The Islamic Revolution Guard Corps (IRGC) said in a statement last week that its military capabilities are stronger now than they were before Israel and the U.S. launched their illegal war of aggression on 28 February under the auspices of denying Iran a nuclear weapon.
ECONOMIC UPDATE
It appears that for now, the U.S. involvement in the Iran War is coming to an end. As a result, Brent crude, which at one time was trading around $120 a barrel as the war intensified, is now trading in the $77 per barrel range.
THE SYSTEM IS NOT COLLAPSING IN A STRAIGHT LINE… ITS FRACTURING IN PIECES FASTER
The US economy is not breaking all at once in one dramatic, easy to read event. That’s obvious.
IRAN WAR WILL NOT END WITHOUT ISRAEL ENDING ATTACKS ON LEBANON
Abbas Araghchi, Iran’s top diplomat, said Tuesday that the ceasefire deal between the United States and Tehran hinges on whether Israel continues to attack Lebanon because that war has become “connected to the war with Iran, and the two fronts became intertwined and dependent on one another.”
OFF WITH THEIR HEADS 2.0: BILLIONAIRES ARE GETTING RICHER, FASTER
Billionaires around the world have seen their wealth surge in recent years as economists note that, given the rise of AI, there are even fewer crumbs to dispense to We the People of Slavelandia.
SPECIAL REPORT: THE IRAN WAR TARGETS THE GLOBAL ECONOMY
By the hard facts and indisputable data, the illegal and unjustifiable war that the United States and Israel have launched against Iran has inflicted severe economic damage across the globe.
MAJOR POWERS FIND IT HARDER TO SUBJUGATE WEAKER COUNTRIES AS TECHNOLOGICAL ADVANCEMENTS EVOLVE
The United States and Russia learned that major powers cannot simply walk over smaller powers and impose their will on countries that, on paper, stand no chance to defend themselves.
Global Economy
EUROZONE’S FACTORY SECTOR SLOWED IN MAY
The Eurozone’s manufacturing activity continued growing in May but at a slower pace than in the previous month, S&P reported, as the Iran War’s supply chain crash drove input costs to their highest since 2022.
SPOTLIGHT: HOW CHINA DOMINATES THE GLOBAL TECH ECONOMY
As it has in other fields such as batteries and minerals, China has made itself an essential link in AI’s global supply chain.
SPOTLIGHT: BIGS GETTING BIGGER
Fox Corp. is buying Roku, a streaming service with more than 100 million subscribers, for $22 billion.
U.S. Economy
MARKET OVERVIEW
SpaceX’s record-breaking Friday IPO, paired with investors’ optimism about a nearing peace agreement in the Iran War, sent stocks higher, rescuing indexes from a mid-week reversal in tech shares.
CAMPBELL’S SALES DECLINE IN FISCAL THIRD QUARTER
Soup and snack maker Campbell’s Co. reported a 4-percent drop in sales in its most recent quarter, with crackers, fresh baked goods, and salty snacks leading the way down.
SOLAR ENERGY SURPASSES COAL POWER IN U.S. IN MAY
In May, for the first time, solar energy installations generated more U.S. electrical power than coal-fired utility plants.
The Iran War
IRAN’S BURIED MISSILE CENTERS PROVED EFFECTIVE IN WAR AGAINST U.S. AND ISRAEL
The Iranians have been planning for decades to respond to a U.S.-Israeli war of aggression against the country, so Tehran focused its energy on asymmetric warfare that included warehouses filled with drones, and missile cities buried deep beneath rock that are essentially impenetrable, even with the heaviest bombs.
TRUMP SAYS HE WANTS TO STEAL IRAN’S OIL, LIKE HE STOLE VENEZUELA’S CRUDE
President Donald Trump said in an interview on Thursday that his true goal in his war with Iran has always been to seize the country’s strategic Kharg Island so he could steal oil, but he admitted in an interview that he did not believe that Americans have the stomach for the undertaking.
TOP IRANIAN GENERAL CALLS OUT THE U.S. FOR SPEAKING OUT OF BOTH SIDES OF ITS MOUTH
Maj. Gen. Ali Abdollahi, the commander of Iran’s Khatam al-Anbiya Central Headquarters, called out the Trump administration for contradicting itself throughout the war shortly after President Donald Trump announced that the U.S. was going to “hit Iran VERY HARD TONIGHT.”
Hi-Tech Science
ANOTHER TREATMENT FOUND TO REVERSE BRAIN AGING IN MICE
Researchers at China’s Xiamen University have added another to the list of the body’s own resources that can reverse the brain’s decline that comes with age.
MINI-THRUSTERS COULD POWER SMALL PROBES DEEP INTO OUTER SPACE
There are as many as 10,000 microsatellites in Earth orbit, objects the size of a shoebox or briefcase.
A MEDICAL ASSISTANT SMALLER THAN A FINGERNAIL
A new surgical robot invented at China’s Nanyang Technological University can navigate the human body’s soft tissue, make incisions, take and store samples, deliver drugs, and generate therapeutic heat.