Tag: iran

Iranian Opposition News Outlet Got $800 Million In Debt Relief: Report

An $870m debt-relief deal suggests that Iran International, an Iranian opposition outlet, has ties to Saudi Arabian investors, according to a Financial Times report on Thursday. The links stem from documents related to a debt-for-equity swap that Iran International conducted in December to shore up its finances. Iran International has spent hundreds of millions of dollars since its founding in 2017 by British-Saudi investors, the FT reported.

According to the report, Iran International’s parent company, Volant Media UK, has lost more than $550m over the past five years, and it owes related entities about $645m. Those numbers came from documents that the FT reported as covering the financial year ending December 2024.

Iran International says it is the “most popular Persian speaking foreign based news channel in Iran”.It employs 700 people and broadcasts into Iran from London via satellite, radio and social media outlets.

Iran International has been accused by critics of promoting “regime change” in Iran and advancing the position of the former shah’s son, Reza Pahlavi, for a return to power. The outlet has long denied links to Israel or Saudi Arabia.

Iran International reported heavily on protests that struck Iran at the beginning of this year, sparked by a cost-of-living crisis brought on, in part, by US sanctions.

In January 2025, the news site reported that more than 36,500 people were killed in a crackdown on protests. Those numbers were significantly higher than those estimated by the US and other western-based human rights groups.

US President Donald Trump cited casualty numbers similar to those reported by Iran International days before launching a war on Iran on February 28, but did not disclose where he had gotten the death toll number.

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Pax Silica, the Gaza genocide, and the crisis of global capitalism

The U.S.-Israeli war on Iran has for the moment turned international attention away from Gaza as Israel moves from high- to low-intensity genocide.  The genocide may be the horrific culmination of 75-plus years of Zionist settler colonialism, occupation, and apartheid, but in order to make sense of it we must analyze the radical transformations that have taken place in the Middle Eastern and global political economy in recent decades.

The impulse to genocide has always been built into the Zionist project. But that impulse has been activated by the epochal crisis of global capitalism. The Al Aqsa Flood attack of October 2023 furnished Israel with the historic opportunity for which they had been waiting for decades.  If the Zionists are still in pursuit of their elusive Eretz Israel, the United States has been heading up a much more expansive project, one that places Gaza in the very center of global capitalism and its epochal crisis.  In the game plan of the Washington-Tel Aviv axis, Gaza is now to become an experimental field for a new and deadlier phase of global capitalism.  It is this larger picture that we want to lay out in this article.

The contemporary crisis of global capitalism is multidimensional. Structurally it is a crisis of overaccumulation, which refers to a situation in which enormous amounts of capital (profits) are built up but this capital cannot find productive outlets for reinvestment.  This overaccumulation crisis generates intense pressure for expansion as transnational capitalists undertake a predatory search for where to unload massive amounts of surplus capital and open up new spaces for profit-making.  This violent expansion involves the seizure of markets and resources around the world through war, displacement, and repression.  The U.S. state and beyond it, what we will call Global Trumpism, is its out-of-control instrument in this expansionary wave.  At the core of Global Trumpism is the Washington-Tel Aviv axis.

The larger backdrop to the Israeli genocide is the transnational integration of capital over the past half century and the radical restructuring of global class relations and power blocs that capitalist globalization has brought about. Globalization in West Asia region began in the 1980s and accelerated with the 2003 U.S. invasion and occupation of Iraq that followed the establishment in 1997 of the Middle East Free Trade Area (MEFTA) and a host of related bilateral and multilateral regional and extra-regional free trade agreements, structural adjustment programs and IMF-supervised austerity.

This integration unleashed a cascade of transnational corporate and financial investment in finance, energy, high-tech, construction, infrastructure, luxury consumption, tourism and other services.  It brought Gulf capital, including trillions of dollars in sovereign wealth funds, together with capital from all around the world, involving the EU, North and Latin America, and Asia, inextricably enmeshing them all in emerging global circuits of accumulation.  In this way, nationally-oriented Arab bourgeoisies transmorphed into transnationally-oriented bourgeoisies as the entire region became incorporated into the globally-integrated production, financial, and service system that came into being over the past half century.

