Israel is discovering that fighting a technologically advanced military is a lot harder than bombing and starving a defenseless population trapped inside of an open air prison camp
🚨 US is dismantling its THAAD and Patriot Systems from South Korea to send it to the Middle East.
▪️ In 2017, South Korea sacrificed its diplomatic and economic relations with China to host US THAAD.
▪️ Chinese tourism to South Korea, worth billions of dollars, was abruptly stopped due to diplomatic standoff.
▪️K-Pop was banned in China.
▪️ Hyundai and Kia had to close their factories in China, ultimately losing their market shares in China.
▪️ South Korea lost billions of dollars of exports to China in order to host US THAAD and Patriot Systems.
📍Now, US has dismantled its THAAD and Patriot Missile Systems in South Korea and is sending to Middle East.
45% of urea production goes through the Strait of Hormuz. We are about to see another massive shock to fertiliser markets. That means rising food prices - and falling living standards. 🧑🌾📈
UAE joins Qatar and Saudi Arabia in halting its petroleum production. This is a catastrophe for the world.
That's 30% of total oil production, 17% of natural gas production.
Worse yet, all the product pipelines are closed. It will take 4 weeks to start back up.
Iran fired 1200+ projectiles at five countries in the first 48 hours. Most were drones. These saturation attacks aim to overwhelm air defenses and drain interceptors. $20-50k Shahed drones vs. $4.19M PAC-3 interceptors put US and its partners on the wrong side of the cost curve.
Major marine insurers just cancelled war risk coverage for the Strait of Hormuz. 150+ ships stranded. Rates tripled. One seafarer dead. And this is only day 3 of the Iran conflict.
https://t.co/EbxVEOtQgo
The Pentagon are making it clear to the world that the attack on Iran was a decision made solely by Trump & against military advice.
It’s only Day 3 & they are distancing themselves from this illegal war
BREAKING: The UAE is projected to exhaust its interceptor missile stock within one week at the current rate of fire, and Qatar within four days; both are urgently seeking additional military support from the United States - Bloomberg