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23.07.26 - 23:00
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"A Bridge Too Far": Middle East Set For A Massive Escalation (ZeroHedge)
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"A Bridge Too Far": Middle East Set For A Massive Escalation
By Michael Every of Rabobank
Unless things change dramatically, the Middle East seems set for massive escalation.
President Trump yesterday warned every missile, rocket, or drone Iran fires at ships in Hormuz will be met with the destruction of an Iranian bridge or power plant.
This morning, the IRGC says a tanker is on fire after an explosion in the strait and Kuwait is under drone attack. Moreover, the Houthis claimed attacks on two Saudi tankers in the Red Sea, raising the risks of a new global energy chokepoint besides Hormuz.
Reports say the US is surging military forces to the region, heavy bombers are being prepared, and Mossad is coordinating with the CIA. Equally, Iran's Ghalibaf has stated there will be no safety if Iran's security is not guaranteed, read as more or less a declaration of war against the entire region's infrastructure and energy should its own be hit.
Worse, Iranian strikes on CIA Middle-East fa...
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23.07.26 - 15:54
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Oil price passes $100 a barrel again as Middle East conflict escalates (The Guardian)
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Benchmark rises sharply over fears Houthi militia could strangle Saudi exports as US-Iran fighting intensifiesThe oil price has climbed back above $100 a barrel for the first time in two months, as a fresh escalation of the Middle East conflict threatens to compound disruption to global oil supplies.The benchmark oil price rose sharply on Thursday, after reaching $95 a barrel the day before amid fears that Yemen's Houthi militia could strangle Saudi oil exports through the Red Sea while US-Iran tensions over oil flows through the strait of Hormuz intensify. Continue reading......
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