Podcasts about us saudi

Andrea Stricker, Deputy Director at the Foundation for Defense of Democracies, outlines the proliferation risks associated with a proposed US-Saudi nuclear cooperation agreement. She expresses concern over uranium enrichment on Saudi soil, which could enable a nuclear weapons pathway. Stricker warns that granting enrichment rights would destroy the "gold standard" for non-proliferation and likely trigger a nuclear arms race involving Turkey and Egypt. Although President Trump has added caveats regarding the Abraham Accords, Saudi Arabia has threatened to turn to China for technology. Stricker notes the deal faces a difficult 90-day congressional review starting in September. (7)1956 SEMINOLE (13.6 KT)

SCHEDULE JOHN BATCHELOR SHOW.  8-4-2026.1900 ST. LAWRENCEColonel Jeff McCausland, United States Army (Retired), discusses the critical depletion of United States missile stockpiles, particularly Patriot and THAAD systems, due to the intensifying war with Iran. He notes that these shortages might force a transition toward piloted bombing missions using heavy aircraft like the B-2 and B-52 for deep penetration. Regarding the Strait of Hormuz, McCausland highlights that Iran's ability to deploy sea mines and drones makes military reopening difficult. Turning to Ukraine, he predicts Vladimir Putin will escalate through mobilization rather than negotiation as both sides increasingly target food supplies in the Black Sea. (1)Judy Dempsey, Senior Scholar at the Carnegie Endowment for International Peace, describes a Europe struggling with record heat, wildfires, and critically low river levels that are hampering nuclear power and agriculture. She argues these patterns reflect a deteriorating climate requiring a global response. The conversation shifts to a massive migration incident where 60,000 young men attempted to enter a Spanish exclave from Morocco. Dempsey explains that this surge is being exploited by far-right parties across Europe, such as the AfD in Germany, who capitalize on voter dissatisfaction. She notes that despite bilateral labor agreements, the political fallout is fueling nationalism. (2)Joseph Sternberg, Editorial Board Member of the Wall Street Journal, examines the release of Dr. Anthony Fauci's pandemic-era diaries, which reveal a dichotomy between his private doubts and public pronouncements regarding COVID-19's origins. Sternberg suggests Fauci became pathologically obsessed with his media coverage, positioning himself as an antagonist to Donald Trump to maintain his "star" status. The discussion also covers the growing influence of the Democratic Socialists of America (DSA). Sternberg notes that young voters, disillusioned by the economy, are increasingly drawn to the DSA's radical, government-led solutions. He questions whether this movement can succeed in purple states. (3)Jonathan Schanzer, Executive Director of the Foundation for Defense of Democracies, discusses the alarming shortage of US defensive munitions needed to intercept Iranian threats. He notes that Iran, coached by Russia and China, is exploiting this crisis to keep the Strait of Hormuz closed and drive up energy prices. Schanzer also addresses the significant weakening of Hezbollah after sustained Israeli operations and the complexities of disarming Hamas in Gaza. He highlights that Israeli Prime Minister Netanyahu faces a political tightrope balancing military goals with international pressure. Finally, he observes the unraveling of Chinese-brokered agreements as Houthi threats against Saudi Arabia resurface. (4)Gregory Copley, Publisher of Defense & Foreign Affairs, analyzes global efforts to bypass the Strait of Hormuz, noting that Russia and China are seeking alternative trade corridors to undermine Washington's strategic influence. He suggests China is using current tensions to project American impotence before high-level diplomatic visits. Copley also discusses the "war on food" in the Black Sea, where blockades are forcing a diversification of global supplies. Turning to Ethiopia, he describes a brutal civil conflict involving ethnic factions and the use of Turkish drones against civilian targets. He concludes with the success of King Charles III at the Commonwealth Games. (5)Bill Roggio and Bridget Toomey of the Foundation for Defense of Democracies discuss the Houthis' re-entry into the regional war by declaring a maritime blockade against Saudi Arabia in the Red Sea. Roggio criticizes the Trumpadministration's lack of a forceful military response, arguing that two US destroyers are insufficient to secure vital waterways. Toomey explains that the Houthis use these attacks to re-establish domestic norms and pressure the global oil market. They note that while the Houthis operate independently, their actions align with Iranian goals to use control over maritime chokepoints as a strategic "nuclear weapon." (6)Andrea Stricker, Deputy Director at the Foundation for Defense of Democracies, outlines the proliferation risks associated with a proposed US-Saudi nuclear cooperation agreement. She expresses concern over uranium enrichment on Saudi soil, which could enable a nuclear weapons pathway. Stricker warns that granting enrichment rights would destroy the "gold standard" for non-proliferation and likely trigger a nuclear arms race involving Turkey and Egypt. Although President Trump has added caveats regarding the Abraham Accords, Saudi Arabia has threatened to turn to China for technology. Stricker notes the deal faces a difficult 90-day congressional review starting in September. (7)Conrad Black, distinguished biographer and National Post columnist, discusses the "aberrant" trade tensions between the US and Canada following the imposition of tariffs based on allegations of forced labor in Chinese imports. Black argues these tariffs are a legal workaround for the Trump administration to bypass the Supreme Court by declaring a national emergency. He characterizes the policy as arbitrary and offensive, noting it has dampened cross-border tourism and led to retaliatory tariffs on items like hockey sticks. Despite the current friction, Black remains optimistic that the dispute will be resolved through negotiation because he believes President Trump fundamentally likes Canada. (8)

A nuclear power deal can sound like paperwork until the fine print turns into a proliferation crisis. We sit down with Jon Hoffman of the Cato Institute to unpack the reported US Saudi nuclear agreement and the real meaning of a “Section 123 agreement” under the Atomic Energy Act. The headline question is simple and unsettling: does this cooperation keep a civilian program civilian, or does it open the door to Saudi uranium enrichment and a future regional arms race? We also dig into why the timing is so politically loaded. The original framework was tied to Saudi Israel normalization and the Abraham Accords, plus talk of a US security guarantee, but the region's wars keep reshuffling incentives. When leaders publicly “clarify” terms after reports of a signed deal, it creates uncertainty for nonproliferation safeguards, congressional oversight, and everyone watching whether US Middle East policy is driven by strategy or leverage. From there, we zoom out to the battlefield and the map. Yemen, the Houthis (Ansar Allah), and the Bab el-Mandeb chokepoint collide with rising Iran tensions and the Strait of Hormuz, putting oil flows and global prices at risk. We push back on escalation rhetoric, ask what “victory” even means without objectives or an exit plan, and talk through hard constraints like depleted US missile interceptor stockpiles. Finally, we turn to Israel's posture and the worsening situation in the West Bank, where settler violence and annexation fears keep growing as the world looks elsewhere.

It has been five months since the US and Israel launched their war with Iran, and the conflict has never really been contained. Bahrain, Kuwait, Qatar, the UAE and Jordan have all been hit by Iranian missiles and drones, Hezbollah drew Lebanon into a fight that is still going on, and the Strait of Hormuz remains closed, with neither talks nor military action producing a lasting reopening. Right now, though, no front is moving faster than the one closing in on Saudi Arabia, and it is coming from two directions at once. In Yemen, a strike on Sanaa airport and Houthi accusations against Riyadh in July reignited a conflict that had been largely dormant, leading within days to attacks on Saudi shipping, a Saudi strike on Hodeidah port, and a Houthi claim to have hit oil facilities in Jizan and Yanbu, potentially the first direct strike on Saudi oil infrastructure since 2022. In Iraq, months of accusations that Iran-backed militias were launching drones from Iraqi soil culminated this week in Saudi Arabia joining the US in direct, public strikes for the first time, a move Riyadh justified as an exercise of its right to self-defence under the UN Charter. In this episode of Beyond the Headlines, host Nada AlTaher is joined by Douglas Silliman, former US Ambassador to Iraq and now President of the Arab Gulf States Institute in Washington, Hasan Alhasan, senior fellow for Middle East Policy at the International Institute for Strategic Studies, and Elizabeth Dent, senior fellow at the Washington Institute, to look at how Saudi Arabia's escalation fits into the broader trajectory of the US-Iran war.

Key Topics The details and potential consequences of the US-Saudi civil nuclear agreement and its departure from previous non-proliferation standards The strategic importance of the Iran war, nuclear proliferation in the Middle East, and regional reactions to new US policies The Trump administration's approach to tariffs aimed at combating forced labor and their impact on international trade UK's post-election foreign policy outlook under Prime Minister Burnham, focusing on relations with Europe, the US, and support for Ukraine NATO defense commitments, international defense spending, and how UK's role in security continues to shape global stability The influence of the UK's domestic political landscape on its foreign policy and international partnerships Links Hugh Tomlinson — https://x.com/hughtomlinson Felicia Schwartz — https://x.com/felschwartz?lang=en Robbie Gramer — https://x.com/robbiegramer Belfer Center for Science and International Affairs — belfercenter.org World Review with Ivo Daalder — belfercenter.org/world-review-ivo-daalder

We're seeing more US airstrikes on Iran, joint US-Saudi strikes in Iraq, surging military escalations between Yemen and Saudi Arabia, and Israeli drone strikes in Lebanon, all just in the last couple of days. The middle east is becoming more and more of a powder keg, and it all could have been so easily avoided. Reading by Tim Foley.

