Press Review

Who's making money off Trump's war in Iran?


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PRESS REVIEW – Tuesday, March 10: The world's front pages are torn between heralding a global oil crash and relaying Donald Trump's promise of peace on the horizon. Also, between crypto-bets and arms investments, , who’s making money from this war? In other news, France prepares for a first round of voting in municipal elections, seen as a litmus test for next year’s presidential race. And finally, Kim Jong Un’s International Women’s Day address paid North Korean women some… backhanded compliments.

The world woke up to two main headlines on Tuesday: one heralding an impending oil shock, and the other leading with Donald Trump's claim that the war was "very complete, pretty much over".

Meanwhile, over or not, the Pentagon spent $5.6 billion on munitions in the first two days of the war alone, The Washington Post reports, and the administration are now preparing an additional budget request for congress to sustain the strikes, something likely to anger lawmakers. War is a costly business, but a lucrative one, as Eric and Donald Trump Jr. have understood. The Wall Street Journal has an exclusive on Donald Trump’s sons backing a drone company aiming to manufacture 10,000 drones a month, targeting Pentagon sales and a share of the $1.1 billion the Department of War has committed to spending on US-made drones by 2027. Other winners in this war include six anonymous online gamblers who made $1.2 million betting on the first US strikes on Iran on cryptocurrency prediction markets. The New Yorker, citing a crypto-analytics company, reports the bets may have come from insiders acting on classified information.

In other news, here in France the nation heads to the polls on Sunday to elect the country's 350 thousand mayors. Les Echos describes the far-right National Rally hungry to increase their municipal footprint, with more councillors, more mayors, and even a chance of taking charge in France's second city, Marseille. Polling published in Le Monde reflects a shift rightwards in voter priorities: immigration is now voters' third priority, behind cost of living and healthcare, ousting the environment from the top three. This as multiple left-wing lists will face off in many towns, dividing the left-wing vote.

And finally, the whole world celebrated International Women’s Day over the weekend – including North Korea, as documented by The Times. Kim Jong Un heaped backhanded compliments on his country's women, whom he described as "physically weak", "wrinkled", and "plain".

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