Friday, August 7, 2026

Sanctions Lifted: Iran Selling Oil 20% More Expensive — Ghalibaf

from Sputnik News:

Iranian Parliament Speaker and chief negotiator Mohammad Bagher Ghalibaf has confirmed that oil exports are flowing again following the lifting of sanctions, with Tehran selling crude at prices 20% higher than before.
“Since the day we lifted the blockade, we have exported more than 40 million barrels of oil,” Ghalibaf said in a television interview, dismissing earlier skepticism about the impact of sanctions relief.

Iran Denies U.S. Claims of Agreement on Nuclear Inspections

by Edison Reed, Natural News:

Iran’s Foreign Ministry has publicly denied assertions by the United States that Tehran agreed to allow international inspectors to examine its nuclear facilities, raising questions about the recent peace talks in Switzerland and the status of a signed memorandum of understanding.

Speaking at a weekly press briefing in Tehran on June 23, Foreign Ministry spokesman Esmail Baghaei said representatives of the Islamic Republic did not meet with International Atomic Energy Agency (IAEA) Director-General Rafael Grossi and that no arrangements have been made for agency inspections of Iran’s damaged nuclear sites, according to reports [1]. The denial directly contradicts comments from U.S. Vice President JD Vance, who stated on June 22 that Iran had agreed to admit IAEA inspectors during the first round of peace talks at Lake Lucerne in Switzerland [2].

Iran-U.S. MOU and the Palestinians

by Harley Schlanger, LaRouche Organization:

As we head into the meeting set for Friday for delegations from the U.S. and Iran to sign the Memo of Understanding (MOU) to end the war, one issue not addressed is Gaza and the intent of adherents to Greater Israel to annex Gaza, and the West Bank.  Netanyahu has already expressed his unwillingness to accept that Lebanon is covered under the MOU — what is to become of Gaza?  Today I provide a brief history of the background to the confrontations  between Greater Israel fanatics and the Palestinians living in Gaza.  This and more will be discussed today in our weekly dialogue at 11 AM Eastern time with Helga Zepp-LaRouche.

America must face the looming power crisis

by Ava Grace, Natural News:

    • U.S. power consumption shattered records in 2025 and is projected to rise further, while the aging grid faces elevated blackout risks due to retiring coal and natural gas plants not being replaced fast enough.
    • Surging electricity demand is driven by AI data centers, cryptocurrency mining, electric vehicles (adding ~4,000 kWh/year each) and heat pumps (adding ~3,000-5,000 kWh/year each).
  • Nuclear power provides reliable baseload power (18-19% of generation), but the aging fleet faces eventual retirement without new construction or life extension investments.

Giving Iran Permanent Control Of The Strait Of Hormuz Will Be A Disaster For The Global Economy

by Michael Snyder, The Economic Collapse Blog:

When we were told that the ceasefire extension with Iran would include “the toll-free opening of the Strait of Hormuz”, I didn’t realize that this was only for a period of 60 days. As you will see below, once the 60 days are over the Iranians will be allowed to charge vessels for passing through the Strait of Hormuz on a permanent basis. Any vessels that attempt to pass through the Strait without permission will be subject to attack by the Iranian military. In other words, the nightmare scenario that we have been enduring for the past several months will be institutionalized. I am shocked that U.S. negotiators would actually agree to this. With the Iranians in control, I seriously doubt that the flow of oil and natural gas out of the region will return to pre-war levels any time soon, and any oil and natural gas that does get exported will cost quite a bit more thanks to the protection racket that the Iranians will be running.

U.S. Strategic Petroleum Reserve Nears Historic Low Amid Continued Drawdown

by Garrison Vance, Natural News:

The U.S. Strategic Petroleum Reserve (SPR) held 365.1 million barrels of crude oil as of the week ending May 22, according to the latest report from the Energy Information Administration (EIA). That figure represents a decline of more than 50 million barrels since the conflict with Iran began on Feb. 28, officials said.

The reserve now stands at its lowest level since April 2024.

GasBuddy analyst Patrick De Haan predicted that at the current pace of drawdown, the SPR could reach levels last seen in August 1983 within days. That predates the reserve’s completion and occurred during its initial fill-up phase, according to historical data.

