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Home CRIB 10/23/26: Expect Trouble This Weekend; Energy News; Economic Update; Tracking the AI Bubble; and Grab Bag

CRIB 10/23/26: Expect Trouble This Weekend; Energy News; Economic Update; Tracking the AI Bubble; and Grab Bag

It looks like the Iran war is about to get put back on the front burner. If it does, and Iran responds as promised, then energy prices are going to spike and global shortages will arise…leading to all sorts of economic misery.

The User's Profile Chris Martenson October 23, 2026
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Happy Friday, everyone!   I’m hoping for a calm weekend, but events may not provide that solace.  So, let’s dive in…


Expecting Trouble This Weekend

All the signs point to another round of attacks by the US and Israel against Iran this weekend:

This week Hegseth went to Israel to meet with Bibi, presumably to discuss the resumption of major kinetic attacks against Iran.  Rumors say the information shared was persuasive (just like last time?).

For his part, Bibi remains as defiant as ever.  Presumably, this means that Israel would love the U.S. to join in another round of attacks, but will do so anyway even if the U.S. doesn’t oblige.

On Wednesday of this week, Bibi said that “Toppling the regime is the only way to end the threat.”  He also said he spoke with Trump on Monday about that goal.

Iran has said that if it’s struck again it will enter a ‘more offensive mode’ focusing especially on Gulf energy infrastructure, undersea cables, data centers, AI facilities, and US-linked assets in the region.  If this happens, especially the energy infrastructure, then a global economic depression is assured.

“Some US Planners” are completely bonkers, and almost assuredly neocons who believe in this nonsense:

Iran has been hitting a lot of vessels in and around the Strait of Hormuz.  While the US government hasn’t been making much noise about these attacks, they’ve been quite effective and sustained:

October has been a very busy month, the busiest so far.

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