Iran’s Oil Spigot Could Open Soon But Hurdles Remain
Sputnik – 22.06.2026
Iran could recover up to 1.6 million barrels per day within four to eight weeks, independent political analyst Faisal Alshammeri told Sputnik commenting on Iranian Foreign Minister Araghchi’s recent announcement that oil and petrochemical export restrictions against the Islamic Republic have been lifted.
Iran returning “sustainably to the pre-war range of about 1.9 million barrels per day may require a full quarter,” Alshammeri pointed out.
The analyst pointed to “the uncertainty surrounding the political and legal framework” as Iran’s “primary challenge” in terms of durable oil exports.
“Sustainable normalization will depend on banking, insurance, shipping security and, above all, the durability of the political agreement” between Iran and the US, Alshammeri underscored.
He was echoed by energy economist Kazi Sohag of Saint Petersburg University who didn’t rule out a substantial increase in Iran’s oil output already in July.
“Iran can recover a good chunk of exports relatively quickly if the US waivers are implemented and the Strait of Hormuz is kept open,” Sohag noted.
As for potential first-wave buyers, China is expected to be the initial and largest importer of revived Iranian crude, the analysts predicted. They added that India could form the second wave, while Türkiye may also return relatively early. South Korea, Japan, and eventually EU member states could follow suit in the future.
Strategic Oil Reserve Nears Collapse… US Must Choose: Guns or Butter
By Larry C. Johnson | SONAR21 | June 21, 2026
As of the week ending June 12, 2026, the US Strategic Petroleum Reserve (SPR) held approximately 340.25 million barrels of crude oil… Sounds like a lot, but it is approaching the danger zone. In late May, that number was 372 million barrels, which consisted of Sweet crude: ~142 MMB | Sour crude: ~230 MMB, according to the US Department of Energy.
The oil is stored in caverns at four sites:
- Bryan Mound: ~166 MMB
- Big Hill: ~90 MMB
- West Hackberry: ~72 MMB
- Bayou Choctaw: ~44 MMB
To understand how perilous the situation is you need to know that if the oil level in these caverns falls below a certain level that the structural integrity of the caverns would be jeopardized. The most commonly cited operational floor is around 20% of capacity. Mike Sommers, CEO of the American Petroleum Institute, told CNN that the SPR must be at least 20% full to remain operational — that’s roughly 143 million barrels against the SPR’s ~727 million barrel design capacity.
So subtract 143 barrels from 340.25… That means the US only has 197.25 million barrels left before the caverns could face irreparable damage. If the US consumers, who use 20 million barrels a day, had to rely exclusively on the SPR, the US only has less than a 9-day supply of reserves. If you compare the amount reported at the end of May (i.e., 372 MMb) with the June 15th report, the US is drawing 16 million barrels a week from the reserve. This is the optimistic scenario, i.e., the US has roughly a 12-day supply before the proverbial shit hits the fan.
But wait, it gets worse. The US Military has blown through its jet fuel reserves. The problem is compounded becuase Diesel reserves are at 25 year low. Diesel and Jet Fuel are critical Distillates. So the Trump administration must make a choice: support the military jets with jet fuel, or support the trucking Fleet with enough diesel fuel, to provide food and products to US consumers. Trump can’t wage war and keep the economy going at the current rate because diesel and jet fuel compete with each other when comes to production. So the question is, do you want to wage war or do you wanna save the economy and keep the trucks moving on the road? This is the main reason Trump signed the MoU with Iran.
A friend who is an energy analyst summarized the dilemma as follows:
The strategic warning is that the United States cannot assume it can fight a major fuel-intensive conflict and protect the domestic economy without tradeoffs. Military jet fuel, commercial aviation fuel, diesel, heating oil, and marine fuel all draw from the middle distillate portion of the refined barrel. Refineries can bias output, but they cannot instantly maximize every middle-distillate product at once.
