UK - The economic consequences from the war in the Middle East are being felt far beyond the region, as governments scramble to contain soaring energy costs and growing fears for the global economy.
USA - Almost a month into Donald Trump’s war with Iran, two things are clear. First, the president has sparked a global conflict that has resulted in the deaths of more than a dozen US service members and wounded hundreds more, while killing thousands of civilians in the region and displacing millions more. Second, Trump’s war threatens to deliver a gut punch to a teetering American economy. If he does not end his war immediately, he risks a recession that will shutter small businesses and toss millions of workers out of their jobs — all while more American troops arrive home in coffins.
USA - US President Donald Trump threatened to abandon NATO on Friday night after his European allies declined to intervene to help reopen the Strait of Hormuz. Trump said the US does not 'have to be there for NATO', in his latest comments hitting out at his allies for not joining in his and Israel's war on the Islamic Republic. Speaking to an investment forum in Miami on Friday night, the President said he was upset that European NATO countries had declined to provide material support to the US as the conflict enters its second month.
GERMANY - The Alternative for Germany (AfD) party has called for the withdrawal of all US soldiers from the country. Tino Chrupalla, the far-Right party’s co-leader, told a meeting on Saturday that it was time to remove allied troops and nuclear weapons from Germany in order to pursue an “independent” foreign policy. “Let’s start implementing this with the withdrawal of US troops from Germany,” he told supporters in Saxony. Nearly 40,000 American troops are stationed in the country, which hosts more than a dozen major US military installations, including its European Command headquarters. The Telegraph reported on Friday that Donald Trump was considering pulling US troops out of Germany – something he has been thinking about since returning to office last year.
USA - As if President Trump does not have enough on his plate fighting a war against Iran’s ayatollahs, the revelation that Russia has been giving Tehran valuable intelligence also shows that he is fighting a proxy war against Moscow. Now details have emerged claiming that Moscow was directly involved in helping to plan an Iranian missile-and-drone attack on a US military base in Saudi Arabia which succeeded in destroying a £370 million E-3 Sentry radar plane, as well as a number of refuelling aircraft, making it one of the most successful attacks Iran has carried out against the US since the war began. At least 15 US troops were wounded in the attack. According to Zelensky, the attack took place after Kremlin satellites had photographed the Saudis’ Prince Sultan Air Base in Al Kharj on three occasions.
SAUDI ARABIA - The mangled airframe of the four-engined US air force jet stands on the runway of Prince Sultan air base in Saudi Arabia. Amid the twisted metal, what looks like a large flying saucer lies upside down. It is, or was, the rotating radar dome that usually sits above the E-3 Sentry, one of the jewels in America’s military crown – essentially a $500 million (£375 million) flying battlefield nerve centre that allows commanders to track everything in the air across hundreds of miles. As of Friday morning, the United States had 16 of the vital but ageing Cold War-era aircraft, with roughly 40 per cent of the fleet deployed to the Middle East. now they have 15, after Iran attacked Prince Sultan with, it is believed, ballistic missiles and drones, injuring 12 US personnel, two seriously, and damaging up to five air-to-air refuelling tankers. The point of impact, just where the radar dome attaches to the Sentry, suggests a precision strike by a drone, a more accurate weapon than a ballistic missile when used by Iran. It also hints at a worrying level of intelligence on the part of Tehran. “Iran didn’t just hit a plane. It hit a battle management layer, and at the moment when that layer is needed most.”
USA - Even if the Strait of Hormuz opened tomorrow, and that is certainly not going to happen, we are being warned that the economic impact of this war will be felt all the way through to the end of this decade. A lot of energy infrastructure has already been destroyed during this war, and it will take years to rebuild it. And the crop losses that we will experience in 2026 due to a lack of fertilizer will be felt long into 2027. But the shortages that we are facing go way beyond just oil, natural gas and fertilizer. We are also facing unprecedented shortages of pharmaceutical drugs, plastics and other vitally important goods. A global nightmare has already begun, and if we don’t get the Strait of Hormuz opened soon it will get a whole lot worse.
