Thursday, April 18, 2024

WW3! (Or just not yet?)

  As we have been documenting over the last couple of years, the world was slowly heading towards WW3 as an unavoidable consequence of the financial disaster of the last 30 years. The brazen attack of the Iranian Embassy in Syria followed by the retaliation bombing of Israel marked an acceleration of the slide. The bombing of Iran just now will probably be the threshold towards actual war. (Or just another step. It makes little difference. War is a process, not an event. History will decide later which were the significant "events".)

 To be continued! 

 Update-1: The air space over Iran is now closed. Bombing has been confirmed over several sites. 

 Update-2: Damage control. All "drones" intercepted...  A bombing without consequences, just for the sake of it? 

To be continued!

Futures Tumble, Oil And Gold Soar On Reports Of "Huge Explosions" In Central Iran, Israeli Airstrikes In Iraq And Syria

And just like that, Israel - having once again ignored Biden's pleadings not to escalate the already tense situation - is retaliating against Iran's weekend strike, which was itself a retaliation against Israel bombing Iran's embassy in Syria on April 1.

Moments ago futures dumped, oil prices spiked, and treasury yields slumped amid social media reports and Reuters headlines that there have been three "huge explosions" near the central Iran cities of Natanz (location of an Iranian nuclear power plant) and Isfahan (location of the Iranian Nuclear Technology Center which is suspected of being the center of Iran's nuclear weapons program), as well as simultaneous explosions in Iraq and Syria, where the Israel air force appears to be targeting pro-Iranian militias.

  • IRANIAN MEDIA: 3 HUGE EXPLOSIONS WERE HEARD IN ISFAHAN, SOUTH OF TEHRAN

  • JERUSALEM POST: SIMULTANEOUS EXPLOSIONS REPORTED IN IRAN, SYRIA, AND IRAQ ACCORDING TO INITIAL REPORTS

  • IRAN'S FARS NEWS AGENCY SAYS EXPLOSIONS HEARD IN CENTRAL ISFAHAN AIRPORT, REASON UNKNOWN

  • ISRAELI MISSILES HIT IRAN SITE, US OFFICIAL SAYS: ABC

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