scenes it would be a matter of Hegseth fighting it out with Bessent. Trump does like blowing stuff up but Bessent would tel him that Mr. Market would have a sad if oil deliveries from the Gulf shut down entirely. Say, where is that little weasel Rubio in all of this? He is after all SecState.

        1. Samuel Conner

          I speculate that part of the incoherence is that the “let the oil through even if Iran gets the revenue” people may be thinking about longer time horizons while the “strangle Iranian exports” people hope that the conflict can be resolved promptly through escalation, in which case the additional supply disruption will be only temporary.

          One fears that six months from now, the hard-liners will be CYA-ing with language along the lines of “who could have known that the Iranians could be so resilient?”

    2. redleg

      That’s exactly my thought. If i saw an enemy hiding among fuel storage, I’d call in a shake and bake: HE to break open the containers followed by WP to light it all ablaze. It’s an export terminal- the oil is replaceable.

  20. Safety First

    Serious question – have the Iranians developed or incorporated drone units a la Ukrainian War into their armed forces (or the Basij)?

    The Russians and the Ukrainians have done so. If the Russians were defending, say, Kharg Island, they’d have a drone unit – not just FPVs, but recon and heavies too – stationed somewhere 20-25 miles away, with launch sites at 10-15 miles and some retransmitters pre-positioned. Then they’d let the US forces land, and have FPVs go to town, which is literally something they do every day on various war fronts (except Ukrainians, with few exceptions, usually “land” via armored transports). While using longer-ranged FPVs to target logistics, helos in this case. Also, have the heavies drop impromptu minefields and such, and have recon drones spot for “Shahed” type strikes and missile assaults.

    I don’t think I’ve seen a single video of an Iranian force using FPVs. I don’t think I’ve ever seen Hezbollah use FPVs, to date it’s been lobbing ATGMs at the advancing Israelis – to good effect, but the way the Israelis deploy in Lebanon (or in Gaza, for that matter) they are clearly not expecting any drone strikes.

    I’ve seen anti-Iranian proxies during the 2025 war use FPVs to strike at some Iranian air defense assets. And then the Iranian security forces showing videos of arrested suspects with car trunks full of FPVs. That I have seen.

    So either the Iranians are really good at keeping this particular cat in the bag, and any US troops that show up are in for quite the surprise – because I doubt Marine squads carry dedicated ECM units or have dedicated anti-drone gunners (like you see in Russian infantry squads) – or…or the Iranians have been lagging on this particular aspect of drone warfare, just as so many other people around the world have (hello, the West!), and if the Marines do land, will rely on drone and missile strikes to make their lives miserable. Or something like that.

    To be sure, I recognize that they’ve been able to build a lot of good “mid-range” drones, not just the Shahed. But training a tactical-level FPV unit is a whole different kettle of fish, both in terms of the production capabilities you need (much more customization at the tactical level), and operator training…

    1. Samuel Conner

      Internet search suggests that PMF units in Iraq are using FPV drones in attacks on US sites. That’s a data-point in the region. I would suspect that the Iranians have been closely watching the Ukraine conflict and drawing inferences relevant to the situation they face.

    2. hk

      I thought I’ve seen videos of Hizb’ullah drone attacks on Israeli tanks, but I could be mixing things up–too many videos and some obviously fake, so I can’t retrace stuff.

    3. Darthbobber

      The Iranians not being us, I suspect that if they had units specializing in this they’d be keeping those cards against the vest until time to play them, rather than advertising it far and wide.

      Doesn’t mean they do, just means we probably have no idea.

      1. Oregon Lawhobbit

        It would seem odd that they’ve gone full bore on ones like the Shaheed, but also ignored the smaller anti-personnel ones dominating in the Ukraine. I would agree with “cards close to the vest,” especially as they haven’t really had any need/use for AP drones yet.

        Show off the big stuff as a possible deterrent. The little things? Well, as Gomer used to say, “Surprise, surprise, surprise!”

  21. Ben Panga

    Barak Ravid latest line:

    Pentagon prepares for massive “final blow” of Iran war (Axios, archived)

    The Pentagon is developing military options for a “final blow” in Iran that could include the use of ground forces and a massive bombing campaign, according to two U.S. officials and two sources with knowledge.

    Why it matters: A dramatic military escalation will grow more likely if no progress is made in diplomatic talks and, in particular, if the Strait of Hormuz remains closed. Some U.S. officials think a crushing show of force to conclude the fighting would create more leverage in peace talks or simply give Trump something to point to and declare victory.

    Between the lines: Iran also has a say in how the war ends, and many of the scenarios under discussion would risk prolonging and intensifying the fight rather than bringing it to a dramatic conclusion.

    Zoom in: In interviews with Axios, officials and sources familiar with the internal discussions describe four major “final blow” options Trump could choose from:
    Invading or blockading Kharg Island, Iran’s main oil export hub.
    Invading Larak, an island that helps Iran solidify its control of the Strait of Hormuz. The strategic outpost hosts Iranian bunkers, attack craft that can blow up cargo ships and radars that monitor movements in the strait.
    Seizing the strategic island of Abu Musa and two smaller islands, which lie near the western entrance to the strait and are controlled by Iran but also claimed by the UAE.
    Blocking or seizing ships that are exporting Iranian oil on the eastern side of the Hormuz Strait.
    The intrigue: The U.S. military has also prepared plans for ground operations deep inside the interior of Iran to secure the highly enriched uranium buried within nuclear facilities.
    Instead of conducting such a complicated and risky operation, the U.S. could instead carry out large-scale air strikes on the facilities to try to prevent Iran from ever accessing the material.

    Reality check: Trump hasn’t made a decision yet on pursuing any of these scenarios, and White House officials describe any potential ground operations as “hypothetical.”
    But sources say he’s ready to escalate if talks with Iran don’t yield tangible results soon.
    Trump could first implement his threat to bomb power plants and energy facilities in Iran, for which Tehran has threatened massive retaliation across the Gulf.

    Driving the news: White House press secretary Karoline Leavitt warned Iran on Wednesday that Trump is ready to strike “harder than ever before” if no deal can be reached.
    “The President doesn’t bluff and he is ready to unleash hell. Iran shouldn’t miscalculate again… any violence beyond this point will be because the Iranian regime… refuses to come to a deal,” Leavitt said.

    State of play: More reinforcements, including several fighter jet squadrons and thousands of troops, are expected to arrive in the Middle East in the coming days and weeks.
    One Marine expeditionary unit will arrive this week and another is now deploying.
    The command element of the 82nd Airborne Division has been directed to deploy to the Middle East with an infantry brigade consisting of several thousand troops.

    The other side: Iranian officials have said they don’t trust Trump’s negotiation push and see it as a ruse to launch sneak attacks.
    Speaker of parliament Mohammad Bagher Ghalibaf wrote on X on Wednesday that Iranian intelligence suggests “Iran’s enemies, with the support of a country in the region, are preparing an operation to occupy one of Iran’s islands.”
    Ghalibaf was likely alluding to the UAE and its claim to Abu Musa.
    “All enemy movements are under the surveillance of our armed forces. If they take any action, all the vital infrastructure of that regional country will be targeted without limitation by relentless attacks,” he added.