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In today's episode of Trending Middle East, the US launches a new wave of strikes across Iran after attacks on its military bases in the region. We examine the aftermath of joint US-Saudi strikes in Iraq, as Iran-backed groups threaten retaliation. We also look at a fire at Egypt's Damietta gas terminal, where two vessels were damaged and authorities are investigating the cause, and a US-Saudi consortium's plans for a $5 billion oil refinery and export base in the Gulf. And the UAE launches an Dh11.5 million Water Aid campaign to expand access to drinking water and shaded areas for outdoor workers during the summer. Trending Middle East is AI-assisted, using original reporting published in The National and curated and edited by humans.

There's a growing backlash after Fifa announced plans to sell stakes in a $20bn subsidiary to manage its competitions. The EU's sports chief accused Fifa of relentless and corrosive commercialisation of football, while European football's governing body UEFA said the World Cup was not an "asset to trade". Also: after the resumption of fighting between the US and Iran, we hear more about a militia group in Iraq which was targeted in US-Saudi strikes. At least 14 people are now known to have died in the earthquake that struck the Japanese island of Kyushu. Russia's Federal Security Service has charged the ‌Telegram founder Pavel Durov with facilitating terrorist activities and issued an international arrest warrant. We speak to one of the people who helped rescue horses from an equestrian centre caught up in the wildfires in France; videos of them galloping through the town have gone viral. The actor and musician Jared Leto is facing allegations of criminal sexual conduct by four women. Nepal says its tiger population is bouncing back... and why raving in a sauna is becoming popular in major cities around the world.The Global News Podcast brings you the breaking news you need to hear, as it happens. Listen for the latest headlines and current affairs from around the world. Politics, economics, climate, business, technology, health – we cover it all with expert analysis and insight. Get the news that matters, delivered twice a day on weekdays and daily at weekends, plus special bonus episodes reacting to urgent breaking stories. Follow or subscribe now and never miss a moment. Get in touch: globalpodcast@bbc.co.uk Photo: Fifa President Gianni Infantino during World Cup 2026 press conference Credit: Reuters/Henry Romero

A “surprise” attack by Iran triggers rare US-Saudi strikes.  The Georgia school shooter gets life in prison without parole.  Todd Blanche nomination uncertain as key GOP Senators raise doubts. An unusually strong storm threatens the northeast with flash floods. Plus,  the World's longest continuous river race is underway on the Missouri River.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Welcome to The Times of Israel's Daily Briefing, your 20-minute audio update on what's happening in Israel, the Middle East and the Jewish world. US bureau chief Jacob Magid joins host Amanda Borschel-Dan for today's episode. Yesterday, Prime Minister Benjamin Netanyahu visited the White House for his first in-person talks with US President Donald Trump since the Iran war began in February. Closed to the press, later statements about the meeting were laconic, with Israel describing it as “excellent” and “one of the best we’ve ever had,” and the White House calling the talks productive and positive. Magid reviews what we know about the meetup and hypothesizes why the long-awaited talks were held in such an atypically subdued fashion. We hear about overnight flare-ups in the Iran conflict after the regime targeted US forces in Jordan and the US and Saudi Arabia launched deadly strikes on Tehran-backed militias in Iraq, blaming them for drone attacks on Saudi oil facilities. How close were the sides to resuming the memorandum of understanding -- and what may happen now? Securing Saudi Arabia is the focus of our final item as well: Magid brings exclusive reporting on how Pakistani military chief Asim Munir leveraged a joint oil transport venture with Islamic Revolutionary Guard Corps chief Ahmad Vahidi to secure an agreement between Iran and Saudi Arabia under which Tehran agreed to halt attacks against the Gulf kingdom. Check out The Times of Israel's ongoing liveblog for more updates. For further reading: Netanyahu: Meeting with Trump was one of our best ever; White House: Productive, positive Wary of perception that Israel driving war, Trump and Netanyahu opt to avoid optics altogether ‘He loved Israel’: Lindsey Graham eulogized by Trump and other dignitaries at DC funeral US-Saudi strikes target Iraqi pro-Iran militias as IRGC renews attacks on US forces Pakistan army chief leveraged private oil venture with IRGC head to shield Saudi Arabia Subscribe to The Times of Israel Daily Briefing on Apple Podcasts, Spotify, YouTube, or wherever you get your podcasts. This episode was produced by Ari Schlacht.See omnystudio.com/listener for privacy information.

Your daily news in under three minutes. For more on these stories, please head to https://www.aljazeera.com And connect with us: @AJEPodcasts on Twitter, Instagram, Facebook, and YouTube

 Saudi Arabia has waded into the Iran conflict, carrying out strikes alongside the U.S. against Iran-backed militia in Iraq. OpenAI's rogue agent compromised a customer at a second tech firm on its hacking spree. The Trump administration bans new humanoid robots from China. And emergency services rush to find survivors from Japan's 7.1 magnitude earthquake. Watch the latest episode of On Assignment ⁠⁠⁠⁠here⁠⁠⁠⁠. Listen to the Morning Bid podcast ⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠. Sign up for the Reuters Econ World newsletter ⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠. Listen to the Reuters Econ World podcast ⁠⁠⁠⁠⁠⁠⁠⁠⁠here⁠⁠⁠⁠⁠⁠⁠⁠⁠. Visit the ⁠⁠⁠⁠Thomson Reuters Privacy Statement⁠⁠⁠⁠ for information on our privacy and data protection practices. You may also visit megaphone.fm/adchoices to opt out of targeted advertising. Learn more about your ad choices. Visit megaphone.fm/adchoices

Is Modi's power finally cracking as the Cockroach Janta Party's mass protests force a minister to resign for the first time in over a decade? Does the new US-Saudi uranium deal risk triggering a fresh wave of nuclear proliferation across the Middle East and beyond? If AI data centres are the foundation of future defence and security, can Britain build them without wrecking its water supplies and climate targets? Join Rory and Alastair as they answer all these questions and more in this week's edition of Question Time. __________ Enjoy Rory and Alastair's interview with Kristrún Frostadóttir, Prime Minister of Iceland, by searching ‘Leading' on Spotify, Apple, or YouTube. Go deeper into the world of The Rest Is Politics by signing up for our free newsletter HERE, featuring exclusive interviews, analysis and weekend reads from Alastair and Rory. Join The Rest Is Politics Plus. Start your free trial at therestispolitics.com to unlock exclusive bonus content – including Rory and Alastair's miniseries – plus ad-free listening, early access to episodes and live show tickets, exclusive newsletters, discounted book prices, and a private chatroom on Discord. The Rest Is Politics is powered by Fuse Energy. Stop overpaying for energy. Switch at fuseenergy.com/politics and get a free TRIP+ subscription.

Crude futures are firmer after gapping higher overnight on escalating geopolitics, with Iran striking a US base in Jordan and subsequent US-Saudi strikes on Iranian-backed militia.European Bourses began the session on a softer footing but remain relatively resilient to the firmer oil prices and prior APAC weakness, with earnings also providing somewhat of a cushion/impetus in the absence of macro updates.US equity futures are modestly firmer (ES +0.2%, NQ +0.2%), supported by the KOSPI rebound, with focus firmly on the Fed decision.DXY is relatively uneventful, USTs are modestly softer, and precious metals are firmer but to varying degrees ahead of the FOMC. Looking ahead, highlights include the Fed Policy Announcement (Jul), BoC Minutes (Jul). Speakers include Fed Chair Warsh & RBA's Hunter. Earnings from SoFi, Microsoft, Meta, Arm, Qualcomm.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk

In today's episode of Trending Middle East, the US and Saudi Arabia launch joint strikes against Iran-backed groups in Iraq after a wave of attacks on Saudi energy infrastructure. We also look at Iran's missile attack on US military sites in Jordan, as well as renewed attacks by Yemen's Houthi rebels. We also examine the launch of a US-UAE task force to accelerate the development of AI tools for military purposes. The move is aimed at strengthening defence capabilities and expanding joint technology development. Fifa, meanwhile, has announced plans to seek private investment in the World Cup and other major tournaments through a new company, a proposal that could raise billions of dollars for its member associations but that has already drawn strong criticism from Uefa. And Abu Dhabi's Guggenheim museum announces it will open on December 11, marking another major milestone for the emirate's Saadiyat Cultural District. Trending Middle East is AI-assisted, using original reporting published in The National and curated and edited by humans.