Israel, far from remaining excluded, integrated into these expanding regional and transnational capitalist networks on the heels of the Oslo “peace” accords, signed in 1993, as the Israeli and Arab bourgeoisies began to develop common class interests.  In 2020 the UAE and Bahrain, along with Morocco and Sudan, signed the Abraham Accords, joining Egypt and Jordan in normalizing relations with Israeli, an opening that allowed Gulf investment groups to pour billions of dollars into the Israeli economy.  The October 2023 Al Aqsa attack and the subsequent Israeli siege placed further normalization on hold.  The new U.S.-Israeli strategy revolving around the “Board of Peace” (henceforth, Board of Genocide) seeks to bring the Arab and other states in the region back into the Abraham architecture.

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‘We Outright Grabbed The Wallets’: Bessent Boasts $1BN In Iran State Crypto Seized To Date

Washington’s economic war on Iran and its ‘shadow’ banking network continues, as on Friday Treasury Secretary Scott Bessent announced the US has seized $1 billion in Iranian cryptocurrency assets as part of the economic component of President Trump’s Operation Epic Fury.

The billion dollar figure represents the running total seized to date, building on prior milestones in the conflict, particularly a recent major April 2026 freeze of $344 million in USDT on the Tron blockchain. By close of April, $500 million total had been seized.

And so clearly with the addition since then of some half-billion dollars more in seized digital assets, the US Treasury program has only greatly accelerated in the last several weeks.

During his Friday speech before the Reagan National Economic Forum, Bessent stated:

“Just outright grabbed the wallets. Some of them may be typing in right now and might not realize their wallet had been grabbed.”

Assets are held “on behalf of the Iranian people” – he described, while framing that the Iranian government had ‘stolen’ the money from the Iranian populace.

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Does Reporting Bad News About the Iran War Make You a Foreign Agent?

The Trump administration has made no secret of its desire to censor bad news about the Iran war. President Donald Trump even accused journalists of treason during the war. Now the administration has found a specific (if extremely tenuous) legal justification for his claims: the Foreign Agents Registration Act (FARA).

After The Bulwark journalist Tim Miller shared someone else’s paraphrase of an Iranian TV news report about the ceasefire negotiations, the official White House Rapid Response account on X commented that Miller is “starting to take Iranian state media as fact and peddle disinformation on their behalf. Maybe Tim should register under FARA for being an agent of a foreign country.”

On its face, Miller’s criticism falls far outside of FARA. All he did was comment on a public report. But it wouldn’t be the first time the federal government tried to weaponize FARA against domestic critics.

Passed in 1938 to root out Nazi agents, the law requires anyone conducting political activities “at the order, request, or under the direction or control” of a foreign power to register publicly or face jail time or fines.

In 1951, the Department of Justice tried to prosecute civil rights activist W.E.B. Du Bois under FARA for republishing an international communist-led petition against nuclear weapons. A judge threw out the case after prosecutors failed to present evidence of any concrete Soviet ties. Since then, the government has mostly used FARA to prosecute foreign spies short of the Espionage Act, to add another layer of red tape to foreign lobbying, and to throw the book at corruption schemes involving foreigners.

Still, the law is “strikingly sweeping, capturing much other conduct that most people would not think should be registrable,” according to a 2022 article in Just Security, which recommended narrowing the foreign-agent law to avoid abuse. The Department of Justice once required an American church to register as a foreign agent for bringing foreign congregants to the March for Life rally in Washington, D.C. Until 2024, the department also considered paid tourism promoters foreign agents.

The first Trump administration pushed Russian, Chinese, and Qatari news outlets to register as foreign agents. The nonprofit Committee to Protect Journalists accused the Department of Justice of using FARA as a political cudgel and undermining freedom of the press.