    What to watch: A source involved in the efforts to launch negotiations between the U.S. and Iran said Pakistan, Egypt and Turkey are still trying to organize a meeting between the parties.
    The source said that while Iran rejected the initial U.S. list of demands, it did not rule out negotiations altogeher.
    “But mistrust is the problem. The commanders of the IRGC are very skeptical,” the source said, referring to the powerful Iranian military force. “But the mediators haven’t given up.”

  22. Safety First

    Just posted on Pars Today (https://t.me/parstodayrussian/199274#):

    Tehran Times, quoting an Iranian security analyst:

    If the US attempts a land offensive, Iran is prepared to occupy the coast of Bahrain and UAE.

    If the US makes “any mistake”, Iranian forces are prepared to tak under control the coastline of UAE and Bahrain and “effect significant regional change”.

    I would have let this slide, except that yesterday either Pars or IRNA had a thing about how Bahrain used to be a part of Iran until “that stupid Shah” (their words, not mine) “lost it” in 1971. I found it very curious that now, of all times, they’d remind everyone of this, and color it not as “self-determination of the Bahraini people” (there was a referendum, after all), but an asset that had been “stupidly” “lost”.

    And now you have this. Curiouser and curiouser.

    1. hk

      I think it’s a sign that Iranian leadership too is increasingly going to uber hawkish hardliners without good diplomatic instincts.

      1. flora

        Or, it’s a jab at Isr’s claim the land was theirs thousand of years ago. What’s fair for the goose, etc. / ;)

        1. hk

          Persians would have a lot more to claim on that front than the Izzies would, wouldn’t they? ;)

  23. Timmy

    Doesn’t any US aggressive direct ground attack – where in Iran doesn’t really matter – trigger the dead hand/assured destruction response of Iran with direct attacks on the remaining energy infrastructure in the Gulf? And isn’t that essentially the guarantee of a global depression? Why hasn’t that dynamic changed from last week which triggered the Trump panic for the off-ramp? In some ways this brings “the end” before we will even know if the US attacks were (somehow) successful.

    1. Samuel Conner

      My understanding (correction welcome) of “dead hand” mechanisms is that they cause actions (typically, retaliatory actions) to be taken in the event of destruction of the ordinary command authority to take those actions. This provides a deterrent to pre-emptive strikes designed to destroy those command authorities in the hope that such strikes would prevent retaliation.

      I think the answer to your question whether a ground incursion into Iran would trigger the “dead hand” mechanism is that (based on present information) it would not; the trigger for this is higher (a good thing, since triggering an “all out” missile strike, which would presumably include against Israel, might trigger Israeli escalation to its “last resort” weapons).

      The Iranians have been clear about their intentions. They have not warned that they would employ their last resort responses in the event of a ground incursion. Presumably they expect that they will be able to defeat such incursions using ordinary means; their warning that they would undertake their own incursions into neighboring states in response appears to be their currently threatened response to this kind of escalation.

  24. Wukchumni

    Kamikaze drones to right of them
    Shahed drones to left of them
    Missiles in front of them
    Volleyed and thundered
    Stormed at with shot and shell
    Boldly they rode and well
    Into the jaws of Death
    Into the mouth of hell
    Rode the forty four hundred

    When can their glory fade?
    O the wild charge they made!
    All the world wondered
    Honour the charge they made!
    Honour the Light Brigade
    Noble forty four hundred!

  25. XXYY

    The reason for urgency is the relentless unforgiving economic forces the US set in motion by the unprovoked US/Israel attack on Iran. Keep in mind the US is the culpable party: it had the means to check Israel and instead joined enthusiastically. –Yves.

    Almost without exception, the US and Israel are described as the initiators of this war. I can’t remember a previous conflict where this was true. The Western media invariably describes the West as responding to some kind of foreign aggression.

    We saw this very clearly in Ukraine, even though Western powers fomented a coup in Ukraine and then spent 10 years building up their military forces in preparation for an attack on Russia. In the media, the Ukraine war just came out of nowhere with a sudden Russian attack for no apparent reason. It’s also de rigour any time Israel invades or attacks someplace, they are always “responding” to some trivial or pointless action by the enemy.

    I don’t know what makes this war different. One possibility is that the Western media has had a late breaking concern for their own reputation under conditions where the foreign media is freely reporting what happened in a very straightforward way. Whatever the reason, I hope it becomes the new norm.

    1. hk

      What is remarkable is the way leaders talk and the media coverage are diverging. A lot of (at least overtly pro US/Israel) leaders are sticking to the script, ie act as if Iran, somehow, started all these. No one else is buying that stuff.

    2. Safety First

      I think there are two overlapping issues here.

      One, unlike in previous US wars, the administration did not take even an iota of time, or make a scintilla of an effort, to lay down the propaganda groundwork. Or, if they wanted a surprise attack, blitz the airwaves with a coherent narrative immediately afterwards (which is how Panama and Grenada were done, if memory serves). Plus do the standard things like journalist embeds, scripted daily briefings (in lieu of Trump spouting every two hours), etc.

      Two, it seems pretty clear to a lot of people in Washington and the mainstream press, idiots though most of them may be – especially after the first few days, when Iran somehow failed to unconditionally surrender – that this is an albatross. Much easier to pre-emptively blame everything on Trump (or, if you’re a Republican, blame everything on Israel). So it’s not a “war of choice”, it’s “Trump’s personal war of choice”, is how I read this. I continue to believe that a majority of US political sponsors and Washington power centers do not see Trump as “their guy” – they’ll use him, but this isn’t a Bush, or an Obama, or even a Clinton (who, back in the 90s, was also sneered at quite a bit by the WaPo types like David Broder). Or a Gavin Newsom, if you’re into that sort of thing.

      And again, it helps if the war isn’t going well. Remember how large parts of the US MSM turned more or less against Iraq by 2007-2008, when “everybody” realized this wasn’t going well. Then all of a sudden it became “Bush’s war”, though everyone politely ignored their own role in cheerleading the original invasion…

      1. Darthbobber

        I imagine they knew that the propaganda was well past its sell by date, and that no amount of preparation was going to deliver even a temporary groundswell of public support.

      2. hk

        A great irony is that many of the people who don’t want to associate with Trump have been, historically, far more gung ho about war with Iran than Trump ever was. I could have sworn that I saw John Bolton (!) of all people sounding skeptical about Trump’s Iran escapades, although with conditions, obviously, a couple of weeks ago.

        1. The Rev Kev

          John Bolton has been gung-ho for this war for decades & pushing for it but now that it is finally happening and is proving to be a cluster***, he is saying that Trump did it all wrong as a way of making out that it had nothing to do with him and his hands are clean.

      3. Cat Burglar

        David Broder.

        A writer with an uncanny ability to transmit the Beltway consensus on any issue. His Terror War reporting at the end of his life was sickening. It seems to me now that he was a living, breathing LLM, trained on every centrist writing on US politics.

    3. Kouros

      How old are you, 20? What about the Iraq war. UNSC has declined to endorse military action and US went all by itself, and the Brits. Israel recused itself from action, they just reaped the benefits…

  26. hereweare

    “Israel could launch tactical nuclear weapons at those entrances, at least in northern Iran where I believe I have read that the fallout would not reach Israel.”

    The physical fallout might not, but what of the political and moral fallout? Israel’s operations in Gaza have already made it a pariah in the eyes of much of the world; being only the second country to use such weapons in war would likely harden and extend that status.