Trump’s Stated Preference Today Is to Steal Iran’s Oil, Literally

by Mish Shedlock, Mish Talk:

Trump made his most believable statement ever today.

The Big Lie Then the Truth

  • Big Lie: They [Iran] is really in submission. They just don’t know it yet.
  • Big Truth: Look, my preference has always been take Kharg Island. [Iran’s major oil export terminal]. … I don’t know that America has the stomach for it to be honest with you. We would make a fortune. But I don’t know that America has the stomach. I think they’d like to see us come home. But we did it with Venezuela. We’ve taken millions and millions of barrels out of Venezuela.

The Backlash Against Net Zero is Gathering Steam Across Europe

by Ben Pile, Daily Sceptic:

This is the fifth in a series of 12 articles challenging climate change orthodoxy commissioned by Professor Gwythian Prins. We will be publishing the articles at a rate of one a week over the next 12 weeks (read the first article herethe second here, the third here and the fourth here). The hope is that they can be collected into a book for Sixth Formers and university students.

Is the UK Government seeking ‘dynamic alignment’ with the European Union to save its favourite policy agendas, like Net Zero? Despite the Common Understanding achieved in May 2025 to “respect each other’s decision-making autonomy” and despite the June 2016 referendum, some are now warning about the “quiet reversal of Brexit”. That Common Understanding requires “linking” the UK and EU’s carbon emissions trading systems, thereby aligning climate, energy and industrial policies, making them again the prerogative of the ‘rule-maker’ and Britain a ‘rule-taker’. Starmer and the other fanatical anti-Brexiteers have cargo-cult like expectations that the EU will fulfil their desires. That fervent faith may soon be dashed by irony. Starmer’s prostration before the EU and capitulation to all its vengeful punishments actually seals Net Zero’s doom, not its salvation. Let me explain. We are prisoners in double bondage.

A Historic Energy Squeeze Is Locked In: U.S. Oil Inventories Have Fallen For 7 Weeks In A Row, And Global Oil Inventories Will Soon Hit The Lowest Level Ever Recorded

by Michael Snyder, The Economic Collapse Blog:

Now that the war with the Iranians appears to be fully back on, there will be no turning back now. President Trump just told reporters in the White House that “we’re going to be attacking them and attacking them very hard”, and so it should now be apparent to everyone that there isn’t going to be any sort of a “deal” any time soon. What this means is that we are headed for a historic energy squeeze of unprecedented magnitude.

67 Million Americans Will Lose Reliable Electricity in June of 2027

from Health Ranger Report:

TRUTH LIVES on at https://sgtreport.tv/

A Hidden Strain Is Building Across The Global Oil Market As Inventories Fall And Critical Supply Routes Grow More Exposed

by Milan Adams, Prepp Group:

For much of the past decade, governments, central banks, and international organizations have become accustomed to managing crises through a familiar strategy: when markets face a shock, draw from reserves, stabilize prices, and buy enough time for supply chains to recover. That approach has been used repeatedly, whether the disruption originated from wars, sanctions, pandemics, natural disasters, or political instability. In most cases it worked because the global economy still possessed something that rarely attracted public attention but quietly supported the entire system—large inventories of energy.

Is Diesel Fuel Really Running Out in California in 4-6 Weeks? Not Exactly…

from Health Ranger Report:

TRUTH LIVES on at https://sgtreport.tv/

California’s Diesel Crisis Is Real – And It’s Going to Cost You $10 a Gallon

by Mike Adams, Natural News:

California’s Diesel Crisis Is Real – And It’s Going to Cost You $10 a Gallon

California won’t literally run out of diesel next week, but I am absolutely certain that severe shortages and price spikes are coming, and they are going to be painful.

This is not a random market fluctuation — it’s a self-inflicted disaster caused by years of left-wing climate policies that have deliberately shut down refineries and pipelines across the Golden State.

Here’s why every Californian — and every American who eats food transported through California — needs to understand what’s really coming. The state is turning into an energy island with no backup plans, and the price at the pump is about to become a weapon against your wallet and your livelihood.