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Severity Of America’s Depleted Advanced Weapons Stockpiles Detailed In New Report

During the 39-day war with Iran, the U.S. used so many key offensive and defensive weapons that it will take three or more years to rebuild some of these stocks to pre-war levels, according to a new report from the Center for Strategic and International Studies (CSIS). The report, compiled by Mark F. Cancian and Chris H. Park, highlights concerns we raised long before and during Operation Epic Fury about the rapid expenditure of critical munitions and how that could affect a potential future fight against China. U.S. military leaders have suggested that the People’s Liberation Army (PLA) could be in a position where it would feel confident in launching an invasion of Taiwan by 2027.

The warning light on America’s magazine depth was blinking red long before Epic Fury. The stockpiles, especially of Standard Missile-3s (SM-3) and Terminal High Altitude Area Defense (THAAD) interceptors, were degraded by more than a year of combat in the Red Sea region with the Iranian-backed Houthi rebels and several efforts to defend Israel. U.S. support for Ukraine, meanwhile, drained off supplies of Patriot air defense interceptors. We will address these issues in more detail later in this story. The weapon expenditure figures in the CSIS report only address Epic Fury, not previous U.S. engagements in the Middle East.

The most drastic setback to U.S. inventories involved the use of Tomahawk Land Attack Cruise Missiles (TLAMs) and THAAD and Patriot interceptors, according to CSIS. The think tank derived its expenditure figures from an internal analysis, which TWZ cannot independently verify.

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New American Strikes Target Iranian Military Site That Reportedly Fired Drones at US Cargo Ship

The elusive peace and the ubiquitous clashes.

After the peace negotiations between the US and Iran seemed to be hours away from the signing of a successful peace agreement, disagreements ended up pushing it back into tough negotiations.

So, after a skirmish in the Strait of Hormuz a few days ago, today (27), another exchange of fire involved US and Iranian forces.

Three blasts were heard over the Iranian port city of Bandar Abbas on the Strait of Hormuz, according to Fars News, as air defenses were ‘activated for a few minutes’.

Reuters reported:

“The U.S. military carried out ​new strikes overnight in Iran targeting a military site that ‌officials believed posed a threat to U.S. forces and commercial maritime traffic in the Strait of Hormuz, a ​U.S. official told Reuters on Wednesday.

The official, who spoke ​on condition of anonymity, said the U.S. ⁠military has also intercepted and shot down multiple ​Iranian drones that posed a similar threat.

The U.S. military ​strikes, which have not been previously reported, came during negotiations to end a three-month-old war that has killed thousands and ​sent global energy prices sharply higher since it ​began on February 28 with U.S. and Israeli attacks.”

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Israel Says It Will Not Let Trump Sign A Bad Peace Deal

Israeli ministers Ben Gvir and Bezalel Smotrich gave comments to reporters today on the wars.

Israeli National Security Minister Ben-Gvir:

“We need to cut the electricity in Lebanon.

“If the Lebanese government does not control Hezbollah, then the territory south of the Litani — and even south of the Zahrani — must become a ‘security zone’ for the State of Israel. 

“We need to cut the electricity, destroy the infrastructure, and make clear to them: if there is terrorism, you will suffer.

“In light of the reactions around the world, you can understand one thing: Israel has stopped being the punching bag of the Middle East — and I’m proud of that.

“The policy I lead is not a policy of giving them sandwiches and flowers. That doesn’t help. It doesn’t help. They come again and again and again. They mock us. They call us suckers when we behave the way they expect us to.

“You saw that even the Europeans apparently learned something — surprisingly, it works. The message gets through.

“The Israeli government will not let Trump sign a “bad deal” with Iran.

“I call on Prime Minister Netanyahu: call Trump, go to him, bang on the table in front of him, and make clear that the State of Israel is not willing — not willing to accept this, not willing to tolerate this.”


Israeli Finance Minister Bezalel Smotrich:

“The most effective way to stop Hezbollah is simply to announce that for every drone, 10 buildings in Beirut will be destroyed.