    1. DGE

      Northern Iran? Russia and Pakistan might have something to say about the fallout. With the suggestions of retaliations in kind should Israel use nukes, reported since the war started as coming from both countries, I think it’s over for Israel if they do that. I don’t think even kompromat on Trump could get the US to shield Israel from retaliatory strikes.

      I use the occasion to again rue raspberry jam’s departure from NC. They were the best source of anecdata for the situation on Israel. Now we have only the fog of war surrounding the news coming from there.

      Be that as it may, the question I want answered the most won’t come any time soon. Namely, whether Israel has crossed the point of no return as an advanced nation. Whether after this is all over, they’ll be reduced to another Middle East nation with limited economic prospects, an intense brain drain of distressed professionals resettling across the North Atlantic, leaving behind an intractable social rubble of genocidal Zionutters who have nothing to offer the world. And then on to the long decline and death of the settler project. We’ll only know that in retrospect, so for now I can only hope. At least, after this anyone would have to be crazy to choose Israel as an investment destination.

      I’m not as optimistic as some here who think Israel won’t be around by the end of the decade, at least in its present shape. But I do hope they won’t get to celebrate their centennial.

      1. Kouros

        I know Yves was a bit snipp with her some days ago, maybe a bit unfounded, but I hope that is not the reason, because it would be silly. But if it is something else, more problematic, then that would be sad.

  27. Jason Boxman

    It’s game on

    Trump says oil and stock market reaction to Iran conflict not as severe as he expected (CNBC)

    President Donald Trump said Thursday that neither the spike in oil prices nor the slump in the stock market during the Iran were were as bad he had anticipated.

    “It’s all going to come back down to where it was and probably lower,” the president said during a session with Cabinet officials.

    We’re nowhere near what we’d need to be to properly discipline Trump.

    1. albrt

      S&P teetering at 6500. The low on Friday before Donald’s Monday stick save was about 6475, I don’t expect any support below that. Yves might finally get her 3% down day.

  28. Ann

    Donald Trump has claimed Iran is negotiating with the U.S. to end the current war but is “afraid” to admit it.

    The 79-year-old president made the remark at the National Republican Congressional Committee’s annual fundraising dinner on Wednesday evening.

    “They are negotiating, by the way,” Trump claimed of Iran. “They want to make a deal so badly but they are afraid to say it. Because they figure they will be killed by their own people. They are also afraid they will be killed by us.”

    https://www.thedailybeast.com/trump-makes-frantic-excuse-after-irans-humiliating-reveal/?via=mobile&source=Reddit

    1. Jason Boxman

      They are also afraid they will be killed by us.

      LOL. I can’t imagine why that might be?

    2. vidimi

      Per my post above, I wouldn’t be surprised if they were in talks with Pezeshkian. He doesn’t have the authority to stop things now, but I’m sure the zionist vision is to have Pezeshkian rule over a post-Supreme Leader, syrianised Iran as a de facto Shah.

  29. Ann

    Everyone should book an appointment to go to the dentist. Get your teeth cleaned and get all outstanding dental work done. You must take care of your teeth. Any infection or inflammation goes by the lymph system from your teeth directly to your heart. Bad teeth will do you in before almost anything else save being run over by a beer truck.

    On your way home from the dentist, buy a dozen toothbrushes and lots of tooth powder. I also have one of those little battery powered ultrasonic tooth cleaners that blasts away plaque.

  30. Ann

    Uganda will join Iran war ‘on the side of Israel,’ military chief warns
    “Israel has a right to exist and attacks against her must stop,” Uganda’s Chief of Defense Forces Gen. Muhoozi Kainerugaba said during a series of X/Twitter posts expressing his support.

    https://www.jpost.com/middle-east/iran-news/article-891223

    Carney’s mega anti-Trump alliance starts quest to save world trade

    Nearly 40 nations are hatching a plan to save the World Trade Organization or, if it can’t be salvaged, to build a new order.

    https://www.politico.eu/article/mega-anti-us-donald-trump-alliance-quest-save-world-trade/

    Trump says Khamenei is dead
    Trump also said he is hearing that many members of Iran’s Islamic Revolutionary Guard Corps, military and other security and police forces no longer want to fight and are seeking immunity from the United States

    https://www.ynetnews.com/article/skie4tef11x

    1. alrhundi

      “The aim is to coordinate “a plurilateral statement on WTO reform if we don’t manage to get an ambitious one in the multilateral sphere,” said the EU diplomat. That means that if the WTO’s members can’t come to a consensus, the EU and CPTPP will forge ahead on rules-based trade together alongside a coalition of the willing.”

      Interesting… This EU + CPTPP bloc would be about 26-27% of world GDP. Seems like digital economy is a big issue that they are separating themselves from the WTO on. It’ll be interesting to see if this amounts to anything.

    2. The Rev Kev

      I’m sure that general Muhoozi Kainerugaba would be more than glad to lead a Ugandan expeditionary force onto Kharg island.

  31. Ann

    Iran allowing Malaysian vessels to pass in Strait, PM says after talks with regional leaders

    https://www.reuters.com/world/asia-pacific/iran-allowing-malaysian-vessels-pass-strait-pm-says-after-talks-with-regional-2026-03-26/

    Investors bet Iran war will boost Chinese renewables demand

    https://www.reuters.com/sustainability/boards-policy-regulation/investors-bet-iran-war-will-boost-chinese-renewables-demand-2026-03-24/

    Nearly 2 months of fuel available, next 2 months also secured: Government [India]
    The Ministry of Petroleum and Natural Gas said crude oil supplies have already been secured for the next 60 days. Oil Marketing Companies (OMCs) have tied up imports in advance, ensuring there is no gap in supply.

    https://www.indiatoday.in/business/story/crude-oil-supply-fully-secured-india-has-60-days-of-stock-government-says-theres-no-supply-gap-2887361-2026-03-26

  32. Ann

    Missile debris kills 2 in Abu Dhabi amid new Iran salvo against Gulf

    https://www.dailysabah.com/world/mid-east/missile-debris-kills-2-in-abu-dhabi-amid-new-iran-salvo-against-gulf#amp_tf=From%20%251%24s&aoh=17745218514423&ampshare=https%3A%2F%2Fwww.dailysabah.com%2Fworld%2Fmid-east%2Fmissile-debris-kills-2-in-abu-dhabi-amid-new-iran-salvo-against-gulf

    Iran’s top envoy says S. Korean ships can transit Strait of Hormuz only after coordination with Tehran

    https://www.upi.com/amp/Top_News/World-News/2026/03/26/korea-iran-envoy-south-korean-ships-hormuz-strait-coordination/6161774515105/

  33. boshko

    This Bloomberg op-ed was the first crack i’ve seen in MSM depiction of how bad this will get. Apologies if posted already.

    Finance Isn’t Prepared for an Iran Crisis. It Should Be
    Last Modified: 06:24 AM, Thu Mar 26, 2026
    The Editors

    Bloomberg. 26 March 2026
    Word Count: 525

    (Bloomberg Opinion) — With the war in Iran entering its second month, markets are starting to look worried. Financial regulators should be, too.

