Mario Nawfal

🇺🇸🇮🇷🇪🇺 The next Iran escalation could trigger a financial crisis in Europe. I spoke with economist Philip Pilkington about what another major round of U.S. strikes on Iran could mean for the global economy. His concern isn't just oil reaching $120 or $125 a barrel. It's what happens when that shock hits countries already struggling with debt, inflation and rising borrowing costs. Philip believes France could eventually need an ECB bailout, with Britain potentially next. And he fears the fallout could spread into U.S. Treasury markets. But I challenged him on something. Foreign holdings of American debt are actually rising, despite China and Japan selling. Doesn't that suggest investors still trust U.S. Treasuries? Philip thinks that confidence could disappear quickly if European governments are forced to sell assets to defend their own economies. He also suspects gold is replacing Treasuries as the ultimate safe haven, although he acknowledged that hasn't been proven. What worries me is how little room governments seem to have left for another major shock. A war that starts in the Gulf could end up testing the financial foundations of Europe and America. @philippilk

🇺🇸🇮🇷 Republican Senator Roger Marshall just admitted what's hurting his campaign, and he didn't even hesitate. Fox News asked whether it was Iran, gasoline, diesel, or all three. Marshall went straight to fuel prices. “It is the cost of gasoline and the cost of diesel. No doubt about it.” That's a pretty revealing answer. Voters might support a tough foreign policy, but they're still the ones filling up their cars and paying more for everything delivered by truck. The war is thousands of miles away. The bill though shows up at the nearest gas station. Writer: Oliver t.co/d7sxZuIr5q

🇿🇦 This South African dad turned a carjacking into the worst day of the gang's lives His car got boxed in right outside his home, one guy put a gun to his son's head at the gate and another started shooting at him. So he pulled his own gun and fired straight back from the driver's seat. All 3 attackers reportedly ended up dead. Wrong family, wrong dad, wrong day. Somebody give this man a medal. Writer: Daniyal t.co/nES39xTJSL

🇺🇦🇪🇺🇺🇸 Europe has missile agreements with Ukraine, but Washington still holds the FINAL SAY on whether those weapons can be delivered. Zelensky says his agreements with European countries remain in place, yet the missiles cannot be transferred without American approval. “I have agreements with the Europeans, and those agreements remain in place. But the Europeans can only transfer the missiles when the American side approves it.” So even with European commitments on the table, Ukraine is still waiting for a green light from the US. Writer: Sol t.co/zwzUXUo2Ho

🇷🇺🇪🇺 Retired Royal Navy Commondore Steve Jermy puts the risk of a NATO-Russia war at roughly 50/50. His concern: Europe is helping enable long-range strikes on Russian infrastructure, while Moscow has openly warned it may respond in kind. He also thinks Europe is badly exposed if that happens. “We do not have the capabilities to defend ourselves against hypersonic or ballistic missile attacks.” Jermy’s fear is that one retaliatory strike on a missile or drone facility in Britain, France or Germany could turn the proxy war into something much more direct.

🇷🇺🇺🇦 Putin says the land Ukraine has lost isn’t really Ukraine’s at all “They are historically Russian lands.” Hard to see the peace talks going smoothly when one side says the land was never the other side’s to begin with. Writer: Daniyal t.co/t0eFnkbBuz

🇻🇪🇶🇦🇺🇸 Venezuela may borrow from Qatar just so it can start borrowing again Venezuela owes the Inter-American Development Bank, Latin America’s big lender, over $2 billion, and the bank cut it off in 2018 over it. With U.S. support, Venezuela is reportedly eyeing a short-term Qatari loan to clear that debt, so the bank can lend again and part of that new money can repay Qatar. The country badly needs cash to fix its blackout-hit power grid, and since the U.S. captured Maduro in January, international lenders have been coming back, with the World Bank alone considering up to $5 billion over 2 years. So basically it’s a loan to pay a loan to get a loan, but for a country that’s been in default for nearly a decade, that might be the only way back in. Source: Reuters / Writer: Daniyal