Ambassador Dennis Ross, a distinguished fellow at the Washington Institute who also played a role in Middle East peace negotiations in multiple administrations, joined “Forbes Newsroom” to discuss the nuclear deal the Trump administration and Saudi Arabia reached last week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Today on America in the MorningA Pause In US-Iran Fighting After nearly two weeks of renewed intense bombing, President Trump over the weekend put military operations against Iran on hold, but still no talks are scheduled.  John Stolnis has more from Washington.   Reaction To The US-Saudi Nuclear Plan World leaders and U-S lawmakers are reacting to President Donald Trump's new condition regarding Israel to the recently signed U.S.–Saudi Arabia civil nuclear energy deal.  Correspondent Clayton Neville reports.   Maine Democrats Reset Following the withdrawal of controversial candidate Graham Platner, Maine Democrats over the weekend have united around a logger to run for the United States Senate and take on incumbent Senator Susan Collins with the leadership of the Senate at stake.  Correspondent Julie Walker reports.    Latest On The Cyclospora Outbreak The Centers for Disease Control and Prevention is expanding their investigation on the latest outbreak of cyclospora, which seems to be expanding.  Correspondent Ed Donahue reports.   Seattle Shooting Police in Seattle report at least two people were killed and at least five others were wounded.  A barrage of gunshots could be heard around 6 p.m. at Seattle Center, which was hosting thousands of people for the Bite of Seattle food festival over the weekend.    Reaction To NYC Stabbings The suspect in the stabbing of two men in New York City will face a hate crimes charge, but Jewish leaders are demanding Mayor Zohran Mamdani tone down the rhetoric claiming he has led to increased acts of violence against Jews.  Sue Aller reports from New York.   Latest On The Ukraine War The war between Russia and Ukraine has now stretched on for the past four and a half years with no end in sight, and both sides trading drone attacks and Moscow sending missiles into Kyiv.  Washington correspondent Sagar Meghani reports Secretary of State Marco Rubio says some fresh thinking will be needed as the U.S. keeps trying to end the Russia-Ukraine war.   Seal Kicked It's happened again in California.  Federal investigators are looking into a video that seemingly shows a man kicking a sea lion at La Jolla Beach in San Diego.  Correspondent Clayton Neville reports. Judge Rules Against Trump Mail-In Voting Rules A federal appeals court over the weekend ruled against the Trump administration's efforts to implement stricter mail-in voting rules before midterm elections in the coming months.    Ford Bronco Recall Carmaker Ford is facing an urgent recall.  Correspondent Marcela Sanchez has details. Finally   A major merger between two of Hollywood's giants is now officially on hold, as legal and state scrutiny clouds the proposed alliance.  Correspondent Ed Donahue reports.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Ghost comes in hot off his third recording of the day for a whiplash inducing news cycle. The big story is the US Saudi civilian nuclear deal, signed one day and seemingly upended by Trump the next with a surprise Abraham Accords condition. Ghost walks through the CNN and Zero Hedge reporting, then spends serious time explaining why he thinks the whole "confusion" narrative is theater aimed at a very specific audience. From there it is a lightning round through Barak Ravid's timeline: Trump weighing a massive new strike on Iran, Netanyahu's upcoming White House visit tied to Lindsey Graham's funeral, and a US UK push for an international coalition to protect shipping in the Strait of Hormuz. Ghost closes out with a Turkish sailor killed in a Ukrainian drone strike near Novorossiysk, and what that could mean for Turkey's patience. Dense, opinionated, and unmistakably Ghost.

Donate (no account necessary) | Subscribe (account required) Join Bryan Dean Wright, former CIA Operations Officer, as he dives into today's top stories shaping America and the world. In this Friday Headline Brief of The Wright Report, Bryan reports that Iran's Red Sea attacks on Saudi oil ships were a direct IRGC operation, as President Trump weighs a major escalation of the air campaign with B-1 bombers now back in action. Bryan covers fresh satellite evidence showing Iran rebuilding damaged facilities far faster than expected, the Pentagon's expanding war footing amid concerns about Russian and Chinese support for Tehran, and new conditions attached to the proposed US-Saudi nuclear deal tied to Israeli recognition. He also tracks Ukraine's shift toward targeting Russian oil ships, a sweeping purge inside China's military leadership, and Nicaragua's move to cancel future elections. Plus, Bryan runs through a batch of domestic stories including falling jobless claims, a widening ActBlue donor fraud investigation in Michigan, a New Jersey Motor Voter scandal now under DOJ review, a legal challenge to the Pentagon's new testosterone policy, and a look at side effects tied to GLP-1 weight loss drugs. "And you shall know the truth, and the truth shall make you free." - John 8:32   Keywords: Wright Report, Bryan Dean Wright, Iran, Red Sea, Houthis, IRGC, Saudi Arabia, B-1 bomber, Trump, nuclear deal, Israel, Ukraine, Zelenskyy, Russia oil ships, China military purge, Xi Jinping, Nicaragua, Daniel Ortega, ActBlue, Michigan, Abdul El-Sayed, New Jersey voter fraud, DOJ, Pentagon testosterone policy, trans military policy, GLP-1, weight loss drugs, jobless claims, AOC, DSA

As this new round of war enters its 13th day, US President Donald Trump has signalled he is close to deciding whether to launch a "massive attack" on Iran. The IRGC has declared that UK bases including RAF Fairford are legitimate targets, accusing new Prime Minister Andy Burnham of aiding US heavy B-1 bomber strikes.On today's episode of Iran: the Latest, Venetia Rainey is joined by chief Washington correspondent Connor Stringer and acting US news editor Lottie Tiplady-Bishop to break down the White House's military strategy, the political rift tearing through the Republican's MAGA base, and how the war has led to dwindling missile stockpiles, war cash, and strategic oil reserves. Plus, Trump linking Israeli normalisation to the US-Saudi nuclear deal, why new British foreign secretary Ed Miliband is not popular in the White House, and the news of fresh US tariffs on the UK, Europe and other countries. HighlightsTrump weighs 'bigger than ever, massive attack' against Iran IRGC calls UK bases including RAF Fairford ‘legitimate targets'CONTRIBUTORS:Venetia Rainey, co-host and executive producer @venetiaraineyConnor Stringer, chief Washington correspondent @connorstringerLottie Tiplady-Bishop, acting US news editor @lottietipbishopWATCH US ON YOUTUBE: https://www.youtube.com/playlist?list=PLJnf_DDTfIVAif-vifC6F2aoPB8GIw6dkCONTENT REFERENCED:Short of missiles and cash for war, now Trump is running out of oilhttps://www.telegraph.co.uk/world-news/2026/07/23/short-of-missiles-cash-for-war-now-trump-running-out-oil/UK ‘ready to defend itself' after Iran threatens to strike RAF basehttps://www.telegraph.co.uk/world-news/2026/07/23/iran-threatens-to-attack-raf-fairford/White House concerned over Miliband as Foreign Secretaryhttps://www.telegraph.co.uk/politics/2026/07/21/white-house-deeply-concerned-miliband-foreign-secretary/Trump punishes Britain for China ties with 10pc tariffhttps://www.telegraph.co.uk/us/news/2026/07/23/trump-punishes-britain-for-china-ties-with-10pc-tariff/Trump tells Saudi: No nuclear deal unless you recognise Israelhttps://www.telegraph.co.uk/us/news/2026/07/23/trump-tells-saudi-no-nuclear-deal-unless-recognise-israel/ITL Best News and Analysis Podcast - Publisher Podcast Awards 2026The Telegraph Podcast Publisher of the Year 2026 - Publisher Podcast Awards 2026ITL Nominated Podcast of the Year - Society of Editors News Podcasts Awards 2026Producer: Peter ShevlinVideo Producer: Max BowerResearcher and Social Producer: Anna HindmarshStudio Operator: Chris JanuaryExecutive Producer: Venetia Rainey ► Sign up to our most popular newsletter, From the Editor. Look forward to receiving free-thinking comment and the day's biggest stories, every morning. telegraph.co.uk/fromtheeditor► EMAIL US: Contact the team on battlelines@telegraph.co.uk► GET THE LATEST HEADLINES: Find all our latest Iran coverage here: https://www.telegraph.co.uk/iran-war/ Hosted on Acast. See acast.com/privacy for more information.

Sumi Somaskanda, Caitríona Perry and Bernd Debusmann discuss what we know about the US-Saudi Arabia nuclear deal, the implications for the fragile balance of power in the Middle East, and the fact that Israel could now make or break the agreement. Every weekend, The President's Path explores the state of US politics — in Washington and beyond. We dig into the key issues shaping America and uncover what's on the minds of those closest to power. You can contact us at: path@bbc.co.uk

Iran has reportedly rejected a ceasefire proposal delivered by Iraqi Prime Minister Ali Al Zaidi during his first visit to Tehran. This comes as US President Donald Trump considers conducting a “massive attack” against Iran. During his visit, Mr Al Zaidi announced the establishment of an Iraqi-Iranian Joint Economic Committee. The two countries also signed several agreements concerning foreign affairs, finance and energy. Mr Trump said a US-Saudi civil nuclear agreement signed a day earlier, would advance only if Riyadh joins the Abraham Accords with Israel, marking a shift from his administration's original position. A new report on Gaza has found that reconstruction will cost seven times more than the combined cost of the three previous wars in the territory. And in the UAE, researchers at New York University Abu Dhabi have discovered a weakness in malaria parasites that could be instrumental in developing future treatments. Trending Middle East is AI-assisted, using original reporting published in The National and curated and edited by humans

James discusses the US-Saudi nuclear agreement, rising tensions in the Red Sea between Saudi Arabia and Yemen's Houthi rebels, and the escalating US-Iran war on Radio Islam.

What's the significance of the U.S.-Saudi nuclear deal? The two countries signed an agreement to co-operate on what they say is generating energy for civilian purposes. But in a volatile Middle East, could this deal lead to a new global nuclear arms race? In this episode: Abdulaziz Alghashian, Senior Non-Resident Fellow at Gulf International Forum Barbara Slavin, Distinguished Fellow at the Stimson Center Simon Mabon, Author, ‘The Struggle for Supremacy in the Middle East: Saudi Arabia and Iran Host: Frankie McCamley Connect with us: @AJEPodcasts on X, Instagram, Facebook, and YouTube

A nuclear deal between Washington and Riyadh breaks overnight — and Israel learns the terms from the same press release as everyone else. This week, Yonit and Jonathan dig into what the US–Saudi agreement does and doesn't include, why the normalization clause that was supposed to be attached appeared to be missing - before it was hastily added by Donald Trump, after the event - and what a nuclear-armed Saudi Arabia might mean a generation from now. Iran tensions rise again over Natanz, and Israel's election pregame produces a poll number that should worry Benjamin Netanyahu more than it seems to. Plus: a Likud campaign ad triggers exactly the backlash its makers intended, while this week's Mensch award category hails both a Hungarian chess master and a legendary Israeli anchor.   Visit our new website: www.unholy-podcast.com

This week, Walter and Jeremy discuss Houthi attacks on shipping in the Red Sea, Israel's abstention from the latest military strikes on Iran, Zelensky's management of his generals, and what is going on with the US-Saudi nuclear deal.