The risk is not that every truck or aircraft stops at once. The risk is that a forced fuel-priority decision creates cascading shortages and price shocks across logistics, aviation, agriculture, construction, and consumer supply chains. A war-time jet-fuel surge could reduce the diesel cushion; a civil-aviation diversion could disrupt passenger movement and air cargo. Either channel can become recessionary because both diesel and jet fuel are operating fuels for the real economy.
The US is not the only country or region facing a massive problem. Europe is screwed. An April 2026 report by Karl Miller — The Iran War, the Strait of Hormuz and Europe’s Compound Energy Trap — spells out the danger facing Europe. Here is the Executive Summary:
This report assesses whether the European Union faces a structural energy-security Prisoner’s Dilemma with Russia, with Germany at its centre and the Persian Gulf crisis as the accelerant. The argument is blunt: the Union has deprived itself of the low-cost Russian oil and gas system that underpinned much of its industrial base, while the Iran war and the Strait of Hormuz disruption have simultaneously impaired the maritime energy system that supplies a decisive share of the world’s oil, refined products and LNG.
Europe is on its knees in strategic terms. It is not literally without emergency stocks, because EU and IEA rules require minimum oil inventories. The harder reality is more damaging: those inventories are finite, unevenly usable, commercially fragile and unable to replace the normal flow of crude, diesel, jet fuel, LPG, naphtha and LNG through global markets. Emergency stocks buy time; they do not restore cheap Russian pipeline gas, reopen Hormuz, rebuild refining flexibility or prevent member states from bidding against one another.
The EU therefore faces a compound trap. Russian gas is being removed by law, Persian Gulf flows are exposed to war, U.S. LNG has become indispensable but expensive, storage refill is costly, and Germany’s industrial model remains dependent on affordable dispatchable energy. Each member state can rationally protect itself through bilateral contracts, subsidies, exemptions and emergency procurement, yet those same choices weaken the Union’s collective bargaining power and deepen fragmentation.
The conclusion is that the EU is locked into a repeated, asymmetric collective-action game. Escaping it requires enforceable solidarity, shared critical-fuels planning, coordinated storage, firm-capacity realism, a diversified LNG portfolio, strategic petroleum-product management, and legal reforms that make cooperation faster and more profitable than national defection.
Iran announces plan to link electricity grid with Qatar, transfer up to 1,000 MW of power
The Cradle | June 17, 2026
Iran is planning to connect its electricity grid with Qatar and announced on 16 June that work on the matter is in its “final stage,” reviving a years-old agreement with the Gulf state in the aftermath of the brutal US-Israeli war against the Islamic Republic.
Iranian Energy Minister Abbas Aliabadi said on Tuesday that “the connection between Iran and Qatar will begin soon.”
He added that “studies are in the final stage, and we are beginning the implementation phase.”
Aliabadi also said Tehran was “studying” power grid connection with other Gulf countries, according to Tasnim News Agency.
The minister affirmed that this would happen “in the near future.” The deal will involve a transfer of up to 1,000 megawatts (MW) of electricity.
Talks on the matter had been taking place between Tehran and Doha in December 2023.
The two countries had previously signed an electricity memorandum of understanding (MoU) under the late Iranian president Ebrahim Raisi’s government.
The new announcement comes several days after Qatar denied a Washington Post report that said the Gulf state cut a “secret” deal with Iran to avoid further retaliatory strikes.
“Any suggestion that operational decisions relating to energy production were – or have ever been – made in coordination with Iran, for Iran’s benefit, or to influence the course of the conflict is entirely unfounded,” Qatar’s International Media Office said on 12 June.
The Washington Post had cited western and regional officials as saying that Qatar approached Iran at the start of the war, following Tehran’s major strike on the key Ras Laffan energy facility.
“Seeking to protect its economic crown jewel, Qatar approached Tehran … to present a mutually beneficial arrangement: Iran would refrain from hitting Ras Laffan, and Qatar would halt gas production unilaterally – a move that would send energy prices soaring and put economic pressure on the US and Israel to shorten the war,” the sources said.