🇮🇷 Retired Royal Navy Commodore Steve Jermy: Iran’s missile threat is being underestimated. His specifically looks at interception. He says ballistic missiles are already difficult targets, while hypersonic missiles are far harder to stop. Then comes the saturation problem. 50 or 100 incoming missiles can overwhelm defenders simply by forcing too many decisions too quickly. Jermy fought under missile attack in the Falklands. His conclusion: The West still has a serious gap in missile defense, and he doesn’t think it gets fixed anytime soon.

🚨 OIL JUST EXPLODED TO $114 A BARREL AFTER FRESH HOUTHI ATTACKS Brent crude has surged 4%, with attacks on Saudi energy infrastructure sending another shock through oil markets. And this is becoming a vicious cycle. Saudi facilities are under attack. Shipping through the Strait of Hormuz remains disrupted. Energy supply routes are increasingly vulnerable. Meanwhile, expensive oil is feeding directly into diesel, transportation, food prices and inflation worldwide. Central banks are now facing a miserable choice: keep interest rates high to fight inflation or ease borrowing costs to protect weakening economies. A few drones hitting critical oil infrastructure can send prices soaring across the planet. And millions of people who have absolutely nothing to do with this war end up paying for it. Source: The Times / Writer: Oliver

🇷🇺🇺🇦🇺🇸 Putin says Russia, Ukraine and the U.S. could soon be back at the same table “We agreed that we are ready to resume our trilateral contacts.” The talks would be about keeping both Ukraine and Russia secure once peace deals are actually reached. Planning security for after the peace deal sounds great, they just need the peace deal first. Writer: Daniyal t.co/vExu0gusuL

🇫🇷 WHO DID THIS 🤣 Writer: Sol t.co/UBxeDYdBWN

🇺🇸🇮🇷 Steve Jermy thinks Washington has a basic military problem with Iran: Airpower alone may not be enough, but putting troops on the ground could be even worse. As a former air-defense destroyer commander, he argues Iranian drones and missiles make Gulf staging areas and amphibious forces dangerously vulnerable. And if the U.S. hits Iran’s energy infrastructure, he expects retaliation against Gulf infrastructure, Israel and American bases. His estimate for American success? “No better than 10%.”

🇷🇺🇺🇦 Putin says Russia can agree to a Ukraine deal, and he’s fine if it doesn’t happen “If someone wants otherwise, fine, it will be otherwise.” Either way, he said, Russia will finish what it started and hit every goal of what Moscow calls its “special military operation.” Russia has agreed to lower-level talks next month, so we’ll soon find out which version of “otherwise” we get. Writer: Daniyal t.co/XfQExT5vti

🇺🇲 Welcome to the GULF OF ’MERICA 💪 The grill is hot, the beer is cold, and Starlink’s satellites can get you the game 🏈 Writer: Marie t.co/mC0SAOl8IK

🇷🇺🇺🇦 Putin is blaming Ukraine for the war, claiming Moscow tried to negotiate a settlement YEARS before Russia's full-scale invasion. He argues that back in 2014, Russia offered to help Kyiv reach an agreement with the separatist southeast, but Ukrainian authorities responded with artillery and aircraft against civilians. “They practically unleashed a war.” Putin also claims Kyiv refused to compromise under the Minsk agreements, insisting Russia had pushed for negotiations from the beginning. Writer: Sol t.co/Vj5SiaLCXB

🇸🇦🇾🇪 The IMF says Houthi attacks are barely denting Saudi Arabia’s economy so far Iran’s blockade of Hormuz and the Houthis’ own sea blockade have squeezed Saudi oil exports, but ships are still getting through. The IMF’s Middle East chief says strong spending at home and a big public sector are keeping the damage “limited.” The whole region is still feeling it. Every Gulf country except Oman, Saudi Arabia included, is producing less oil and gas this year, and the region’s economy is set to shrink by 4.8%. The IMF does expect a big bounce back of around 9% next year, but with U.S.-Iran talks stuck, there’s still a lot that could go wrong. With Houthi strikes still hitting places like Riyadh’s airport this month, how long “limited” stays limited is the real question. Source: AFP / Writer: Daniyal

