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Iran War: Quick Early Updates

by Yves Smith
March 2, 2026
in Finance
Reading Time: 11 mins read
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[This post launched before complete because reasons. The final version should be up by 7:45 AM EST. However, please do comment since this post will be more information-snippet-y than usual]

The US-Israel conflict towards Iran has been underway for under a bit greater than 24 hours, but in a unbroken demonstration of Western ignorance and conceitedness, many commenters appeared shocked that Iran, because it promised, not solely launched fierce and geographically-wide-ranging retaliatory strikes but in addition rapidly closed the Strait of Hormuz. The US and Israel assassinated the Supreme Chief, Ayatollah Ali Khamenei, and a few senior IRGC officers. Additionally they focused however didn’t kill the democratically elected president, Masoud Pezeshkian.1

Readers and plenty of consultants identified in the course of the time when it was not clear whether or not Khamenei has survived the strike on his residence, that martyring him be extra prone to hurt than assist the US-Israel effort. Khamenei’s fatwa towards nuclear weapons was the obstacle to Iran constructing a bomb; his successor is prone to be extra onerous line and be unwilling to just accept restrictions from exterior. Khamenei had already ceded his position in navy decision-making after the 12 Day Warfare, so his demise is not going to affect operations. His unjustified killing will additional solidify assist for the Iran authorities and improve sympathy for Iran throughout the area. It additionally places nations with small populations of passport-holders and enormous Shia non-citizen populations, notably Bahrain, prone to revolution. Professor Sayed Marandi has been apt in calling them “household dictatorships”.

Except for that, there’s restricted onerous data on the conflict’s progress as of now. Israel is beneath navy censorship, though my Thai helper informed me he had simply seen on the information visible proof of a giant missile blast in Israel. Iran has shut down its web however photographs of harm in Tehran have been showing. The mainstream media has just about no reporters on the bottom and is thus obliged to deal with official spin as correct attributable to restricted/lack of different supply, plus in lots of instances, want to protect entry.

So other than the progress of the kinetic conflict, we even have the query of how lengthy it would take earlier than Western maximalist purposes of porcine maquillage cease fooling the general public. The baked-in bounce in oil costs because of the closure of the Strait of Hormuz plus the present overwhelming antipathy for this battle within the US ought to make it onerous to protect blissful fictions for too lengthy. However Zionist billionaires can be doing their greatest to cover or blunt proof of US-Israel failure.

One vital merchandise is the Washington Publish revelation that not simply Israel but in addition the Saudis pressed the US to launch this conflict. Larry Johnson, on Decide Napolitano, depicted the Saudis as being at conflict with Iran. That’s formally not correct; the Saudis have but to declare conflict, however substantively, the Publish account confirmed that Johnson referred to as the substance proper. From that report:

President Donald Trump launched Saturday’s wide-ranging assault on Iran after a weeks-long lobbying effort by an uncommon pair of U.S. allies within the Center East — Israel and Saudi Arabia — in line with 4 folks conversant in the matter, as Israeli and U.S. forces teamed to topple Iranian Supreme Chief Ali Khamenei after practically 4 many years in energy.

Saudi Crown Prince Mohammed bin Salman made a number of non-public telephone calls to Trump over the previous month advocating a U.S. assault, regardless of his public assist for a diplomatic answer, the 4 folks mentioned. …

As these talks proceeded, Riyadh issued an announcement, following a telephone name between the crown prince and Iranian President Masoud Pezeshkian, that Muhammed [sic] wouldn’t enable Saudi airspace or territory for use in an assault on Iran.

In his discussions with U.S. officers, nonetheless, the Saudi chief warned that Iran would come away stronger and extra harmful if america didn’t strike now, after amassing the biggest navy presence within the Center East because the 2003 invasion of Iraq, mentioned the folks, who, like others, spoke on the situation of anonymity to debate the delicate scenario.

