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News & Current Events + Happenings
/news/ deserves actual news. Declaring agendas are not news. Do not post trolling bait threads.
Post quality threads only, and it's voluntary to crosspost them to /pol/
Never mandatory.

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Reader Board owner 04/30/2018 (Mon) 23:01:51 Id: 3aeba1 [Preview] No. 8261 [Reply] [Last 50 Posts]
Get your archives here

Primary archive, much better organized: https://archive.fo/https://endchan.xyz/news/*

/news/ had to be nuked to regain image posting. To prevent such problems in the future, consider donating.

Donate by BitCoin: 18SMo6egCSLEpCDqiW8vJQmwiM5uTxwHH8

I don't have time for descriptions right now.

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Edited last time by AdolfHitler on 05/28/2018 (Mon) 01:44:35.
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Reader 05/31/2019 (Fri) 16:11:11 Id: 286572 [Preview] No.14788 del
Main news poster reporting in: I have been too busy last weekend to post any news. When I tried to post some yesterday the site was not loading. Seems to be working now, but very slow. I will do my best to play "catch up" as well read some of the other news that has been posted too. Thank you to all those helping keep this board running.

Reader 06/11/2019 (Tue) 16:32:20 Id: 516de5 [Preview] No.14883 del
I've been too busy lately myself. Tore an arm muscle. Left arm's pretty tired from overuse. That's about when work decided not to let up.

Reader 07/03/2019 (Wed) 14:32:11 Id: c48b81 [Preview] No.15004 del
Main news poster: I'll be away for the 4th of July weekend the next few days visiting my family. Leaving later today so I won't be posting any news for a while. If anyone wishes to contribute some more news that would be great. Thanks to everyone keeping this board running an updated.

Reader 07/05/2019 (Fri) 06:54:22 Id: 516de5 [Preview] No.15007 del
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Spam. Captcha wasn't accepting anything, so this faggot might come back.

Reader 07/12/2019 (Fri) 08:09:09 Id: 516de5 [Preview] No.15016 del
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This isn't 8chan. It's clear this is copypasta from there by the commentary acting like it is. This is a /news/ board. Your troll shit doesn't belong here.

Gay and Once Divorced, a Rabbi’s Experiences Help Her Broaden Judaism’s Tent Reader 07/12/2019 (Fri) 16:28:59 Id: 640744 [Preview] No. 15017 [Reply] [Last 50 Posts]
MONTREAL — When Rabbi Lisa Grushcow, the first openly gay rabbi of a large synagogue in Canada, was preparing to begin rabbinical school, she faced a daunting choice: love or serving God.

Her world was suddenly turned upside down in the late 1990s while she was studying religion at Oxford on a Rhodes scholarship, and fell in love with a woman she met at a conference. This posed a problem: The Conservative rabbinical school she planned to attend did not ordain openly gay rabbis.

Rather than abandoning her vocation, she opted instead to join the Jewish Reform movement — a liberal progressive denomination that accepts gay rabbis and gay marriage. “Coming out,” she added, “brought me closer to God.”

“It was the first time in my life when being good at something and working hard weren’t enough to open the door,” said the bookish 44-year-old rabbi, who speaks with the soothing voice of someone used to softening life’s upheavals. “By following my calling and being true to myself, I was embracing both essential parts of my identity.”

Now divorced, and remarried with two daughters and a third child on the way, she said her struggles had helped shape her inclusive approach to Judaism during posts in Manhattan and in her current role as the first female senior rabbi at the 137-year-old Temple Emanu-El-Beth Sholom, a sprawling Reform synagogue in Montreal’s affluent Westmount neighborhood.

Named one of “America’s most inspiring rabbis” by the influential Jewish publication The Forward, she has edited a seminal book on Judaism and sexuality, works to improve ties between Canadian Jews and Muslims; and counsels lesbian, gay, bisexual and transgender Jews from Newfoundland to Mexico.

And while Judaism has a long history of trailblazers in gay and gender equality — the first female rabbi, Regina Jonas, was ordained in Berlin in 1935, and the Reform movement formally endorsed the ordination of gay clergy in 1990 — Rabbi Grushcow is playing a leading role in breaking what she calls the “stained glass ceiling” in Canada, where senior female rabbis remain rare.

She observed that, in a historically patriarchal religion, “people expect their rabbi to be a stand-in for God, who they think looks like a guy with a beard sitting on a cloud — I don’t look like that.