After the Iranian strike on Ras Laffan, Doha said the attack caused $20 billion in losses and wiped out 17 percent of the Gulf state’s gas export capacity.
Iran largely refrained from attacking the country in the days that followed, although some drone attacks and explosions were reported.
Tehran said during the war that many attacks on the Gulf were actually Israeli “false-flags” aimed at inflaming tensions.
Political commentator Tucker Carlson also reported in early March that Qatar and Saudi Arabia detained Mossad agents who were planning bombings, implying that the foiled attacks were designed to be pinned on Iran.
Tehran’s announcement on the electricity agreement with Qatar coincided with a Bloomberg report that said Qatar is planning to rapidly increase liquefied natural gas (LNG) production once the Strait of Hormuz reopens, aiming to restore up to 80 percent of its export volume within two months.
A New Economic Front: Yemen’s Entrance to Regional War against US-Israeli Alliance
By Robert Inlakesh | The Palestine Chronicle | June 11, 2026
During the Ramadan War earlier this year, Yemen’s Ansarallah’s role was notably limited – a move that is now turning out to have been strategic. The Yemeni Armed Forces now have the potential to tighten the noose of the global economy if the US-Israeli-UAE alliance seeks to escalate its war of aggression regionally.
When the Islamic Republic of Iran imposed a new equation by striking Israeli military targets in response to the bombing of southern Beirut, it did so with a carefully calibrated plan that continued after the initial 15-hour missile exchange. That is being done through the implementation of Yemen’s blockade in the Red Sea.
What has effectively just occurred is the re-imposition of the blockade in support of the Gaza Strip, which was in place until October 8, 2025. Originally, the closure of the consequential sea route – that passes through the Bab al-Mandab Strait and leads up to the Egyptian Suez Canal – was imposed on the Israelis alone. That was before the US and its European allies decided to launch naval campaigns in support of Tel Aviv.
In December of 2023, the US Biden administration launched the failed “Operation Prosperity Guardian”, which cost the American taxpayer roughly $600 million per month alone. Periodically, the intensity of the operations would increase, bringing on greater costs, yet the efforts were just an enormous waste of funds, achieving precisely nothing. During this period, Israel’s Eilat Port went bankrupt and economic strain destroyed countless Israeli businesses.
Fast forward to March of 2025, US President Donald Trump decided to step things up a notch and initiated “Operation Rough Rider” against Yemen. The Trump administration pledged to destroy Ansarallah, using B-2 Bombers to target sites believed to be storing missiles and drones – which failed to properly penetrate the bases. In the first three weeks alone, the US had spent a minimum of over $1 billion on the embarrassing operation, which was solely launched for Israeli interests. By the end of it, including equipment losses/damage, the cost was in the billions.
Yemen’s Ansarallah established an equation whereby they could strike Tel Aviv with ballistic missiles and drones, while maintaining the blockade, even preventing US ships from passing following their intervention, with the only response being airstrikes on civilian targets.
Due to a clear lack of intelligence information on the ground inside Yemen, Israel’s occasional strikes on Yemen eventually became too much of a logistical nightmare to continuously conduct. They had to accept that there was no way to stop the Yemeni Armed Forces.
Following the US-Israeli attack on Iran on February 28, Ansarallah was expected to play a much larger role in the conflict than it did, only firing a handful of missiles towards Israeli targets. Tel Aviv didn’t even respond to these attacks, as they were overburdened already with fighting both Iran and Hezbollah simultaneously.
It could be argued that the Yemen card was never truly played during the hot war itself. Now that card is on the table. The Strait of Hormuz has been on lockdown since the start of March, the economic fallout of which has not yet been truly felt, but is beginning to take effect. Through Ansarallah’s new step, reimposing its blockade on Israeli shipping, another lever has been turned.
