Hat tip to Kevin Wamsley of Inside China Business. His recent video explaining the importance of China’s Beidou satellite navigation system provides a critical insight into the current success of Iran’s missile strikes on US and Israeli targets. It is a game changer. Here’s the video: Let me summarize it. During the 12-day war in...

Trump, in the midst of a rapidly escalating war with Iran, had nothing better to do on Thursday night than launch a verbal attack on China for alleged meddling in the 2020 election. Now let me state up front that I believe the 2020 election was stolen from Donald Trump, but it was not because...

On Monday July 13, airstrikes hit the runway at Sanaa International Airport shortly after a Houthi delegation returned from the funeral in Iran for the late Ayatollah Ali Khamenei. Yemen’s Defense Minister Gen. Taher al-Aqili said on X that the runway was struck to stop a plane carrying the Houthi delegation returning from Khamenei’s funeral....

Iran’s announcement declaring the MoU dead was quickly followed by a definitive change in Iran’s military tactics. On Tuesday, Iran’s Deputy Foreign Minister, Kazem Gharibabadi: ‘The U.S. has not merely ‘violated’ the Memorandum of Understanding. With tonight’s action (naval blockade) the MoU has been completely dismantled. Iran is no longer bound by the MoU. Until...

It has been a while since I have written about Russia and the war in Ukraine, but Vladimir Putin’s speech on Tuesday (23 June) to graduates of Russia’s higher military academies and security institutions (military cadets/officers) at the Kremlin merits attention because it carries an indirect but profound warning to the West. This was a...

While the US certainly suffered some reputational damage and significant economic costs from its unprovoked attack on Iran, the United Arab Emirates may really be the big loser. Let’s focus on Dubai. Think of Dubai as the World’s most expensive adult theme park that has no emergency exit. For decades, Dubai sold itself to the...

It is open. Nope, it is closed. Wait… It is open. What? Closed again? If you are following the media reports on the Strait of Hormuz you are probably dizzy from hearing about the changing status of the Strait of Hormuz. If you think that getting a firm agreement between Iran and the US to...

As of the week ending June 12, 2026, the US Strategic Petroleum Reserve (SPR) held approximately 340.25 million barrels of crude oil… Sounds like a lot, but it is approaching the danger zone. In late May, that number was 372 million barrels, which consisted of Sweet crude: ~142 MMB | Sour crude: ~230 MMB, according...

My old friend and new collaborator, Pepe Escobar, along with Mr. Z, broke news Friday afternoon regarding relations between the US and Iran (I’ve posted the video below). Despite the MoU stipulation that: by signing this memorandum of understanding, declare an immediate and permanent cessation of military operations on all fronts, including Lebanon, and commit...