    After an initial period of calm, investors appear to be recognizing the possibility that the conflict could get out of control and inflict long-term economic damage. Prices of bonds and stocks have fallen in unison, with the MSCI World Index down more than 5% and the CBOE Volatility Index — known as the “fear gauge” — hitting its highest point since the US unveiled its “Liberation Day” tariffs nearly a year ago.

    Add to these concerns unknowns such as the impact of artificial intelligence, the severity of troubles in private credit and the sustainability of the US government’s fiscal trajectory, and it’s hard to envision the full range of possible risks, let alone estimate their probabilities. The only certainty is the potential for the kind of surprises that can trigger market disruptions.

    The financial system might be better prepared if governments had heeded the lessons of the 2008 subprime-lending crisis, which destroyed millions of jobs and more than $1 trillion in annual economic output. Prudent capital requirements, leverage limits and backstop arrangements would ensure that banks and key intermediaries had ample loss-absorbing capacity and weren’t excessively dependent on short-term funding.

    Unfortunately, the US has moved to further reduce the already-inadequate capital that banks built up after 2008 — prompting Europe to follow suit. It’s enabling greater leverage among subprime corporate borrowers and potentially even crypto. It’s curtailing financial supervision at a time when risks are building at institutions ranging from insurers to investment funds, as the recent surge of losses and redemptions at private credit funds illustrates.

    In such an environment, it’s all the more important that regulators do what they can to identify and mitigate the most significant weaknesses. Where is leverage most dangerous? Where might sudden cash demands trigger self-reinforcing spirals of forced selling and falling prices? How can central banks intervene to keep markets functioning smoothly, ensuring that stress doesn’t wipe out the good with the bad?

    Such questions are more answerable than they used to be. The Bank of England, for example, has been developing a new kind of systemwide stress exercise that engages banks and other institutions to better understand their interconnections — a direction in which the European Central Bank is also moving. US authorities should do the same. Post-2008 reporting requirements also provide regulators with information, such as detailed trade and derivatives data, that can help detect the kinds of risk concentrations that brought down Archegos Capital Management in 2021 and upended the UK government bond market in 2022.

    The global financial system is vulnerable to the kind of shocks the Iran war may yet impose. It’s crucial that regulators make the best use of what resources they have.

    1. Paul Dessau

      Dimitri Lascaris (of Reason2Resist) who is reporting from Iran right now visited a village near Shiraz earlier today where such mines had been dropped and people have been killed or maimed. Israel or the U.S. (who had been accusing Iran of using cluster bombs) dropped actual cluster munitions in Iran (not just in Shiraz, but reportedly also in Tehran). Once again, “every accusation is a confession”. I recommend following Dimitri’s reports on the Reason2Resist YouTube channel to get a feel of the suffering Iranians are enduring in this war.

      1. ThirtyOne

        What is interesting about this report is the implication that American attack aircraft are operating over western Iran. Shiraz is about 100 miles inland.
        That kerfuffle in Chabahar to the south showed an FA-18 flying low strafing a target in broad daylight.

        1. hk

          Yeah, that, I thought, is the interesting thing. Baluchistani coast is distant and isolated, so I didn’t think much about the FA18. Shiraz is different question, though. Maybe mines can be delivered via cruise missiles, but that strikes me as very inefficient.

  34. flora

    Story from the WSJ:

    Russia Is Sharing Satellite Imagery and Drone Technology With Iran
    Moscow has expanded intelligence sharing and military cooperation to help keep Tehran in the fight against U.S. and Israeli military might

    https://www.wsj.com/world/russia-is-sharing-satellite-imagery-and-drone-technology-with-iran-0dd95e49

    Taibbi’s latest reports a confirming tip he received.
    Racket news. public excerpt:

    Exclusive: Iranian Ambassador Met with Russian Arms Maker for “Development of Cooperation”
    An Iranian diplomat met with the CEO of Rostec, according to a letter obtained by Racket

    https://www.racket.news/p/exclusive-iranian-ambassador-met

  35. Treaty Tortoise

    Just trying to play with ideas and I don’t understand diplomacy/negotiations very well, so can someone please provide input?

    If Iran actually pushes (as one of its many demands) that the US/Israel be put on trial for assassinating their head of state and numerous events before and after, what would the reaction be?

    Obviously the entire West would view this as a non-starter, but beyond that, would it be beneficial on Iran’s part to try something like this, or detrimental, or just completely inconsequential and a waste of time/rhetoric?

    Thanks!

    1. leaf

      Assuming that the US just doesn’t sanction the ICC and everyone who works for it outright for trying to do that, the US also has it’s own law that authorizes it to invade the Hague to rescue the accused. This is kind of a dead end and a total waste of time/effort since the court is hugely Western leaning anyways. Think of how all these European signatories are threatening to arrest President Putin (issued a warrant for totally bogus reasons) if he flies over their territories while the same signatories look the other way when Netanyahu (who also has a warrant) flies over their territories
      https://en.wikipedia.org/wiki/American_Service-Members%27_Protection_Act

    2. Socal Rhino

      Iran is communicating their terms for surrender.

      To avoid ISR/US taking a pause to lick their wounds and then return to attack again, Iran needs the aggressors to be defeated. Defeated to the extent of agreeing to conditions that would have been deemed impossible until that point. Capitulation.

      The US finds the Iranian position to be absurd. Today with Danny Davis, Alex Mecouris expressed something that is being said elsewhere: he dismissively said that Iran’s demands are obviously not going to accepted. That is today, before real economic pain is felt in the US.

      Oddly enough, I think ISR is closer to a change of long-held assumptions than the US is. The US may soon begin to feel economic pain but ISR is being taken apart.

      1. Samuel Conner

        There is a lot of ruin in (sustainable by) a nation.

        But smaller nations have less ruin in them than do larger nations.

    3. lyman alpha blob

      In a sane world, the UN would have already stepped in against these blatant violations of international law and sent peacekeeping forces into the Zionist entity.

      In the world we actually live in, they’d need to catch the guilty parties first. If this were to happen, I imagine any trial would be a short one and justice swift. Probably won’t happen given the complicity of so many global elites, but a guy can dream.

    4. Aurelien

      You can’t put countries on trial, only people. And assassination, as such, isn’t a separate crime, it’s punishable under domestic criminal law as murder.
      And neither Iran nor the US are signatories to the Rome Statute, so the ICC has no jurisdiction without a Security Council reference.
      Apart from that, no problem.

      1. hk

        There is, or, at least, there used to be, a law against assassinating foreign leaders in US law. I am curious, if only as a theoretical matter, for a foreign country to claim that they are prosecuting US persons under US law “on behalf of United States.” I do think it’s ludicrous, but is it even conceptually feasible?

    5. Treaty Tortoise

      Thanks for all the responses.

      It is hard to play with these types of ideas in a vacuum (especially without any formal background in the subjects), so I very much appreciate them!

  36. Old Bond Man

    I am not sure if this is relevant, but I noticed that earlier this week the FCC, citing national security concerns, banned new consumer internet routers manufactured outside the US.

    “The only routers I know of that are manufactured in the US are some Starlink Wi-Fi routers, which are primarily made in Texas. Starlink is part of Elon Musk’s SpaceX company, but many of the components in these routers come from East Asia.”

    Source: https://www.wired.com/story/us-government-foreign-made-router-ban-explained/

    “Effectively, this would stop foreign-made routers from being imported unless their manufacturers obtain an exemption, due to what the FCC called an ‘unacceptable risk to the national security of the United States or the safety and security of United States persons.'”