“Being a divorced and lesbian rabbi and mom deepened my understanding of human experience,” she added. “It broadened who I can relate to.”

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Reader 07/12/2019 (Fri) 21:56:01 Id: 8e487e [Preview] No.15018 del
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>Now divorced, and remarried with two daughters and a third child
Pick one. That's not how biology works.

Reader 07/13/2019 (Sat) 04:22:45 Id: f82761 [Preview] No.15019 del
Yeah, pretty much. Just FYI I posted this to highlight the hypocrisy of it and the media. The kind hey being gay isn't a big deal but look at how awesome this lesbian is!

Reader 07/15/2019 (Mon) 19:14:16 [Preview] No.15020 del
meh whatever. good for her.

Reader 07/15/2019 (Mon) 20:11:22 Id: 8e487e [Preview] No.15021 del
The point is, it's complete bullshit. This kike never was gay. Also, go fuck yourself.

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Jeffrey Epstein Arrested on Sex Trafficking Charges Reader 07/09/2019 (Tue) 10:16:29 Id: 7507c1 [Preview] No. 15013 [Reply] [Last 50 Posts]
Billionaire jew and registered sex offender Jeffrey Epstein was arrested Saturday, according to NBC [j]ews. (NBC has kike chairmen Bonnie Hammer, Robert Greenblatt and Ted Harbert) Epstein was arrested in the United States as part of a joint investigation by the FBI and New York Police Department into Epstein’s putative sex trafficking of children. Epstein is expected to appear in federal court on Monday, according to CNN [jews]. (CNN is under Time Warner now Spectrum owned by Israeli multi-millionaire Aviv Nevo) Epstein’s newest charges come from a sealed indictment pertaining to sex trafficking incidents alleged to have occurred from 2002 through 2005. Additionally, some sources indicated there could have been “dozens” of young victims.

The jewish financier had previously avoided federal trial in 2008, when he pleaded guilty to two charges of prostituting minors. Consequently, Epstein would go on to receive a sentence of just 13 months. Then attorney Alexander Acosta had orchestrated Epstein’s deal. Acosta currently serves as US president Donald Trump’s Secretary of Labor. Nevertheless, Acosta has denied helping Epstein seek a lenient sentence. Trump’s appointment of Acosta and previous praise of Epstein as a “terrific guy” sparked speculation on social media that Trump might even pardon Epstein.

Epstein’s latest arrest comes after The United States 2nd Circuit Court of Appeals ordered the release of sealed documents in the Epstein case. Epstein and his legal team had opposed unsealing the documents, arguing there was a “privacy interest. This ruling is a watershed moment that helps victims of sexual abuse,” said attorney Sigrid McCawley. Others also voiced their optimism that Epstein’s victims might finally have justice. Legal activists have also long speculated that the documents might prove the involvement of other wealthy elites in Epstein’s crimes, including politicians and actors.


Reader 07/11/2019 (Thu) 05:45:46 Id: c07f9c [Preview] No.15014 del
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https://youtube.com/watch?v=mPHyvyvJ8Qo [Embed]

Okay so, hyposcrisy time.

Epstein has been a known entity for a long time. I started seeing his face and story back in the 4/pol/ days, and I'm assuming his name and antics have been in the conspiracy circle for longer than that, especially considering he beat a 36 count rape charge that went federal 11 years ago. Obviously Epstein is fucked up, and his ties run deeps but lets count the ways this gets really fucked up now with them putting the heat on Acosta after signing off on his plea aggrement in 2008.

Acosta was the United States Attorney for the Southern District of Florida. The plea deal granted immunity from further federal prosecution. A state attorney can't be the one to do that.
>Acosta later said he had been told that Epstein "belonged to intelligence", was "above his pay grade" and to "leave it alone".
The investigation starts in March of 05 and ends in June of 08. This is happening under the auspices of George W. Bush's second administration, the FBI investigation going through Robert Mueller and the deal itself coming from Alberto Gonzales' office, if not himself directly.
Gonzales' had a fair amount of his tenure scrutinized and later resigned.