USA - Spring has sprung, which means seeds that were planted in late winter are starting to germinate. They’re hungry and will only grow to their full nutritional potential if they’re well fed. But that, apparently, isn’t happening, as fertilizer supplies are interrupted by yet another pointless Middle East war. The result? Global food shortages that might dwarf the COVID-era Costco-hoarding mess of recent memory. The biological calendar does not negotiate. Corn requires nitrogen at the V6 to VT growth stage or kernel set is permanently reduced. Wheat requires it at tillering and jointing or grain fill collapses. Rice requires it at transplanting or yield drops 20 to 40 percent in low-input systems. These are not economic models. They are cellular processes. The plant either receives nitrogen during the window or it does not. If it does not, no subsequent application, no price increase, no policy reversal can recover what was lost. The damage is written into the biology of the seed.
UK - Ministers are scrambling to deal with the threat of diesel shortages within weeks as experts warn the energy shock from Middle East chaos could be worse than the 1970s. Keir Starmer and Rachel Reeves are holding crisis talks amid mounting fears over the looming impact from the Iran war. The Government has admitted it is drawing up contingency plans, despite appealing for Brits to continue their lives as normal. Sir Keir will meet Shell, BP and Norwegian energy company Equinor in Downing Street later to take stock. But warnings are becoming more stark about the scale of the hit to the UK - and how long it might last - with soaring pump prices just the tip of the iceberg.
USA - Donald Trump has said that he could 'take the oil in Iran' and boasted that he can invade Kharg Island 'easily'. It comes as the number of US troops in the Middle East swelled to 50,000, roughly 10,000 more than usual. Tehran has promised to set American soldiers on fire should the US President order a ground invasion of the country, after the Pentagon drew up plans for potential raids on Kharg Island - the Islamic Republic's main oil export hub - and attacks on coastal sites near the Strait of Hormuz. An attack on the five-mile-long Kharg Island - located 15 miles from the Iranian coast in the Strait of Hormuz - would be risky, raising the chances of more US casualties and prolonging the cost and duration of the conflict.
USA - President Donald Trump said Sunday a deal 'could be soon' amid negotiations with Iran and revealed 20 more oil tankers are set to pass through the Strait of Hormuz as a 'sign of respect'. Trump claimed Tehran was 'basically begging' for peace negotiations and the regime was desperate to cut a deal after suffering what he characterized as heavy losses on the battlefield. 'We’re doing extremely well in that negotiation. But you never know with Iran, because we negotiate with them and then we always have to blow them up,' he added while speaking to reporters on Air Force One. 'I think we’ll make a deal with them, but it’s possible that we won't,' Trump continued. 'I do see a deal in Iran. It could be soon.' When asked by Libby Alon of Channel 14 Israel whether the US could take control of the Strait of Hormuz, Trump replied: 'Yes, of course, it's already happening.'
VATICAN - Pope Leo XIV picks a top Rothschild executive to head the Vatican Bank, sending the conspiracy theories into overdrive. Conspiracy theorists immediately seized on Pauly’s ties to the powerful Rothschild group – one of the most famous international banking families in history that has been alleged to be part of the secret society known as the Illuminati. While no one needs to believe in the Illuminati, the notion that elite bankers, politicians, Freemasons and powerful families worldwide act to manipulate governments and world events is hardly controversial anymore.
USA - BlackRock CEO Larry Fink has publicly shifted toward what he calls energy pragmatism, admitting that society now demands a balanced approach to meeting power needs rather than adherence to rigid climate agendas. This could be a pivotal moment for global energy policy, as one of the planet’s most powerful financial players steps back from decades of ill-advised “green” mandates. BlackRock is the world’s top financial manager, overseeing more than $10 trillion in assets that sway markets, companies and even governments. After years of climate-driven experimentation – forced by deluded or dishonest politicians and business titans – the failures became too many and too consequential to be ignored. Little wonder that Larry Fink has turned his ear away from the rhetoric of alarm and toward client demands for strategic guidance.
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