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A homeless woman previously banned from President Trump’s Mar-a-Lago estate was arrested for once again trespassing on the ritzy Florida property, according to police.

Iran's Economy On The Ropes Amid Hyperinflation And Widespread Gas Shortages, As Trump Blockade Bites

Bessent is on a roll: first his attempt to send yields sharply lower by announcing an aggressive TSY buyback expansion, failed spectacularly, and then today, the US “economic D-Day” against Iran and unviled by Bessent, turned out to be "less Normandy and more Grenada", according to Bloomberg. But maybe, just like in the case of last week's "failed intervention", Bessent doesn't actually have to do much - in that case, all the Treasury secretary needs to do is spark a short squeeze (as noted earlier, Treasury CTA shorts are the highest on record), while Iran appears to be having some big problems of it own without Bessent even having to do much.

According to Bloomberg, Iran is facing mounting fuel shortages as the US squeezes its access to imports, stretching supplies of a commodity that previously sparked bouts of unrest in the country.

The state-run Hamshahri newspaper on Sunday reported long queues at petrol stations in Tehran because of fears of price hikes, with many drivers filling up tanks before they’re even half empty.

A top official in charge of domestic energy supply said the gasoline market had a daily deficit of 14-15 million liters due to record demand, damage incurred in the war and “changes in the national budget’s priorities.”

“We have to do something to bring consumption down to domestic production levels,” Esmaeil Saqab Esfahani, head of the Energy Optimization and Strategic Management Organization, said last week, according to the semi-official Iranian Students’ News Agency.

Needless to say, growing fuel shortages - and mounting popular unrest - will test Iran’s ability to keep the economy moving as the US launches what Treasury Secretary Scott Bessent described on Monday as “the single greatest financial offensive ever marshalled against an adversary.” 

People line up to fill up their cars at a gas station in Tehran on Feb. 28.

As Bloomberg notes, gasoline prices are a highly sensitive issue in oil-rich Iran, where state subsidies mean consumers benefit from some of the cheapest petrol in the world. Or should.

Past efforts to raise prices have led to deadly protests, most notably in 2019, when hundreds of Iranians were killed by security forces. Throw in rampant inflation and a worsening currency crisis now crushing millions of ordinary households in Iran, and a spike in gasoline prices could be the lit match that sparks a new explosion in public anger, similar to the deadly protests in January. 

For their part, Iranian officials have been warning the public for months that price hikes may be inevitable because Israeli and US strikes on fuel storage sites and other energy facilities have compounded a longstanding supply-demand imbalance. Trump's blockade on Iranian ports has only made the situation worse by preventing imports that Iran normally relies on to offset shortages. 

President Masoud Pezeshkian, who has become an impotent figurehead,  appealed to the public for support as far back as May, as he mooted the possibility of rationing and urged people to use public transport where possible. But the warnings don’t appear to have worked. 

Last week, Iran’s parliament speaker and lead negotiator in the war, Mohammad Bagher Ghalibaf, said the US and Israel planned to exploit any rise in gasoline prices as part of their military operations against the Islamic Republic. Officials previously blamed an unspecified “foreign country” for a 2021 cyberattack on the country’s fuel network. 

In an attempt to mitigate the shortage, the government has tried to encourage drivers of the roughly 4.5 million dual-fuel cars on the road to switch to using compressed natural gas. Iran’s biggest oil processing plant, the Persian Gulf Star Refinery, also said it was using methanol to boost gasoline production, ISNA reported on Sunday.  Esfahani, the energy official, said the government is looking at three possible ways to manage the shortage.

1. The first is to distribute a fixed 121 million liters of fuel per day to gas stations before “switching off” forecourt nozzles once it runs out.
2. The second is to continue sales beyond that level but at a higher price
3. the third is to allocate quotas to individuals rather than cars.

Currently, Iran has a tiered quota system that provides each car with a monthly allowance of discounted gasoline. The first 60 liters costs 15,000 rials ($0.008) per liter, followed by 30,000 rials each for the next 50 liters and 50,000 rials for sales beyond that.

Last week the government abruptly abandoned a pilot program in the southern city of Kerman that would have increased the overall quota but applied a much higher price of 872,000 rials per liter ($0.46) for purchases above it.

Officials blamed mismanagement of the pilot for its failure, but the higher rate had also triggered widespread alarm in Kerman and stoked fears that the government was planning similar price hikes for the rest of the country.

And speaking of surging prices, Iran’s currency plummeted to new lows on Monday as the US announced further sanctions on the Islamic republic, whose citizens are now rushing to exchange lines to save their cash. 

