Iran’s latest move in Gulf states stroke of genius

Colorful Political Map of Gulf Cooperation Council (GCC) Countries with ...

By Martin Jay | Strategic Culture Foundation | March 9, 2026

After just a week into Donald Trump’s war, there is very little to report which should or could please the U.S. president. Much of America’s infrastructure in the Middle East has been destroyed with U.S. soldiers now housed by hotels in Gulf states as there is nothing left of their bases. The stocks that these countries have as part of their air defence systems is almost depleted as military chiefs argue about how quickly they can be replaced (some THAAD and Patriot systems are being shipped from Japan and South Korea) and Iran is hitting Israel harder and harder each day.

Of course, due to the new draconian rules which Israel has imposed — that no military strikes that Iran succeeds in carrying out can be ‘reported’ on by journalists or even citizens who wish to post it on social media — as well as the comically corrupt, partisan way U.S. news outlets are covering the war, very little bad news gets seen by the public, if any.

Under this set up, it is hardly surprising that Trump went to war, given that he must have factored in a great deal of support from U.S. media, whom he claims to despise. In this regard, we can conclude that media itself is complicit in war crimes, given that it has played a huge role in the decision to go to war and also the day to day reporting of events on the ground.

A good example of the few points of the war which are reported, but done in such a distorted way, is the news that Iran has stopped its bombing of GCC Gulf states. This has been presented as a victory by the U.S. and a climb down by Iran. The truth though is that it is a considerable victory for Tehran as what is not being reported or even examined is the deal that Iran has struck with those countries.

None of those countries will allow any kind of military activity now by U.S. forces there, which means the thousands of U.S. soldiers in hotels in these GCC Gulf states might as well head back home as their role there is redundant. Of course it’s unlikely that Trump will move them out as such an event will be captured by many on social media and will look like a great defeat. But some analysts are going further and speculating that there is more bad news for Israel and the U.S. with this latest move. Not only has Iran insisted on no activity at all in these countries by U.S. forces but they have also said that when the war is over, all the bases must be completely shut down.

Sadly, the gesture didn’t hold for long as it is rumoured that Iran’s elite guard was angered by Trump’s response and so the missile attack on the Gulf states continued.

Against a backdrop of rumours spreading throughout the middle east that Saudi Arabia, UAE and Qatar were considering jointly to completely pull out their investment in the U.S., this move, even as a gesture, couldn’t have come at a worse time for Trump.

His media machine is working overtime in spewing out so many fake news reports, like the recent one that the U.S. has total air superiority over Iran, that it will be interesting to see how this is spun in the coming days. But there is nothing but lies from the Trump camp and as a complicit western media scrum is happy to pump out these lies, people are obviously turning to social media or international news channels in the global south, like CGTN and Russia Today.

For many Americans, they are simply too dumb to know how to even question the narrative. Where is the video footage to support these preposterous claims that American has air superiority over Iran? Within 24 hours of Trumps B2 bombers hitting nuclear sites in Iran last year in June, media were given video clips of the satellite imagery. So far, the claims by Trump’s people about air superiority, have not been matched with any evidence. None the less U.S. media reports it more or less like it is fact.

It’s a similar story with the claims about the U.S. navy sinking 20 Iranian vessels. Where’s the evidence? If we are to take into account completely defenceless ships like the unarmed frigate that was sunk in international waters after it returned from a joint exercise with India, it would seem that America is on the losing side. Not even Japanese naval strikes in the WWII would blow up enemies’ ships and not then pick up survivors. The Americans left 80 sailors to drown, the same seamen who posed with photos days earlier with Prime Minister Modi, who, it should be pointed out often claims that India is the “guardian of the Indian ocean”, a patently absurd claim. Many believe Modi sold the Iranians out and disclosed its position to the Americans, leaving many to question just how much he can be trusted with his present allies. Will Russia still sell its oil to India after such a betrayal?

It’s clear that the Iran war is already WWIII in many respects. Certainly each side has its partners and media have made much of Russia’s intelligence support to Iran pointing out American positions, while China has given Iran considerable military support both in state of the art radar systems and ground to air missile systems. The sinking of the Iranian ship shows us all the depth of the desperation of America, that it needs to go as far as hunting for Iranian ships thousands of miles away and sinking them, even if they are unarmed as this ship was. Does that look like the act of a confident aggressor on a victory role? Hardly.

