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Home The Fat Pipe Aug 24th, 2026: It’s Iranian Sanction Day, The Continuing Oil Crisis, Bessent Scrambles, & Grab Bag

The Fat Pipe Aug 24th, 2026: It’s Iranian Sanction Day, The Continuing Oil Crisis, Bessent Scrambles, & Grab Bag

I scour the news so you don’t have to. Here’s what’s important to know that’s transpired since last Friday…

The User's Profile Chris Martenson August 24, 2026
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Happy Monday.  Wow.  Hard to believe Summer is almost over up here in the Northern Hemisphere, and that Winter is winding down in the Southern Hemisphere.

We’re swamped with garden products.  If we had pigs, the unused food would feel less wasteful.  Pigs are the perfect complement to an oversized garden.


The Iran War Limps Along

Today, Monday August 24th, the U.S. is set to announce what has been billed as the most comprehensive set of punishing sanctions ever devised on Iran.

The details have been less than vague so far.  Philip Pilkington (who I am re-interviewing again today…can’t wait) puts it this way:

We find out today at 1:00 pm what these “Economic D-Day” sanctions ever really are.

But, whatever they are, their main target, China has already said, “We’re not going to comply.”

So…dead on arrival?  Or does the U.S. do something even more monumentally self-sabotaging by going after China?

Iran doesn’t seem too worried:

Meanwhile, vessels continue to be struck pretty much every day:

As always, I am deeply suspicious of these claims or “Iranian hackers’ because such evidence is very easily spoofed. Instead, this looks to me like the work of somebody who really wants the UK to become more involved with the Iran war.  That list of suspects really only has two names on it.


The Oil Crisis Remains

I’m not sure about where you live, but here in MA both gasoline and Diesel are back

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