If the war continues escalating, it will be simple for Ansarallah to completely close the Bab al-Mandab Strait, meaning that all trade will have to be conducted without the Suez Canal. In order for cargo to reach Europe, it will have to go all the way around the African continent instead. This will mean economic devastation if the situation is not quickly reversed.
What is perhaps the most troubling part for the US Trump administration and its allies is that there is absolutely nothing they can do about it militarily. On top of this, the entire world will be feeling the effects of a war launched entirely for Israeli interests, with no real game plan at all, and all because the man in the White House couldn’t summon the strength to tell the Israelis: No!
– Robert Inlakesh is a journalist, writer, and documentary filmmaker. He focuses on the Middle East, specializing in Palestine.
Ukraine must compensate Germany for blowing up Nord Stream – AfD co-leader
RT | June 9, 2026
Ukraine should compensate Germany for the 2022 sabotage of the Nord Stream gas pipelines, the co-leader of the right-wing party Alternative for Germany (AfD), Alice Weidel, has said.
German investigators have attributed the explosions, which crippled the pipelines built to transport Russian gas to Germany, to a small group of Ukrainian operatives. The alleged ringleader was extradited to Germany from Italy last autumn.
Moscow has repeatedly questioned Berlin’s account of the attack, arguing that such a sophisticated operation could not have been carried out by a handful of divers in NATO-monitored waters without state backing.
Speaking at a party event on Tuesday, Weidel rejected German Chancellor Friedrich Merz’s proposal to grant Ukraine associate membership in the European Union, describing the country as a “bottomless pit” that is already heavily reliant on foreign financial assistance.
“Germany has already transferred more than €100 billion to Ukraine over the past four years alone,” she said.
Weidel argued that Kiev should first explain its role in the Nord Stream sabotage.
“We need to know how this state-terrorist act against the most important infrastructure we had, namely the Nord Stream pipelines, came about and what role Ukraine played in it,” she said.
“The flow of payments should actually be moving in the opposite direction. Ukraine must pay reparations to the Federal Republic of Germany, because we have suffered enormous damage – and so has Europe as a whole – from the loss of cheap Russian fossil fuels,” Weidel added.
The AfD co-leader also called for an immediate halt to German military and financial assistance to Ukraine, urging Berlin to focus instead on facilitating negotiations between Kiev and Moscow and restoring dialogue with Russia.
According to several recent opinion polls, the AfD is currently Germany’s most popular political party. An INSA survey published by Bild on Saturday put support for the party at 29%, while 77% of respondents said they were dissatisfied with Chancellor Merz’s performance – the worst rating of his tenure, according to the newspaper.
US Leads Nuclear Spending Surge as Global Arsenal Costs Hit Record $119 Billion
Sputnik – 09.06.2026
The US heads a record rise in nuclear arsenal spending, accounting alone for $69.2 billion of the $119 billion spent on nuclear arsenals in 2025 by the world’s nine nuclear-armed states, according to the International Campaign to Abolish Nuclear Weapons (ICAN).
The total represents a 19% increase from 2024, the highest level since ICAN began tracking spending of Russia, China, the US, France, the UK, India, Pakistan, North Korea, and Israel in 2020.
Other major increases included:
- China: 7% increase to $13.5 billion
- United Kingdom: 17% increase to $12.6 billion
- Russia: 6% increase to $9.5 billion
Screwed again: small investors to bail out billionaires from SpaceX, OpenAI, and Anthropic
Inside China Business | June 6, 2026
• Investor alert: Chinese AI is booming in … • The AI industry in the US is doomed. Now … Iran to deepen ties with ‘principal strategic partner’ China: Ghalibaf
Beijing and Tehran have significantly expanded their strategic cooperation since the start of the US-Israeli war on Iran
The Cradle | June 3, 2026
Iranian Parliament Speaker and special representative for China affairs, Mohammad Bagher Ghalibaf, held the first joint meeting with key economic officials on 3 June to align Tehran’s economic strategy toward Beijing.