🇺🇸 Rhode Island just became the first U.S. state to sue Meta over scam ads The state says Meta raked in big money from fake ads on Facebook, Instagram and WhatsApp, all while telling people it was keeping them safe. It even says Meta’s own AI tools helped scammers make their ads look better, and that when Meta suspected someone was a fraudster, it sometimes just charged them extra instead of kicking them off. Older folks got hit the most, with ads like one claiming it could reverse Alzheimer’s in 45 days, which had over 2,000 versions active. Meta says the lawsuit is “unfounded” and that it pulled down more than 159 million scam ads in the past year. And the timing couldn’t be worse, since just a day earlier a judge told Meta to pay New Mexico $25 billion in a separate privacy case. Meta’s been having a rough year in court, and this time a state is going straight after the ad money. Source: Reuters / Writer: Daniyal

🇮🇹 ITALY IS FED UP: Crowds have taken over a highway near Naples, waving Italian flags as protests over soaring fuel prices and living costs spread across southern Italy. Truckers, farmers, fishermen, and families are joining forces as the economic fallout gets ugly: EMPTY supermarket shelves, disrupted food deliveries, and millions in losses for producers. Meloni's government has approved emergency fuel relief, and some blockades are being lifted. But the frustration on Italy's streets keeps spreading. Writer: Sol t.co/H5uAwIgOFh

🇫🇷 A LIVESTOCK VIRUS just crossed INTO HUMANS for the first known time France says a severely immunocompromised man infected with Shamonda virus later died after likely being bitten by an infected midge. The virus has been spreading through European cattle this year. The WHO says this still looks like an isolated case, with no evidence of human-to-human transmission. But “first known human infection” is the kind of sentence everyone tends to remember. Source: Reuters / Writer: Oliver

🇮🇷🇺🇸 Iran has apparently decided to put Trump in JAIL, at least for the cameras. A bizarre art installation in Tehran's busy Tajrish Square features an actor dressed as Trump. You can see the fake president looking rather miserable as people watch the spectacle unfold. Iranians are trolling on another level 🤣 Writer: Sol t.co/bGIJtNxcV2

🇷🇺🇺🇸🇺🇦 The Kremlin says it’s still thinking about Trump’s invite for Putin to come to Miami The U.S. invited Putin to December’s G20, the yearly meeting of the world’s biggest economies, which this time is being held at Trump’s own golf club near Miami. Moscow says no decision has been made yet. Putin hasn’t been to a G20 in person since 2019, though he joined one by video in 2023. Zelensky has floated the summit as a chance for a U.S., Russia and Ukraine meeting, but neither Moscow nor Washington has confirmed that. Ending a war at a golf resort would be strange, but this year has been full of strange. Source: Times of India / Writer: Daniyal

🇮🇷🇾🇪 Robert Pape thinks the next phase of the Iran war could make civilian aviation part of the battlefield. His concern is that once civilian-targeting thresholds start breaking down, airports and commercial aircraft become much harder to treat as safely outside the war. He even thinks airliners could be deliberately targeted by Iran, the Houthis, or inspired attackers. That’s why Pape says people in Gulf states need backup evacuation plans. His warning is blunt: You may not know the airspace has become unsafe until a plane actually comes down. @ProfessorPape

🇺🇦🇷🇺🇺🇸 Zelensky has a message for anyone thinking of going easy on Russia “If you give something to Putin, he will want everything.” He’s against lifting any sanctions and says he’s made that clear to his European partners and the U.S. administration. Trump’s new diesel deal with Russia probably isn’t his favorite thing right now. Writer: Daniyal t.co/7eR6yvycgA