“If there were seven drones, then 70 buildings. If there were 15, then 150.

“And if the buildings in Beirut run out, then we move on to Tyre, Sidon, and the Beqaa Valley.

“We are changing the Middle East. Iran is far weaker today, even if it has not yet collapsed — and that too is a goal we will achieve, with God’s help.

“Look at what Gaza looks like. Look at what Lebanon looks like.

“We are completely changing the equations.

“We are striking our enemies hard — not with one blow, but with 100 blows.

“Have we finished? Not yet.

“The war must end with there being no Hamas in Gaza. Period.

“We are in 60% of the Gaza Strip, and there will be no reconstruction without demilitarization and without completing the mission — the destruction of Hamas.

“I’m convinced Netanyahu — and I take my hat off to him and give him full credit for this — knew how to bring Trump and the United States to stand shoulder to shoulder with Israel against the Iranian threat.

“We have the most supportive administration that has ever been in the White House.  There has never been anything like it.”

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Five Shameless Moments of Iran War Opportunism & Grifting

As the U.S. blockade on the Strait of Hormuz threatens an already tenuous ceasefire between the U.S. and Iran, many at home are looking to profit. Below are five examples of wartime grifters, profiteers, and opportunists absolutely outdoing themselves.

Lockheed Martin CEO: wartime Trump Pentagon a “golden opportunity”

Late last month, Lockheed Martin CEO Jim Taiclet lavished praise on the Trump administration for rolling out the red carpet to the defense industry.

“This is a golden opportunity right now based on who’s in government,” Taiclet told investors during an earnings call. He cited in particular officials’ “willingness to change” and “the demand that they have for what we do and what our partners in our industry do.”

That “demand” of course is war, and the administration has pretty much been in it since Trump’s 2025 inauguration, from supporting Israel in its Gaza and Lebanon operations, firefights with the Houthis, and now Iran. Lockheed has signed billions in contracts with the Pentagon since the beginning of the year, mostly to replenish missiles. Lockheed Martin also has an agreement with the Pentagon to quadruple its production of THAAD interceptors by 2027.

And the U.S. has used many of them both. As the Center for Strategic and International Studies found late last month, the U.S. has burned up over 45% of its Precision Strike Missiles (PrSMs) and roughly half of its THAAD and Patriot missile defense interceptors.

To refill these stocks, the U.S. is mulling a possible Iran war supplemental package — slated to cost an estimated $80 to $100 billion — to replace lost munitions and other military equipment. According to Mike Fredenburg in his reporting for RS in 2024, the U.S. pays way too much for each missile, a lot more than it should for say, a SM-2 missile ($1.2 million-$2 million a piece) or SM-6 (upwards of $5 million each), but since there are only a handful of prime contractors in the business, they can charge whatever they want.

As Stephen Semler, journalist and co-founder of the Security Policy Reform Institute, tells RS, “The interceptor shortage will be addressed in the military-industrial-congressional complex’s favorite way: throw money at the problem.”

Trump’s sons roll in the drone industry dough

Powerus, a drone firm funded by President Trump’s sons, Eric Trump and Donald Trump, Jr., received an Air Force contract for an unspecified number of interceptor drones last week. Bloomberg reported last month that Powerus is also in talks with the United Arab Emirates about a potential sale of drones that can counter Iranian attacks.

In recent months, the Trump brothers have gone all out on defense tech, lining themselves up to profit from the wars their father is waging. Besides Powerus, Eric Trump has invested in Israeli attack drone firm and DoD contractor Xtend, whose drones have seen use in Iran, through a multimillion dollar contract with an unnamed Middle Eastern government. Donald Trump Jr., for his part, backs drone parts startup Unusual Machines and is also a partner at defense- and tech-oriented venture capital (VC) firm 1789 Capital.

Keith Kellogg, Trump’s former special envoy to Ukraine, also joined Powerus as an advisor last month, mere months after leaving his diplomatic post — likewise positioning himself to cash in on his time in government.