Donald Trump has escalated the US's war against Iran, deploying a heavy B-1 long-range bomber directly from RAF Fairford to strike IRGC targets. Meanwhile, Yemen's Iranian proxy group the Houthis have launched missile attacks against Saudi oil tankers in the Red Sea as part of their blockade.In today's episode of Iran: the Latest, Venetia Rainey and Jerusalem Correspondent Henry Bodkin discuss how the Bab al-Mandeb waterway could become the next Strait of Hormuz, how Iranian missiles are becoming deadlier, and why Israel is furious about a new US-Saudi civil nuclear agreement. Plus, former US Assistant Secretary of State in the Middle East David Schenker on why a maritime blockade is the most effective tool Trump has against Iran, and his one piece of advice to the president as the conflict threatens to spiral out of control. HighlightsUS deploys heavy B-1 Bomber to Iran as strikes escalateHouthis attack Saudi oil tankers in Red Sea as part of blockadeCONTRIBUTORS:Venetia Rainey, co-host and executive producer @venetiaraineyHenry Bodkin, Jerusalem Correspondent @HenryBodkinDavid Schenker, The Washington Institute and former US Assistant Secretary of State for Near Eastern Affairs @davidschenker1WATCH US ON YOUTUBE: https://www.youtube.com/playlist?list=PLJnf_DDTfIVAif-vifC6F2aoPB8GIw6dkCONTENT REFERENCED:US bombs Iran from UK air base for first time under Burnhamhttps://www.telegraph.co.uk/world-news/2026/07/23/us-bombs-iran-from-uk-air-base-for-first-time-under-burnham/Trump: For every ship Iran attacks we will blow up a power planthttps://www.telegraph.co.uk/world-news/2026/07/22/donald-trump-iran-ships-power-plant-strait-hormuz/How Iran's missiles became more lethalhttps://www.telegraph.co.uk/world-news/2026/07/23/how-irans-missiles-became-more-lethalAmbrose Evans-Pritchard: Beware the rising energy dangers of Trump's Gulf warhttps://www.telegraph.co.uk/business/2026/07/22/beware-the-rising-energy-dangers-of-trumps-gulf-war/ITL Best News and Analysis Podcast - Publisher Podcast Awards 2026The Telegraph Podcast Publisher of the Year 2026 - Publisher Podcast Awards 2026ITL Nominated Podcast of the Year - Society of Editors News Podcasts Awards 2026Producer: Peter ShevlinVideo Producer: Max BowerResearcher and Social Producer: Anna HindmarshStudio Operator: Chris JanuaryExecutive Producer: Venetia Rainey ► Sign up to our most popular newsletter, From the Editor. Look forward to receiving free-thinking comment and the day's biggest stories, every morning. telegraph.co.uk/fromtheeditor► EMAIL US: Contact the team on battlelines@telegraph.co.uk► GET THE LATEST HEADLINES: Find all our latest Iran coverage here: https://www.telegraph.co.uk/iran-war/ Hosted on Acast. See acast.com/privacy for more information.

The US and Saudi Arabia have reportedly signed a landmark deal that could pave the way for a Saudi nuclear programme, sparking fears it could eventually allow the Gulf kingdom to develop its own nuclear weapon.President Donald Trump has denied that the agreement permits Saudi Arabia to enrich uranium, and says any deal is dependent on Riyadh joining the Abraham Accords and recognising Israel, a move many experts say remains unlikely.Meanwhile, tensions in the region have escalated after Houthi attacks on Saudi ships in the Bab el Mandab strait pushed oil prices higher. Trump has warned that further attacks could trigger “major military punishment” against Iran and the Houthis.On this episode of The Fourcast, Matt Frei is joined by Channel 4 News foreign affairs correspondent Jonathan Rugman to examine the US-Saudi nuclear deal, the growing confrontation with the Houthis, and what it means for the future of the Middle East.

The Trump administration announces a U.S.-Saudi nuclear deal, Volodymyr Zelenskyy fires Ukraine's commander-in-chief, over 140 people are dead in a tragic offshore migrant accident near Mauritania, Jeff Bezos and the U.K. government back a $2.6 billion valued AI startup, Elon Musk says Grok will make a "historically accurate' Odyssey, GOP senators push a CCP "victims" memorial in Washington, D.C., France bans social media for youth under 15, a suspected Epstein model recruiter is found dead at his Paris home, a report claims that U.S. funding cuts are impeding global HIV treatment, and a report suggests that burned areas in the Amazon rainforest fell to a record low in 2025. Sources: Verity.News

Today on America in the MorningHouse GOP Passes Spending Bills In Washington, the House is scheduled to adjourn today for a five-week recess.  Republican leaders are feeling good about several big bills that have passed in their chamber on Wednesday, but questions remain as to how they will proceed in the Senate.   Details from correspondent Rich Johnson.   Bertha Makes Landfall While it does not have hurricane force winds, Tropical Storm Bertha made landfall Wednesday afternoon along the Gulf Coast in Louisiana, bringing drenching rain and some flooding along with power outages as Bertha tracks into Texas.  Correspondent Clayton Neville reports.   West Virginia Floods The National Guard has been activated in West Virginia following a massive rain storm that caused dozens of water rescues, left roads under water, and caused heavy damage.  The details from correspondent Katie Clark.   Maduro In Court The former leader of Venezuela and his wife appeared in Federal court in New York City.  Correspondent Julie Walker reports a trial date is set for Nicolás Maduro's US drug trafficking case.   Correspondents Dinner Redo The White House Correspondents Association faces tensions as it tries again this week to hold its annual dinner including President Trump, this time at a new location.  Washington correspondent Sagar Meghani reports.   Arizona Primary Results President Trump took a victory lap Wednesday after his endorsed candidate won the GOP primary for governor in Arizona.  Correspondent Mike Hempen reports that Andy Biggs, who voted to overturn the 2020 election results in Congress, overwhelming beat his challenger to face current Governor Katie Hobbs in November.   Trump On Iran On the day when President Trump traveled to Delaware for the dignified transfer of the remains of four US soldiers killed in the Middle East in the past week, he is making clear that despite nightly bombardment from the United States, Iran is still not ready to come to the bargaining table, and the president ratcheted up the rhetoric saying any ships in the Strait of Hormuz fired upon by Iran will have the US target Iranian civilian infrastructure.  Washington correspondent Sagar Meghani reports.   Mamdani Backtracks Anger against Zohran Mamdani is now coming from some of his key supporters after the New York City Mayor did an about-face and said he will not arrest Israeli Prime Minister Benjamin Netanyahu when he comes to New York as he recently suggested he would.  Correspondent Julie Walker reports Arkansas Senator Tom Cotton, speaking on Fox News, says Mamdani is turning his back on world leaders who actually have committed crimes against their own citizens.   Nolan Wells Autopsy An autopsy commissioned by the family of Nolan Wells in Mississippi now leaves more questions than answers as to exactly what happened to the teenager left behind during a boat trip with friends.  Correspondent Jennifer King reports that while doctors could not make an exact determination as to what caused the death of the 18-year-old, they could not rule out foul play.   Saudi Arabia Nuclear Power In what's being called a big win for Saudi Arabia, the kingdom and the Trump administration reached a landmark agreement to provide the Saudis with a civilian nuclear program and potentially open the door to uranium enrichment on its territory. Bridge Ceremony Canceled A planned joint ceremony on Friday between the U.S. and Canada marking the opening of the much anticipated Gordie Howe International Bridge has been canceled over tariffs.  Correspondent Clayton Neville reports.   Massachusetts Abortion Bill The Massachusetts House of Representatives passed a bill Wednesday that would allow doctors to decide on later-term abortions without the current list of exceptions, sparking debate among lawmakers.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Listen to the July 23rd, 2026, daily headline round-up and find all the top news that you need to know.

The Middle East is off to a nuclear arms race. This week's 30-year US-Saudi nuclear agreement that offers the kingdom a pathway to enriching uranium threatens to put the region's foot on the gas pedal. Further fuelling the fire is the fact that the agreement is likely to harden Iranian insistence on its right to enrich uranium in negotiations with the United States. Moreover, the agreement could revive Turkish ambitions to acquire nuclear weapons and prompt Israel to formally acknowledge that it is, so far, the Middle East's only nuclear power, an harden its rejection of calls for a nuclear-free Middle East. If anything, the agreement, coupled with the prospect of the United States selling F-35 fighter jets to Turkey, adds to differences between the United States and Israel over Iran and Israeli occupation of south Lebanon and parts of southern Syria. Finally, the US-Saudi agreement creates a dangerous precedent in which the United States replaces the International Atomic Energy Agency (IAEA) as the ultimate arbiter of whether a country, in this case Saudi Arabia, is refraining from enriching nuclear fuel to weapons-grade level.

