"And hence when they have created among the masses an appetite for gifts and the habit of receiving them, democracy in its turn is abolished and changes into a rule of force and violence." -- Polybius, two thousand years ago

I hate to ask, but we are still needing your help. Thanks in advance!

 

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The Pentagon's war with Iran has cost $33.4 billion and counting, while hundreds of destroyed buildings and dozens of aircraft have yet to be accounted for, according to a stunning new internal report warning of 'strategic inventory shortfalls.' 

By Phoenix Capital Research

On September 10 and 11, drones launched from Maysan province in southern Iraq hit pumping stations on Saudi Arabia’s East-West crude oil pipeline near Riyadh and Medina. Saudi Arabia shut the pipeline on Friday. Riyadh called it a precaution. Satellite imagery of the station near Al Melba ’ah tells a different story.

Brent spiked to $110, settled at $105, and closed the week up more than 8%. First settle above $100 since May.

Here is what most investors missed.

The U.S. military is straining under the pressures of the Iran war, according to two U.S. officials familiar with operations in the Middle East. One cautioned that this stress could lead to a “breakdown” in the military’s ability to effectively continue a war that President Donald Trump said would end in early April.

House lawmakers have voted to end the war in Iran, approving a war powers resolution that would halt President Donald Trump's ability to continue military action without congressional approval.

The roll call late on Tuesday night, 220-204, was similar to earlier efforts this summer, with a few more Republicans joining all Democrats voting to bring an end to the conflict. 

Iran's IRGC Navy has late Monday (local) announced that a foreign supertanker exploded when it struck naval mines after attempting to enter an unapproved zone of the southern Strait of Hormuz, Fars reports.

Bloomberg also picked up the reported tanker explosion, providing the following further details:

A US military operation near Iran’s Natanz nuclear facility, publicly presented as a pilot rescue, may have been a failed attempt to seize enriched uranium. The use of oversized C-130J transport planes, wreckage proximity to Natanz, and Tehran’s allegations of a cover-up have fueled suspicions.