"Once weapons were manufactured to fight wars. Now wars are manufactured to sell weapons." -- Arundhati Roy

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Miller’s central insight is simple. A ceasefire can reopen a shipping lane overnight. It cannot manufacture a compressor, mobilize commissioning engineers, or pay a contractor. The next phase of this crisis, he writes, is a competition for cash, equipment, qualified contractors and finished fuel.

Task and Purpose reported that since April 2024, the Air Force has announced 76 Distinguished Flying Cross awards linked to combat flights that countered Iranian missiles and drones, but released little about what happened on those missions. This is not a debate about whether aircrews fought bravely. It is about what the public is allowed to know after the fact. Clear, factual citations help Americans understand the risks, actions, and skill that earned the medal.

  • US President Trump said that he will be making a decision on Iran; Iran said the Strait of Hormuz will not reopen until its conditions are met.
  • APAC stocks began the week mostly higher in holiday-thinned conditions; US equity futures pared early upside in the absence of major fresh catalysts.
  • DXY strengthened to start the week; EUR/USD weakened overnight to its lowest since May last year, with the single currency not helped by the unrest in France.
  • Crude futures ultimately retreated despite the initial u

Dave De Camp, antiwar.com

Israeli forces killed at least 10 Palestinians in Gaza over the past three days, according to numbers from Gaza’s Health Ministry, as the IDF continues its constant violations of the US-backed ceasefire deal.

In that same time, at least five Palestinians died of wounds sustained by previous Israeli attacks, and one body was recovered from the rubble, bringing the number of fatalities added to the death toll over three days to 16.

Iran has been launching dozens of drones and missiles at commercial ships in the Strait of Hormuz each week, largely out of the public eye, though it has often failed to strike its targets, confidential data shared with The New York Times by a Western security official who spoke on condition of anonymity to discuss operational matters shows.

Since the beginning of August, Iran has launched about 30 drone attacks and 10 anti-ship missile attacks per week against commercial ships transiting the Strait of Hormuz, according to the data shared with The Times by the official.

Under pressure from armed factions, Prime Minister Ali al-Zaidi’s government secured US approval for Iranian airlines, excluding Mahan Air, to operate 40 daily flights to and from Najaf airport, drawing praise from Iran-aligned figures and groups in Iraq.

The US Treasury Department issued a tightly restricted, one-month license last Tuesday, allowing Iraqi Airways to fly to Iran exclusively from Najaf airport.

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