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Home The Fat Pipe June 1st, 2026: No Deal No Ceasefire, The Barnacle Crisis, Insane Bubble Indicators, & Grab Bag

The Fat Pipe June 1st, 2026: No Deal No Ceasefire, The Barnacle Crisis, Insane Bubble Indicators, & Grab Bag

Just when you thought things could not get any more ludicrous…

The User's Profile Chris Martenson June 1, 2026
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Good morning and happy Monday, everyone.  Evie and I had an especially busy weekend doing an endless variety of farm projects.  One of my larger challenges has been figuring out where and how to store all of the things that we’ve ordered.

I mowed fields, cut wood, assembled things, weeded the garden, and made time to speak with a neighbor (well, next town over) who shares our outlook on the world and the direction of things.

And, of course, I read the news and scanned X all weekend to keep on top of events.  So, let’s dive in.


No Deal, No Ceasefire

The ceasefire continues to be just a tad more fiery than cease-y.

The US bombed Iranian targets over the weekend:

In response, Iran fired a couple of rockets at a US military installation in Kuwait, claiming to have destroyed an MQ-9 Reaper drone and injuring 7 US personnel.

US CENTCOM immediately said, “No way!”

Iran’s Foreign Minister did not mince any words:

Ditto for Iran’s top negotiator:

As you probably already know, Trump sank the proposed peace deal (MOU) by adding last-minute ‘requirements’ on Friday. Over the weekend, no observable progress has been made.  It’s almost like he wants the Strait of Hormuz to remain closed (the subject of last Friday’s Scouting Report, if you haven’t seen it).

Iran, noting the barbaric and savage destruction of Lebanese towns and cities by Israel, just reiterated that these actions are violations of the ceasefire agreement that

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