The session in Tehran included the ministers of economy, oil, and industry, alongside the central bank governor and the head of the Plan and Budget Organization.
The assembly focused on establishing a unified government approach to elevate bilateral relations and coordinate the administration’s economic priorities. During the proceedings, officials evaluated China’s economic conduct amid the US-Israeli war on Iran and the closure of the Strait of Hormuz to the US and Israel.
Participants agreed to submit formal proposals to Ghalibaf to resolve outstanding challenges and deepen cooperation.
This coordination effort supports a developing strategy to position China as Iran’s “principal strategic partner” while expanding collaboration on regional and international issues.
Roughly 30 China-linked vessels crossed the Strait of Hormuz in a single day in mid-May under the supervision of Iran’s Islamic Revolutionary Guard Corps (IRGC) Navy.
These transits follow a “management protocol” established after Iran restricted the waterway to US and Israeli-linked vessels in February.
While the strait remains largely closed, passage is permitted for commercial ships that comply with Iranian naval procedures and utilize designated corridors
In parallel, since the illegal US blockade on Iranian ports was implemented in April, Iran has tripled its rail exports of oil and liquefied petroleum gas (LPG) to China in an effort to bypass the economic stranglehold.
Freight trains on the 10,400-kilometer corridor now depart every three to four days, a significant increase from the previous weekly schedule, and halve traditional sea transit times to roughly 15 days.
Despite this, rail capacity remains a modest alternative to maritime shipping; one train carries 60,000 to 70,000 barrels of oil, while large tankers can transport upwards of 2 million barrels.
The Iran War has destroyed fertilizer markets and farmers everywhere, almost
Inside China Business | June 2, 2026
The War on Iran has left hundreds of thousands of tons of fertilizers stranded in the Persian Gulf, and destroyed years of forward natural gas production. Fertilizer supplies are collapsing, with billions of dollars’ worth of contracts to farmers voided. China enacted export curbs on fertilizers and upstream products in the opening days of the war, to ensure domestic farm production was not impacted.
Bonus video:
Resources and links:
- Chuck Grassley Leads Senate Judiciary Committee In Hearing On Fertilizer Industry Competition • Chuck Grassley Leads Senate Judiciary Comm…
- Iran War fallout: Russia and China quietly take over natural gas markets in Asia, with Qatar gone • Iran War fallout: Russia and China quietl…
- Farm Action
/ 1325465483043964
Hungarian PM Magyar claims that he has obtained billions in EU funds, but what strings are attached?
Orbán is skeptical, writing: “Free cheese is only in the mousetrap”
Remix News | June 1, 2026
Hungarian Prime Minister Péter Magyar recently traveled to Brussels to discuss the country’s frozen EU funds, which have reportedly been withheld illegally up until now. Despite Magyar’s claims that the money would be released simply in return for fighting corruption, various media outlets are reporting there is much more to the deal than that, including indications that Hungary will have to implement the EU’s demand for migrant quotas under the Migrant Pact one way or another.
“Based on today’s meeting, €16.4 billion euros have been unlocked,” the Hungarian prime minister told the press after Friday’s meeting. However, that is also not true, as there are still many conditions the country must meet before the money is made available.
Officials from the EU commission were far more cautious with their description of the deal, saying the broad strokes of the deal had been determined, but conditions must still be met.
“We haven’t agreed to disburse the funds,” a senior commission official told Politico. “We’ve agreed on a list of commitments which, if completed by Aug. 31, will trigger the payment of those funds.”
In addition, inquiries made by journalists yielded no official details regarding the specific terms of the pact.
The announcement has sparked widespread curiosity regarding the concessions made by the Hungarian government, given that EU officials previously stated funds would only be released following specific structural reforms.