Now lets get to Acosta. As Secretary of Labor the guy is 11th in line to the presidency in the unlikely event that several people should die in rapid succession. A mostly useless contingency but a necessary one none the less. This guy got through a confirmation hearing that took 8 days and officially voted in about a month later, and he got 8 democrats to voted for him.
Contrasting this with Kavanaugh's confirmation, now the Legislative backdrop was much different then, but it took 4 months, on some specious claims from 30 years ago. While with Acosta, his past bugaboo seemingly is of no concern and possibly never even brought up. NOW all of a sudden it is a big deal that Acosta signed off on a deal, that came in through the feds, that put Epstein in jail for 13 months, supposed to go to Federal prison but they let him stay in county? And they think Acosta is ultimately the one to blame for this shit. TBH I have no dog in this fight, I don't know or care much about Acosta, and haven't till this side of the story came out. Other than wanting to see Epstein get some sort of open trial, name names etc. But the way this is all playing out really makes you wonder.
Interview Gonzales, Mueller or W. about this. Heck the latter's daughter is on national TV every goddamn morning, throw him a softball and have her interview him.

Putin Stands Up For Deliberate Destabilization Victims Reader 06/29/2019 (Sat) 17:02:06 Id: f9ed95 [Preview] No. 14978 [Reply] [Last 50 Posts]
Putin Stands Against Deliberate Destabilization: Leftist Leaders Allowing Murder, Plundering and Rape Of Citizens

Russian President has slammed European leaders for allowing immigrants to “kill, plunder and rape” with impunity.'''

In an interview with the Financial Times just ahead of the G20 summit, the Russian leader slammed Western leaders’ attempt to destroy ‘traditional family values’ and warned that liberalism was dying:

“[Liberals] cannot simply dictate anything to anyone,” Mr Putin told the newspaper:

Putin added that liberalism conflicted with “the interests of the overwhelming majority of the population,” and criticized Chancellor Angela Merkel for allowing millions of refugees to spill into Germany in 2017.

“This liberal idea presupposes that nothing needs to be done. That migrants can kill, plunder and rape with impunity because their rights as migrants have to be protected.”

Dailymail.co.uk reports:

He added: ‘Every crime must have its punishment. The liberal idea has become obsolete. It has come into conflict with the interests of the overwhelming majority of the population.’

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Reader 06/30/2019 (Sun) 21:04:26 Id: 4b1303 [Preview] No.14994 del
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>"blame liberalism"
That's right. Fuck liberals.

Reader 07/02/2019 (Tue) 12:33:24 [Preview] No.15000 del
Unfortunately there will always be the masses in every country who go along with whatever they have been conditioned, brainwashed and indoctrinated to believe and do as told. There is always only a fraction of people (people like us) who do not go along and blindly trust or follow the establishment. Even when the Founding Fathers fought the British red coats there were only 3% of them actually fighting... the other 97% just sat on the side lines and watched, most were completely neutral and didn't care which side won. As of recent, its France right now with the Yellow Jackets, a lot of people know something is terribly wrong in France (most of Europe for that matter) but only a very small fraction has decided to rebel and fight in the streets. Of-course if more people supported their efforts there may be some kind of potential (because they're outgunned, they can't cause the kind of choas they could had they been armed).

Reader 07/03/2019 (Wed) 06:01:54 [Preview] No.15003 del
Yes, there are Muslims in Russia. But unlike most places in Europe, the government in Russia does not allow them to become radicalized or get away with serious crimes.

In Europe they are allowed to get away with horrific crimes against citizens. In Russia, they get shot by the military police if they try to stir up violence. That's the difference. Russia has strict laws to control the immigration and those that wish to come into their country, they must abide by national laws.

Reader 07/03/2019 (Wed) 18:24:50 Id: e58f31 [Preview] No.15005 del
>not allow them to become radicalized or get away with serious crimes
Who the fuck say that? Chechen mafia just own all South Caucasus and killing people just for fun without issues.

Reader 07/09/2019 (Tue) 07:22:48 [Preview] No.15012 del

Israeli Fascists Bombing Syria Again As Russia Deploys More S-300s Reader 07/01/2019 (Mon) 11:34:49 Id: 8ae23a [Preview] No. 14997 [Reply] [Last 50 Posts]
Hours after Israeli reports said Russian S-300 anti-air defense systems in Syria came online and were "operational," the Israeli military allegedly launched a major aerial attack on Syria in the middle of the night Sunday.

According to a breaking AFP report:

Syria said Israeli jets attacked several military sites near the capital Damascus and the central city of Homs early Monday, killing several people.

State news agency SANA said that Syrian air defense had intercepted several of the incoming missiles that were fired from Lebanese airspace.

Syria reported its aerial defense systems were active during the assault, which further caused damage to multiple civilian homes in the Damascus suburb of Sahnaya, according to SANA.

The major Syrian military airport at Mezzeh on the western edge of Damascus was also a reported target in the attack.

