Home Blog Page 17

Trump Announces Iran Ceasefire — US Offramp or Just Another Deception?

By Dr. Jack Rasmus

After threatening to destroy Iran’s civilization ‘for now and ever’, Trump announced a tentative ceasefire with Iran and temporary ceasefire of mutual hostilities for another two weeks. In the interim the parties—US and Iran (Israel notably excluded)—will reportedly attempt to negotiate a permanent agreement in negotiations to be held in Islamabad, Pakistan.

Trump and his supporters will no doubt declare the ceasefire represents a victory for the US. They’ll argue the military actions by the US the past six weeks has forced Iran to ask for negotiations and sue for peace. As Trump has bragged repeatedly in recent days, the US has destroyed the Iranian air force and navy so the war’s essentially over. He’ll cite that Iran has agreed to a ceasefire and in the meantime to open the straits of Hormuz to shipping.

The US military seems to have adopted the same under the Trump administration, quite contrary to American military doctrine for decades before.

The Iranians will say they did not request the ceasefire; Trump did. They’ll point out that the strait of Hormuz has been open to shipping all along—i.e. to those nations not at war with Iran as well as to Iran’s own shipping. More important, Iran will point out that their opening of the strait will be according to their rules, administered by them, and ships will have to pay a $2 million dollar transit fee for passage now.

The most important question, however, is whether the negotiations over the next two weeks represents a solution by Trump to provide an ‘offramp’ for the US from a war it realizes it can’t win without destroying the US and global economies—or whether it’s just another US negotiation deception and tactic to buy time to restore US and Israel military resources. 

The US and especially Israel need a respite from the conflict. The US has seriously depleted its store of Patriot, Thaad, Tomahawk and other missiles. It has begun losing aircraft as well. This past week independent observers have indicated that Israel’s vaunted ‘iron dome’ air defense has been seriously compromised and 80% of Iranian missiles have been penetrating it now.

Trump claims that Iran’s air force and navy have been destroyed, which ignores the indisputable fact that Iran’s missile force has been steadily destroying military and other sites on a daily basis in Israel as well as throughout the Gulf countries—Kuwait, Saudi Arabia, Bahrain, Qatar, UAE and Oman. Iran never had an air force to speak of; nor a major surface ship navy. But it did, and still does, have thousands of ballistic missiles, tens of thousands of drones, and a navy of fast boats, autonomous underwater drones, and sea mines not yet committed.

The next two weeks will tell if the ceasefire announced today is just another negotiations deception that seems to have become standard practice in Israeli—and now US—military operations. Last June 2025 Trump and the Israelis lured the Iranians into negotiations and then bombed Iran while talks were in progress. And then did it again on February 27-28 while negotiations were also underway.  Should the Iranians think it will be any different this third time?

Negotiations have become a military tactic in the Trump administration. They’ve been so by the Israelis for some time—along with decapitation of government leaders and mass bombing of civilian sites. The US military seems to have adopted the same under the Trump administration, quite contrary to American military doctrine for decades before.

But it’s standard practice for the Israelis. The Israelis scuttled the negotiations that were held with Hamas in Qatar. They likely also had a role in the still unresolved murder of Iran’s former president whose helicopters mysteriously exploded in mid air returning from a meeting in Azerbaijan a few years back.

 Positions of US and Iran on March 25

What Trump and the US legacy media won’t say or report about much is the actual terms of the ceasefire suspending hostilities the next two weeks.

So what have the two parties—US and Iran—actually agreed to as part of the ceasefire? What have they agreed to discuss in upcoming negotiations? What’s off the table compared with when the war began last February 28? Which party has perhaps retreated from its initial demands?

At four weeks into the war—i.e. two weeks ago on March 25—Trump and the US had five basic demands:

  • Regime change. The government had to go and Iran revolutionary guard dissolved
  • Iran had to end and dismantle its ballistic missile and drone programs
  • Iran had to turn over all its nuclear material—for civilian as well as military use
  • It had to abandon all support for allies in Yemen, Hezbollah, Hamas
  • And open the strait of Hormuz unconditionally to all shipping traffic

Iran’s demands two weeks ago at the time were:

  • All US forces had to leave the Gulf region and dismantle its 13 US bases there
  • The US must guarantee there will be no future hostilities or war again
  • The US must lift all sanctions on Iran
  • The US and Israel must provide reparations for the war damage they caused
  • War must end on all fronts—including resistance groups in the region
  • International recognition and guarantees of Iran’s sovereignty over Hormuz straits
  • No ceasefire until the US agreed to these demands in principle

It is interesting perhaps to compare these mutual demands to those of the US and Iran that are on the table now as part of the ceasefire announced today.

The US has a 15 point program. The foreign minister of Iran, Araghchi, on behalf of the Iran Supreme Council and Ayatollah, has made it clear negotiations would be based on both the US recent 15 point plan AND Iran’s current 10 point plan.

