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Home The Fat Pipe, June 12th 2026: The End of the Neverending Peace Deal?, an Oil Supply Update, the AI Bubble, and Grab Bag

The Fat Pipe, June 12th 2026: The End of the Neverending Peace Deal?, an Oil Supply Update, the AI Bubble, and Grab Bag

“Sometimes I wonder whether the world is being run by smart people who are putting us on, or by imbeciles who really mean it.” ~ Mark Twain

The User's Profile Chris Martenson June 12, 2026
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Note:  This is mainly being put together 24 hours earlier than usual because later tonight I am off to a Brownstone retreat.  Some attendees include:  Charles Eisenstein, Joseph Ladapo, and Walter Kirn.

So, it’s possible that things might have transpired overnight that really ought to have been included.  Such are the times in which we live.


The End of the Neverending Peace Deal (a.k.a The Trump/Bibi War)?

Is the war on or off?  Is there a deal or not?  How much damage is each side doing to the other?  Sadly, nobody knows the answers to these questions.  At least none of us who have a ringside seat.

Trump is now threatening more war crimes:

The US attacked and bombed the tanker MT Settebello in the Gulf of Oman:

And the MT Jalveer:

In response, Iran fired dozens of ballistic missiles at a US Air Force base in Jordan.  The Jordanian government released a statement saying that all missiles had been successfully intercepted and the ground crews were cleaning up fragments and debris.

This video suggests the Jordanian government was being a tad optimistic in its assessment of the interception success rate:

And this video of missiles raining down and missile defenses streaking skyward clearly shows a pretty high sneak through rate (toward the end, I count five making it through):

Also, there are reports that Israeli targets were hit:

My suspicion is that the US and Israel lost significant assets last

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This post is a factual post with information Taken from the Hebrew Immigration Aid Society. I will present the factural information first, then put...
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