Video from #Damascus allegedly showing #Israel Air Force jets after striking targets pic.twitter.com/5u4YJek6z7

— Anna Ahronheim (@AAhronheim) June 30, 2019

Though total casualties are still unknown, one well-known journalist from Damascus, Danny Makki, is reporting at least 4 civilians killed — including a baby — and over 20 injured.

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Reader 07/02/2019 (Tue) 12:15:28 [Preview] No.14999 del
They seem to love calling everyone else "fascists" and slandering anyone who wants to protect their culture or heritage. Yet they have the nerve to bomb other nations, killing innocent people and try grabbing their land, and they don't see anything wrong with that? If what they consider "fascist" to be true then wouldn't that lable suite them? I guess I was trying to make a point with the title.

Reader 07/02/2019 (Tue) 15:36:22 Id: 35e31c [Preview] No.15001 del
It's the same hypocrisy purported by most "we just want a place for our own culture" types of people

Reader 07/02/2019 (Tue) 16:43:37 Id: bbc7c7 [Preview] No.15002 del
Wasn't saying Israel isn't fascist, mate. Just correcting you on the fact that it doesn't mean as much as whatever's in peoples' heads when they think fascism is "evil". Israel is evil, but it's not groupism that makes them that way.
So what point are you making here? Are you saying, "Diversity is our greatest strength!"?
Fuck that. We all need our own cultures and nations. It's jews preventing it.
Attempting and succeeding at the destruction of our ancestral cultures.
Know how many young people I've met who give a damn about their heritage anymore?
ZERO. That is what the jew wants.

Reader 07/08/2019 (Mon) 00:08:02 Id: bbc7c7 [Preview] No.15011 del
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Wikipedia is full of shit. I told you what the root and the original ideal meant. From the Sicilian word fasci meaning group, Latin fasces meaning a bundle of bound sticks. That's it. That's all it is. People uniting. It wasn't even a program of particulars according to Giovanni Gentile. Now when you read over Wikipedia articles, how much silver-tongued slandering bullshit are you actually picking up? As Hasbara fellowships have conquered the website. Try seeing the sources. Larsen, Stein, Bernt, Myklebust, Merriam-Webster. Other sources from actual fascist leaders and party members support what I said. Jacqui Safra took over the Scottish company Encyclopedia Brittanica so jews could define the meanings of words. Open your eyes.

MORE GOOGLE LEAKS! Google Calling Conservatives 'Nazis', New Emails Expose More Censorship Reader 06/26/2019 (Wed) 17:14:34 Id: 7d9eb9 [Preview] No. 14958 [Reply] [Last 50 Posts]
In a second day of bombshells from James O'Keefe's Project Veritas, a leaked document reveals what appears to be members of Google's "transparency and ethics" group calling prominent Jewish conservatives Ben Shapiro and Dennis Prager "Nazis," along with Canadian psychologist Jordan Peterson, who is not Jewish.

The email was leaked to Veritas following their Monday report in which an undercover operative recorded a senior Google employee admitting that the company is manipulating its algorithms ahead of the 2020 election in order to prevent the "next Trump situation."

The email apparently was sent as part of the Google “transparency-and-ethics” group internal communications and suggests that content from PragerU, Jordan Peterson, and Ben Shapiro should be disabled from the “suggestion feature.” -Project Veritas

"…if we understand that PragerU, Jordan Peterson, Ben Shapiro et al are nazis using the dog whistles…" reads the email. "I don’t think correctly identifying far-right content is beyond our capabilities. But if it is, why not go with Meredith’s suggestion of disabling the suggestion feature?"


“I don’t think correctly identifying far-right content is beyond our capabilities. But if it is, why not go with Meredith’s suggestion of disabling the suggestion feature?”

After the release of our Google investigation, Google Senior Executive Jen Gennai posted on Medium saying:

“Google has repeatedly been clear that it works to be a trustworthy source of information, without regard to political viewpoint. In fact, Google has no notion of political ideology in its rankings.” – Jen Gennai, Head of Responsible Innovation at Google

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Reader 06/26/2019 (Wed) 17:16:14 Id: 7d9eb9 [Preview] No.14959 del
Haha! This one made me laugh, was going to post this here the other day but endchan went down for a while, again.... the gist is leftist Jews are now calling conservative Jews 'Nazis' lol, who could have imagined that would happen some day?

