Jeremy Scahill

There were blackouts reported in Kuwait.

They were able to hit inside of Tel Aviv.

So this war continues, you know, while this supposed ceasefire, once again, time for the markets to close on Friday.

I think we've seen once again, you know, the thing that really does scare Trump is the bond markets.

And that was a big problem, probably even a larger issue for him in the immediate term

than the price of oil per barrel.

So that's where we are.

And here's the other piece.

I wanna go ahead and put A9 up on the screen.

This is from Trita Parsi, who did some digging into the war economy for Iran.

And what he find may really surprise you.

He says, energy industry insider in Iran tells me the following, and it is stunning.

Before the war, Iran produced just shy of 1.1 million barrels of oil per day and sold it at $65 per barrel minus an $18 discount, so roughly $47.

Today, it produces 1.5 million barrels a day, so more, and sells it at $110 with only a $2 to $4 discount.

So they're producing more and they're selling it at a vastly elevated price.

This, he says, does not include petrochemical sales,

that not only have increased, but are now being sold to a larger set of customers compared to before the war.

Moreover, Iran is receiving payments through new mechanisms that bypass the UAE, which were set up after the June war.

In essence, and this is really important to understand, Trump and Israel's war has ended up delivering Iran de facto sanctions relief.

That means Iran is all the less incentivized to end the war unless the agreement provides Iran with formal sanctions relief.