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Rubio says Iran’s military capabilities have been reduced but threat remains

Democratic Representative Dina Titus pressed US Secretary of State Marco Rubio on Iran’s military capabilities, noting that despite claims by President Donald Trump and other officials that Iran’s military had been severely weakened, ships were still coming under attack in the Strait of Hormuz.

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Iran-backed militias in Iraq signal move to place weapons under state control amid US pressure

Iranian-backed militias in Iraq have signaled that they may break away from the government-backed Popular Mobilization Forces and turn over some of their weapons to the state. There are many questions about whether this will actually happen or whether the militias are merely going to do some kind of formal change in…

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Futures Drop, Yields And Oil Rise On Latest Middle East Hostilities

US equity futures are mixed as oil prices, bond yields, and USD move higher in response to the latest overnight attacks in the Middle East with no public progress on a deal. As reported previously, the US struck Iran’s Qeshm Island, which was then met with retaliatory Iranian strikes on US bases in Kuwait; explosion…

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