Reader 06/28/2019 (Fri) 11:04:27 [Preview] No.14967 del
>"""responsible""" innovation
honk honk

Reader 07/07/2019 (Sun) 00:10:12 [Preview] No.15008 del
So, according to Larry Page, Ben Shapiro, a known kike, is actually a undercover NAZI......?

Reader 07/07/2019 (Sun) 17:14:54 Id: 4dde05 [Preview] No.15009 del
It's nothing new. They called Milo Yiannopoulos and Richard Spencer "Nazis". All this bullshit is intended to be stupid and offensive. To National Socialists. Anything to distract from this ideal's truth.

Good! Italy Arrests Captain Of NGO Ship After Illegally Trafficking African Migrants Reader 07/01/2019 (Mon) 11:33:58 Id: 23ec6b [Preview] No. 14996 [Reply] [Last 50 Posts]
The captain of a migrant transport ship that docked at the southern Italian island of Lampedusa was arrested on Saturday following a protracted standoff, according to the New York Times.

The 40 migrants onboard disembarked after 16 days on the Sea Watch 3, operated by German NGO Sea-Watch and operating under the Dutch flag.

Captain Carola Rackete, 31, docked just before 2 a.m. - ramming a border-control vessel trying to stop them in the process. Rackete was arrested on charges of "resisting a war ship," which carries a penalty of up to 10 years in prison.

Sea Wach spokeswoman Giorgia Linardi said that the situation was still "unfolding," and that the charges had yet to be formalized. She added that the migrants had been taken to a migration center on the island.

The Sea Watch, which rescued 53 people off the coast of Libya on June 12, had navigated toward Italy after rejecting an offer to dock in Tripoli, Libya, which humanitarian groups do not deem safe. Thirteen migrants had been allowed to disembark in Italy for medical reasons after the rescue. -New York Times

Italy's Interior Minister, Matteo Salvini, has closed the country's ports to rescue ships and demanded that other European nations take on the migrants. On Friday, five countries offered to take them. Salvini, who previously referred to the GNO vessel as a "pirate ship," told RAI state radio that he had "asked for the arrest of an outlaw" who had endangered the lives of border patrol officers. He also ordered authorities to sequester the ship "which goes around the Mediterranean breaking laws."

Saturday morning, Salvini tweeted a video of the ship's arrival, writing "Outlaw commander arrested. Pirate ship confiscated. Maxi-fine to a foreign NGO. Migrants distributed to other European countries. MISSION ACCOMPLISHED."

Comandante ARRESTATA, nave SEQUESTRATA. 🇮🇹 #SeaWhatch3 pic.twitter.com/IdKE8YDW3L

— Matteo Salvini (@matteosalvinimi) June 29, 2019

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Chicago To Raise Taxes Again Over Growing Debt Insolvency, Pension Theft Reader 07/01/2019 (Mon) 11:33:17 Id: b479a3 [Preview] No. 14995 [Reply] [Last 50 Posts]
Chicagoans are buried under so much pension debt it’s impossible to see how their city can avoid a fiscal collapse without major, structural reforms. The futility of paying down those debts becomes obvious when you try to figure out just who’s going to pay for it all.

The total amount of city, county and state retirement debt Chicagoans are on the hook for is $150 billion, based on Moody’s most recent pension data. Split that evenly across the city’s one million-plus households and you arrive at nearly $145,000 per household.

That’s an outrageous amount, but it would be a clean solution if each and every Chicago household could simply absorb $145,000 in government retirement debt. The problem is most can’t.

One-fifth of Chicagoans live in poverty and nearly half of all Chicago households make less than $50,000 a year. It wouldn’t just be wrong to try and squeeze those Chicagoans further, but pointless. They don’t have the money.

So if that won’t work, why not just put all the burden on Chicago’s “rich?” After all, Illinois lawmakers are pushing progressive tax schemes as the panacea for Illinois’ problems.

If households earning $200,000 or more are the target, they’ll be on the hook for more than $2 million each in government retirement debts. That’s an outrageous burden, too.

Saddling just a few households with all the debt will give those residents all the more reason to leave. And that will make the burden all the more unbearable for the Chicagoans who remain.


Leaked Photos Reveal Mainstream Media Faked AOC Crying Stunt Reader 06/28/2019 (Fri) 14:13:16 Id: 37d976 [Preview] No. 14968 [Reply] [Last 50 Posts]
Newly uncovered photos from the border protest attended by a tearful Alexandria Ocasio-Cortez show that she was crying over an empty parking lot.