    Source: https://www.malwarebytes.com/blog/news/2026/03/new-fcc-router-ban-could-leave-home-networks-less-secure

    Although not explicitly stated, I assume these restrictions would also apply to most if not all foreign made cable modems.

    I welcome any feedback from readers of this site regarding whether or not this recent order is potentially connected with the administration’s planning for an extended global conflict.

      1. JP

        If you don’t know how to set it up yourself, try to find someone who knows enough to set up OPNsense or pfSense on a small computer with dual (or more) ethernet interfaces like a Protectli.

        These are fricking rock-solid beasts and can be made pretty damn’ secure. Alternatively get an Edgerouter from Ubiquiti, or a Unifi device. They are more spendy but pretty easy to set up. Also, get a backup cable modem too – these things can die.

        In answer to the OP’s last question (extended global conflict) my feeling is no, it’s not. I think it’s just another half-arsed attempt to try to get stuff reshored. China has no need to backdoor this stuff – the US is shooting itself in the face perfectly adequately.

    1. JM

      I haven’t had a chance to dig into this yet, but some comments I saw indicated this would only affect future products – anything on the narket now is exempt. Also it might not impact firmware/software, but only hardware – making it useless for the stated goals.

      I’ll take the opportunity to plug openwrt as an open source option for router software and firmware.

      1. Old Bond Man

        I agree that there is some confusion about whether this ruling will affect the continuing manufacture of products already on sale. Any precise clarification would be great.

        My (Vietnamese made) Asus hardware runs reasonably current versions of DD-WRT, a Unix based system I have learned to love. I want to believe it’s not vulnerable. (I am not technically sophisticated enough to understand what risks relate solely to a router’s hardware, not its operating system.) DD-WRT is also VPN friendly (meaning it facilitates running a VPN on the router itself which obviates the need for separate VPN software installations on connected devices).

        1. ThirtyOne

          A pretty concise look at the ruling:
          While existing devices will remain in circulation and may be sold, restrictions apply here as well. Software and firmware updates are now permitted only to a limited extent. Security updates and necessary compatibility adjustments remain permitted for now, but only until March 2027. Functional updates, however, do not fall under this exemption. This creates a potential risk to the long-term security and further development of devices already in use.

          https://www.igorslab.de/en/the-u-s-is-blocking-new-router-approvals-unless-they-are-manufactured-entirely-domestically-and-this-is-causing-massive-upheaval-in-the-market/

    1. skippy

      amfortas … Yes NC back in the day was a groovy lounge room for thinkers and a place where knowledge could be disseminated in real time, hence the amount of ideological or other bots attempting to play rhetorical games in shaping the social narrative via internet and msm.

      Out of all that one has to consider the many posters and commenters over that entire time line and how it relates too the here and now. Whilst I don’t agree with Philip in Toto, never did, he is young and cutting his teeth in the real world. I did respect the work he did via intellect in observing the world past and present. Was very interested to see how he would go post academia and getting a job. Had a play in Walls[tm] Street, fkno, and then London for GMO, and now move to Hungary.

      I concur for so many reasons that we are all moving into a post western liberal world, everything from family formation, economics, and how multipolarity washes out. Getting on the piss with you one night is on my bucket list, sadly its on looking good …

  37. Silo Man

    I hesitate to suggest the following fearing public ridicule but….. I am wondering,,,the comments about “head fakes” provoked the following question. What would happen if the US unilaterally agreed to pull its bases (which has already happened in Iraq and most of the rest have been destroyed making this kind of a moot point), but said nothing about Israel, leaving it to fend for itself… ie it gets thrown under the proverbial bus. The US has never had any allegiance to it’s many allies and deserts them when the going gets tough. It is what we do. Why not now as well? The timing would be about right and might even rehabilitate Trump’s declining political fortunes…..He could announce such a move as a result of the “talks” he claims to have been having with Iran.

    Sure, it is unlikely be we are just duplicitous enough to do it.

    1. Yves Smith Post author

      It would be a great idea except it would require realism and would amount to an official abandonment of our imperial pretenses.

      It could also mean the end of the petrocapital system. I hate the term petrodollar, the issue is not the invoicing currency save to evade sanctions. It is where the holders of oil surpluses choose to invest. In the 1970s, it was always going to significantly in dollar assets due to the size of our economy and having far and away the best regulated and deepest capital markets. The US is still “least bad” in terms of regulation and disclosure, but the Gulf states had other reasons: it was part of the quid pro quo of the US protecting them militarily.

        1. Glen

          I think this “gift” is more confirmation of what Micheal Hudson discusses in your link:

          Trump says Iran’s ‘present’ to US was allowing 10 oil tankers through Hormuz
          https://www.reuters.com/world/asia-pacific/trump-suggests-that-iran-let-ten-oil-tankers-through-strait-hormuz-2026-03-26/

          I’d like to know more details, but this sure looks like Iran just getting on with how the Gulf works now, no President or gift required.

          Pardon my crudity, but I feel like we’re at the point now where a monkey could fly out of the President’s a$$, and Karoline Leavitt would put lip stick on it, and we’d endure a week of the MSM yammering on about it.

      1. JohnnyGL

        Let’s be real, here. There’s no way this war ends without at least ONE or more of those Gulf Monarchies falling apart in some sort of uprising. My top candidate is Bahrain.

        Once that happens, the US imposes sanctions on the new “regime” for being pro-Iranian, and magically, those assets get appropriated away just like Venezuela’s and Libya’s assets got stolen.

        The real confidence trick is that the Gulf monarchs think they still ‘own’ those assets that are invested in US stocks/bonds/real estate, etc. We let them strut around Wall Street and Silicon Valley like they’re important players. They’re as disposable as anyone. I suspect they’re starting to learn that.

    2. Socal Rhino

      I think this is what Iran is addressing when they say the time is not yet right for negotiation. The US won’t willingly abandon its military presence in the gulf. The gulf monarchies won’t willingly abandon their relationship with the US.

      If the US thought realistically and strategically, I think we would begin to close down all of our overseas bases and focus on the home front. Build self-sufficiency in rare earths production. Address the processes that led to the $13B white elephant that is the Gerald Ford and air defenses that are too ineffective and too expensive to justify their existence. Realize that a badly educated population is a disadvantage in a contest with a Russia, China, or even Iran. And so on. Sadly, I don’t see this happening in my lifetime but maybe an impending strategic defeat would concentrate some minds (thinking of Samuel Johnson’s quip that nothing concentrates a man’s mind like knowing he will be hanged within a fortnight).

      1. Silo Man

        Agreed.. But realism, introspection and cold blooded assessments of our national interests are not monetized. AT least yet. Strange when you think about it..they should be the first things we monetize..