US President Donald Trump has approved a civilian nuclear agreement with Saudi Arabia that would expand cooperation on nuclear energy, despite its leader suggesting it would build nuclear weapons if necessary. Also, residents of southern Iran say they're living in constant fear of further attacks while struggling to access basic necessities. And, Germany is set to ban alcohol from its national railway platforms and stations. Plus, a new UN report finds the number of people globally experiencing hunger dropped in 2025 compared to the year before. Learn about your ad choices: dovetail.prx.org/ad-choices

American lawmakers and Israeli officials have expressed unease over a landmark nuclear deal between the US and Saudi Arabia, but the US Secretary of State, Marco Rubio, says that the agreement won't lead to proliferation.Also in the programme: the trial of Venezuela's ousted leader, Nicolas Maduro, on drugs trafficking charges is due to be held next June in New York; and the American jazz musician, Plas Johnson, famous for his Pink Panther saxophone theme, has died at the age of 94.(Photo: President Trump and Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud attend the Saudi-US Investment Forum in Riyadh on 13 May 2025. Credit: Ali Haider/ EPA-EFE Shutterstock)

Two US officials and a source familiar with the matter tell CNN that President Donald Trump has approved a nuclear deal with Saudi Arabia – how will it impact the Middle East? A French model recruiter who arranged for the late sex offender Jeffrey Epstein to meet multiple models was found dead in his home near Paris. Ben Crump announced independent autopsy findings in the death of Mississippi teen Nolan Wells. Ukrainian President Volodymyr Zelensky makes another military shakeup. Plus, we'll tell you what Austria is turning Adolf Hitler's birthplace into to deter neo-Nazi visits. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Why has Volodymyr Zelenskyy reshuffled Ukraine's military leadership at a crucial moment in the war against Russia?As Kyiv ramps up its long-range drone campaign deep inside Russia, Ukraine's president has appointed General Mykhailo Drapatyi to lead the country's armed forces. Supporters say he's the innovative commander Ukraine needs for the next phase of the conflict—but why make such a significant change when the war appears to be swinging in Ukraine's favour?On this episode of The Fourcast: Indicators, Matt Frei and Mark Urban examine what Zelenskyy's military shake-up signals, whether Ukraine is rewriting the rules of modern warfare, and if drones can continue to shift the balance against Russia. They're joined by Orysia Lutsevych, Head of the Ukraine Forum at Chatham House, to discuss the challenges facing Kyiv, what Vladimir Putin may do next, and the wider security picture, including Houthi attacks in the Red Sea and the emerging US-Saudi nuclear agreement.

For review:1. US-Saudi relations have significantly deteriorated in recent months amid anger in Riyadh over Washington's decision to launch a war against Iran that has caused massive blowback for the rest of the region, to the extent that the US is reportedly considering pulling troops from the Gulf kingdom.2. Funeral processions for Khamenei will begin on Saturday in Tehran and conclude on July 9 with his burial in his hometown of Mashhad, with additional ceremonies planned in Qom and Iraq in between. The ceremonies are expected to draw 15 to 20 million mourners, according to officials, which would make it the biggest state funeral in the country's history.3. Syria's foreign minister said during a visit to Beirut on Thursday that Syria was open to meeting the Iran-backed Lebanese terror group Hezbollah “if interests require it,” Lebanon's state news agency reported.Asaad al-Shaibani met Lebanese government leaders, including President Joseph Aoun and parliament speaker Nabih Berri, a Hezbollah ally. 4. Israel has successfully completed a series of tests on an upgraded version of its Iron Dome aerial defense system, demonstrating new joint operational capabilities with the Iron Beam laser system, the Israeli ministry of defense said on Tuesday. This integration is a prerequisite for future operational deployments allowing commanders to dynamically toggle between missile and laser interceptions based on the nature of the incoming threat, system availability and cost-benefit calculations.5. President Donald Trump will traveled for the first time on the new Air Force One aircraft Wednesday, according to the White House. 

From AI megadeals to food delivery consolidation and a new wave of defense manufacturing, today's stories highlight how capital, technology, and power are converging across the US, Europe, and the Gulf. Anthropic's rise above OpenAI marks a reshaping of the global AI hierarchy, but Abu Dhabi's quiet cross-investments tell an even bigger story. Meanwhile, Uber's push for Delivery Hero puts Talabat and HungerStation in play across the Middle East. In parallel, a US-Saudi venture to build Shahed-style drones in Riyadh signals an accelerating regional race to localize advanced military production. Newsletter: https://lnkd.in/dAkTDhJ6WhatsApp: aug.us/40FdYLUInstagram: aug.us/4ihltzQTiktok: aug.us/4lnV0D8Smashi Business Show (Mon-Friday): aug.us/3BTU2MY

