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🇦🇪🤝🏼🇮🇷 The United Arab Emirates is set to unlock billions of dollars for Iran - Reuters
At least $10 billion will be released, with the first $3 billion already delivered, and the total could reach $20 billion in exchange for a halt to attacks and renewed economic and intelligence cooperation.
A UAE official said the country seeks de‑escalation and regional stability.
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LNG shipping rates have gone from $40,000 to $300,000 per day — a 650% vertical climb in less than a week — and the men who ordered the strikes that caused this are still strutting around the Oval Office talking about “strength.” That is not strength. That is the economics of catastrophe unfolding in real time, and it will reach every kitchen table from Tokyo to Turin before anyone in the beltway finishes reading the intelligence brief they probably won’t bother to read anyway.
The Strait of Hormuz — through which roughly 20 million barrels of oil per day transit, representing north of 20% of global seaborne oil trade — has effectively ceased to function as a commercial corridor, and what’s doing the closing is less about Iranian missiles, and more the insurance market, the invisible hand of capital that everyone in Washington claims to worship suddenly delivering its honest verdict on Operation Epstein Epic Fury. Major commercial operators, oil companies and insurers have effectively withdrawn from the corridor, creating a de facto closure comparable in character to the Red Sea disruption — but with far larger volumes at stake. The market has spoken. The war lobby apparently has not listened.
Qatar declared force majeure on gas exports, and sources say it may take at least a month to return to normal production volumes — meaning global gas markets will experience shortages for weeks even in the unlikely scenario the conflict ends today. Read that sentence again slowly. Even if it stopped right now. Even if every bomb stopped falling this afternoon and every missile went cold, the damage is already baked in, the supply chain already severed, the cryogenic infrastructure already in shutdown sequence — because the cryogenic nature of LNG requires specialised storage maintaining temperatures of approximately -160°C, making it impossible to simply store excess production in temporary facilities, and once disruptions occur, restarting operations requires weeks of careful, sequential rehabilitation to avoid thermal shock to the entire system.
Qatar supplies 20 percent of the world’s LNG — and if that’s off the table, countries must scramble for what remains. Japan scrambles. South Korea scrambles. Taiwan scrambles. India, which sources nearly half of its LNG intake from Qatari supply under long-term contracts , scrambles. These are not abstract geopolitical actors — these are the factories that make your semiconductors, the power grids that keep hospitals running, the fertiliser supply chains that feed a billion people, and every one of them is now competing in a spot market that has been stripped of a fifth of its supply overnight. This is what cascading systemic failure looks like before it hits the news cycle.
Dutch TTF futures, Europe’s benchmark gas contract — rose 35% on Tuesday alone, with prices on the week running roughly 76% higher, while the Japan-Korea Marker benchmark reached a one-year high. Europe, still carrying the scar tissue of 2022 when Russia’s war on Ukraine sent the continent into an energy convulsion it spent hundreds of billions surviving, is now staring down a second shock — this one detonated by an ally that drew the target circles, pulled the trigger, and handed Europe the wreckage as a fait accompli — no consultation, no warning, no framework for what follows, just the bill. The shutdown also affects downstream products including urea, polymers, methanol and aluminium , meaning the price destruction moves through industrial supply chains like a slow haemorrhage through every sector that uses energy as an input — which is every sector.
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https://open.substack.com/pub/islanderreports/p/the-300000-question-nobody-in-washington?r=32qouw&utm_medium=ios
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😳 Marco Rubio Slams Reporter for *Checks Notes* …Quoting Marco Rubio 24 Hours Earlier
@RiseGS
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🇷🇺🇺🇦 Ukraine’s defence minister drops a polished video on June 8th hyping Ukrainian AI interceptors already active in Kharkov.
One clean shoot-down on camera, the usual startup numbers about cost per shot, autonomous targeting, scaling from prototype to combat use in under a year. Presented like it’s already part of the air defense network doing real work.
Come the night of the 8th into the 9th, Geran drones come through anyway. Command facilities, infrastructure, depot areas take hits. Explosions across the city. No footage of the miracle AI swarm lighting up the sky. No confirmation the system even woke up. Just another night of incoming getting where it was sent.
Fedorov's (Ukraine's Minister of Defence) glossy clip about “next-generation protection already operational” got buried under real blast footage within hours. One version of events says the shield is up and running. Reality showed the drones still delivered their payloads.
There’s a difference between a slick demo reel and a system that actually stops drones from hitting their targets. That gap keeps getting harder to spin.
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WATCH: Israeli missile narrowly misses RT correspondent Steve Sweeney and crew
‘Israel knew exactly who was on that bridge. To deny it is simply inconceivable’
Tune in to the new episode of East Meets West for more on what’s actually happening in Lebanon
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⚠️ You've just given a whole region nuclear ambitions
Russia's foreign minister said there was NO PROOF that Iran was building a nuke.
But other countries might.
@RiseGS