It isn’t just that America can barely hold the high moral ground for even a brief, ephemeral media moment, but more that the number of shocking tactical errors by Trump are piling up and having an impact. The failure to see that killing the supreme leader, who has been replaced by a hard liner who has always wanted Iran to have a nuclear deterrent, was a major act of stupidity. Nearly all U.S. wars follow the same pattern of America underestimating its enemy and overestimating its own capabilities and this one is no exception.

The move to bring the Gulf states closer to Iran and turn them against the U.S. is smart and what we could expect from Iran who has had years to prepare for this attack and has been given so many free lessons by America’s blunders — the best one being the June attack which resulted in Iran upping its game and identifying all the weak spots which needed work. The biggest miscalculation probably of all is going to war in the first place believing that regime change would be inevitable in days and therefore no longer-term plans, in terms of military stocks, need to be addressed. America is about to run out of ammo. For the Gulf states, it’s quite possible that the deal might be reinstated in the coming days as a new truth emerges from the war. While Donald Trump tells reporters on Air Force one that Iran was responsible for bombing its own school, Gulf state leaders will have to wake up to a new reality which is summed up by Henry Kissinger. “It may be dangerous to be America’s enemy, but to be America’s friend is fatal.”

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Via https://alethonews.com/2026/03/09/irans-latest-move-in-the-gcc-countries-was-a-stroke-of-genius/

Blackrock Blocks Investor Withdrawals: Entire Private Credit Industry Shaking

European Business Investment

Something significant happened in global financial markets this week that received far less attention than it deserved. BlackRock — the world’s largest asset manager, overseeing more than $10 trillion in assets — blocked nearly half of the investors who requested withdrawals from its $26 billion private credit fund from getting their money back. Not because the fund had collapsed. Not because of fraud or regulatory intervention. Simply because too many people wanted out at the same time, and the fund didn’t have the liquidity to pay them all.

This is not a minor operational footnote. It is a structural warning sign about one of the fastest-growing and least-understood corners of global finance — and the reverberations are already being felt across the entire asset management industry.

What Actually Happened at BlackRock

The mechanics are straightforward, even if the implications are not. BlackRock’s private credit fund received $1.2 billion in withdrawal requests this quarter — representing 9.3% of the fund’s total assets. BlackRock capped redemptions at 5%, paid out $620 million, and locked the remaining requests. In plain terms: almost half the investors who wanted their money back were told to wait.

Simultaneously, BlackRock wrote down a separate $25 million loan to zero — a loan that had been valued at full price just three months earlier. An asset that was considered healthy at the end of last quarter is now worth nothing. That kind of overnight impairment is precisely the event that triggers the next wave of withdrawal requests, as investors who were previously comfortable begin reassessing their exposure.

The two events together — a redemption gate and a sudden write-down — paint a picture that private credit investors have long been assured could not happen. It is happening now.

BlackRock Is Not Alone

What makes this moment particularly significant is that BlackRock’s situation is not an isolated case. Across the private credit sector, the same pressure is building simultaneously. Blackstone’s equivalent fund saw a record 7.9% in redemption requests — a figure that forced the firm to raise its withdrawal cap and inject $400 million of its own capital simply to cover investor demand. When one of the world’s most sophisticated alternative asset managers has to put its own money in to cover outflows, something has changed materially in investor sentiment.

Blue Owl went further still. Rather than partially honouring redemptions or raising caps, the firm stopped honouring them altogether and replaced withdrawal requests with IOUs — a formal acknowledgment that it cannot currently meet its liquidity obligations to investors. The market responded accordingly. BlackRock’s stock dropped 5%. KKR, Carlyle, Apollo, Ares, Blue Owl, and TPG all fell between 5% and 6% on the same day. The entire private credit sector sold off in a single session — a collective repricing of risk that the market had been slow to price in.

Why Private Credit Is Structurally Vulnerable to This

To understand why this is happening, it helps to understand what private credit funds actually do. Unlike public bond markets, where debt instruments can be bought and sold on exchanges with relative ease, private credit funds make loans directly to companies — loans that are illiquid by design. They cannot be quickly sold to raise cash. They sit on the fund’s balance sheet until they mature or are repaid.

This creates a fundamental mismatch. Investors in these funds are often offered quarterly redemption windows — the ability to request their money back on a regular basis. But the underlying assets cannot be liquidated on that timetable. When withdrawal requests are modest and staggered, the mismatch is manageable. When too many investors want out at the same time — as is now happening — the fund simply does not have the cash to pay everyone, regardless of how healthy the underlying loans may be.

