Not much new overnight as POTUS heads to China. Dropsite sums up what there is.
President Donald Trump: “I don’t think about Americans’ financial situation.” Iran deputy FM says U.S. rejected proposal “because it is not a letter of surrender.” Pakistan denies sheltering Iranian military aircraft as U.S.-Iran ceasefire teeters. Classified U.S. intelligence shows Iran retained most of its missile capability, contradicting administration claims. Kuwait arrests four alleged IRGC operatives after armed infiltration attempt on Bubiyan Island. Pentagon says Iran war has cost $29 billion. IEA warns global oil inventories depleting at record pace. Iran executes another man on espionage charges. Eight killed in Israeli airstrikes near Beirut. Israel issues displacement orders for six more Lebanese villages. Israeli forces kill 16-year-old Palestinian child in West Bank attack. Israeli military bombs house in Gaza, killing one.
I suggest everybody watch this excellent interview with Professor Robert Pape, author of The Escalation Trap.
The full text of this article is available to MacroBusiness subscribers
