BREAKING: Iran launches a surprise ballistic missile attack against US bases in Jordan, with loud explosions heard near US Muwaffaq Salti Air Base moments ago. A US official says no attacks took place, despite multiple ballistic missiles entering Jordanian airspace, meaning the US is once again not going to respond to the latest Iranian attack. The US has still not responded to the surprise attack on Kuwait 2 days ago.
For the first time in the war, Iran has just launched the Qasem Basir medium-range anti-ship ballistic missile, firing several of them from Isfahan toward vessels under US Navy escort in the US-backed southern Omani corridor of the Strait of Hormuz, per multiple initial reports. Several flights are now being put on hold in UAE airspace following the launches from Isfahan, likely targeting US-backed Gulf ship-to-ship oil transfers.
Iran launches anti-ship cruise missiles from southern Iran toward US Navy vessels in the Gulf of Oman, the first time in 3 months, as opposed to oil tankers or commercial ships, per initial reports.
Israel says in a dramatic shift in its assessment, Israel is now preparing for the absolute possibility that Iran will renew the war in the near future, per Channel 14.
Iran has been launching multiple waves of anti-ship cruise missiles and Shahed-136 drones from Sirik, southern Iran, in the past few hours, toward vessels under US Navy escort in the US-backed southern Omani corridor of the Strait of Hormuz, per initial reports.
Iran has directly warned the US that it would launch "a large-scale Iranian attack" on Israel, in response to any Israeli offensive on the Ali al-Taher ridge in southern Lebanon where Iran's IRGC military personnel are located alongside Hezbollah fighters, per Reuters citing 3 senior officials briefed on the message.
The Israeli military has already occupied swathes of Lebanese territory south of the Ali al-Taher ridge and has publicly identified the ridge as one of its "primary operational focuses," signalling it will proceed with the plan of destroying it in the coming weeks.
The Hormuz Letter, From the Last 24 Hours on X, 4 September 2026
The mispricing of risk in the US markets is truly remarkable. Washington spins its confabulations, and the oligarchs and their enablers continue looting the nation's capital. The long term outlook is pain.
VIX is complacent.
The Dollar chopped a tad higher.
Gold, silver and bitcoin gave back a bit of their recent gains.
The wiseguys are trying to make a stand on the price of oil at the rim of the 'cup and handle' on the chart around 92-93.
As a reminder Monday September 7 is the Labor Day holiday in the US. All markets will be closed.
The reckless disregard the power elite have for their own country is just astonishing until you realize that they do not consider themselves to be Americans, but a superior transnational class.
“Wherever there is an ascendant class, a large portion of the morality emanates from its class interests and its class feelings of superiority. They, as a class, believed that they alone maintained civilization.” Jack London, The Iron Heel
Reform will come. And it will be messy.
Their delusion clouds their minds that they may believe their lies, and thereafter be judged in their lawlessness.
Do not be deceived, for God is not mocked.
Have a pleasant weekend.
