Tehran

A pillar of the agreement is a new Canadian drone marketplace that will manufacture the technology domestically and send a third of drones produced to Ukraine.

Six months after the US went to war in Iran to destroy the country's nuclear and missile programs, Tehran has reportedly begun producing ballistic missiles once again, according to intelligence reports.

While the US has touted successful strikes on Iranian c- industrial sites used to build missiles, the country has managed to move production to underground facilities.

Here's what else is on our radar and should be on yours too.

And by the way, the Yonge Street corridor through Richmond Hill is, is sort of affectionately referred to as Toronto.

Get it? Like Tehran, Toronto.

Eh? Uh, and so there's this one plaza that is called, I'm, I'm not kidding, it's called Iranian Plaza.

You can look this up on Google Street View.

I'll maybe just read it for the, the simplified version of sort of the mechanics of how this might work.

Again, we're not saying it's absolutely 100% happening, but it's certainly something to flag and say, "Hmm, maybe." Um, so be...

You know, you say here, "An Iranian businessman wants to move the equivalent of 3 million from Tehran to Toronto.

He approaches a currency dealer in Iran and deposits the equivalent of 3 million in rials.

This is not, you know, I shouldn't be prosecuting the blind sheikh.

We should understand what this is and be at a war footing against the jihadis and anybody who's allied with them, which I would argue, we would argue, is the entire axis of aggressors at this point, Tehran, Moscow, Beijing, Pyongyang, anyway.

Yeah, I just wanted to point that out, seeing these as individual crimes, who did it? Who's responsible? Can we put them in jail? That is conceptually misguided.

Right.

It was a mistake to put the barracks there and we pulled out for different reasons, not because we were cowards, but because we realized the game was not worth the stakes.

And

by the way, those terrorists were proto-Hezbollah reporting to Tehran, just so we get a good look.

Clear on that, not al-Qaeda, okay.

Yep.

And they infiltrate Tehran to pull off a daring rescue.

After a previous mission in Afghanistan goes tragically wrong, the fix is rated R.

You know what? The plot, I mean, you've heard it before, you've seen it before, but, I mean, it's Liam Neeson.

The Iranian public were shocked by 9-11.

They held spontaneous candlelight vigils on the streets of Tehran.

And now the Iranians are accused of supporting al-Qaeda.

They also, yeah, let's not forget that Iran almost went to war against Taliban Afghanistan.

It is a country that is consuming itself in its own press releases, in false narratives, in government lying, and roping in other countries into this mess as well.

And yet there are those who say, and they're mainly neocons and hawks and supporters of this Iran war, they maintain, and I've put these kinds of questions to our friend John Mearsheimer in a popular podcast, They argue that the US naval blockade continues to impose, and this is probably true, a steadily increasing economic cost on Iran, which means that the tide is slowly but surely turning against Tehran.

Jeff?

Well, the tide turning is a good metaphor.

Give me a break.

Do we really have to go along with this amusement park ride at the threat to the entire world population?

All that being said, though, isn't it true that Iran's attempts to close the Strait of Hormuz has clearly failed to produce the kind of economic shock or energy crisis that Tehran had hoped for? And this is what leads a lot of the analysis pieces in The Times, The Washington Post, The Wall Street Journal to say that's why Trump may actually have more time on his side to tighten the screws on the regime in Tehran.

Jeff? No,

What are you watching for that could potentially make a dent in energy prices? Or I guess this is the new normal?

So far, financial markets have been comfortable, convinced, happy to believe that the April peace agreement and the June memorandum of understanding between Washington and Tehran meant that escalation militarily was over.

that would lead to de-escalation and the logical conclusion of that direction is ultimately a peace settlement.

And that is what markets have been pricing in ever since April.

Treasury Secretary Scott Besant said the United States will sanction a large bank on Monday over its financial risks to Iran.

The administration may be trying to squeeze Tehran, but markets increasingly fear that each new measure could provoke another response in oil or shipping.

The larger concern is that the energy shock has arrived when government bond markets were already under strain.

The 10-year Treasury yield was recently around 4.94%, close to its highest level since 2023 and within sight of 5%.

Yep.

And they infiltrate Tehran to pull off a daring rescue.

After a previous mission in Afghanistan goes tragically wrong, the fix is rated R.

You know what? The plot, I mean, you've heard it before, you've seen it before, but, I mean, it's Liam Neeson.