This 15 + 10 is the framework the parties will conduct negotiations.

Since the US legacy media will likely obfuscate the bases on which the US and Iran have agreed to negotiate, here’s the US 15 point plan announced on March 25. Note that it reflects a significant change from the US five demands above at the start of the war on February 28. In fact, it is very close to the position of the US on February 27 when the US and Israel blew up the negotiations with bombing:

US 15 Point Proposals Now

  1. US will remove all sanctions on Iran
  2. It will cease all threats to reimpose sanctions
  3. Iran’s nuclear program will be frozen under a defined framework
  4. US will assist Iran in developing a civilian nuclear project
  5. There will be limit on enriched uranium to remain under supervision
  6. US agrees to address the Iranian missile program at a later date
  7. Iran’s nuclear program will be restricted to civilian purposes only
  8. Iran will halt the development of existing nuclear facilities & capabilities
  9. Iran will discontinue further expansion of enrichment capabilities
  10. No production of weapons grade nuclear material to occur on Iranian soil
  11. Iran will hand over all enriched materials to the IAEA on an agreed timeline
  12. Iran’s Natanz, Isfahan and Fordow nuclear facilities will be taken out of use
  13. International monitoring and verification mechanisms
  14. Implementations will be gradual and tied to compliance
  15. Both sides to discuss additional regional and security issues

These 15 were apparently the demands being discussed on February 27 that third party facilitators at the negotiations, like Oman, declared that the parties had made great progress toward agreeing and were close to a deal. That was 24 hours before the US and Israel started bombing on the 28th.

Once the war started Trump substituted these 15 for the new demands of regime change, etc.

Now it appears Trump has put these 15 back on the table as the US basis for upcoming negotiations in Islamabad. Readers should notice the15 no longer include reference to regime change; or turning over ALL nuclear material including civilian; or dismantling Iran’s ballistic missile and drone programs; or abandoning Yemen, Hesbollah and Hamas!

In other words, we’re back primarily to discussing nuclear weapons issues—i.e. where the parties were before the last six weeks of escalating death and destruction.

What then are Iran’s ‘new’ proposals to be discussed in Pakistan?

Notably, Iran has also retreated. It has backed off its prior position of ‘no ceasefire’. It now agrees to a ceasefire—temporarily for two weeks. Iran has also dropped its prior proposal that the US must close and exit all its 13 military bases in the region. And US must pay reparations. Here’s the full, current list:

Iran’s Current 10 Point Proposal

  1. Guarantee that Iran will not be attacked again
  2. Permanent end to the war, not just a ceasefire
  3. End to Israeli strikes in Lebanon
  4. Lifting of all sanctions on Iran
  5. End to all regional fighting against Iranian allies
  6. In return, Iran would open the Strait of Hormuz
  7. Iran will determine the rules of safe passage through Hormuz
  8. A Hormuz fee of $2 million per ship
  9. Iran would split these fees with Oman
  10. Iran to use Hormuz fees for reconstruction instead of reparations

So has Trump won a great victory by announcing a temporary ceasefire for two weeks and getting the Hormuz strait to open?

Hardly. There’s no ‘unconditional transit through the strait’. Iran (with Oman) now control the strait and require a fee for passage.

Is Iran’s ballistic missile and drone programs going to be dismantled? No. Even the US 15 point program says that’s off the table.

Sanctions will be lifted. That’s clearly a benefit to Iran.

Iran will likely agree to most of the US 15 points that addressed the question of nuclear materials and production. It was about to do so on February 27 if we believe Oman observers.  Iran doesn’t need nuclear weapons to defend itself any longer. Clearly, as recent events have shown, it can do so with ballistic missiles and drones. And dismantling its missiles and drones is not one of the US 15 point demands. In fact, US point six indicates it’s off the table.

And Iran gets reparations. It’s just that global shipping companies and Gulf countries will pay for that now via the $2m transit fee, instead of the US directly.

The two big obstacles to negotiating a final deal in Islamabad will be ceasing all hostilities against Iran allies in the region, including by Israel, and providing some kind of security guarantee for Iran a new war won’t break out again at a later date.

Trump and the US can agree all they want to not attack the Houthis in Yemen, Hezbollah in Lebanon, and Hamas in Gaza. But Israel won’t be a signatory to any final agreement so it is not bound. It can, and will likely make public statements in the interim that it won’t resume attacks, but verbal assurances mean nothing to Isreal. Israel will resume attacks regardless of the negotiations outcome. Israel policy is land acquisition. And to do that it will continue to attack its neighbors. As evidence, as Trump announced the ceasefire, the same day the head of the Israeli Parliament publicly declared that Israel will formally annex south Lebanon up to the Litani river and make it part of Israel.