Defense-contractor funded think tanker: Iran war is a bargain!

Last week, the Pentagon estimated that the Iran war has cost about $25 billion. Matthew Kroenig, a senior director at the defense contractor-funded Atlantic Council, called the low-ball price tag a “very good value.”

“The entire U.S. defense budget is roughly $1 trillion and designed to deal with China, Russia, North Korea, and Iran,” Kroenig wrote on X. “It only cost 2.5% of the annual defense budget to seriously degrade one of the four.”

But others have to pay for Kroenig’s bargain.

“I’m sure the farmers, trucking companies, and other small businesses that are going belly up because of soaring gas prices won’t be surprised to hear that a war industry funded think tank believes the Iran war is a ‘very good value,’” Ben Freeman, director of the Democratizing Foreign Policy program at the Quincy Institute, told RS.

The total cost of the Iran war has been a point of contention. Critics challenged the Pentagon’s $25 billion estimate; U.S. officials have since told CBS the conflict has cost around $50 billion. Last month, Harvard economist Linda Bilmes predicted taxpayers will pay at least $1 trillion for it in the long term. And none of these estimates include the broader impact of the war on the global economy.

According to the Quincy Institute’s Think Tank Funding Tracker, the Atlantic Council has received nearly $13 million from Pentagon contractors since 2019.

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RINO Ted Cruz Pushes for Prolonged War, Attacks Trump for Seeking Peace Deal

Senator Ted Cruz (R-TX) lashed out at Trump on Saturday as a deal with Iran was being negotiated, suggesting without any knowledge that Trump was caving to Iran. 

Early reports on the deal with Iran suggest that an agreement is near and that Iran is poised to reopen the Strait of Hormuz and abandon its nuclear enrichment program.

Cruz, a potential 2028 presidential contender and longtime cheerleader of the war in Iran, applauded Trump for starting the war but attempted to undermine the efforts to end the war.

Describing himself as “deeply concerned,” Cruz said Trump was making a “disastrous mistake” with a deal that would result in Iran “receiving billions of dollars, being able to enrich uranium & develop nuclear weapons, and having effective control over the Strait of Hormuz.”

Trump, he said, “should continue to hold the line, defend America & enforce the red lines he has repeatedly drawn.”

Likewise, RINO warmonger Lindsey Graham, the world’s biggest proponent of war with Iran, also attacked the notion of making a deal to end the war on Saturday, describing the outcome as “a nightmare for Israel.”

“It makes one wonder why the war started to begin with if these perceptions are accurate,” he ironically said after years of pushing for war.

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Trump says Netanyahu ‘will do whatever I want’ after long phone call with Israeli leader

Donald Trump has said Benjamin Netanyahu will do “whatever I want him to do” after the two leaders held a lengthy phone call over the war in Iran.

In a “dramatic” conversation on Wednesday, the pair are said to have clashed over whether to resume strikes in Iran or give negotiators more time to reach a deal.

The US president had been expected to relaunch military attacks imminently, but called off plans on Wednesday in order to give Tehran a chance to “give the right answers”.

Speaking to Israel’s Channel 12 following the call, Trump said he was in “no hurry” but that the US was prepared to strike if a deal was not agreed.

“Believe me, if we don’t get the right answers, it goes very quickly. We’re all ready to go,” Trump told reporters at Joint Base Andrews. Asked how long he would wait, Trump said: “It could ⁠be a few days, but it could go very quickly.”

Speaking about Netanyahu’s stance on resuming military action, the US president said: “He’s a very good man. He’ll do whatever I want him to do. And he’s a great guy. Don’t forget he was a wartime prime minister.”

When asked if he is on the same page as the Israeli president, Trump replied: “Yeah”.

Both the US and Israel have said they draw a red line at Iran having a nuclear programme. Trump’s other demands include a surrender of the country’s uranium, which he has referred to as “nuclear dust”.

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