The backlash to Iranian oil sanctions relief misses the point

Source: The Hill
by Brett Erickson

“The Trump administration is currently coming under fire for their decision to temporarily lift sanctions on Iranian oil, but the proposed alternatives have become detached from reality. The vocal opponents are treating the decision as though Washington willingly handed Tehran an enormous economic windfall beyond what they would earn regardless of sanctions being imposed. Some are now even pushing for the administration to retroactively amend the waiver by forcing Iranian oil revenues into escrow accounts, which is something Iran would never have agreed to. That may sound tough. It may sound politically appealing. It is also a great way to ensure the destruction of the agreement that reopened the Strait of Hormuz. Diplomacy is not about obtaining ideal outcomes. It is about obtaining achievable outcomes.” (07/02/26)

https://thehill.com/opinion/national-security/5949142-trump-admin-iran-sanctions-waiver/

A Colonial Coming of Age

Source: Law & Liberty
by James Wallner

“This weekend, Americans will celebrate the 250th anniversary of our country’s independence in nationwide celebrations featuring backyard barbecues, fireworks displays, and concerts. President Donald Trump echoed the sentiments of many patriotic revelers and underscored the Declaration’s centrality to America’s political identity when he described the event. ‘With a single sheet of parchment and 56 signatures, America began the greatest political journey in human history.’ But America didn’t begin its journey by declaring its independence. Before those 56 men signed the hallowed document, important events had already made independence a reality. By the summer of 1776, America was well on its way.” (07/02/26)

https://lawliberty.org/a-colonial-coming-of-age/

Lithuania: Regime scraps nuclear weapons ban

Source: CNBC

“Lithuanian President Gitanas Nauseda on Thursday said the Baltic country’s top political leaders had agreed that a constitutional ban on the domestic deployment of nuclear weapons should be removed. The decision comes shortly after lawmakers in Finland, another NATO member that shares a border with Russia, voted to lift its longstanding ban on nuclear weapons. … The removal of the provision means Vilnius can adapt to evolving security circumstances in the future, Nauseda said. He added, however, that there were no immediate plans to store nuclear weapons in the country.” (07/02/26)

https://www.cnbc.com/2026/07/02/russia-ukraine-nato-lithuania-nuclear-weapons.html

The Love of Lithium

Source: Foundation for Economic Education
by Sascha Hannig

“[E]lectrification has become a tool of strategic resilience, but electrification—both in appliances and in alternative and green energy supplies—depends on batteries, and batteries depend heavily on lithium; and who owns lithium? Few are asking this question, and, most importantly, how it affects liberal countries, the state of democracy in the Global South, and international supply chains. This is why the lithium market now sits at the center of geopolitical competition.” (07/02/26)

https://fee.org/articles/the-love-of-lithium/

There Are Very Few Socialists in America

Source: Paul Krugman
by Paul Krugman

“Fox News has a poll supposedly showing ‘socialism gaining ground with young voters.’ But I don’t believe it. Young people may be more receptive to the word socialism, but that’s only because right-wingers constantly use that word to smear policies that have nothing to do with real socialism — i.e., government ownership of the means of production. The fact is that very few Americans — even among politicians who call themselves ‘democratic socialists’ — are really socialists. What many, I’d say a majority, of Americans support is what Europeans call social democracy — an ideology that is OK with living in a mostly market-driven economic system in which some people make much more money than others, but one that advocates policies to tame markets and inequality with progressive taxation, safety net programs, and regulations.” [editor’s note: Actually, socialism is defined as worker control, not government ownership, of the means of production. In STATE socialism, the state is a supposed proxy for the workers – TLK] (07/02/26)

https://paulkrugman.substack.com/p/there-are-very-few-socialists-in