Trump has bizarrely demanded that Iran maintain its hearth:

That is hopefully but extra Trump bluster, however the “hit them with a drive by no means seen earlier than” could level to a willingness to authorize an Israeli nuclear assault.

There was a substantial amount of glorious commentary on YouTube, so readers are prone to produce other talks they notably like. Two I discovered noteworthy have been Scott Ritter on Decide Napolitano and former ambassador to Saudi Arabia, Chas Freeman on Glenn Diesen.

Ritter gives invaluable element on the deficiencies of Tomahawk missies and the US course of for focusing on and the cascade that happens if preliminary salvos don’t meet their aims. He additionally has a really shifting dialogue beginning at 27:40, of the outrage of the US focusing on two ladies’ faculties (Aljazeera says thus far 146 have died) based mostly on him having really completed the focusing on for an Iraq strike gone away, when a bomb shelter that was full of girls and kids was mis-identified as housing combatants. 420 died horribly.

Freeman targeted on the implications of the conflict for different states within the area and what little stays of US pretenses to democracy.

Glenn Diesen additionally simply printed one other superb dialogue, this with Professor Marandi. It does begin off a bit slowly however contains biographical element about Khamenei, resembling that he was fluent sufficient in English to take pleasure in novels and Les Miserables was his favourite. The alternate will get fascinating when Diesen posits that Iran has already gone manner up the escalation ladder, notably with its closure of the Strait of Hormuz, and has not a lot additional to go. Marandi disabuses him of this concept, with solely one among his rejoinders being that Iran can destroy oil manufacturing amenities all around the Center East.

Now to the Twitterverse. On Iran focusing on so far:

Iran has the most effective intelligence inside Bahrain. Individuals who have lived there know what I imply.

The constructing hit by the drone was occupied by US Navy marines. They’d left the Fujairah base earlier than the assaults, rented that constructing to remain in, and even arrange a small management room… pic.twitter.com/gAHZ5IigD1

— کاشف اعوان (@lostguy79) February 28, 2026

WHY STRIKING DUBAI IS DEVIOUSLY GENIUS

It’s all about value/profit.

Israel has been beneath fixed missile and rocket assaults for 40 years. They don’t care.

US bases within the area are ready to cope with these assaults.

Dubai is under no circumstances ready and its inhabitants has no…

— Mikkel Rosenvold (@RosenvoldGeo) February 28, 2026

And new strikes:

BREAKING | Israeli Dwelling Entrance pronounces the activation of sirens from the Gaza Strip to the occupied Golan Heights after a brand new wave of Iranian missiles was launched.

— The Cradle (@TheCradleMedia) March 1, 2026

Renewed assaults this morning by Iran on Bahrain, Qatar, and the United Arab Emirates.

— OSINTdefender (@sentdefender) March 1, 2026

Iran has widened its focusing on. Notice the bottom in Cyprus is a UK, not US, operation:

BreakingNews:

Iran’s missiles reached Cyprus, the place Israel has established a job drive and interception missile programs.

— Elijah J. Magnier 🇪🇺 (@ejmalrai) March 1, 2026

On the continued US regime change scheming. Notice that John Kirakou (who recall is an professional within the area and was the CIA’s head of counterinsurgency in Pakistan) has mentioned that Reza Pahlavi, the son of the Shah that the West is attempting to put in, have been to land in Iran, he wouldn’t survive the stroll out of the airport. Nonetheless:

Have heard from an Iranian pal that her associate in Teheran has despatched her a message. He’s a leftist and is telling her that the US/Israelis are focusing on plenty of identified leftists properties in Teheran and elsewhere in an try to ensure there’s no opposition to their favoured…

— Tariq Ali (@TariqAli_News) February 28, 2026

It additionally appears to be like like Johnson’s name in regards to the Saudis being at conflict with Iran is getting nearer to being official:

⚠️ 𝐁𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐍𝐞𝐰𝐬 ⚠️

🇮🇷🇸🇦 | Saudi Arabia pronounces it would retaliate towards Iran if U.S. bases within the Kingdom proceed to get hit…

They’ve 420 jets complete.

