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Show Notes
Iran and Hezbollah are still hitting Israel and Gulf oil and gas dries up, but Trump insists he's still in control and it's nearly over. Who's he kidding? Right, so Donald Trump has said there is “practically nothing left” to target in Iran and that the war ends when he decides it ends. Fine. But then reality has answered back. Hezbollah fires a heavy barrage into Israel overnight in joint strikes with Iran hitting Haifa and other targets in the north. Israel’s mad war minister Israel Katz answers that not by restoring quiet, not by proving control, but by ordering expanded operations in Lebanon, because that is what you do when the thing you promised to stabilise is still burning in public. The International Energy Agency has answered the Hormuz crisis by reaching for the biggest emergency oil stock release in its history, which is not the behaviour of people who think this is all nicely contained and in another signal as to how precarious energy supplies are right now, Shell has piled on more pressure as they have now been forced to declare force majeure themselves on Qatari LNG-linked contracts, so now even the big energy firms are having to admit that the normal machinery is seizing up and even they cannot now deliver. Spain has permanently withdrawn its ambassador from Israel and following that move Iran has said the Strait of Hormuz will stay passable for states willing to send their Israeli and US ambassadors home. So no, this is not some neat little demonstration of strength under Donald Trump’s firm hand.