JPMorgan’s Bill Eigen captured the risk succinctly: “Bad news often happens all at once. The opacity and the leverage in the sector is concerning.” That opacity is central to the problem. Unlike public markets, where prices are discovered continuously and information flows freely, private credit valuations are set by the funds themselves, on their own schedules, using their own methodologies. A loan can be carried at full value one quarter and written to zero the next — with no market mechanism in between to signal the deterioration.

The Macro Backdrop Making Everything Worse

The redemption pressure hitting private credit funds is not occurring in a vacuum. It is happening against a macro backdrop that has shifted dramatically and adversely for the sector on multiple fronts simultaneously.

Oil prices are rising sharply as the Iran war escalates, adding inflationary pressure that makes rate cuts increasingly difficult to justify. The Federal Reserve, which was widely expected to begin easing policy this year, now faces an environment in which cutting rates risks reigniting inflation at precisely the wrong moment. That matters enormously for private credit, because the sector boomed during the era of cheap money and high leverage. Rate cuts off the table means refinancing pressure on the corporate borrowers that these funds lend to.

Meanwhile, AI is disrupting the software sector at a pace that is beginning to impair the revenues of companies that borrowed heavily from private credit funds during the growth years. The borrowers are under pressure. The lenders — these funds — are therefore under pressure. And now the investors in those funds are heading for the exits at the same time.

This is what a liquidity crisis in slow motion looks like before it becomes a crisis in fast forward.

What Comes Next for a $1.8 Trillion Industry

Private credit has grown from a niche corner of alternative finance into a $1.8 trillion global industry over the past decade. It expanded rapidly precisely because it offered what public markets could not: higher yields, lower volatility on paper, and steady income in a low-rate world. Institutional investors — pension funds, sovereign wealth funds, endowments — poured money in.

The question now is whether the conditions that made private credit attractive have fundamentally changed, and whether the redemption gates being erected this quarter are a temporary friction or the first visible symptom of a deeper structural problem. The write-downs, the IOUs, the injections of proprietary capital to cover outflows — none of these are the behaviours of a sector operating normally.

When the biggest asset managers in the world start telling investors they cannot have their money back, the burden of proof shifts. The industry now needs to demonstrate that this is a manageable liquidity event rather than the leading edge of something larger. Given the opacity of the sector, the leverage within it, and the macro environment pressing in from every direction, that is a case that will be increasingly difficult to make.


FAQ

Q: Why is BlackRock blocking investor withdrawals from its private credit fund? BlackRock received withdrawal requests totalling 9.3% of its $26 billion private credit fund in a single quarter — more than its liquidity position could support. Because private credit funds hold illiquid loans that cannot be quickly sold, they impose redemption caps to manage outflows. BlackRock capped withdrawals at 5%, paid out $620 million, and locked the remainder. This is not unique to BlackRock: Blackstone has seen record redemption requests and Blue Owl has replaced withdrawal requests with IOUs entirely.

Q: Is the private credit industry heading for a systemic crisis? The simultaneous appearance of redemption gates, loan write-downs, and falling share prices across multiple major private credit managers suggests the sector is under genuine stress rather than isolated pressure at a single firm. With $1.8 trillion in assets, rising oil prices, rate cuts off the table, and AI disrupting the corporate borrowers these funds lend to, the macro environment has turned materially adverse. Whether this remains a liquidity management challenge or escalates into a broader crisis will depend on how quickly investor sentiment deteriorates and whether further write-downs materialise across the sector.

[…]

Via https://europeanbusinessmagazine.com/business/blackrock-just-told-investors-they-cant-have-their-money-back-and-the-entire-private-credit-industry-is-shaking/

Kurds don’t ‘trust’ US to back them against Iran

Kurds do not ‘trust’ US to back them against Iran – Axios

RT

Iraq’s Kurds are against joining the US attacks on Iran, and have voiced concerns about being left facing Iranian retaliation with no ground or air defense support, Axios reported on Saturday.

The CIA began working to arm Kurdish forces hostile to the Islamic Republic after the US and Israel launched strikes on Iran last Saturday, according to CNN. While US President Donald Trump initially voiced support for Kurds getting involved in the conflict, he backpedaled on the idea on Saturday.

“The Kurds must not be the tip of the spear in this conflict,” Axios wrote, citing a senior official from the Kurdistan Regional Government (KRG), a semi-autonomous region in northeastern Iraq.