  38. Wukchumni

    Is this the real life?
    Is this just fantasy?
    Caught on a roller coaster ride
    No escape from reality

    Open your eyes
    Look up to lies and see
    I’m just a not so poor goy, I need no sympathy
    Because I’m easy come, easy go
    Little high, little low
    Any way the wind blows
    Doesn’t really matter to me, to me

    Ali Khamenei, just killed the man
    Put a missile against his head
    Pressed a button, now he’s dead
    Manna, strife had just begun
    But now I’ve gone and thrown it all away

    Manna, ooh
    Didn’t mean to make you cry
    If the Dow is not back again this time tomorrow
    Carry on, carry on as if nothing really matters

    Too late, my time has come
    Sends shivers down my spine
    Body’s aching all the time
    Goodbye, everybody, I’ve got to go
    Gotta leave you all behind and face the truth

    Manna, ooh (Any way the wind blows)
    I don’t wanna die
    I sometimes wish I’d never been born at all

    I see a little silhouetto of a man
    Scaramucci, Scaramucci, will you do the Fandango?
    Thunderbolt and lightning very, very frightening me
    (Galileo) Galileo
    (Galileo) Galileo
    Galileo Figaro
    Magnifico-o-o-o-o

    I’m just a not so poor goy, nobody loves me
    He’s just a not so poor goy from a not so poor family
    Spare him his life from this monstrosity

    Easy come, easy go, will you let me go?
    Bismillah! No, we will not let you go (Let him go!)
    Bismillah! We will not let you go (Let him go!)
    Bismillah! We will not let you go (Let me go!)
    Will not let you go (Let me go!)
    Never let you go (Never, never, never, never let me go)
    Oh oh oh oh
    No, no, no, no, no, no, no
    Oh, mamma mia, mamma mia (Mamma mia, let me go)
    Beelzebub has a devil in the details put aside for me, for me, for me

    So you think you can stone me and spit in my eye?
    So you think you can love me and leave me to die?
    Oh, Bibi, can’t do this to me, Bibi
    Just gotta get out, just gotta get right outta here

    Ooh, ooh yeah, ooh yeah

    Nothing really matters
    Anyone can see
    Nothing really matters
    Nothing really matters to me

    Any way the wind blows

    Bohemian Rhapsody, by Queen

    https://www.youtube.com/watch?v=xG16sdjLtc0&list=RDxG16sdjLtc0

    1. Samuel Conner

      The thought occurs that something could be done with the lyrics to Kansas’ Carry on wayward son

  39. JP

    Interesting Ken Klippenstein.

    If you watch or read the media, you would think that a “ground invasion” of Iran is “imminent” — either to land on Kharg Island, a five-mile speck that processes 90 percent of Iran’s oil exports, or to take some coastal strip adjacent to the Strait of Hormuz.

    It is not imminent and not even inevitable.

    Military sources tell me that for weeks, the Pentagon has exaggerated the readiness and potency of the Marines, setting in motion a media frenzy that is part stupidity, part disinformation to spook Tehran, and part manipulation to please Donald Trump.

    FWIW, his sources tend to be accurate.

    1. albrt

      Readiness is definitely vastly exaggerated. Stupidity is inherent, and disinformation and manipulation are standard for this administration.

      However, even if the underlings only intended disinformation and manipulation, Trump is still capable of ordering the unprepared forces into a catastrophically bad situation. He often seems to be more enthralled with his own disinformation and manipulation than his followers.

    2. Carolinian

      Yes if his facts are correct it is a debunking. But he also says

      But even if there were a ground operation against Kharg Island, it would most likely involve Army Rangers and special operations forces, Green Berets and Navy SEALs

      So some other ground operation not being unaccountably trumpeted could secretly be in the works.

      1. urdsama

        Well, since Larry Johnson said yesterday on Daniel Davis Deep Dive that such forces (with the exception of the Rangers) were rumored to be involved, I feel like Klippenstein might be inadvertently taking both sides of the position.

        In any case, it still depends on his facts being correct and basing future events on military behavior that does not seem to exist under Trump. Not great odds.

        1. Carolinian

          Watching Johnson on Davis. He’s saying special forces have already arrived by airplane

          We’ll see Saturday

  40. Anthony Martin

    “Netanyahu Reportedly Orders Escalation of Iran Strikes Over Fear War Will End Soon” (Haaretz yesterday)
    Trump and the US must get their marching orders from Bibi. The battle cry i: Oorah Epstein. Oorah Netanyahu! Israel First! It’s too bad Congress is absent on matters of war. The People of the US can’t do math: Dump Trump or Pay at the Pump. The Administration can’t do analysis: Will bombing Iran close the Straits of Hormuz? Will putting ‘boots on the ground’ prolong the conflict? What me worry?

  41. kriptid

    Assessment from our energy trading desk at my Wall Street firm of potential market moves given the US escalation scenarios being floated out there:

    1. Kharg Island “boots on the ground” (+$10-$15 move)
    2. US Navy embargoes Iranian oil exiting the Straight of Hormuz (+$5-$10 move)
    3. Ahvaz oil field “boots on the ground” (though our trader describes this as “unthinkable, and dangerously close to a previous US forever war in Iraq” … “a hornets nest”) – (+$25-$50 move)
    4. Houthis bottle up the Saudi oil flowing out of Yanbu by closing the Bab El Mandeb (+$5-$10 move)

    Of course, these aren’t all necessarily mutually exclusive. It seems likely that #4 will certainly happen if either of the other three scenarios occurs. So quite a range of possibilities… but certainly none of them good.

    1. John Leurini

      Here’s the thing, what’s the estimated price hike from maintaining the status quo? It suits the Iranians just fine, and they’ve got the upper hand.

      No one is pricing in a ground incursion from Kuwait into southwestern Iran?

      I don’t think they’ll do #2. It rattles oil markets and they won’t be able to maintain the blockade without putting ships in missile range. Iranian oil tankers will just hug the coast.

      They’ll try #1 and #3, possibly. But, it will go so badly, that they’ll have to get out, quickly, with heavy casualties. They’ll have to destroy something so they can declare “mission accomplished”, then, a few analysts will ask why they didn’t just bomb the particular thing, in the first place to avoid the heavy casualties that were suffered?

      #4 – the Saudis are really trying to keep a low profile, here. The Iranians are trying to let them do so. But, that’s an ace-in-the-hole for the Iranians if they really want to do damage.

    2. Es s Ce Tera

      Only those 4 scenarios? That seems limited.

      How about a #5, US establishes beachhead(s) somewhere along the Iranian coastline and uses it to run hardware up and down the coastal roads, wack-a-moling Iranian forces and/or launch points, by way of “taking control of the strait”?

  42. Ann

    Russia says Britain’s decision to detain its vessels is hostile, vows response

    https://www.reuters.com/world/uk/russia-says-britains-decision-detain-its-vessels-is-hostile-vows-response-2026-03-26/

    Trump says Iran asked him to be next Supreme Leader but he refused

    https://www.newarab.com/news/trump-iran-asked-me-be-supreme-leader-i-said-no-thanks

    Spain’s parliament approves €5 billion package to curb impact of war in Iran

    https://www.euronews.com/2026/03/26/spains-parliament-approves-5-billion-package-to-curb-impact-of-war-in-iran

    Iran hardliners ramp up calls for a nuclear bomb, sources say

    https://www.reuters.com/business/media-telecom/iran-hardliners-ramp-up-calls-nuclear-bomb-sources-say-2026-03-26/

    https://www.reuters.com/business/media-telecom/iran-hardliners-ramp-up-calls-nuclear-bomb-sources-say-2026-03-26/

    https://www.cbc.ca/news/business/armstrong-oil-strait-of-hormuz-9.7142143

    US eases Belarus sanctions as Trump says he’ll help US farmers impacted by Iran war

    https://apnews.com/article/treasury-trump-belarus-sanctions-lukashenko-farmers-fertilizer-48a742dbf2e4176a04f308d3020c0b4a

    Volkswagen in talks to produce parts for Israel’s missile defence system, FT reports
    German car giant with Nazi-era roots pivots to defence production as the industry struggles to compete with China

    https://www.middleeasteye.net/news/nazi-era-weapons-maker-volkswagen-eyes-return-arms-production-time-israel

    Children as young as 12 can join war support, IRGC says

    https://www.iranintl.com/en/202603265637 The picture….

