Trump sets Gulf ablaze

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Trump’s war on the Gulf is going swimmingly.

  • The 12th day of the renewed American campaign against Iran has begun. Iran starts a series of counterattacks.
  • For each attack on shipping in Hormuz, President Donald Trump threatens to bomb a civilian target.
  • Despite the lack of proof of nuclear enrichment, Trump claims the United States will attack Pickaxe Mountain “pretty soon.”
  • Electricity is being rationed in Kuwait.
  • According to the U.S. Department of Energy, its petroleum reserve may be far less than previously thought. Fuel markets are getting tighter, according to the International Energy Agency.
  • Pakistan asks for a $10 billion grant to participate in talks with Iran.
  • Despite the “ceasefire” arrangement, Israeli soldiers are still conducting airstrikes and incursions in southern Lebanon.
  • The Speaker of Parliament claims that the Israeli withdrawal “barely qualifies,” while the PM of Lebanon praises it as a start. In his meeting with Lebanese President Joseph Aoun, Trump pledges to “assist” Lebanon but makes no specific policy recommendations.
  • Israel is still bombarding Gaza. Israel acknowledges that it is enclosing the portion of Gaza under its control with walls.

To finish, here is one of the most ridiculous gambits in the history of stupidity.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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