The Iraqi Kurds are “staying neutral” as “there is no clarity” for them on whether Washington is aiming for a full regime change in Iran or just a “change in personnel,” the KRG official reportedly said. Trump has stated that the US will be involved in deciding who leads Iran in the future but has not elaborated on how this would work.

According to Axios, the Kurdish regional forces don’t think regime change as possible without Washington deploying a ground invasion, and they don’t see the US putting boots on the ground.

Israel has been far more aggressive both in the conflict and in “pushing Iranian Kurds” to join the fray, the KRG official reportedly said.

“In the past, two major uprisings were not supported” by the US, the outlet wrote, citing Amir Karimi, co-chair of the Kurdistan Free Life Party, the Iranian wing of the Kurdistan Workers’ Party. Widespread Western-backed protests wracked Iran in 2022-2023 and earlier this year, yet failed to unseat the leadership in Tehran.

In part, Kurds are staying back due to fears that the US will abandon them again, Axios cited another Kurdish official as saying.

The regional Kurdish forces in Syria served as the main US proxy against the Islamic State during the country’s brutal civil war, which ended with the ouster of Bashar Assad by Ahmed al-Sharaa – a former Al-Qaeda-linked militant leader.

Rapprochement between the US and the new government in Damascus has left the Kurds with no military support in multiple bloody clashes with the new government forces.

[…]

Via https://www.rt.com/news/634187-kurds-no-trust-us-iran/

Is Russia Feeding Tehran real‑time coordinates for American warships, aircraft and bases?

Hindustan Times

From Moscow, Sergey Lavrov vows Russia will “do everything” at the UN to stop Western operations, even as U.S. intel says Putin’s spies are quietly feeding Tehran real‑time coordinates for American warships, aircraft and bases across the Middle East. Washington officials say Iran’s strikes on radars, command posts, a CIA station in Riyadh and U.S. troops in Kuwait suddenly look far more precise, while the Pentagon burns through “years’ worth” of munitions in days. Yet Pete Hegseth insists there is “no shortage” of weapons and vows the U.S. can fight “as long as we need to.”

Iran Launches Strike on Strategic Israeli Base

Prof. Jiang Xueqin

Iran Launches Strike on Strategic Israeli Base | Prof. Jiang Xueqin Geopolitical Analysis Tensions in the Middle East have reached a dangerous new level as Iran launches missile and drone strikes targeting strategic Israeli military sites. The attack is part of a broader escalation following joint U.S.–Israeli strikes on Iranian military and leadership targets, triggering a cycle of retaliation across the region.

In response to earlier attacks on Iranian facilities and leadership compounds, Iran launched waves of ballistic missiles and drones toward Israel and several U.S. military positions in the region, signaling a major expansion of the conflict.

In this video, Professor Jiang Xueqin breaks down the strategic significance of these strikes and explains how they fit into the larger geopolitical confrontation between Iran, Israel, and their allies. Using game theory, military strategy, and predictive history, Jiang explores why attacks on strategic military bases can dramatically shift the balance of power in a regional war. In this analysis you’ll learn:

• Why Iran targeted key Israeli military bases • The strategic role of missile and drone warfare in modern conflicts

• How the Iran–Israel confrontation could expand into a regional war • The military and geopolitical consequences of escalating retaliation

• What this conflict means for global stability and energy security Through careful geopolitical analysis, Professor Jiang explains how a single strike on a strategic base can trigger a wider conflict involving multiple countries across the Middle East.

Israeli army admits failure to intercept Iranian missiles barrages

The Israeli military has acknowledged the inability of its radar systems to intercept sophisticated incoming Iranian missiles, and its air defense units to bring them down. (Photo by Tasnim news agency)

Press TV

The Israeli military has admitted that US-built Israeli radar systems have been largely unable to intercept incoming Iranian missiles.

According to a report published by the Israeli Haaretz newspaper, Israeli military units have confessed to their failure to intercept and shoot down Iranian missiles headed for the occupied territories.

Additionally, it said that sirens were activated on Friday only a few moments before evacuation orders were sent out to illegal settlers.

In response to mounting criticism of the Israeli army’s delayed activation of security alerts, the army said that it cannot determine the duration between alerts and sirens warning of incoming missiles.

Similarly, the command center of the Israeli internal front stated that security alerts, for operational considerations, could be sent to settlers only a short while before the sirens are sounded, or at times not even sent.

Haaretz then cited satellite images, noting that Iran is seeking to target radar systems and strategic military facilities in a bid to render the radars of the US and its allies ineffective.