Many have accused the Congresswoman and her supporters of staging a photo-op after the images, taken during a 2018 event outside a migrant “tent city” in Tornillo, Texas, went viral earlier this week.

The photos show an emotional AOC holding her face and appearing to cry. Her attention appears to be directed towards whatever is on the other side of the fence.

However, a photo from a different angle shows there is nothing there aside from an empty parking lot and some police officers.

Another image shows a photographer being careful to capture AOC’s reaction as she gets emotional over what appears to be little other than a vehicle and a tree.

As we previously reported, Ocasio-Cortez attended to star-studded “protest” wearing a pristine white outfit, bright red lipstick and a $600 dollar watch.

This prompted many of her critics to accuse the Congresswoman and her supporters of staging the photos, arguing that the images did not show a spontaneous, authentic reaction.

I decided to stage a photoshoot just like @AOC!

Except I’m outside of an inner-city school where the conditions are abhorrent and the majority of black AMERICAN boys can’t pass a basic reading exam.

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Reader 06/28/2019 (Fri) 14:56:45 [Preview] No.14972 del
it's not so easy to decide if faking the stunt is more ridiculous and pathetic than doing it for realz

Reader 06/28/2019 (Fri) 16:30:07 Id: fc622d [Preview] No.14973 del
>Look, another jew is lying and pulling off a hoax. Aren't you surprised?
Nope. The jews are gonna jew.

Reader 06/29/2019 (Sat) 22:39:46 Id: bab411 [Preview] No.14987 del
It's obvious why she was crying. Tall fences make kikes uneasy.

Reader 06/30/2019 (Sun) 05:24:23 Id: fc622d [Preview] No.14988 del
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Yeah. The last time they were put behind fences they had to WORK. Doesn't even matter that they had way more luxuries than we could ever hope to see in even work-places requiring the highest education. They had to perform physical labor instead of those they presume to be cattle ie-"the goyim". The HUMANITY.

EU Announces Channel To Circumvent Western SWIFT Payment System Over Iran Sanctions Reader 06/29/2019 (Sat) 17:03:51 Id: 81dde6 [Preview] No. 14979 [Reply] [Last 50 Posts]
With the world waiting for the first headlines from the Trump-Xi meeting, the most important and unexpected news of the day hit moments ago, when Europe announced that the special trade channel, Instex, that will allow European firms to avoid SWIFT and bypass American sanctions on Iran, is now operational.

Following a meeting between the countries who singed the Iran nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), which was ditched by US, French, British and German officials said the trade mechanism which was proposed last summer and called Instex, is now operational.

As a reminder, last September, in order to maintain a financial relationship with Iran that can not be vetoed by the US, Europe unveiled a "Special Purpose Vehicle" to bypass SWIFT. The mechanism would facilitate transactions between European and Iranian companies, while preventing the US from vetoing the transactions and pursuing punitive measures on those companies and states that defied Trump. The payment balancing system will allow companies in Europe to buy Iranian goods, and vice-versa, without actual money-transfers between European and Iranian banks.

The statement came after the remaining signatures of JCPOA gathered in Vienna for a meeting that Iranian ministry spokesman Abbas Mousavi called "the last chance for the remaining parties...to gather and see how they can meet their commitments towards Iran."

Until today, Tehran was skeptical about EU's commitment to the deal and threatened to exceed the maximum amount of enriched uranium allowed it by the deal after US had imposed a series of sanctions on the country.

Meanwhile, opponents of Instex - almost exclusively the US - have argued that the mechanism is flawed because the Iranian institution designated to work with Instex, the Special Trade and Finance Instrument, has shareholders with links to entities already facing sanctions from the US.

The announcement sent oil sharply lower, with crude futures falling about $1/bbl in closing minutes before settlement, extending daily loss, as it means Iran now has a fully functioning pathway to receive payment for oil it exports to anyone it chooses.

The announcement will likely send president Trump off the rails, because in late May Bloomberg reported that as part of Trump's escalating battle with "European allies" over the fate of the Iran nuclear accord, he was "threatening penalties against the financial body created by Germany, the U.K. and France to shield trade with the Islamic Republic from U.S. sanctions" including the loss of access to the US financial system.

According to Bloomberg, the Treasury Department’s undersecretary for terrorism and financial intelligence, Sigal Mandelker, sent a letter on May 7 warning that Instex, the European SPV to sustain trade with Tehran, and anyone associated with it could be barred from the U.S. financial system if it goes into effect.

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