Economic shocks will permeate long after Iran strikes stop, analysts predict
Source: BizPac Review · Bias: Far Right
Summary
Some analysts say the economic effects of Operation Epic Fury in Iran could persist for years, even after the strikes end. Oil prices have climbed since Operation […]
Economic shocks will permeate long after Iran strikes stop, analysts predict
Far Right
Some analysts say the economic effects of Operation Epic Fury in Iran could persist for years, even after the strikes end. Oil prices have climbed since Operation […]
Iran’s Parliament Speaker Mohammad Bagher Qalibaf has warned of an Iranian response if the U.S. and Israel breach the interim peace deal, as Tehran prepares to bury its former supreme leader, Ayatollah Ali Khamenei. “We strongly demand full implementation of the agreements, and if the U.S. and the Zionist regime fail to fulfill their commitments, Iran…
Iran's entire regime made a red carpet entrance to the first of three funeral ceremonies for late Supreme Leader Ali Khamenei — except the dead ayatollah's own son and successor.
Trump administration officials reportedly believed that the Israeli government intended to assassinate Iran’s top negotiators—including the country’s foreign minister—during peace talks with the US in an effort to sabotage diplomatic progress.The New York Times reported Thursday that “American concerns about the targeting of two particular Iranian officials—Abbas Araghchi, Iran’s foreign minister, and Mohammad Bagher Ghalibaf, the speaker of the Parliament—spiked during delicate ceasefire negotiations that began in April.” In response, the US “went so far as to ask other countries in the region to warn Iran about the possibility Israel could target the two officials,” according to the Times, which cited unnamed current and former American officials.The US and Israel have killed dozens of top Iranian officials since launching their illegal joint war in late February. But the allied countries reportedly removed Araghchi and Ghalibaf from their target list in late March, opening the possibility of high-level negotiations to end the war.But Israel remained bent on targeting the negotiators, according to the Times, whose reporting was later corroborated by The Washington Post.The Times detailed one dramatic incident in April, when Ghalibaf was planning to travel to Pakistan’s capital to meet with US Vice President JD Vance:Pakistani fighter jets escorted the Iranian airplanes carrying a delegation of more than 70 Iranians from the border of Iran to Islamabad and back again when the session was over.But on the way back to Tehran, an Israeli security threat emerged.Iran’s security forces notified the plane carrying Mr. Ghalibaf back to Tehran that they had picked up intelligence that Israel planned to attack the plane and that two Israeli fighter jets had entered Iran’s airspace from its western border near Iraq, the two officials said.Mahdi Mohammadi, a senior adviser for Mr. Ghalibaf, who accompanied him to Islamabad, confirmed this account on his social media page. The plane made an emergency landing in the city of Mashhad, Iran’s closest airport to the Pakistani border, and the Iranian delegation traveled some eight hours by land back to Tehran, Mr. Mohammadi and the two officials said.The Post reported that “cracks emerged” between the US and Israeli approaches to the war following Israel’s assassination of top Iranian national security official Ali Larijani in March.“They’ve wiped out everybody,” Trump told reporters in late March, suggesting Israel’s assassination campaign was making it difficult to find potential negotiating partners.Trita Parsi, executive vice president of the Quincy Institute for Responsible Statecraft, wrote in response to the new reporting that “Israel is a state that, on paper, is a US partner, but in reality is so extreme in its obsession to undermine US diplomacy that it even tries to assassinate those the US engages with in crucial negotiations.”“I can’t recall a government as terrified of peace as the one running Israel,” Parsi added.At present, the Israeli government—led by Prime Minister Benjamin Netanyahu—is endangering tenuous US-Iran peace talks with its continued occupation of and assault on Lebanon, which Iran has highlighted as a key factor in the negotiations.Visiting occupied southern Lebanon earlier this week, Netanyahu declared to Israeli troops that “our insistence is that we will not leave... until the threat is removed.”Parsi wrote earlier this week that “beyond his long-standing desire to use American force to subjugate Iran to Israeli domination and achieve a regional balance favorable to Israel,” Netanyahu “now also has stark political and personal reasons to restart the war” with Iran.“The [US and Iran’s memorandum of understanding] has come at a steep political cost for Netanyahu,” wrote Parsi. “His prospects for reelection in October are weaker than they have been in months. Once seen as the Israeli leader uniquely capable of delivering President Trump, he now confronts the prospect that both the war and the ensuing diplomacy will leave Israel in a strategically weaker position—undermining the very case he has made for his leadership.”“And of course,” Parsi added, “if he loses the elections, he will likely spend the next few years in jail, as he will lose his immunity as prime minister and face trial over corruption charges.”The story was published in partnership with Common Dreams, read the original here.