The rial dropped to 2.02 million to one US dollar when the currency markets opened on Monday, meaning the currency is now worth about half of what it was at the start of the year.

The continued plunge during nearly six months of war has led Iranians in Tehran to sprint for the exchange markets in hopes of getting US bills before their rial falls even further.

“There is no hope for a deal and peace,” Sadegh Mahmoudi, 73, told the Associated Press as he waited at an exchange line in downtown Tehran.

Iran’s rial has been in a free fall since last November due to years of Western sanctions and persistently high inflation, factors that have only gotten worse during the war.

Iranian hyperinflation has led to a collapse in the rial.

While Iran’s official Central Bank rate stands at 1.5 million rial to the dollar, the market rate is what the average Iranian pays.

“President Trump decimated Iran’s economy to a point where the rial has never been weaker and inflation has rarely been higher,” US Treasury Secretary Scott Bessent wrote Sunday in an opinion piece in the Financial Times. 

“The regime’s final refuge now lies in the self-deception of fearful nations that still believe accommodating aggression can secure a durable peace,” he added.

Bessent warned that the additional financial penalties to come would effectively “collapse the regime,” with Trump echoing the same threat on social media.  

“IRAN IS COMPLETELY COLLAPSING!!!” the president wrote on Truth Social. 

In a tweet later in the day, Bessent said that "Iran’s currency keeps plummeting: today, crashing through the exchange rate of 2 million rials to the U.S. dollar. Over the weekend, Iran's Central Bank Governor Abdolnaser Hemmati said that the simultaneous drop in Iran’s oil revenues, tax income, and social security contributions has affected every part of Iran's economy. 3 million, here we come!"

Iran’s currency keeps plummeting: today, crashing through the exchange rate of 2 million rials to the U.S. dollar.

Over the weekend, Iran's Central Bank Governor Abdolnaser Hemmati said that the simultaneous drop in Iran’s oil revenues, tax income, and social security… pic.twitter.com/ZjOczci1Xi

— Treasury Secretary Scott Bessent (@SecScottBessent) August 24, 2026

With the United Arab Emirates, Iran’s largest trading partner, suspending all trade with Tehran, officials within the Islamic republic have threatened retaliation over the economic blows.

“Any escalation of this situation will undoubtedly bring about consequences,” Iranian Foreign Ministry spokesperson Esmail Baghaei told reporters on Monday. “Our hands are not tied.” 

Tyler Durden Tue, 08/25/2026 - 06:55

Piker appeared to warn Jews against supporting Israel while displaying an image of Michigan state Sen. Jeremy Moss.

When Busy Philipps spoke about her own diagnosis through her kids the comments section quickly overflowed with moms, chiming in. 

Sonya Massey’s family said they believed they were robbed of true justice after former Illinois sheriff’s deputy Sean Grayson, who was convicted in her murder, died of colon cancer just six months into a 20-year prison term.

How head coach Jordi Fernández tweaks and tinkers with their defense may ultimately determine just what kind of strides the young Nets can take.

The Post got a rare behind-the-scenes look at what it really takes to survive the wildly demanding recruitment process at one of the country’s biggest SEC schools – from dusk-till-dawn days and painstakingly rehearsals to the moment hundreds of wannabe sisters descend upon their Baton Rouge mansion. 

A convincing return to the postseason would be the first step in the Rangers’ best-case scenario for this upcoming season.

"You'd look around and there would be people snorting lines of cocaine around you. It was so normalized," one sorority girl told The Post.

Bessent, according to Wall Street executives who deal with him regularly, is particularly worried that traders will continue to pile into a trade on long dated treasuries that will send prices lower.

The new-look mixed doubles tournament is back for a second year.

Hasan Piker's audience is a Democratic audience, and the party wants his support, even if its candidates won’t take responsibility for what Piker actually believes. 

A marshaller at Montreal airport was left seriously injured after being struck by a plane while it was pushing back, according to reports.

Uranium Awakens From Five-Month Slumber As UBS Warns Market Is "Tightening Structurally"

Bloomberg's continuous front-month uranium futures contract (UXA1 Comdty) briefly surged above $100 a pound in late January, driven by tightening supplies, renewed government support for nuclear power, and rising electricity demand from the AI infrastructure boom.

Uranium futures then retreated and remained range-bound between $84 and $87 for five months. But momentum has returned in August, with prices approaching $89 a pound, the highest level since early February.

The ongoing theme is that years of underinvestment have limited mine supply growth despite rising reactor demand. New uranium projects can take a decade to develop, leaving producers unable to respond quickly to higher prices. Output is also concentrated among a handful of miners, such as Cameco. 