In fact, after the deal was announced, former Hungarian Prime Minister Viktor Orbán publicly demanded transparency from Magyar regarding the negotiations.
“We call on the Prime Minister to immediately publish the details of the von der Leyen-Péter Magyar pact. What did he sell to Brussels for Hungarian interests? Free cheese is only in the mousetrap,” Orbán wrote in his post.
German media outlet Tichys Einblick appears to be highly skeptical about the deal, which discussed the questions posed by journalists after the deal was allegedly reached.
“The very second question [from journalists] concerned migration policy: Will Hungary implement the Migration Pact? Ursula von der Leyen was the first to reply: Of course, people had talked about the migration pact, it was an agreement that affected and bound all Member States equally, and there had been discussion about how to get Hungary to implement this pact too. It took her a minute to answer that.
Then came Péter Magyar, who began by saying that he too would now answer ‘briefly.’ It took him five times longer than the President of the Commission, of course, and he squirmed around a clear answer. With remarkable verbal slalom technique, he explained that the migration pact was not a big deal, that it did not mean allowing migrants into the country, that one could also contribute in other ways, such as with money or contributions to border protection. (The EU had never accepted that Orbán’s border fence was Hungary’s contribution to European migration policy).
The migration pact, Magyar continued, came about in Orbán’s time, thanks to Orbán, so to speak. In summary: The migration pact is not bad, insofar as it is bad, that is Orbán’s fault, and Hungary… Well, you had to read between the lines for that, but it was actually clear from the combined statements of the two: The Magyar government will implement the migration pact in one way or another.”
While Magyar is claiming the sole condition for securing the over €16 billion was simply stamping out corruption, clearly there could be other conditions attached.
During the press conference, Ursula von der Leyen commended the swift formation of the new Hungarian government and its proactive approach, indicating a willingness to maintain this momentum in future consultations.
Questions were also raised concerning the rule of law, an area where the commission has historically demanded strict compliance before releasing frozen assets. This financial issue remains politically sensitive for the leadership in Brussels. Von der Leyen previously faced intense criticism for her handling of Poland, where funds were released to the former right-wing government before required reforms were fully executed. Furthermore, Hungary is operating under a compressed timeframe to secure the capital.
Time constraints are also a pressing factor for Ursula von der Leyen, who faces domestic political risks and previous votes of no confidence. The broader rise of the European right wing, fueled by dissatisfaction with centralized EU bureaucracy, intensifies the pressure. Any perceived mishandling or bureaucratic delay in delivering the agreed funds could draw heavy criticism from both the left and an electorate increasingly fatigued by centralized governance.
Consequently, the Commission President must balance projecting a firm stance on institutional expectations to her political base while supporting the new Hungarian prime minister, whom she visibly favors. This urgency, however, introduces systemic risks. The European Commission was asked if a rushed implementation of reforms might precipitate a constitutional crisis, mirroring events in Poland where Prime Minister Donald Tusk utilized legally questionable measures to consolidate power and disable opponents. At the time of publication, the chief spokesperson for the European Commission had not provided a response to these inquiries to Hungarian news outlet Magyar Nemzet.
Persian Gulf Strait Authority says it processed 300+ transit requests since May
Press TV – June 1, 2026
More than 300 non-Iranian vessels, mostly oil tankers, have submitted their information to secure a safe passage permit from the Persian Gulf Strait Authority (PGSA) since the entity began its operations in early May, the PGSA announced in a post on X on Tuesday.
The majority of these requests came from outbound ships, which accounted for 77 percent of the total applications. Inbound ships made up the remaining 23 percent.
The PGSA noted that the primary destinations for outbound vessels have been Asian countries, particularly China and India, while the main destination for inbound ships has been the United Arab Emirates.
Iran established the PGSA following the imposition of its sovereign regulatory framework for maritime traffic through the Strait of Hormuz, a strategic waterway linking the Persian Gulf to the Gulf of Oman.
