It’s once again been a relatively slow week, with “only” quite a few oil tankers being struck in the US’s attempt at an oil corridor in Hormuz. I’ve seen several analysts speculate on just how leaky Hormuz might be despite Iran’s attacks, and if it is leaky, then why and to what extent. Now that we’re firmly in August, we have noticeably passed the predicted July ETAs on the physical oil cliff (the paper oil price manipulations notwithstanding), and so analysts are trying to find explanations for the current situation, in which various factors are being considered, of which I’ll list a few I’ve seen personally.

First is, as I said, a potentially leaky Hormuz, because it’s been revealed that in lieu of official corporate insurance, the US is directly paying captains massive sums of money if they’re brave enough to try and run the strait under US air cover - hence why Iran keeps hitting tankers practically daily without them ever seeming to get the message. Obviously, this covert operation by itself would not be enough to even approach pre-war transit levels, and so there must be other factors going on. Second is Red Sea oil redirections predominantly by Saudi Arabia; if this was a big factor, it’s something Ansarallah is now actively combatting with their blockade of the Bab el-Mandab and semi-regular strikes on their pipeline infrastructure. Third is that perhaps world oil reserves are somewhat larger than first considered, especially given China deciding to go on a bit of an oil diet over the last six months, and especially especially if countries really start pumping from one-shot emergency supplies; e.g. there’s been much discussion by Naked Capitalism about just how much the US could extract from the rapidly dwindling SPR if it no longer cared about the irreversible damage to the storage caverns caused by pumping out as much as physically possible. Fourth and finally, perhaps the data on stockpiles was just bad in such as way that they were being consistently underestimated by e.g. 10% or so. Ultimately, regardless of the many complicated factors involved here, the antsy and indecisive behaviour of the US, as well as some anxiety about the midterms, betrays any attempts at American confidence (e.g. by Bessent) about this becoming a stable situation for even the medium term.

We’ve also seen some of the fruits of the serious discussions between Iran and Oman over how exactly Hormuz is going to be governed, with one major and intriguing proposal being that Iran could have total control over what vessels enter (i.e. tolling when entering), and Oman has partial control over what vessels leave, with Iran having a veto there too (i.e. no tolling when exiting, but de jure Iranian military control). Iran has come out and said that regardless of what they agree to with Oman, the US will have to make major concessions - at least on the order of the MoU concessions and perhaps even beyond them - for Hormuz shipping to restart. Meanwhile, Saudi Arabia, Pakistan, and Turkiye have signed some kind of military alliance or agreement of some kind; I’m waiting for some big expert analyses on the many implications before I give any takes here, but it’s already been dealt a rather large embarrassment by Ansarallah seeming to not really a give a shit, continuing strikes on both Saudi pipeline infrastructure and also Saudi-backed mercenaries.

And finally, over in Latin America, the Southern Spear Joint Task Force has given way to a new version which looks likely to increase inland strikes, which is a major escalation from the strikes targeting mainly fishing boats, which were presumably done to a) cause socioeconomic fractures in certain countries (largely Venezuela), and b) further the kayfabe that the US is trying to stop drugs entering the US while obviously covertly further amplifying it through friendly comprador countries. While Latin America struggles to find its way forward out of American regional hegemony due to the rather mixed results of both electoralism and warfare (guerrilla and otherwise), what greatly interests me will be how the region’s domestic capitalists respond to the attempts by the US to wean them off from China’s growing economic sphere. I’ve wondered previously about whether a potential way out of imperium, in lieu of the ability of the region’s working class to take (and, more critically, hold on to) power, will be China, intentionally or not, causing major fractures between the US capitalists seeking a monopoly to loot the continent as much as possible with the absolute minimum domestic development possible to maintain profits, and domestic capitalists who want to trade with an ever-growing China and internally develop their countries for their own self-benefit.

If you have evidence of Zionist crimes and atrocities that you wish to preserve, there is a thread here in which to do so.

Sources on the fighting in Palestine against the temporary Zionist entity. In general, CW for footage of battles, explosions, dead people, and so on:

UNRWA reports on the Zionists’ destruction and siege of Gaza and the West Bank.

English-language Palestinian Marxist-Leninist twitter account. Alt here.
English-language twitter account that collates news.
Arab-language twitter account with videos and images of fighting.
English-language (with some Arab retweets) Twitter account based in Lebanon. - Telegram is @IbnRiad.
English-language Palestinian Twitter account which reports on news from the Resistance Axis. - Telegram is @EyesOnSouth.
English-language Twitter account in the same group as the previous two. - Telegram here.

Mirrors of Telegram channels that have been erased by Zionist censorship.

Examples of Ukrainian Nazis and fascists
Examples of racism/euro-centrism during the Russia-Ukraine conflict

Sources:

Moon of Alabama, which tends to have interesting analysis. Avoid the comment section.
Understanding War and the Saker: reactionary sources that have occasional insights on the war.
Alexander Mercouris, who does daily videos on the conflict. While he is a reactionary and surrounds himself with likeminded people, his daily update videos are relatively brainworm-free and good if you don’t want to follow Russian telegram channels to get news. He also co-hosts The Duran, which is more explicitly conservative, racist, sexist, transphobic, anti-communist, etc when guests are invited on, but is just about tolerable when it’s just the two of them if you want a little more analysis.
Simplicius, who publishes on Substack. Like others, his political analysis should be soundly ignored, but his knowledge of weaponry and military strategy is generally quite good.
On the ground: Patrick Lancaster, an independent and very good journalist reporting in the warzone on the separatists’ side.

Unedited videos of Russian/Ukrainian press conferences and speeches.

Pro-Russian Telegram Channels:

Again, CW for anti-LGBT and racist, sexist, etc speech, as well as combat footage.

https://t.me/aleksandr_skif ~ DPR’s former Defense Minister and Colonel in the DPR’s forces. Russian language.
https://t.me/Slavyangrad ~ A few different pro-Russian people gather frequent content for this channel (~100 posts per day), some socialist, but all socially reactionary. If you can only tolerate using one Russian telegram channel, I would recommend this one.
https://t.me/s/levigodman ~ Does daily update posts.
https://t.me/patricklancasternewstoday ~ Patrick Lancaster’s telegram channel.
https://t.me/gonzowarr ~ A big Russian commentator.
https://t.me/rybar ~ One of, if not the, biggest Russian telegram channels focussing on the war out there. Actually quite balanced, maybe even pessimistic about Russia. Produces interesting and useful maps.
https://t.me/epoddubny ~ Russian language.
https://t.me/boris_rozhin ~ Russian language.
https://t.me/mod_russia_en ~ Russian Ministry of Defense. Does daily, if rather bland updates on the number of Ukrainians killed, etc. The figures appear to be approximately accurate; if you want, reduce all numbers by 25% as a ‘propaganda tax’, if you don’t believe them. Does not cover everything, for obvious reasons, and virtually never details Russian losses.
https://t.me/UkraineHumanRightsAbuses ~ Pro-Russian, documents abuses that Ukraine commits.

Pro-Ukraine Telegram Channels:

Almost every Western media outlet.
https://discord.gg/projectowl ~ Pro-Ukrainian OSINT Discord.
https://t.me/ice_inii ~ Alleged Ukrainian account with a rather cynical take on the entire thing.