A version of this essay has been published by firstpost.com at https://www.firstpost.com/opinion/iran-war-no-winners-oil-de-dollarisation-global-impact-13992276.htmlWar is hell, we all know, and it's bad for everybody, but there is – usually – a winner. After more than three weeks of the Iran war, I am beginning to believe that there are no winners here, only losers. The principals are overextending themselves, and will suffer as a consequence. Innocent or not-so-innocent bystanders are suffering significant collateral damage.Some are getting hurt more than others, so it's mostly a question of degree: but the bottom line is that this is war that is just not good for anybody. As usual, Henry Kissinger had a useful aphorism: “It's a pity both sides can't lose”, quoth he. (Hat tip to reader Sudarshan M). Well, Henry, both sides are losing this one, so take heart: your wish has come true.Someone made the analogy of going to Family Court with a dispute: there are no winners, as the father, mother, and the children, will all suffer, whatever the outcome. It is best in that situation to listen to a counselor and solve your problems amicably. Similarly, it would be good to find a neutral intermediary to help iron out a ceasefire in this war, too.In a way, this war is the classic idea of irresistible force meeting an immovable object, thus leading to a stalemate, as Walter Russel Mead suggested in the Wall Street Journal.First, the toll on the belligerents, in alphabetical order:* Iran. It is creditable that Iran has held out against the might of the US war machine for three weeks and more. My belief is that they can keep it up for a while longer, because they have been preparing for this eventuality for some decades, ever since the 1979 crisis in which they held Americans hostage for 444 days. They are taking, and will take, horrendous losses, but it will be difficult to completely overthrow the Islamist regime. Among other things, Iran is a large country, about half the size of peninsular India.* The US attack on Kharg Island's military targets (but not its oil terminals) has shown that Iran's oil exports could be in jeopardy, pushing global prices up.* Just like their proxy Hamas, it appears Iran has built extensive tunnel complexes, veritable underground labyrinths, where they are hiding all sorts of things, including fast patrol boats. Their military assets are doubtless ensconced in these tunnels which makes them hard to locate and possibly quite mobile.* Israel. Iran's consistent rhetoric that Israel doesn't deserve to exist leads to fears that Iran's nuclear arsenal (if and when built) will be primarily aimed at Israel. This, and troubles with Iranian proxies such as Hezbollah and Hamas, have led to massive Israeli human intelligence penetration of Iran (as seen in the Stuxnet incident as well as the effective strikes on the Ayatollahs and Hamas, including the pager incident). But Israel is also believed to be taking heavy losses, which it can ill afford, although information has been tightly censored. There were apparently missile attacks near Israel's nuclear sites at Dimona as well.* The US. The original idea of a decapitation strike that would lead to a rapid regime change as the Iranian public rose up and anointed a new leadership (one more acceptable to the US), was questionable, as I pointed out fairly early. It appears that the CIA and US intelligence have just one playbook, which they used more or less successfully in Iraq, Libya, etc. But that was never going to work in Iran, and now the US is stuck with a tar-baby and may be quietly seeking de-escalation and an off-ramp.* Talk of a Marine Expeditionary Unit of 2500 American soldiers re-deployed from Japan means “boots on the ground” followed inevitably by that dreaded word, “body bags”. The troops will be meant to keep Hormuz open, or perhaps to capture Kharg Island. Whether they can achieve these is unclear right now.* However, overall it appears that the US' capacity to coerce other countries through economic means is declining, as suggested by the FT in “The era of US dominance in economic warfare is over” on March 17th.Now for the others in the firing line and in the periphery:* The GCC, consisting of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. They have taken the brunt of the Iranian drone and missile attacks, and their oil and gas exports, and economies, are affected by the closure of the Straits of Hormuz. But more alarmingly, their food and water supplies may also be affected, and they are, being desert nations, highly dependent on imported items via the blockaded Hormuz, and critically dependent on their desalination plants. Keeping the Straits of Hormuz open may be critical for them. They have been with human casualties, infrastructure damage, and reputational damage as well. In particular, Dubai, which has been a magnet for high-net-worth individuals, is affected.* Lebanon and Jordan. Lebanon was hit by Israeli fire, and Jordan by Iranian fire, although they are mostly bystanders. Israel has been responding to increased activity by Iranian proxy Hezbollah, and Iran has sent drones and missiles towards Jordan as part of general horizontal escalation.* Pakistan and Turkey. These are wild card nations in the conflict. So far they have not (yet) been affected badly, but they have to walk a tightrope. On the one hand, it is very likely that Pakistan has offered logistical and intelligence support to the US in its air attacks on Iran. On the other, as a fellow-Islamic nation, Iran has, under both the Shah and the mullahs, consistently supported Pakistan (especially against India).* Furthermore, if there is a ground assault on Iran, it will probably involve Balochis from Pakistan and Kurds from Turkey, both attempting to capture land in, respectively, the Sistan and Baluchistan Province, and the heavily Kurdish regions of Iran bordering Turkey.* Turkey, as a NATO member, is obligated to support the US, despite its Islamist leadership which is duty-bound to side with the fellow-Islamic Iranian regime. The traditional Sunni-Shia split, which has been exacerbated by Shia Iran attacking Sunni Gulf nations, sharpens the dilemma for both nations. (Meanwhile, Pakistanis slaughtered 400 Afghans by bombing a hospital, but they get a free pass from, e.g. the BBC.)* The United Nations. It has been rendered superfluous. Nobody even called for a Security Council meeting condemning the war. This is the latest in a long process wherein whatever the UN, or many other multilateral organizations do or say has become immaterial. The UN, hit by a budget crunch, might as well be shut down.* Europe and Britain. The EU and NATO have been noticeably absent in the discussions about the war. Of course, they are likely to be affected by the increase in hydrocarbon prices. In fact, their folly in shuttering their nuclear power plants in pursuit of vague ‘green' goals has put them at the mercy of Russian oil and gas. In particular, the virtual shutting out of Britain from the entire war is notable, considering that their Whitehall has long managed to treat the US Deep State as their vassals, ‘master-blaster' style.* Russia. Even though Russia has long been friendly with Iran, it has desisted from doing anything that could bring it into direct conflict with the US. Russia is probably supplying satellite and other reconnaissance data as well as spares for existing systems (such as the S-300 air defense batteries, Su-35 fighters) and possibly Iranian-designed Shahed drones as well. Interestingly enough, Russia may be the one possible winner in the war, considering its oil is now a coveted commodity, prices have soared, and there is less attention being paid to its Ukraine war. Europe, China and India are ever-more dependent on Russian oil, and the windfall profits may be sustainable. The US may even lift its sanctions and bring Russia back into the Western fold.* China. There are wins and losses for China, but in sum it may also be a bit of a winner.* The loss is in energy security: China has lost Venezuelan oil as well as access to Iranian oil, but they have overland pipelines from Russia, as well as access to Russian tankers at sea. Besides, they have a massive strategic petroleum reserve (1 billion barrels), so it should be manageable, for a while at least. Cuba, their reliable ally in the US' backyard, is now back to the wall with the US enforcing a blockade.* On the other hand, they have acquired a significant military edge: US munitions inventory has been getting depleted at a furious rate, so much so that if China were to attack Taiwan now, the US would be hard pressed to intervene. Even US THAAD (Theater High Altitude Air Defense) systems are being cannibalized: after four of their radars in the GCC were damaged, the US is forced to scavenge for them from their South Korean bases. Now comes news that China is massing both civilian ships and military aircraft near Taiwan, quite possibly a precursor to an actual invasion.* Unfortunately for China, their weapons systems don't seem to have performed very well in Iran, just as they didn't in Operation Sindoor. There are sarcastic posts on X, especially about their radar that looks like a big grille and is supposed to detect stealth aircraft, but didn't quite work.* China has also been on the horns of a dilemma, as it were: what would Xi do when Trump visits in April while in the midst of a war with one of China's principal allies? It would be “damned if you do, damned if you don't”. If China were to greet him warmly, it would send a negative message to Iran, as well as its other Belt and Road Initiative partners. If China were to treat Trump coldly, then trade wars will continue. Fortunately for Xi, Trump decided to delay his visit; perhaps he intends to continue the war well into April, or maybe he thought he'd be too much at physical risk. It's interesting to speculate on why Trump did this, but of course it may have been just whimsy.* India. This war is pretty much a disaster for India from every perspective. Being dependent on Persian Gulf oil and gas for everything from transportation to household cooking fuel to raw material for plastics to APIs for pharmaceuticals leaves India particularly exposed. There are other big vulnerabilities:* The $50 billion in remittances sent back yearly by 10 million Indians toiling away (often in very difficult circumstances) in that area, in addition to the personal hardships these migrants will face, including life and death situations.* Despite large increases in renewable energy, the major energy input, especially in transportation, continues to be imported oil and gas. Households have largely switched from wood-burning stoves to (admittedly much less polluting) bottled or piped gas. At the very time that electricity demand is peaking (e.g. AI data centers and railways), this disruption may have severe consequences.* The feedstock for agriculture is increasingly petroleum-based, and disruptions in fertilizer availability may cause production costs to skyrocket. Increased transportation costs will make vegetables and grains more expensive for those states (such as Kerala) that depend on internal transfers from producing states. In the short run, some agricultural commodity prices have collapsed as their primary markets in the Persian Gulf are inaccessible due to the Hormuz blockade. Basmati rice prices are down by Rs 5-10/kg according to LiveMint.* Trade through Chabahar Port (where India's $120 million investment is at risk) to Central Asia bypassing Pakistan, will likely grind to a halt* The dramatic increase in the price of oil (from around $60 per barrel to $100-$120, and threatening to go higher) is a huge ‘tax' on India, and a transfer of wealth out of India, which may reduce GDP growth by as much as 1-2%, and push inflation up to 4-5% (according to the Economic Times).* The ‘Goldilocks moment' of low inflation and high growth is possibly over.* The one positive for India will be the increasing importance of the India-Middle East-Europe Economic Corridor (IMEC), which is basically the old Spice Route,, e.g. containers from Mundra and Vizhinjam to Dammam in Saudi Arabia or Jebel Ali in the UAE, then by rail to Haifa in Israel, and onwards to Piraeus in Greece by sea.* There is really no obvious benefit to India if the war continues, and therefore it is in India's interest to try to be an ‘honest broker' intermediary which has reasonably good relations with all the belligerents as well as the frontline GCC states. India could use its diplomatic goodwill to try to bring the war to a quick close, thus pursuing its own interests as well as something in the larger good of the global economy.There are a couple of other notable points in this war. One is from systems theory, and the other is from 18th century colonial British machinations in India; and finally a speculation about the future of the US economy and even the US nation.Distributed SystemsSystems theory suggests that distributed systems are far more resilient than centralized systems, because they may have redundant mechanisms that come into play when the primary mechanism is knocked out. Iran has anticipated decapitation strikes on its leadership, and the danger that signals intelligence from their foes may tap into all communications. Therefore, it appears they have created a system where 31 independent IRGC military commands have the autonomy to take local decisions without a go-ahead from a central authority.This means it will be relatively hard to quell all resistance, as some commands may fight on even if large parts of the country are conquered. It makes their actions also more unpredictable and potentially more dangerous.It is interesting to compare this to the sudden collapse of the Persian Sasanian Empire to invading Arab Muslim armies in the 7th century, when they were conquered in a space of no more than twenty years. Even though there were other factors like imperial exhaustion from constant wars and long supply chains for the Arab armies, the contrast with the Hindu resistance (of several hundred years in Sindh) suggests that the decentralized nature of the Hindu kingdoms played a significant role in their ability to fend off the Muslims for centuries.The Tipu SyndromeIn the late 18th century, imperial Brits pulled off a particularly clever ploy in southern India. Tipu Sultan, Muslim king of Mysore, invaded Malabar in a combination of religious jihad and economic loot. He was intent on both forced conversion and on the loot of Hindu temples in Malabar, which had grown rich from millennia of the trade in spices, especially black pepper. As Sanjeev Sanyal suggests, temples were banks and venture capitalists to trading guilds.Britain did conduct some desultory campaigns against Tipu, who was allied with the French, but did not accomplish much. In the end it was the desperate breaching of a natural dam on the Periyar by Travancore forces in 1790 that forced Tipu to retreat, as his artillery, munitions and supplies were flooded and swept away. Of course, then the British charged the entire cost of the 3rd Anglo-Mysore War to ‘ally' Travancore, bankrupting it.Next, the British attacked Tipu's headquarters, Srirangapatnam, killed him, and took all the loot. In other words, Tipu did all the dirty work in collecting the booty from the temples, and the British got it all in one stroke. And looked good, at least in their own propaganda, for killing a tyrant.A very similar thing happened in 1973. Arab oil states quadrupled oil prices (from $3/barrel to $12), imposing a massive strain on hapless developing countries such as India, leading to severe distress. Under the 1974 US-Saudi agreement, oil sales were to be only denominated in US dollars, thus leading to the ‘petrodollar' accumulation with OPEC. They recycled this money via buying US Treasury bonds, and especially via buying US arms, to the delight of the Military-Industrial Complex.Thus the net effect of the 1973 oil crisis was a large transfer of wealth from the developing countries to OPEC. The US economy did not suffer greatly (despite long lines at gas stations) and in fact US deficits were funded by petrodollars for the last several decades. This is why any move to de-dollarize oil sales is strongly resisted by the US.Summary: Oil and the petrodollarAt the end of the day, American wars always seem to go back to simple ideas: control of oil, and the prevention of de-dollarization. It makes sense: why not use economic and military heft in pursuit of the national interest? Those who go against this learn a big lesson, to their discomfiture: Saddam Hussein in Iraq wanted to trade oil in Euros, Muammar Gaddafi in Libya wanted to create a new pan-African currency in which to trade oil, Nicolas Maduro was trading in yuan and stablecoin, Ayatollah Ali Khameini has been selling in yuan mostly, and not at all in dollars. That meant they all had a Damocles' sword hanging over their heads.Putin and Xi are undesirables too, but then they have nuclear arsenals, which everybody has to respect.The dollar has been hegemonistic ever since Bretton Woods. Even allies learn to respect American sensitivity over the currency. The Japanese economy, once growing at a blistering pace, was ruined after the Plaza Accord of 1984, which set the yen-dollar exchange rate artificially high. Japan lost its mojo and is yet to recover, forty years later.Tailpiece: The end of many eras?Balaji Srinivasan, formerly a Silicon Valley VC, a thought leader and a supporter of ‘Network States' and crypto, posted this intriguing tweet on March 17th. I don't necessarily agree with his framework of (US) ups and downs (see diagram) or his assertions: he surely paints a grim picture for the US, including de-dollarization. He openly wonders if the US itself will survive in its present form.The AI-generated podcast courtesy notebookLM.google.com is at 3000 words, 18 March 2026 This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit rajeevsrinivasan.substack.com/subscribe