Economic Fallout of Ceasefire and Pending Negotiations

Immediately upon Trump’s ceasefire announcement, the price of gasoline at the pump in the US fell, as global crude prices retreated 17% from $113 to $97 a barrel. Falling as well was the price of the US dollar (i.e. devaluation) and market long term interest rates (10 & 30 year US Treasury bonds) in the US. Conversely, US stock markets surged clawing back some of the 10% losses incurred since the war began. Gold and Silver resumed their escalation ladder as well.

But regardless of the outcome of negotiations, long term economic effects will continue to undermine the US and global economies. The production of oil, natural gas, and other commodities in the Gulf region will continue to flow well below pre-war levels for some time. The seriously destroyed supply chains won’t repair for months to come and likely years. Money capital investments the Gulf economy elites had pledged to invest in the US economy will now slow to a trickle. There will be no ‘trillion dollar investment’ into the US economy that Trump has bragged about will boost US economic growth. Nor will US capital and investors rush as before to the Gulf region with their money to invest. Asian countries will look to backstop their energy from the Gulf with other sources long term. They know hostilities can erupt any time the US, and especially Israel, choose. They will reduce their dependencies on the region.

Domestically, the US real economy is going to experience a higher, sustained level of inflation for months to come. US interest rates by the Fed will not be cut now through this year and may even start to rise again. US real economic growth will slow even more than currently. The US budget deficit, already on track for $2 trillion again in 2026, may even exceed that, should the US Congress agree to the Secretary of War, Hegseth’s, request for $200 billion more to pay for the Iran war and prior Venezuela operation.

There will be geopolitical consequences of Trump’s war on Iran as well, regardless of whether negotiations result in a settlement two weeks hence.

The NATO alliance just received another nail in its coffin. Trump’s request, and EU NATO countries’ refusal to help US invade Iran may be the straw that broke the NATO camel’s back, as the saying goes.  US refusal to fund Ukraine, recent Greenland disputes, and now Iran likely constitute three body blows to that alliance.

Another geopolitical sea change is that the Gulf states will rethink their relationship to the US and its military bases. At least some of them. Most likely Qatar and Oman will distance from the US first. Maybe thereafter the Saudis.

Conversely, the US itself will have to think hard whether it’s a good strategic policy to maintain bases in the region, or to move them back further from the front lines easily attacked by Iran missiles and drones.

Not least, the cost of the Iran war ($200 billion at minimum so far) will push the US budget deficit into the red even further. It will result in Trump and the Republican controlled Congress now cutting social programs even further in order to help pay for the War, Hegseth’s $200 billion request, and Trump’s 2027 budget that calls for a 40%, $400 billion further increase in the Pentagon budget to $1.5 trillion next year.  Already Trump is preparing the ground, saying publicly the US federal government should not be ‘in the business’ of providing health care services for Americans. Its task is defense (aka more Trump wars).

Conclusions

So who’s winning, or has won, the Iran war thus far? Who’s losing?

Another geopolitical sea change is that the Gulf states will rethink their relationship to the US and its military bases.

Iran has agreed to a temporary ceasefire and to negotiate. But it will still run the Hormuz strait. It will collect fees. Higher global oil prices means it will make even more money from oil sales. That can buy a lot of Chinese radars and Russian anti-aircraft systems. The US will not control the Hormuz in any way. Iran will set the rules and control the strait, in cooperation with one or two friendlier Gulf states (Oman, maybe Qatar?)

Iran will replenish and accelerate production and development of its missiles and drone programs.

The Iran war—like the Ukraine war—means military power has changed radically. Surface ships are sitting ducks. Even 5th generation aircraft if they get too close. War is now about hypersonic missiles, autonomous weapons, massed drones in the air, on and under the water, low orbit satellites and surveillance—and of course economic destabilization.

The most important question remains: what will Israel do should US and Iran agree to a deal (or don’t)? Trump and the Iranians can agree to all they want. Israel will not necessarily abide by it (even if it says it will). When the dust settles, Israel will again try to find a way to lure America into its wars of expansion in the middle east. 

The question then becomes whether the US constitutional Republic can survive the influence of Israel and its US Zionist billionaire oligarchs’ stranglehold on the US political system itself.

About the Author

jack_rasmusDr. Jack Rasmus is author of the recently published book, ‘The Scourge of Neoliberalism: US Economic Policy from Reagan to Trump’, Clarity Press, 2020. He publishes at Predicting the Global Economic Crisis

Trump and Iran Agree to Two-Week Ceasefire Tied to Strait of Hormuz Reopening

President Donald Trump said the United States will pause planned attacks on Iranian infrastructure for two weeks, as part of a temporary ceasefire agreement linked to reopening the Strait of Hormuz. The waterway plays a major role in global oil transport, making the development significant for energy markets and international trade.