    Donald Trump will ‘unleash hell’ if Iran doesn’t make peace deal, White House says

    https://www.euronews.com/2026/03/25/donald-trump-will-unleash-hell-if-iran-doesnt-make-peace-deal-white-house-says

    Iranian hacker group threatens Lockheed Martin staff in Israel

    https://caliber.az/en/post/iranian-hacker-group-threatens-lockheed-martin-staff-in-israel

    1. Carolinian

      Re Trump/Supreme Leader–good to know he finds all this funny. Maybe he can make some more Pearl Harbor jokes.

      After the impeachment he can get a gig at Vegas while awaiting war crimes trial…..

      1. albrt

        Trump saying he won’t attack this weekend makes an attack this weekend more likely, not less likely.

        1. Yalt

          He didn’t say he wouldn’t attack, he said he wouldn’t destroy any “energy plants.”

          I know, either way it’s not worth the social media outlet it’s posted on.

  43. Oregon Lawhobbit

    Just below the Johnson video is this bit:

    “This is a must listen in terms of the crazypants…”

    which I misread as “This is a must listen in the time of the crazypants.”

    I’m not sure that my misreading is all that wrong, though.

  44. Ann

    Trump Is Secretly Bad-Mouthing Vance for Saving Face on War

    https://www.thedailybeast.com/trump-is-secretly-bad-mouthing-vance-for-saving-face-on-war/

    Trump Threatens to Send Military to Join ICE at Airports

    https://www.thedailybeast.com/trump-threatens-to-send-national-guard-to-join-ice-at-airports/

    Helium shortage has started impacting tech supply chains, execs say

    https://www.reuters.com/world/asia-pacific/helium-shortage-has-started-impacting-tech-supply-chains-execs-say-2026-03-26/

    Pentagon Wants It to Be Illegal for Reporters to Ask “Unauthorized” Questions

    https://theintercept.com/2026/03/26/pentagon-reporters-first-amendment/

    Iran war chokes petrochemical supply, sends plastic prices soaring

    It’s Not Trump. It’s America.

    https://www.nytimes.com/2026/03/26/opinion/trump-america-iran-war.html?unlocked_article_code=1.WFA.SoXb.9mDmmVGx69gd

  45. Safety First

    And now there’s an “indisputable visual evidence” answer to my earlier question above about whether Iranians or their proxies use FPV drones. [Thanks to the people who responded, by the way.] Pars Today just posted a Hezbollah video showing two FPV drone strikes on a pair of Merkavas…somewhere.

    https://t.me/parstodayrussian/199290#

    If Hezbollah has it, the IRGC has it, is my thinking. Though, perhaps, not quite on the scale that the Russians are employing or the Chinese are building. For now.

    By the way, the text of the post reprints the claim that up to this morning Hezbollah has “destroyed” 18 Merkavas in various places in South Lebanon, but a) I’d replace the word “destroyed” with “hit”, because assessing actual tank losses in any conflict is a bit of a complex problem; and b) at least half of this total was with ATGMs, as per earlier Hezbollah videos.

  46. Ray B

    My question is how is the US and Israel still able to hurt Iran so hard?

    I thought Iran had hit all the nearby bases, and the aircraft carriers had slunk away. Iran should at least be able to disable the Israeli bases one would think.

    Otherwise we are talking about long range mission flights, which means air tankers. Where are they based, and what is their range? Iran is unable to hit the tankers where they are based?

    Also: is the US actually hitting the underground missile site entrances that hard? Does that imply they do indeed have air superiority?

    Does Iran actually have functional air defences? I would have expected that now is the time to roll them out, and expected to hear more about their effectiveness.

    1. urdsama

      Are the US and Israel still hitting Iran hard? The amount of propaganda, AI, and disinformation is very high. With the exception of US armaments (which are being reduced) I actually doubt Israel is doing much to Iran right now.

      Time will tell.

    2. hk

      I would venture that we are burning through our supply of JASSMs mostly, with only occasional forays by stealthy aircraft beyond the coastal/border regions. Iran doesn’t have a lot of quality AD, so they have to wait for the occasional good shots, I should think.

    3. Copeland

      Not an assignment, but I’ve been wondering the same. Yves said she’s worried about what USA can still do to Iran. Me too, but how exactly are they able to do it?

      If all gulf bases are now unusable, are there other bases further away that are successfully hitting Iran with the help of mid-air refueling? UK, Italy, Germany, others?

      How many aircraft carriers are still in the fight, and are they able to hit Iran with refueling?

      Is USA attacking from Diego Garcia?

      Are all missiles (& glide-bombs) being launched from aircraft, or are land-based missiles being launched, if so, from where? For that matter, are missiles being launched from destroyers or subs?

      1. Ray B

        I heard about HIMARs being launched from the UAE for the Kharg Island attack. Has that base been taken out then?

        Long flights mean air tankers coming from a base somewhere, even for sorties from aircraft carriers. I.e. tankers cannot fly from carriers. Maybe Cyprus? Can/will/did Iran hit there as well?

        I would have expected the Israeli air force to be seriously in trouble by now, since presumably their bases are all much closer, and should be heavily damaged. Or will be if the interceptors are depleted.

        Overall I would think that the air war effort should be getting very difficult and complicated to do, and very expensive.

        1. Acacia

          Iran has sent drones that hit RAF Akrotiri on Cyprus. It’s within range of their missiles, too.

          One Iranian drone smashed into the hangar were a couple of U-2 spy planes are stashed, tho if the planes were actually damaged we’d probably never be told.

  47. ChrisPacific

    My initial thought is that any action of this kind in the Strait will decrease, not increase, the shipping traffic. I doubt the US will be able to secure it to the extent that ships will be able to pass if Iran wants to prevent it, but I think it’s entirely possible that turning the Strait into an active war zone will mean that even the small number of Iran-approved ships will no longer be able to get through.

    1. hk

      I tend to agree with this: Iran approved ships being able to pass is too obvious an indicator of US defeat, and this has to be stopped, from our viewpoint, before too many countries join in–US having to forcibly stop, say, Japanese ships raises way too many bad optics. I do wonder if that ship, do to speak, has already sailed, though.

      1. ChrisPacific

        I’m not necessarily suggesting the US would stop them (though it’s a possibility, I guess) just that if things got too kinetic in the Strait, it could become impossible for any civilian vessels to navigate for a while.

  48. Jason Boxman

    In other market manipulation news, ES futures popped 60 points at 4:10 after the close, then immediately reversed in the next 3 minutes of candles.

    Sure, that’s legit.

    1. ChrisFromGA

      Well, common sense suggests that Wall St. hates uncertainty more than anything, and a 10-day delay means more uncertainty. Until the next TACO moment.

