Last week's posts at Moon of Alabama:
The total so far is about $8 billion. Each month of grounding will add another $1.6 billion.
The above take was correct: La Stampa, published on July 17 confirms it (machine translated):
The MATRA operation of the DIGOS in Turin, which in recent days has led to the discovery of a weapons depot belonging to a pro-Ukrainian neo-Nazi group from Turin, does not seem to be over. This morning, Wednesday 17 July, two LR-0 "Rockets" were seized for rocket launchers used to arm MB339 aircraft also supplied to the Italian Air Force.
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The entire operation started following the activity of some Italian fighters with extremist ideologies, who took part in the armed conflict in the Donbass region of Ukraine.
- July 17 – Marandi – A US Led Naval Coalition In The Persian Gulf Will Raise The Threat Of War
- July 19 – Britain Pirates Iranian Ship 'Grace 1' – Iran Responds – Takes British Tanker Hostage – (Updated 3x)
Related:
How Trump’s arch-hawk lured Britain into a dangerous trap to punish Iran – Tisdall/Guardian
UK navy heard in audio trying to thwart Iran ship seizure – AP
Khamenei’s three commandments for the Iranians: the Middle East is heading towards “maximum danger" – E.J. Magnier
Iran's foreign minister:
Javad Zarif – @JZarif – 0:48 UTC Jul 20, 2019
Unlike the piracy in the Strait of Gibraltar, our action in the Persian Gulf is to uphold int'l maritime rules.
As I said in NY, it is IRAN that guarantees the security of the Persian Gulf & the Strait of Hormuz.
UK must cease being an accessory to #EconomicTerrorism of the US.
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Other issues:
U.S. policy failure in the Middle East:
The Wheels Are Coming Off – Gary Sick/Lobelog
A series of events, some of which got little attention in the media, suggest that the wheels may be coming off the Trump administration’s Middle East policy.
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Yemen was supposed to yield to overwhelming power. Qatar was supposed to collapse under siege. Iran was supposed to fold when faced with maximum economic pressure. Even the presentation of the economic portion of the Deal of the Century in Bahrain failed to attract the level of investors that had been expected.There are major shifts in the balance of power underway in the Persian Gulf. They are not what the Trump administration anticipated.
The delusion continues:
U.S. Plans for Post-Maduro Future With Team to Send to Venezuela – Bloomberg
How to defend against U.S. imperialism. Quite long, but an excellent analysis. Recommended:
Michael Hudson: U.S. Economic Warfare and Likely Foreign Defenses – Naked Capitalism
Use as open thread …