Goldman analysts have routinely pointed back to these charts, which show that the uranium market has entered a deficit and that the gap will only widen as new reactor demand comes online in the years ahead.

China is firmly leading the global expansion and is expected to become the world's largest nuclear power market by the end of the decade.

UBS analyst George Eadie noted earlier this month, "Continued strength in term pricing and signs of accelerating utility procurement offer further evidence that the uranium market is tightening structurally."

Regular readers know that nuclear power sits at the intersection of several of our highest-conviction themes: powering up America, reindustrializing the nation, and meeting the massive new electricity demands of the AI buildout.

Related:

• Nano Nuclear Energy Signs Commercial Framework With Tillman To Enable Nuclear Power For Data Centers

As hyperscalers accelerate data-center construction, electricity availability is emerging as a critical bottleneck. Nuclear is the only scalable, low-carbon energy source capable of delivering reliable, around-the-clock baseload power, turning the nuclear renaissance into a theme that will last for years to come. 

Tyler Durden Tue, 08/25/2026 - 05:45

"GLP-1 medications ... may reduce how strongly people respond to certain rewards or urges," said the study's co-author.

Details Of Iran's First Known Successful Cyberattack Against A UK Energy Facility

Via Middle East Eye

Iranian hackers shut down a British power plant for four days in an unprecedented cyber attack, the Sunday Telegraph reported.

According to the newspaper, the incident appears to mark the first time Iran-linked hackers have successfully shut down such a British facility.

AFP: Members of the US Air Force prepare munitions at RAF Fairford in south-west England, March 10, 2026.

The incident occurred alongside an alleged series of attacks on US water infrastructure last month, which affected at least 12 states and caused concern in the White House.

The Telegraph said that British officials have refused to disclose which facility was affected, citing security concerns.

A spokesperson for the Department for Energy Security and Net Zero said that the attack impacted a "small-scale energy generator", posing no "risk to the wider energy system".

No outages were reported following the incident, according to the National Cyber Security Centre (NCSC), which deals with attacks on critical infrastructure.

The British government subsequently briefed chief executives of power companies and wrote to businesses with advice, direction and next steps.

The attack appears to mark an escalation following the UK's decision to grant the US permission to launch "defensive operations" against Iran from British bases.

In March, Prime Minister Keir Starmer’s government had granted permission to the US military to use the Royal Air Force base in Fairford and the joint facility on Diego Garcia, for limited operations against Iranian missile facilities that "directly threatened British personnel", regional allies, or sovereign assets.

The authorization was subsequently expanded, allowing the US to launch strikes against active Iranian missile infrastructure targeting commercial oil shipping channels in the Strait of Hormuz.

In June, an Iran-linked hacker-activist group, Handala, claimed responsibility for a cyber intrusion targeting water facilities in California, saying the action was carried out in retaliation for alleged US strikes on water infrastructure in southern Iran. 

The group said it had obtained data from the systems and described the breach as a warning to Washington.

In a statement, Handala said it had the capability to disrupt water supplies but "stopped short of actually cutting off water to American cities", citing a different ethical code than its adversaries.

The group also said it had published five gigabytes of data as evidence of the intrusion.

In April, the group said it obtained at least 19,000 sensitive files after targeting the personal phone of former Israeli army chief of staff, Herzi Halevi.

"All your top-secret facilities, crisis rooms, maps, and even the tiniest details of your command centers have long been like an open book to us," the group said in a statement posted on its website. 

BREAKING: Iran-linked hackers reportedly shut down a small UK power facility for four days in an unprecedented cyberattack, according to The Telegraph.

The incident is believed to be the first known successful cyberattack of its kind against a UK energy facility. It reportedly… pic.twitter.com/srUcgc5QsZ

— The Geopolitics (@Newstoday555) August 23, 2026

The files, some of which were seen by Middle East Eye, showed Halevi meeting with Arab officials.

In one undated photo taken in Qatar, Halevi could be seen attending a meeting with former US Central Command (Centcom) chief Michael Kurilla. 

Tyler Durden Tue, 08/25/2026 - 05:00

City courts, in particular, are the last vestige of Tammany-style bossism, with judges overwhelmingly selected not on any kind of merit, but by the needs of the local Democratic leaders who control the party judicial-screening panels: If they put you on the ballot, you win.

"Take what's broken, make it whole."

Here is everything you need to know to plan your fall foliage trip, including expected peak timing and some of the best places to see the fall colors.

A team of scientists have produced organoids that have become the world’s oldest lab-grown human brains — with some cells growing for around seven years. Harvard scientists developed the peppercorn-sized cell clusters for more than five years – shattering the previous record of 694 days, according to an article published in Nature last Wednesday. But...