Iran Phase II: The "Hardware Wall" Meets the Diplomatic Mirage

The Distilled Perspective from the Desk of Patrick T Bulger
Capital Management & Analytics, May 15, 2026

•     Iran Expansion?
What began as a singular engagement,
has now attracted involvement of China and Russia.

Intelligence indicators suggest reserve launchers have been unearthed.
Iran appears as unchanged in their statements.

In some ways, it's looking like a back to square one.
Hormuz still not open.

Global clock of need is ticking.
Headlines are beginning to mention fuel rationing and flight cancellations.

The Ohio Class Sub, The Alaska has been noted near Gibraltar.
This is viewed as a Big Deal.

•     Russia
Suddenly Sounding Peaceful?
I'll go with: Not Trust & Double Verify.

These are war times, not cold war times.

Reports of Russia playing the curl up in a ball role are to be ignored.
If it were the case, they'd simply stop. They haven't...More to come.

It was only a few weeks ago that Iran sent a delegation to Russia to have a meeting.
We're in the playing out period of that meeting.

•     China
To enter Iran war before Xi-Trump meet?
Beijing angry after its ship attacked near UAE
(Source: Hindustan Times, Sat, May 9, 2026)

These topics do not include my views on
Inflation, Global Systemic Finance, Banking Conditions,
nor my full view of the Macro environment.

•     Simply put, I do the data, insight & portfolio work for you,
So you can go out & Live Your Life, Your Way.

Full insights for Clients only.

Future clients: Click the "Ask" button ot reach out (Strategic Analytics since 1997).

Thanks for your time today.
Talk soon,
PTB

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