This contains F15’s + Eurofighers. pic.twitter.com/NmCfhzT7n6

— Iran Spectator (@IranSpec) March 1, 2026

Iran just isn’t enjoying good with its blockade of the Strait:

Iran has focused and hit a tanker for its “unlawful crossing with out responding to the top) within the strait of Hormuz, a really highly effective message to the world economic system and in notably to the US, chargeable for the unlawful conflict and illegal regime-change in Iran.

— Elijah J. Magnier 🇪🇺 (@ejmalrai) March 1, 2026

However other than that silly one that attempted to check Iran, different tankers are certain to remain nicely away:

Twenty million barrels of oil handed by the Strait of Hormuz yesterday.

Right now the quantity could also be zero.

Not as a result of Iran mined the water. Not as a result of a tanker was hit. As a result of Lloyd’s of London picked up the telephone.

Warfare danger underwriters started canceling insurance policies for strait… pic.twitter.com/imlhmLn82G

— Shanaka Anslem Perera ⚡ (@shanaka86) March 1, 2026

No manner of figuring out how full this listing is:

Areas of Tehran attacked in the present day:

Tehran Police Headquarters
FARAJA (Police) Headquarters
Tehran IRGC Headquarters
IRGC Joint Headquarters
Normal employees of Armed Forces Headq.
Sarallah Headquarters
Martyr Daghaighi City
FARAJA (Police) Intelligence Org.

— Iran’s Right now (@Iran) March 1, 2026

Forgive the awkwardness of this presentation. I’ll quickly survey MSM dwell blogs and add any helpful intel from them in addition to different
Twitter goodies earlier than 9:00 AM EST. So please give the publish correct one other gander then.

UPDATE 9:00 AM EST:

BBC has an official denial that Iran focused Cyprus:

Starmer ‘confirmed clearly’ that Cyprus not a goal, its president says

Cyprus President Nikos Christodoulides says UK Prime Minister Keir Starmer has referred to as to substantiate “clearly and unequivocally that Cyprus was not a goal”.

This follows experiences from UK defence sources that two Iranian missiles have been fired in direction of Cyprus, the place UK navy bases are situated.
A Cyprus authorities spokesperson later denied this, saying there’s “no indication that there was a risk to the nation”.

The subsequent BBC merchandise just isn’t as consequential because it appears. A number of impartial media figures reported after the 12 Day and extra so after the current US regime change risk that Iran by way of protest escalation that the political and navy management had all labored out who would step in if anybody have been killed.

The Aljazeera has the demise rely from the Iran strike on Beit ⁠Shemesh as as much as 9, t least 3 lifeless plus 58 injured within the UAE and 1 lifeless and no less than 22 injured in Kuwait since assaults started. It additionally experiences on recent remarks by Pezeshkian and Overseas Minister Araghchi that Iran goes to proceed to struggle onerous.

The touchdown web page on the Monetary Occasions is scrumptious:

BWAHAHA. “Calm markets”?

And from its dwell weblog:

Closing fast sightings:

Interceptors operating low—this was major argument towards beginning conflict within the first place. In the meantime Iran continues to be firing missiles and is estimated to have 1000’s left due to reconstitution help from China. https://t.co/XcIwH2ivAz

— Murtaza Hussain (@MazMHussain) March 1, 2026

Not confirmed however large if true:

Focusing on the plane service USS Abraham Lincoln with 4 ballistic missiles

Assertion No. 7 from the Public Relations of the Islamic Revolutionary Guard Corps beneath Operation “True Promise 4” declares that, after the armed forces of the Islamic Republic of Iran struck…

— Thomas Keith (@iwasnevrhere_) March 1, 2026

Updates any more can be within the feedback correct.
_____

1 Hopeful disinformation by Google after I went to go looking on Pezeshkian’s title to confirm my spelling?

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