Why is the USA waging war on Iran? It's not just because of Israel. Washington wants to control the oil of the Middle East (West Asia) to maintain the petrodollar system. The Trump admin fears the dedollarization movement's challenge to the global reserve currency, which is the US empire's most powerful tool. Ben Norton explains. VIDEO: https://www.youtube.com/watch?v=zcXrvKVsPV8 Topics 0:00 Iran war, US & Israel 0:32 World War I analogy 1:47 Middle East wars 2:56 Oil reserves 3:51 (CLIP) Trump wants Venezuela's oil 4:14 Oil blockade of Cuba 4:59 Strait of Hormuz 5:40 Trump admin targets Iran's oil 6:06 (CLIP) US wants "to get all of the oil" 6:30 USA is top oil producer 7:11 Dollar as global reserve currency 7:55 Sanctions and financial system 9:00 Dedollarization 9:50 (CLIP) Trump fears dedollarization 10:07 Iran joins BRICS 10:22 Iran promotes dedollarization 11:08 Resistance groups 11:38 Petrodollar system 13:14 US oil deal with Saudi Arabia 15:06 Oil is (mostly) sold in US dollars 16:38 China buys Iranian oil with yuan 17:05 Venezuela sold oil in renminbi 17:26 Petrodollar and Venezuela 18:19 Trump official: Iran war for oil 19:44 USA targets China 20:44 Exorbitant privilege of US dollar 22:26 Commodities priced in USD 23:19 Financial elites benefit 24:17 US stock market: 60% of world 24:54 Global elites hold US assets 26:57 Gold standard to oil standard 28:11 Richest 10% hold 90% of stocks 28:43 Dedollarization grows 29:21 Rise of China (and India) 30:01 China buys oil with yuan 31:20 Iraq sold oil for euro, not USD 32:19 USA controls Iraq's oil revenues 33:30 Venezuela's oil revenues 34:19 Trump fears de-dollarization 35:00 UAE sells China LNG in RMB 36:01 Saudi Arabia considers yuan 36:51 Saudi BRICS invitation 37:15 UAE joined BRICS 37:44 War among BRICS members 38:29 US provokes Saudi-Iran conflict 39:10 China brokers Saudi-Iran deal 39:39 Petrodollar war 40:52 Israel and lobbying 43:34 Israel: US aircraft carrier 44:20 (CLIP) Biden: Israel "investment" 44:36 Israel and petrodollar 45:11 The tail does not wag the dog 46:05 Suez crisis of 1956 47:28 Origins of US-Saudi alliance 48:30 US-Israel alliance is recent 49:58 Bigger picture of US imperialism 51:55 Outro

In today's Smashi Business Show, Gulf-backed Anthropic triggers a cybersecurity selloff, Lakshmi Mittal expands ArcelorMittal in Sharjah, and the Trump administration advances a proposed civil nuclear agreement with Saudi Arabia.

SHOW 12-11-25 CBS EYE ON THE WORLD WITH JOHN BATCHELOR JUNE 1957 THE SHOW BEGINS IN THE DOUBTS ABOUT THE TRUMP COROLLARY  FIRST HOUR 9-915 Ukraine-Russia Conflict and the Transformation of Warfare: Colleague Anatol Lieven discusses the Ukraine-Russia conflict, noting that drone warfare has fundamentally changed battle tactics, analyzing Trump's influence on peace negotiations and suggesting Ukraine risks losing support without concessions, while explaining that EU membership is being offered as a prize in exchange for territorial losses. 915-930 Why Russia Will Not Attack NATO: Colleague Anatol Lieven dismisses fears that Russia intends to attack NATO Baltic states, arguing such a move would lack strategic gain and risk nuclear war, contending these defenses are unnecessary because attacking NATO would unite the West, contrary to Russian interests. 930-945 China's Intellectual Property Theft and the K-Shaped Economy: Colleague Chris Riegel discusses "The Great Heist," a book detailing China's campaign to steal American intellectual property via spies and students, also noting a US consumer slowdown and describing a "K-shaped" economy where lower-income earners struggle with affordability despite infrastructure spending. 945-1000 Iran's Currency Collapse and Legitimacy Crisis: Colleague Jonathan Sayeh reports that Iran's currency has collapsed to historic lows, fueling inflation and social dissatisfaction, explaining that while the regime uses repression and temporary social loosening to maintain control, it faces a legitimacy crisis and difficulty recruiting loyal security forces. SECOND HOUR 10-1015 Warnings Against a US-Saudi Nuclear Deal: Colleague Andrea Stricker warns against a US-Saudi nuclear deal that allows uranium enrichment, advocating for the "gold standard" of non-proliferation, arguing any agreement must include the Additional Protocol for inspections and ensure the US retains a right of return for nuclear materials. 1015-1030 Credit Card Interest Rate Caps Would Harm Low-Income Borrowers: Colleague Veronique de Rugy criticizes proposals by Senators Sanders and Ocasio-Cortez to cap credit card interest rates at 10 percent, arguing price controls will force companies to reduce risk, ultimately denying credit to the low-income borrowers the bill aims to protect. 1030-1045 1045-1100 American Universities Have Abandoned Liberal Education: Colleague Peter Berkowitz argues that American universities have abandoned liberal education, replacing the study of Western civilization with narrow specialization and political agendas, lamenting that students are no longer taught about historical heroes or the realities of the Revolutionary War, depriving them of national identity. THIRD HOUR 1100-1115 James I, Mary Queen of Scots, and the English Succession: Colleague Clare Jackson explains how James I managed the tension between his imprisoned mother, Mary Queen of Scots, and Queen Elizabeth I, noting James protested his mother's execution but prioritized his claim to the English throne, maintaining a complex correspondence with Elizabeth to ensure his succession. 1115-1130 James I's Sea Voyage to Denmark and Dynastic Tragedies: Colleague Clare Jackson details James I's decision to travel by sea to marry Anna of Denmark, viewing it as a dynastic duty despite the risks, also discussing the death of his heir Prince Henry and his daughter's involvement in the conflicts sparking the Thirty Years' War. 1130-1145 James I's Male Favorites and the Madrid Adventure: Colleague Clare Jackson explores James I's intense relationships with male favorites like Robert Carr and George Villiers, noting the political complications these caused, describing the bizarre, risky journey Prince Charles and Villiers took to Madrid in disguise to woo the Spanish Infanta. 1145-1200 James I, American Colonies, and Tobacco Revenue: Colleague Clare Jackson discusses James I's oversight of American colonies like Jamestown, using chartered companies for deniability against Spanish claims, noting his initial opposition to tobacco before accepting its revenue and describing his fluctuating relationship with Parliament regarding funding and military action. FOURTH HOUR 12-1215 Venezuelan Opposition Leader Accepts Nobel Prize in Oslo: Colleague Evan Ellis reports on Venezuelan opposition leader Maria Corina Machado accepting a Nobel Peace Prize in Oslo after escaping her country, outlining a new US national security strategy increasing military presence in the hemisphere and the seizure of a sanctioned oil tanker. 1215-1230 Caribbean Reactions to US Military Operations Against Venezuela: Colleague Evan Ellis analyzes Caribbean reactions to US military operations against Venezuela, noting support from the Dominican Republic and Trinidad and Tobago, explaining that islands like Curacao and Aruba fear becoming targets, while political shifts in St. Vincent offer new cooperation opportunities. 1230-1245 Electoral Chaos in Honduras and Chile's Stark Choice: Colleague Evan Ellis describes electoral chaos in Honduras, where US-backed candidate Asfura leads amidst claims of irregularities and potential unrest, contrasting this with Chile's election where voters choose between conservative Kast and communist "Hara" due to fears of communism or desire for social rights. 1245-100 A China's New White Paper on Latin America: Colleague Evan Ellis details China's new white paper on Latin America, which ignores US pressure and asserts a "full speed ahead" diplomatic and economic approach, emphasizing expanding infrastructure, technology, and security cooperation while securing access to critical commodities like copper.

Warnings Against a US-Saudi Nuclear Deal: Colleague Andrea Stricker warns against a US-Saudi nuclear deal that allows uranium enrichment, advocating for the "gold standard" of non-proliferation, arguing any agreement must include the Additional Protocol for inspections and ensure the US retains a right of return for nuclear materials.

PREVIEW: US-Saudi Nuclear Reactor Negotiations: Colleague Henry Sokolski analyzes ongoing negotiations regarding Saudi Arabia's request for nuclear reactors, citing concerns that spent fuel could be repurposed for weapons, noting the deal is not finalized as US negotiators are currently withholding "advanced consent" for uranium enrichment and demanding strict protocols to prevent nuclear proliferation.

