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May 7, 2026 - World

A bombshell CIA memo distributed to administration policymakers the week revealed that Iran is in a far stronger military and economic position than President Trump has publicly claimed — directly contradicting the president's rosy assessments about the state of the war.According to a Washington Post report, the leaked classified intelligence assessment found that Iran can survive the U.S. naval blockade for at least three to four months before facing severe economic hardship — significantly longer than the White House has suggested.More critically, the Post is reporting, the CIA determined that Tehran retains substantial ballistic missile capabilities despite weeks of intense U.S. and Israeli bombardment. Iran has maintained approximately 75 percent of its prewar inventories of mobile launchers and about 70 percent of its prewar stockpiles of missiles, according to a U.S. official familiar with the assessment.The intelligence community found evidence that the Iranian regime has been able to recover and reopen almost all of its underground storage facilities, repair some damaged missiles, and even assemble new missiles that were nearly complete when the war began, the report notes.The CIA's more sobering assessment stands in sharp contrast to Trump's public statements. On Wednesday, Trump claimed Iran's missile capabilities had been devastated, telling reporters: "Their missiles are mostly decimated, they have probably 18, 19 percent, but not a lot by comparison to what they had."The president's claim that Iran retains only 18-19 percent of its original missile inventory directly contradicts the intelligence community's findings that Tehran maintains around 70-75 percent.One U.S. official who spoke to the Post suggested the CIA estimate may even be optimistic about Iran's vulnerability. "The leadership has gotten more radical, determined and increasingly confident they can outlast U.S. political will and sustain domestic repression to check any resistance" inside Iran."Comparatively, you see similar regimes lasting years under sustained embargoes and airpower-only wars," the official told the Post and suggested that Iran could endure prolonged economic hardship far longer than the administration has publicly indicated.Three current and one former U.S. official confirmed the intelligence assessment's outlines to the Post, speaking on condition of anonymity to discuss the sensitive matter.

May 7, 2026 - World

Major energy companies are reaping enormous profits from the ongoing Strait of Hormuz stalemate triggered by Donald Trump's war on Iran, with European oil giants reporting dramatic earnings surges while American producers sit on the sidelines, the New York Times is reporting.British energy giant Shell reported robust first-quarter profits Thursday, with adjusted earnings soaring 24 percent to $6.92 billion — more than twice what the company earned in the previous quarter and significantly higher than analyst expectations.In a statement, Shell's chief executive, Wael Sawan, attributed the windfall to an "unprecedented disruption in global energy markets," with oil prices briefly trading above $126 a barrel last week.Shell is not alone in profiting from the conflict. Britain's BP more than doubled its first-quarter profit to $3.2 billion from the previous quarter, driven by superior oil trading and elevated prices. French oil company TotalEnergies reported quarterly net income of $5.4 billion and announced it would raise its dividend and double its share buybacks, the Times is reporting.According to the Times' Gregory Schmidt, that stands in sharp contrast to American oil producers who are reporting declining profits despite elevated prices. Exxon Mobil reported $4.2 billion in first-quarter earnings — down 46 percent from a year earlier — while Chevron's quarterly profit slid to $2.2 billion, a 37 percent drop year-over-year. The Times report adds the caveat that the companies attributed the declines to accounting adjustments and paper losses they said would be unwound in coming months as gas prices stay high.Exxon Mobil and Chevron — the two largest American oil producers — announced Friday they have no plans to increase oil drilling to capitalize on higher gas prices, a decision that suggests the companies are skeptical about the longevity of the price spike or wary of backlash over profiteering during wartime, the Times is reporting.

May 7, 2026 - World

North Korea's recent changes to its constitution -- including language that indicates reunification with the democratic South is no longer a priority for Pyongyang -- have fueled both a bit of optimism and a healthy dollop of skepticism in Seoul.

May 7, 2026 - World

Turmoil and violence rocks state after prime minister Narendra Modi’s party claimed victory in legislative electionTensions have been high in the Indian state of West Bengal after a top political aide from Narendra Modi’s party was shot dead in the street and hundreds were arrested as violence broke out following elections this week.The prime minister’s Bharatiya Janata party (BJP) claimed victory in the West Bengal elections on Monday, defeating Trinamool Congress (TMC), which had ruled over the state legislature for 15 years. Continue reading...

May 7, 2026 - World

Georgetown University's six-figure contract with a Qatari government group to host conferences on Islamophobia has raised questions about whether the university violated federal law by failing to register as a foreign agent.