Posts

Stocks surged, oil slid as Trump blinked on Iran after launching economic fury

Image
  Trump is looking for a face-saving exit from his Iran war mess ahead of the midterm election as Operation Epic Fury on Iran now turns into Epic Tragedy. Trump offered Iran the same narrative of reopening the SOH against the US assurances of sanctions withdrawal and release of frozen funds. But Iran may not trust Trump and may continue the war of attrition on Trump till at least the Nov. '26 midterm election, in which Trump & Co. are set to lose badly. On Monday, August 24, 2026, all focus of the market was on the US Treasury (TSY) Secretary Bessent, apart from Trump’s ‘daily circuses’ (TV reality shows) from the Iran war to the trade war (the latest victim is Canada). As widely expected, on August 24, the Trump administration led by Bolton officially launched "Operation Economic Outcast"—a sweeping global campaign of rhetoric, supposedly designed to enforce a zero-leakage financial blockade and completely isolate Iran from the international financial system through ...
Read more

Oil may zoom further ahead of US midterms & Israeli elections

Image
  Iran may turn offensive from a defensive strategy in this war of attrition rather than paving a face-saving exit for Trump and Netanyahu. Trump’s ‘Operation Epic Fury’ on Iran is now turned into ‘Operation Epic Tragedy’ amid logistical & munitions constraints. Trump’s new strategy of ‘Operation Economic Fury’ on Iran and secondary sanction threat on Chinese refiners may backfire, and oil may zoom further.  The US-Iran war has entered a highly dangerous phase of unprecedented economic attrition and territorial annexations following the official expiration of the 60-day June Islamabad Memorandum of Understanding (MOU) deadline on August 17, 2026. Trump also officially confirmed on August 18 that the US would not extend the MOU and that the SOH (Strait of Hormuz) is ‘totally controlled’ by the US CENTCOM. But Iran was not ready to oblige and succumb to Trump’s bullying tactics. Following the remote signing of the June 17 Islamabad MoU, a brief, fragile truce was established...
Read more