“We live in a dysfunctional system in which money flows out of the countries that need it most and into the coffers of the wealthiest. In 2023, the private sector collected $68 billion more in interest and principal repayments than it lent…” phenomenalworld.org/analysis/new-w…

It will never cease to be strange to me that building our energy systems on a commodity whose key producers are in a region that's a war-torn powderkeg gets framed as 'energy security'

Israel and Iran trading missiles/drones threatening nothing with no supplies harmed or threatened is not the oil shocks 2.0 people seem to think it is.

By the markets open tomorrow morning oil prices will probably be back down or lower than they were when markets closed.

Global stock market selloff is really accelerating now. Some markets in Asia down 3-4%.

US and European futures pointing to losses of 1.5 to 2%

Moment where an abstract threat we’ve heard about for years suddenly becomes less unlikely - a regional war with global implications. Netanyahu wants escalation and is expertly tee-ing it up

This is a direct denial from a regime official:

No missiles were fired into #Iran from outside its territory

There were drones but they were shot down.

A telling, early take on this from within Iran. Risk of immediate Iranian escalation from this event looks low.

The degree of Netanyahu’s contempt for Biden here is hard to overstate.

The operation appears to be done. There have been no new explosions in Isfahan, where it is growing light. Air defense activity appears to have stopped.

So far, no attribution or acknowledgement from Israel. Nothing from Iran blaming Israel.

So Iran retaliated against Israel bombing its embassy compound with zero casualties, and Europe accused Iran of destabilizing the Middle East.

Israel is now bombing THREE countries in the Middle East.

Curious to hear what Europe has to say...

Israel has hit #Iran directly tonight, launching what appears to be an attack that includes drones, missiles, and possibly air strikes.

Also coordinated with strikes on Iranian allies in Syria and Iraq.

The European Council will adopt sanctions against Iran for the attack on Israel. The same council that has been unable to impose any sanctions against Netanyahu, even after more than 30,000 innocent victims. This is how Europe is killing, through hypocrisy.

#Iran attacked Israel for the first time.

It was an impressive show of force--but still meant as a show. Khamenei and Iran's leadership hope to avoid external crisis as they face internal challenges and an imminent succession crisis. My latest for TIME time.com/6968685/iran-d…

According to #Iran media & sources:

- Drones, not missiles
- No target hit on ground
- Air defense worked
- All normal on the ground
- Supreme National Security Council currently meeting
- #IRGC air defense on alert
- Airspace largely closed, air traffic grounded
- #Tabriz fine.

monarchists in Iranian diaspora are just as insane as Netanyahu. applauding and supporting Israel attacks on a military airbase located right in the city of Isfahan. they would see the country and its ppl burn, if former Shah’s son in the end gets to be the king of the ashes.