According to the PGSA, the authority does not have the power to issue permits for ships from hostile countries.
The move comes as Washington has attempted to prevent Iran from exercising its sovereign rights in the strait.
On May 27, the US Treasury’s Office of Foreign Assets Control (OFAC) sanctioned the PGSA, accusing the body of funnelling revenue from a toll system to the IRGC.
The PGSA has dismissed the sanctions as an extension of Washington’s “failed” attempts to dominate the waterway, stating that it “considers being sanctioned by a country whose president boasts about piracy to be a sign of its positive performance”.
Bulgaria facing EU punishment months after joining eurozone
RT | May 30, 2026
Bulgaria is facing EU sanctions due to an excessive budget deficit, just months after joining the eurozone, Prime Minister Rumen Radev has said. He claimed that the crisis was caused by the previous pro-EU government, which massaged economic numbers to narrowly pass the threshold to join the eurozone in the first place.
Speaking at a cabinet meeting in Sofia on Friday, Radev, who is widely regarded as an EU skeptic, said that the European Commission would publish its formal report on the country’s fiscal situation on June 3, thus launching the so-called excessive deficit procedure.
Under the procedure, Sofia must bring spending from last year’s 3.5% back below the 3% ceiling by putting a binding cap on the budget deficit. If Bulgaria fails, the EU can freeze funding and go as far as to impose fines of up to 0.05% of GDP every six months on the Balkan country.
Radev blamed the situation on a “difficult legacy” stemming from “negligence, incompetence, voluntarism, populism, and financial misconduct” by the previous center-right and pro-EU Zhelyazkov government, which collapsed in December 2025 following mass anti-corruption protests.
The prime minister also predicted that “this year, the deficit will be even larger” than 3.5%. The European Commission forecasts that the deficit will hit 4.1% of GDP this year, rising to 4.3% in 2027.
“They [the previous government] lied to push Bulgaria into the euro… The bubble has burst,” he said of the budget deficit.
Bulgaria joined the eurozone on January 1, 2026, after barely meeting the criteria, especially in terms of inflation, which was the greatest hurdle. Proponents of the push sought to lock Bulgaria on the pro-West and pro-EU path, with practical monetary consequences deemed minimal as the Bulgarian lev had been pegged to the euro for decades.
However, critics have argued that the Zhelyazkov coalition – which supported eurozone membership – projected an unrealistic revenue growth, with potential to balloon the budget deficit.
A Politico report in 2025 also drew attention to a sudden and “mysterious” 82.8% cut in state-set daily hospital fees in April – a move that helped lower Bulgaria’s 12-month average inflation. At the time, an unnamed former local official told the paper that “the only reason Bulgaria has qualified is… due to state-administered prices.” According to Politico, the previous government also cut inflation by slashing rail fares by over 9%.
Radev – who has advocated for more pragmatic ties with Russia and consistently opposed military aid to Ukraine – was not against the eurozone per se, but insisted that such a decision could be made only on a public referendum.
However, the parliament blocked his request, with critics accusing him of trying to sabotage the process. Radev himself said that Bulgarian citizens were being ignored by an elite “marching toward the eurozone” and that “the representatives of the people denied the people their right to choose.”
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Book Review
New book reveals how the Israel lobby destroyed US diplomacy with Iran
Eli Clifton and Ian Lustick Reveal How The Israel Lobby Paved The Way For A U.S. War On Iran
By Justin K.P. | The Dissident | August 11, 2026
Investigative journalist Eli Clifton and political scientist Ian Lustick have released a detailed history of the Israel lobby’s influence on U.S. foreign policy titled “Israel’s Lobby: America in the Grip of a Foreign Power”.
The book contains a detailed history of the Israel lobby’s influence over various U.S. administrations going back to its creation.
Among the book’s most interesting revelations is how the Israel Lobby pushed anti-Iran propaganda in the United States in order to destroy U.S. diplomacy with Iran. … continue
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