The newspaper noted that Iran’s precision strikes against radar installations will significantly lower Israel’s missile interception ability and disturb its quick alert systems.

The revelations come as Israeli media outlets have frequently pointed to the inefficiency of Iron Dome missile systems to confront the volume and velocity of Iranian missiles.

Israeli military experts have warned that the latest generation of Iranian missiles enjoys higher speed, can cruise complicated routes and have very low radar recognition features, which make it a serious challenge for Israeli air defense systems to detect and bring them down.

[…]

Via https://www.presstv.ir/Detail/2026/03/07/765090/Israeli-army-acknowledges-inability-to-intercept-Iran-missiles,-late-activation-of-sirens

US intelligence says ‘regime change’ not possible in Iran even with broader war

Tehran’s 12,000-seat Azadi Sports Complex was attacked in an American-Israeli aggression on March 5, 2026. (Photo by IRNA)

Press TV

A classified assessment by the National Intelligence Council has concluded that even a large-scale military offensive against Iran would be unlikely to topple the country’s political and security establishment.

The Washington Post, citing US officials familiar with the matter, reported on Saturday that the assessment suggests that the Islamic Republic’s system of governance is resilient enough to withstand even significant military pressure.

The report’s findings raise questions about the feasibility of the strategy advocated by US President Donald Trump, who has repeatedly said he intends to “clean out” Iran’s leadership structure.

According to officials cited in the report, the intelligence analysis examined potential outcomes of both limited strikes targeting senior leaders and broader attacks aimed at crippling Iran’s leadership and state institutions.

In both scenarios, analysts concluded that the country’s political and military institutions would preserve continuity of power.

The report determined that even with the assassination of Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei, the country’s ruling system would continue to function through established succession mechanisms.

These procedures include the appointment of a new leader by the powerful Assembly of Experts, a body responsible for overseeing leadership transitions.

Intelligence analysts also concluded that the prospect of Iran’s fragmented opposition taking power after a military strike was “unlikely,” according to people familiar with the classified findings.

The assessment comes as the US-Israeli aggression against Iran enters its second week and expands across multiple regions.

Despite the intelligence community’s caution, the Trump administration has publicly emphasized its military objectives.

Trump has also suggested that Washington could influence Iran’s future political leadership.

However, Iranian officials have rejected any notion of outside involvement in determining the country’s leadership.

Iran’s Parliament Speaker, Mohammad Bagher Qalibaf, dismissed the idea that the US could influence the succession process, stating that Iran’s political future would be decided solely by the Iranian people.

[…]

Iran will no longer attack neighboring countries

Iran will no longer attack neighboring countries – Pezeshkian

RT

Tehran has decided to stop launching attacks on targets in neighboring countries and has no intention to invade them, Iranian President Masoud Pezeshkian has said.

In a televised address, Pezeshkian apologized to the countries of the region and said Iran respected their sovereignty.

The US-Israeli war against Iran has entered its second week, with uncertainty growing over when hostilities might end. US President Donald Trump demanded Tehran’s “unconditional surrender,” while Israel continued attacks against targets in the Islamic Republic and launched a significant military incursion into Lebanon, prompting the UN to warn of a humanitarian crisis unfolding in the country.

Pezeshkian said the country’s Interim Leadership Council had approved a decision that no missile strikes would be carried out against regional states unless an attack on Iran originated from their territory.

Early on Saturday, missiles were seen flying towards Israel after the IDF said it had identified launches from Iran.

Explosions were heard as Israeli air defenses activated to intercept the incoming fire. Shortly after the barrage, the country’s military said it had begun a wave of strikes targeting infrastructure in the Iranian capital Tehran.

Washington and West Jerusalem have framed their first attacks on Iran as preemptive measures aimed at destroying its uranium enrichment and ballistic missile programs. The Islamic Republic insists that its nuclear program is peaceful and has denounced the strikes as entirely unprovoked.

Moscow has condemned the US-Israeli strikes as a “premeditated and unprovoked act of aggression” aimed at toppling a government that “refused to yield to the dictates of force and hegemonic pressure.”

The US-Israeli attacks have killed at least 1,332 Iranian civilians and wounded thousands, Iran’s UN ambassador Amir Saeid Iravani said. Tehran’s retaliatory attacks have killed 11 people in Israel, while at least six American service members have also been killed.

[…]

Via https://www.rt.com/news/634084-pezeshkian-iran-stop-attack-neighbouring-countries/