Geopolitics of the Gulf and Eurasia: US-Saudi Relations and China's Global Strategy — Victoria Coates, Vice President, Heritage Foundation — Victoria Coates addresses U.S.-Saudi relations, noting that technology transfer risks from China exist but remain manageable through export-controlled F-35 versions. She argues that Russia is dependent on Beijing in the Ukraine war, which serves China's strategic objective of distracting the West from Indo-Pacific developments. A perceived Russian victory would embolden China toward aggression in East Asia. Coates identifies security guarantees and Saudi openness to the Abraham Accords as key priorities for regional stability.  1922 PEKING

1/2 Henry Sokolski states that Saudi Crown Prince MBS's goal is to obtain a bomb option, and while the new US-Saudi agreement does not include assistance with nuclear fuel production, a reactor still provides the necessary "cover" used by countries like Iran. MBS has made clear he will acquire a bomb if Iran does, regardless of the Non-Proliferation Treaty. Sokolski also discusses the US military's Janus program for small reactors, initially conceived for vulnerable front-line bases but pushed back to remote areas like Alaska and the lower 48 due to concerns about drones and vulnerability. Finally, the US may be moving toward nuclear socialism—government ownership of commercial reactors, potentially funded by Japan—to encourage commercialization even without secured market contracts. 1919

SHOW 11-21-25 CBS EYE ON THE WORLD WITH JOHN BATCHELOR THE SHOW BEGINS IN THE DOUBTS ABOUT UKRAINE FIRST HOUR 9-915 HEADLINE: Las Vegas Shifts Focus with Formula 1 and Lower-End Tourism; California Politics Hit by Indictments GUEST: Jeff Bliss Jeff Bliss reports that the Formula 1 race on the Las Vegas city circuit is attracting major spectacle and high-end tourism, though the city is also attempting recovery by catering to lower-income demographics, evidenced by positive activity at the Excalibur Casino, while facing major competition from a new Indian casino near Bakersfield, California, operated by the Tahone tribe and twice the size of Caesars Palace. In California, Governor Gavin Newsom's former chief of staff, Dana Williamson, and four others were indicted on 23 counts of fraud. Additionally, an investigation into the Palisades fire revealed that state workers ordered the LA Fire Department to back off a previously burned area that rekindled, allegedly to protect endangered plants. 915-930 HEADLINE: Industrial Policy and Tariffs Lack Coherence; Removal of Food Tariffs Implies Inflationary EffectGUEST: Veronique De Rugy Veronique De Rugy discusses US industrial policy, noting the trade deficit has increased despite tariffs, and the administration's decision to remove tariffs on food items—goods not produced domestically—is seen as an implicit admission that tariffs contribute to the "affordability crisis" because tariffs are a tax primarily borne by American consumers. The goals behind tariffs have shifted from fighting China to raising revenue, and the largest tariff exemption is for computer parts, indicating an understanding that tariffs could contradict other goals like energy abundance. De Rugyargues that US economic power stems from innovation and a willingness to invest, making industrial policy involving tariffs and seeking foreign investment largely unnecessary and potentially harmful. 930-945 HEADLINE: Mixed US Economic Signals: Strong GDP Contrasts Low Consumer Sentiment; AI Adoption Increases GUEST: Gene Marks Gene Marks discusses the US economy, noting that third-quarter GDP growth is estimated near 4%, contrasting sharply with record-low consumer sentiment in a "tale of two economies" where salaried workers receiving pay raises of 5–7% are outpacing 3% inflation and continuing to spend, while hourly workers struggle. Despite job growth in construction, leading indicators like the architectural billings index show contraction for 11 months. In technology, 88% of major companies are adopting artificial intelligence, though scaling remains limited, with AI already replacing low-level programmers and enhancing customer service. Agentic AI, capable of performing complex tasks, is predicted to impact fields like accounting and marketing by 2027–2028. However, Marks argues that most current major corporate layoffs stem from typical corporate bloat and mismanagement rather than AI, at least not yet. 945-10 SECOND HOUR 10-1015 HEADLINE: Lancaster County Economy Booms Despite Low Consumer Confidence; Local Entrepreneurs ThriveGUEST: Jim McTague Jim McTague reports that the economy in Lancaster County, Pennsylvania, is strong, suggesting it mirrors the greater US economy despite reports of low consumer confidence, observing robust traffic at tourist destinations like Kitchen Kettle Village, a shopping locale established in 1954, with spending largely supported by well-off boomers. Local entrepreneurs are experiencing great success—a dealer selling eclectic electric lamps in Park City Mall is already earning $4,500 per week at the start of the holiday season, and high volume at Costco, where the Amish are major buyers, further indicates available disposable income. McTague concludes that the real economy on Main Street is strong and likely headed for a blockbuster Christmas season. 1015-1030 HEADLINE: Climate Change Threatens Iconic Italian Cheeses; Southern Drought Reduces Milk Production Quality GUEST: Lorenzo Fiori Lorenzo Fiori reports that climate change is threatening Italian food production, particularly cheese, due to drought and heat waves in the south, especially the Puglia region, where stressed cows are reducing milk production and impacting specialty cheeses like mozzarella and burrata. Milk cannot be shipped from the north because local water and hay are essential to the unique flavor of southern cheese. Fiori emphasizes that Italian food is a famous brand precisely because it belongs to its territory, criticizing pre-prepared sauces found in Brussels as inauthentic carbonara, which must be made fresh. In Milan, Christmas preparations are underway, with shop windows decorated festively and street lights scheduled to be switched on December 7th. 1030-1045 HEADLINE: Private Space Advances (Blue Origin, Rocket Lab) Challenge NASA SLS, EU Space Law CriticizedGUEST: Bob Zimmerman Bob Zimmerman reports that Blue Origin's New Glenn orbital rocket successfully completed its second launch, including landing the first stage and demonstrating reuse capability comparable to Falcon 9. New Glenn, larger than Falcon 9, is scheduled for upgrades with more powerful BE4 and BE3U engines, making it nearly comparable to NASA's costly and expendable SLS rocket. Rocket Lab set a new annual launch record with 15 successful orbital launches, surpassing Russia's frequency, and has conducted suborbital HASTE launches for military testing. India is upgrading its largest LVM rocket's upper stage for multiple restarts, essential for its space station and crewed missions. The US State Department opposes a proposed European Union space law seeking to impose EU regulations on companies from other nations, potentially discrediting the EU if passed. Finally, NASA has hired startup Catalyst to attempt a daring robotic rescue of the decaying Swift telescope. 1045-1100 THIRD HOUR 1100-1115 HEADLINE: McFaul: Autocrats Are on the Rise; US Must Unite Allies and Attract Global Talent to CompeteGUEST: Michael McFaul Michael McFaul's book Autocrats Versus Democrats argues that Putinism is driven by anti-Western ideology, making Putin a risk-taker, and McFaul believes the US erred by lacking a robust response and failing to provide arms after the 2014 Crimea invasion, stressing that helping Ukraine win is essential to inspire Russian democrats. He asserts that the appeal of autocracy is growing globally and advises that the US must align democracies against autocrats while advocating for human rights, citing the need to support imprisoned publisher Jimmy Lai. Long-term strategy requires the US and its allies to unite, as they are collectively stronger economically and militarily than autocracies, and McFaulstrongly recommends attracting international talent by reversing restrictive immigration policies, calling it a great strength the US is currently losing. 1115-1130 1130-1145 1145-1200 FOURTH HOUR 12-1215 HEADLINE: US-Saudi Nuclear Deal Raises Proliferation Concerns; Military Micro-Reactors Retreat from Front Lines GUEST: Henry Sokolski Henry Sokolski states that Saudi Crown Prince MBS's goal is to obtain a bomb option, and while the new US-Saudi agreement does not include assistance with nuclear fuel production, a reactor still provides the necessary "cover" used by countries like Iran. MBS has made clear he will acquire a bomb if Iran does, regardless of the Non-Proliferation Treaty. Sokolski also discusses the US military's Janus program for small reactors, initially conceived for vulnerable front-line bases but pushed back to remote areas like Alaska and the lower 48 due to concerns about drones and vulnerability. Finally, the US may be moving toward nuclear socialism—government ownership of commercial reactors, potentially funded by Japan—to encourage commercialization even without secured market contracts. 1215-1230 1230-1245 HEADLINE: Scenario: Russia Attacks NATO Member Estonia; Europe's "Kantian Dreams" and Lack of Readiness Prevent Article 5 Response GUEST: Jakub Grygiel Jakub Grygiel analyzes the German book If Russia Wins, which outlines a scenario where Russia attacks NATO member Estonia around 2028 following a stalled conflict in Ukraine, capturing Narva and an island before halting its advance and creating confusion within NATO. Europeans, living in "Kantian dreams of eternal peace," prioritize a quick end to the conflict and fear escalation, and the scenario posits that the US President decides a World War III over a "tiny piece of land" is not worthwhile, leading Estonia to forego invoking NATO's Article 5 out of fear of alliance rejection. Grygielnotes that decades of demilitarization leave Europe unprepared for war, highlighting that US reinforcements could take 45 days to move and societies lack the political will to fund necessary rearmament.

CONTINUED 2/2 Henry Sokolski states that Saudi Crown Prince MBS's goal is to obtain a bomb option, and while the new US-Saudi agreement does not include assistance with nuclear fuel production, a reactor still provides the necessary "cover" used by countries like Iran. MBS has made clear he will acquire a bomb if Iran does, regardless of the Non-Proliferation Treaty. Sokolski also discusses the US military's Janus program for small reactors, initially conceived for vulnerable front-line bases but pushed back to remote areas like Alaska and the lower 48 due to concerns about drones and vulnerability. Finally, the US may be moving toward nuclear socialism—government ownership of commercial reactors, potentially funded by Japan—to encourage commercialization even without secured market contracts. 1927

Bitcoin just got hit with a massive shockwave as reports surface of BlackRock unloading $500 million worth of BTC. In this episode, we break down what this sell-off really means, whether $75,000 is the next critical support, and how traders should prepare for the volatility ahead.