Monday morning #headlines recap US strikes Larak Island; Iran retaliates against US bases in Jordan and the UAE. Unsurprisingly the sides disagree on damage assessments. Oil prices spike in response, and analysts once again say the timing is curious with respect to the market. I guess the mother of all economic sanctions packages didn’t work. Analysts say that the Iranian angle is to force US to burn through Patriot missile stocks. While exact numbers are hard to come by, estimates put the number as high as 160 missiles at a cost of $640 million in a single night. Diplomatic Missiles of Understanding, lulz. Classified Pentagon assessment: prolonged Iran ops are unsustainable, and four commands filed "non-concur". Leaders of EUCOM, PACOM, SOUTHCOM and the Navy's top admiral formally disagreed with the Secretary of Defense's orders while agreeing to execute them, per the Secretary of Defense Orders Book. The outlook is bleak: munitions stockpiles critically depleted, logistics and personnel at breaking point, exposure to opportunistic escalation by Russia or China. One analyst frames the leaks as the closest thing to a senior command mutiny. Trump and Hegseth getting paid to dismantle the US military it seems. In spite of Trump’s claim that mines had been cleared, multiple vessels have been hit by mines in the last 3 days. Transits estimated to be 5 ships per day at the current time. Trump says he'll fill the Strategic Petroleum Reserve with Venezuelan crude, while multiple analysts say US SPR cannot even store Venezuelan heavy in its current configuration and that Venezuela would have to boost production 20X to make a significant difference. US annual interest expense hit 18.5% of federal revenue, above the 1991 record of 18.4%, at $1.25 trillion - quadrupled in four years. War in Ukraine continues on the same trajectory, although in an interesting development Western intelligence believes Russia has captured and begun producing Ukrainian drones for false-flag attacks on NATO countries. Probably the usual paranoid fantasies, but it would be significant if it came to pass. Data center grid connection wait times up to 10 years in the Netherlands, 7 in Germany and Northern Virginia, 5–7 in the UK. Chips and capital are no longer the primary barriers. OpenAI loses another executive - this time the Head of Preparedness has quit. Lulz, sounds like a made-up DEI title anyway… Germany has the highest energy prices in the G20, roughly double the US. Meanwhile German government predictions show them falling well short of the needed generating capacity, with rolling blackouts predicted and politicians saying businesses will have their power cut first in order to shield households. Green energy scam comes home to roost. Thomas Massie literally says he will publicly reveal Epstein’s client list if the Trump administration refuses to do so in two weeks. He has occasionally said some good things, but now he’s just turned himself into a meme. The minister responsible for Canada's borders is named Sathiyasangaree Anandasangaree. TPD Iceland cools to EU membership. I wrote that one myself. No headlines recap tomorrow due to professional obligations, coverage will return Wednesday…