The Trump administration concluded a recent mineral deal with Kazakhstan that, not surprisingly, enriches not only President Donald Trump’s own family but that of his secretary of commerce, Howard Lutnick. Trump’s two eldest sons, part owners of Dominari Securities, are set to profit from the Kazakh tungsten deal. So is Cantor Fitzgerald, the investment firm run by Lutnick’s two sons.As The New York Times pointed out in its investigation of the scheme, “Their sons were soon doing business with partners in a deal that their fathers were negotiating, continuing a pattern of self-enrichment in the second Trump administration that has few precedents in American history.”The phrases “self-enrichment” and “few precedents” are interesting ways of characterizing this latest instance of the administration’s corruption. Isn’t self-enrichment a good thing, in the sense of profiting from your own hard work? By contrast, the article doesn’t mention the word “corruption” at all. Perhaps the Times is worried about getting hit by yet another Trump legal challenge (in October last year, Trump refiled a $15 billion defamation suit against the paper for its coverage of his 2024 presidential campaign).There are indeed several precedents in American history for what Trump is doing. These previous corruption scandals—Credit Mobilier, Whiskey Ring, Teapot Dome—wrecked the reputations of presidents and cast long shadows over American politics. They also helped to produce the kind of safeguards that Trump is now destroying.Foreign policy is a tool by which the administration levies a toll on any entity that has the temerity to be a country other than the United States. As with much of Trump’s disrespect for norms, his corruption has been massive and largely in full view. The two outstanding questions are: Will Trump and company ever be held accountable for their graft and will this corruption have an enduring impact on political institutions in the United States?Tracking the DamageIf scandalous behavior unfolds in full view of everyone, is it still a scandal? “Scandal” suggests something hidden, something whispered about, something revealed. Trump’s actions are full frontal. They are both brazen and matter-of-fact.According to the Trump administration and its extended family, the money skimmed off the top of economic transactions is just smart politics. The administration has endeavored to negotiate every peace deal, trade agreement, investment arrangement, and mineral pact in such a way as to deliver Trump, his family, and their circle of close supporters a good chunk of change.This is Trump’s interpretation of the American dream: Folks would be downright foolish not to profit from their position. All the great tycoons made their money, from railroads to AI, by being in the right place at the right time with the right amount of ruthlessness. In Trump’s case, however, he is using taxpayer money to cover the risk. And most the time, given the terms of the arrangement, there is hardly any risk because Trump is using his presidential power to game the system. That’s what he really means by the “art of the deal.” Trump only deals from a marked deck of cards.The Center for American Progress runs Trump’s Take, which estimates that the president has received a little over $2.6 billion in cash and gifts since he took office in January 2025.The graft is not secret, though sometimes the actual amounts involved are obscured by layers of complex finance. Trump’s recent mandatory financial disclosure offers some details. But thanks to a number of websites, it’s become quite easy to track in real time the growing amount of Trump’s slice of the pie.The Center for American Progress runs Trump’s Take, which estimates that the president has received a little over $2.6 billion in cash and gifts since he took office in January 2025. Much of this money has come from various crypto schemes, including the Trump meme coin, but also such dubious ventures as the documentary about Melania Trump and a number of legal settlements (more colloquially known as shakedowns). Corruption Counter puts the value at $2.2 billion and includes such recent items as the $100 million savings for Trump from the recent effort to bar the Internal Revenue Service from auditing the president. (Courts blocked the overall $1.8 billion “settlement fund,” but the Justice Department is upholding the IRS amnesty.)If you want to keep track just of the crypto deals, the Democrats on the House Oversight Committee maintain the Trump Family Digital Grift Wealth Tracker. Senator Chris Murphy (D-Conn.) keeps his own list, which highlights the insider trading around the Iran War and a defense contract with Dell after the president invested in the company. David Kirkpatrick, at The New Yorker, has been keeping a running total of Trump’s ballooning assets. In January, he updated his total to $4 billion, which details, among other things, the Gulf money flowing into Trump pockets.
Washington, D.C.’s annual A Capitol Fourth concert will go on as planned Friday evening despite oppressive temperatures expected to climb into the triple digits, though officials are adjusting event logistics and urging attendees to take precautions as a dangerous heat wave settles over the nation’s capital. The U.S. Capitol Police announced Friday morning that the […]
July 4th events for America's milestone birthday are being threatened by a brutal heat wave. And, Russia has struck Ukraine's capital, killing several people in what it calls retaliatory attacks.
