This is a look at what is happening behind the scenes as oil surges and gold and silver tumble.
What A Waste
July 8 (King World News) – Peter Schiff: It seems like our goal with the Iran war is to get back to the status quo that existed before we started it, only with higher oil prices. The main difference will be that lives will have been lost, property destroyed, & in the long run, over a trillion dollars borrowed and spent.
Iran War: Who Really Won?
Gerald Celente: Security officials and geopolitical experts told The Washington Post that the Iranian government was pushed to “the brink” after the U.S. and Israel killed Ayatollah Ali Khamenei, but, four months later, the country’s new leadership has the support of the public and is more “hardline” than before.
The paper noted that the funeral over the weekend for the murdered leader was an example of how the country is emboldened and rallied around the government after the illegal war of aggression carried out by the U.S. and Israel.
“Everything we have achieved today is thanks to the guidance of our martyred Leader, and from now on it will also be by virtue of his blood,” Rear Adm. Habibollah Sayyari told mourners, according to Press TV. “We will carry on the legacy of our martyred Leader. That is the mission for which we live.”
The paper reported that the government feels confident after being able to stand up against the U.S. and Israeli militaries, which are considered among the deadliest in the world.
Raz Zimmt, the head of Iran research at the Institute for National Security Studies in Israel, told the paper that Iran might be weaker when it comes to its economy and industrial output, but the “bottom line is that we are facing a new, bolder, self-confident Iran.”
The country is under the guidance of Khamenei’s son, Mojtaba, and his inner circle includes Moshen Rezaei, who the paper described as a hawk who has pushed for intensified Iranian responses to U.S. and Israeli aggression.
Mohammad Bagher Ghalibaf, the parliament speaker, has also been an outspoken critic of the United States, and recently mocked Trump’s claim that his country is starving by posting: “Imagine having forty-something million of your own citizens on food stamps and calling another nation hungry. This is not a proclamation. This is a projection. Keep your SNAP advice. Our assets, our choices. Mind your malnutrition rates.”
The report noted that the new structure of the Iranian government essentially sidelined individuals from civilian backgrounds like the president, Masoud Pezeshkian and Foreign Minister Abbas Araghchi.
Iran has managed to inflict pain on Gulf states and hit U.S. assets in the region to a level that was not anticipated by Washington. Part of Iran’s newfound confidence can be seen in its approach to the Strait of Hormuz.
Despite the Trump administration insisting that there will be no tolls in the waterway, Iran has said there will be fees imposed.
Abdolreza Rahmani, the Iranian ambassador to China, said on Saturday that there will be fees and friendly nations could receive exclusive deals, according to The Times of Israel.
“As a country where the Hormuz is part of its territorial waters, we will definitely charge service fees,” he said. He said these fees would not qualify as a “toll,” but would guarantee “the security of passage through the Straits of Hormuz, supervision of the passage of the vessels…and also guaranteeing and dealing with the environmental consequences of the massive number of ships.”…
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TREND FORECAST:
According to a poll published by The Times of Israel, Iran won the war: “Israelis overwhelmingly view the war with Iran and the subsequent deal between Tehran and the United States in a negative light, with 92.1 percent of Israelis believing the Islamic Republic to have won, according to a survey published Sunday.”
And the war launched by the United States and Israel on 28 February has strengthened the Iran military and the ceasefire is making them stronger. Yesterday, Iran declared that an Iranian army spokesperson said: “We have repeatedly announced that we are using the ceasefire opportunity to enhance our combat capabilities and have not wasted a single moment nor been negligent.”
But that’s not what you hear from the White House or the Western press or the U.S. President:
• On 10 June, Trump posted: “Iran’s Military is a complete and total mess. Much of it, like their Navy and Air Force, doesn’t even exist anymore – They have been completely defeated. Iran is all talk and no action. The Bully of the Middle East is DEAD!!!”
• Trump told CNBC on 3 July 2026 that the U.S. achieved “total military victory.”
• “I’ve defeated them militarily,” he said. “They’re totally defeated militarily.”
Trump said Saturday: “You look at Venezuela; you look at Iran. We wiped it out, wiped out their military.”
And as we have forecast, should the Iran War reignite, Israel will be on the eve of destruction and so too will be much of the world as the U.S. and Israel go nuclear to defeat Iran.
TRENDPOST:
Secretary of State Marco Rubio said last month that the strait is an international waterway, which means there cannot be a toll imposed on vessels.
“No country is allowed to charge tolls or fees on an international waterway. That’s existing international law,” he said.
Rubio’s new attention to international laws and stark contrast to his support of Israel’s genocide in Gaza, stealing Palestinian land in the West Bank, bombing, and stealing land in Lebanon and attacking Syria and stealing their land.
Part of Trump’s propaganda campaign to try to make the Iran War seem like less of a failure in the eyes of the American public, has been to describe the new leadership as more moderate than the previous one.
On 31 March, he told ABC News that there was a full regime change in the country, and that the American negotiators were speaking with leaders who were “more moderate” and “much more reasonable” than the ones who had been killed.
On 16 June, Trump said he was not interested in regime change, but “I guess you have regime change” because the first group is “all dead.”
“And we’re dealing with people that I think are very rational people. They were nice to deal with. They were strong people, smart people. I think actually they’re smarter than the first and second group, but they’re not radicalized and they’re, you know, looking to help their country,” he said.
Trump may be correct that this group is rational and smart, because they understand, perhaps even better than the earlier leadership, that the United States cannot be trusted during negotiations, and that the only assurance from being attacked by Washington in Tel Aviv is to make sure their army is fully capable of responding.
Gold & Silver
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