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Power is swinging and the US has really shown some muscles. One can say Iran has been stubborn or surprisingly more retaliatory than expected. When their Supreme leader was taken out of the Picture on Saturday, many were expecting an easy back down. day 6 into the joint Israeli-US against Iran. The scriptures are carefully playing out; ‘wars and rumors of wars that marks the beginning of birth pains’.
Ok, when saying against Iran, we have to understand the fact that Iran has allies too. Hezbollah group, Hamas terrorist gang and a set of other terrorists. I haven't been on about what is actually going on in Day 6 but as of yesterday’s reports, the war has intensified. Iran keeps hitting their neighbors with claims they are attacking US nearby assets.
Damaging has been done with claims of US military personnels being hit. The visible reported casualties of this US military death has been six with claims they are trying to hide the death counts. The main concerns is not actually about hiding death count because for certain, war carries casualties only that ALL sides will TRY to show their expertise involved to proof professional military leadership. And of course we know, President Trump boasts about this concerning the US military.
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Looking away from that, it seems Spain and the US may economically part ways. there has been contention currently in Europe and most importantly about a decision Spain made some days earlier. If you have been following up, Spain rejected US military to use their military bases for refuelling and launching a corporate attack on Iran.
The US military had to move to the nearby country where Germany gave the needed help. What has been President Trump's statements concerning that? ‘Spain have been terrible’. Trump also said if actually they wanted to operate from that base by force they would have flown their helicopters and jets in to use to it but for respect purposes.
Nevertheless, the big blast is the following statement from Trump to ‘cut trades with Spain’. He said he has spoken with Mr Scott Bessent, The Treasury Secretary. The first question will be, can the US successfully carry out this barn considering that Spain makes up the NATO countries. It has been that TOP discussion as this causes a breakout.
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On the other hand, can this trade cut off affect Spain and how bad can it be?. Spain is known to be top exporters of goods into the US; their two major exports being pharmaceutics and olives. They generate an annual revenue of up to $21 billion. As we speak, Trump is on an assumption of where Spain and Europe are siding currently in the ongoing Middle East War.
To conclude, let me add, we are in the middle of one thing leading to another. The ongoing war has shown both intent and skepticism regarding power flow and decision making. The trade cut off is yet to be concluded and without doubt it will be consequential to companies dependent on this export activities. Maybe it can end in a tariff raise on goods coming from Spain.
This is an article covered by dani-EL; a broad niche writer. I write on faith, life facts and daily living, business and economics, small scale and daily businessing, cryptocurrency and technology. And yes, I do cover articles on financial education and investment updates. And note, if I happen to be a financial adviser to you, the TOP financial advice should be ‘DYOR’ (Do Your Own Research), I can't afford to break your heart.
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