🇪🇺🇷🇺 War between NATO and Russia is now close to a coin toss. I spoke with retired Commodore Steve Jermy, who commanded an air-defence destroyer, about the growing military buildup around Iran. His assessment was grim. He gives America no better than a 10% chance of military success, arguing that Iranian missile attacks make a ground operation extraordinarily dangerous. But what really struck me was his warning about Europe. Jermy puts the risk of a direct NATO-Russia conflict at roughly 40–50%. He fears Moscow could eventually retaliate against European facilities supporting Ukrainian long-range strikes. And he believes Europe is dangerously unprepared for that possibility, particularly when it comes to missile defence and energy infrastructure. I asked whether NATO could simply strike back. His answer was that Russia has greater strategic depth, more missiles and years of experience defending against Western weapons. These are his assessments, not certainties. But the implications are serious. We're discussing another major war with Iran while a former British naval commander is warning that Europe could be dragged into a direct confrontation with Russia. And his biggest concern is that ordinary people have barely been told what that confrontation could actually look like.

🇷🇺🇺🇲 Putin reportedly offered the U.S. MORE Russian fertilizer as AMERICAN FARMERS STRUGGLE Moscow is pitching a fertilizer export expansion to help U.S. famers as they face soaring costs. The offer comes as the first Russian diesel tanker prepares to sail for the States. It’s another move in Putin’s broader strategy of using trade to advance the Kremlin’s agenda. Source: Vzglyad / Writer: Marie

🇺🇸🇮🇷 Robert Pape says the “3-day” Iran strike plan could be dangerously misleading. He compares it to Instant Thunder, the 1991 plan meant to cripple Saddam’s command structure in days. It lasted 43. Pape thinks U.S. intelligence may now be mapping Iran’s command network for the same kind of decapitation campaign. His warning: A 3-day plan can become a multi-week war very quickly. And the Gulf states would likely absorb the first retaliation. @ProfessorPape

🇫🇷 France is losing control, and Marine Le Pen believes the government is entering its FINAL DAYS. She paints a grim picture of a state that can no longer maintain order, anticipate crises, or even exercise basic control. “I have the feeling that we are facing a state that is collapsing.” Writer: Sol t.co/aMP8EQfhAs

🇺🇸🇮🇷 Robert Pape thinks the most dangerous window with Iran may come after November 3. His logic is simple: Before the election, Trump still has something to lose. After it, especially if Democrats take Congress, that restraint may disappear. “He has nothing to lose after November 3rd.” Pape thinks that could make escalation abroad politically easier just as Trump’s power at home starts shrinking. That’s the risk. A president with fewer political chips left may be more willing to gamble with the ones he still has. @ProfessorPape

🇷🇸 Serbia’s students marched across the country to Belgrade for one last push before Sunday’s election Crowds greeted them last night with fireworks, flags and a red carpet, ahead of their final rally today. It started in November 2024, when a station canopy collapsed in Novi Sad and killed 16 people, and nearly 2 years of protests later it’s a full movement against corruption and Serbia’s longtime leader, Aleksandar Vucic. Now the students are on the ballot, and some polls say they could take a real bite out of Vucic’s party, in power since 2012. Vucic even quit as president last month to run for prime minister. They’ve filled the streets for nearly 2 years, and Sunday will show whether they can fill the ballot boxes too. Source: IntelliNews / Writer: Daniyal

🇮🇷🇺🇸 IRAN's Parliament Speaker has watched The Matrix and decided to become the Pentagon's financial NIGHTMARE Mohammad Bagher Ghalibaf just posted Morpheus offering America ten pills. Stocks down. Mortgages up. Gas up. Diesel up. Debt up. Real wages down... And the message? “No red, no blue. All soot.” He's essentially telling Washington that every path through this war leads to economic trouble. Brilliant delivery. Writer: Oliver