The US-Iran ceasefire has collapsed inside a week, Hormuz tanker traffic is reversing, and six EU economies are fracturing the Russia sanctions bloc. Today's briefing covers the cascading consequences across the Middle East and Europe.
Audio is available on Spreaker — see link below.
The June ceasefire between the US and Iran lasted less than a week. Tehran formally suspended its obligations overnight, Supreme Leader Khamenei called Trump's signature worthless, and American strikes entered their eighth consecutive night.
The consequences in the Strait of Hormuz were almost immediate. At least four oil and gas tankers reversed course rather than attempt transit.
Running parallel to the military campaign, international mediators are reportedly working on a ten-day ceasefire proposal to create space for renewed talks. The important distinction here is that neither Washington nor Tehran has confirmed this publicly.
Separate from the Middle East, there's a significant development out of Brussels. The twenty-first package of EU sanctions on Russia has hit an unprecedented level of internal disagreement.
Lebanese President Joseph Aoun arrived in Washington for meetings with the State Department, with a session with Trump scheduled. Israeli and Hezbollah forces are still clashing on the ground despite the existing ceasefire framework.
The near-term signals worth tracking are straightforward. Does the US define an objective for its Iran campaign, or does it remain open-ended?
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