"Trump is doubling down on the Iran conflict despite the fact that the narrowing of war aims to merely re-opening the Strait of Hormuz is an admission of failure... The press and markets contine to downplay the significance of the current escalation."
www.nakedcapitalism.com/2026/07/iran...
nakedcapitalism.com
Iran War: Trump Lashes Himself to Strait of Hormuz Mast With Renewed Blockade, Intensified Attacks on Iran; Oil Crunch Worsens as Iran Halt Fujairah Shipments, Houthis Threaten to Close Bab el-Mandeb ...
Today's Iran war news: Trump is indeed making himself Herbert Hoover 2.0 with his latest escalation.