      But I doubt there is any such thing in markets anymore. More likely, Jared Kushner and friends made a quick day trade.

      1. albrt

        Yes, but it’s still significant. I think we have crossed the line where a TACO that delays a catastrophic action is no longer good news. Much of Asia-Pacific outside China is now looking at a hard limit on available fuel. They can’t wait around any longer, their only hope is that Trump somehow delivers a big change that gets the spice flowing again. Stalling won’t work.

  49. Ann

    Trump extends deadline for Iran to open strait of Hormuz by 10 days

    President claims talks with Tehran regime are ‘going very well’ and says he is pausing ‘Energy Plant destruction’

    https://www.cnbc.com/2026/03/26/trump-iran-war-oil-energy-pause.html

    Trump urges Iran to make a deal or US will ‘keep blowing them away’

    https://www.reuters.com/world/middle-east/trump-urges-iran-make-a-deal-or-us-will-keep-blowing-them-away-2026-03-26/

    Chief of Staff Zamir warns IDF will collapse due to lack of manpower, raises ‘ten red flags’
    Israel would still need more soldiers in peacetime, while there is still no law set in place to significantly increase haredi conscription into the army.

    https://www.jpost.com/israel-news/politics-and-diplomacy/article-891368

    Trump says Iran ‘begging’ for deal to end war as Tehran issues new demands

    https://www.aljazeera.com/news/2026/3/26/as-trump-claims-us-winning-tehran-asserts-legal-right-over-hormuz-strait

    1. JohnH

      Whenever you hear Trump utter the word “deal.” it’s best to shut your ears. It’s just public posturing and BS.

      Apart from Venezuela’s palace coup, what deal has Trump ever done in foreign policy?

    1. Darthbobber

      Delays making unpalatable decisions and extends “hoping that something will turn up”

  50. Polar Socialist

    Allegedly village of Taybeh, southern Lebanon, 3 km from the Blue Line. There’s another similar video located some 4 km south of this one, a Merkava getting hit just west of the Blue Line.

    I did see earlier that Israel announced sending yet another division to Lebanon. Meanwhile Israeli channel 12 is saying the IDF chief-of-staff Zamir warns IDF is about to collapse due to exhaustion…

  51. Samuel Conner

    There is a report that DJT has further extended the deadline to accept his ultimatum

    It seems to me that this rhymes with the rhetoric toward Russia in the 2nd half of 2025.

    Perhaps it could be thought of as a kind of diplomacy version of the finance concept of “extend and pretend”

    1. Glen

      DJT had better act FASTER, it’s all slipping away from him:

      Here’s Kevin W. discussing how maritime insurance is re-aligning:

      More Iran War fallout: Maritime insurance industry shifts from London to China
      https://www.youtube.com/watch?v=McDFdSL4aq0

      And here’s the Duran providing an update on Trump’s position:

      IRAN WAR time pressure, TRUMP desperate for victory
      https://www.youtube.com/watch?v=OJ9G9x5EsOM

      Alexander drops a couple of bombs at the end of their report – what are those countries getting desperate for oil and gas going to do, and where is the Gulf money going? Hint: not all looking to or all going to America and the West.

      At this point, the more DJT dithers, the more it all just goes away…

      1. Paradox of Unrealized Power

        IRAN WAR time pressure, TRUMP desperate for victory

        I think that at this point, if Israel manages to just lose Dimona and keep Soreq, Palmachim, Glilot, Kiryat, Tel Nof intact, it will likely view it as a victory (at least privately).

        I don’t think Israel/US will manage to keep any of them, though. I think that Israel will be lucky to simply keep the Kirya and the National Management Centre in Jerusalem Hills–and if the latter remains intact it is only because it is nuclear hardened.

  52. Ann

    Breaking: Donald Trump to Add His Signature to US Currency, a First For a Sitting President

    https://www.vanityfair.com/news/story/trump-signature-dollar-currency

    Donald Trump Says High Costs During Iran War Don’t ‘Matter To Me’

    “I thought that the oil prices would go up higher. I thought the stock market would go somewhat lower,” the president said.

    https://www.huffpost.com/entry/donald-trump-says-he-thought-iran-war-would-make-prices-go-up-higher-actually_n_69c55dffe4b09f8e00506220

  53. itsaclasswar

    At the today’s closed session the Croatian government gave permission to an unnamed nuclear powered U.S. Navy vessel to dock at an unnamed Croatian port.

    1. Jason Boxman

      Sounds like a good reason to start paying TSA. But Congress can’t be bothered, lol.

    2. PAradox of Unrealized Power

      It is really astonishing what politicians say when they know they won’t get called out on their BS..Like, they don’t even bother trying to claim something believable

    3. Henry Moon Pie

      This reminds me of Fox claiming Sadaam had some sort of bomb that could fly across the Atlantic and hit the U. S., creating that “mushroom cloud over NYC.”

      Maybe next from Vance?

      Iranians have made a deal with aliens to take over the planet so they both can take away our freedoms.

    4. ChrisRUEcon

      So what?

      This is idea that some people should have nuclear bombs and others not is 50 shades of imperialist/racist/islamophobic. I’ve said it before: say good-bye to the faux era of nuclear non-proliferation.

    5. The Rev Kev

      Nuclear suicide vests are as likely as nuclear hand grenades.This story shows JD Vance to be as big an idiot as Trump is.

  54. AG

    NEW YORK TIMES 26th of March

    Even though the numbers presented are of course manipulated and they try to somehow spin some silver lining the overall impression of the state of US capabilites and posture even in this NYT piece is pretty devastating.

    Iran’s Attacks Force U.S. Troops to Work Remotely
    Iran has severely damaged several American military bases in the Middle East, officials say.

    https://archive.ph/hRlgh

  55. AG

    sorry if this was already posted:

    Furkan Gözükaran posting how even General Mattis is criticizing US conduct, posted March 24th:

    Absolute bombshell. General Jim Mattis completely destroys Trump’s Iran war strategy on live TV. He says hitting 15,000 targets means nothing without a real plan, and calls the demands for unconditional surrender and regime change absolute “delusional nonsense.”

    https://x.com/DJ_Ajaxx/status/2036621478041678057

    p.s. Martyanov with Nima comments Mattis´s comment from a professional military view again expanding to the whole of US military as he always does. But it is a crucial point which MSM is still totally oblivious of.

    In the end he kind of coins the “Military-Congressional-Media-Complex” MCMC 😉

    TC 29:55-34:30
    https://smoothiex12.blogspot.com/2026/03/nima-and-yours-truly.html

  56. Ben Panga

    Iran shepherds friendly bulkers through Hormuz (LLOYDS LIST

    (BP: cargo not oil)

    Evidence the Islamic Republic is allowing its own trade through the Strait of Hormuz

    Increase in westbound transits after weeks-long lull
    Other bulkers that have waited in the Arabian Sea are now on the move towards the gulf


    Despite many media outlets describing the Strait of Hormuz as closed, it is evident that Iran is such control that is able to get its imports in when needed, i.e. after a two-week period with no grain deliveries.

    It’s true that traffic through the Strait of Hormuz is still way down on pre-conflict levels. But to call it closed would be inaccurate: Iran is increasingly allowing bulk carriers its deemed friendly to make the trip

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