Trump said the pause depends on Iran allowing the “complete, immediate, and safe” passage of ships through the strait. The agreement follows discussions involving Shehbaz Sharif and Asim Munir, who encouraged both sides to allow more time for negotiations.

Iran’s Foreign Minister Abbas Araghchi said vessels would be able to travel through the strait during the two-week period, subject to coordination with Iranian armed forces. The arrangement is expected to give both sides space to continue talks aimed at reducing tensions and reaching a longer-term agreement.

Markets reacted quickly to the announcement. Oil prices dropped sharply after fears of immediate escalation eased, while U.S. stock futures moved higher. The conflict has already disrupted energy supply routes, so any sign of reduced tensions tends to affect prices and investor sentiment.

Negotiations are likely to go on in Islamabad for the next two weeks, with both sides describing the pause as a step forward toward a bigger agreement. Although some key problems remain unsolved, the temporary ceasefire seems like a way to prevent further fighting and create room for discussions.

Related Readings:

Oil Prices Fall

Power Plants at Risk

Iran’s Supreme Leader Calls to Keep Strait of Hormuz Closed

Davos 2026: Rethinking Urban Development Through Regenerative Cities

Davos, Switzerland, 2026: As global leaders convened for the World Economic Forum 2026, discussions highlighted evolving approaches to how cities are designed, built, and experienced. A session hosted at Climate Hub Davos focused on the growing shift in real estate toward regeneration, human health, and long-term well-being.

The discussion explored how real estate is increasingly being viewed not only in terms of sustainability, but also as a tool to support environmental restoration, resilience, and quality of life. Speakers examined how buildings can be designed to enhance physical and mental well-being while contributing positively to their surrounding ecosystems.

Participants emphasised that future urban development may prioritise longevity, environmental intelligence, and human-centred design. The conversation suggested that traditional definitions of luxury in real estate are changing, with greater importance being placed on health, community impact, and ecological balance.

The session, titled “Regenaissance: Transforming the Way We Live Life on Earth,” brought together international experts working in regenerative development and systems thinking. Among the speakers were Marc Buckley, Paul Stamets, and Dina Bänninger.

© 2026 [Davos 2026]. All rights reserved.
Discussions during the event highlighted a broader shift in how real estate is understood—moving beyond construction and investment toward a role in shaping public health, resilience, and the future of urban living. The concept of regenerative real estate was presented as part of a wider transformation in global development priorities.

In addition to the main session, related discussions took place across various forums during the week, contributing to ongoing conversations about sustainability, systems thinking, and the future of cities. These exchanges reflected increasing global interest in integrating environmental and human well-being into urban planning.

Overall, the dialogue in Davos suggested that future changes in real estate may be driven by approaches that combine sustainability with regeneration, focusing on long-term societal and environmental outcomes.

Legal Options Available for Investment Fraud Victims

California’s economy is built on innovation, investment, and opportunity. From Silicon Valley startups to real estate ventures and private funds, the state attracts individuals looking to grow their wealth and secure their financial future. But with that opportunity comes risk. Investment fraud can take many forms here: misleading financial advice, unauthorized trading, Ponzi schemes, or high-pressure sales tactics that hide more than they reveal. What makes these situations more complex is that victims often don’t realize what’s happened until significant losses have already occurred.

California law provides several avenues for recovery, but navigating them requires a clear understanding of both state and federal protections. Victims may be entitled to pursue claims through arbitration, civil litigation, or regulatory complaints, depending on how the fraud occurred. Seeking California investment fraud help from Meyer Wilson can provide clarity on these options and help determine the most effective path forward.

Recognizing Investment Fraud

Fake detection is the first step to the solution. Investment fraud can take the form of incorrect information, misleading statements, or unauthorized transactions in an account. Unsolicited offers to people directly via phone, email, or on social media. When investors see their investment statements, they may see an unauthorized withdrawal or money suddenly missing. 

Reporting to Authorities

Reporting suspected fraud is essential. Victims should contact local law enforcement to make a police report. There are specific complaint processes, such as a financial commission or a securities regulator. These agencies investigate allegations and may recover some of the lost assets. If you report it at the right time, the chances of a proper investigation are higher. Fully detailed statements, together with correspondence, can support a case.

Civil Lawsuits for Recovery

Victims may be able to file a civil lawsuit against the responsible individuals and organizations. Civil courts give people the right to claim damages for financial loss. Plaintiffs must demonstrate that the fraud directly caused their losses. Victims of the scheme may bring a lawsuit against persons involved in the scheme, companies, and others. The law allows victims to seek financial compensation for damages. 

Class Actions and Group Claims

Some of these schemes impact multiple victims. However, group actions or class action lawsuits could be a practical solution. This brings together resources and facts that contribute to a more affordable way to go to court. If the case is successful, the court can order compensation to be paid to all members of the group. When wrongdoers realize the power of class actions, they are also deterred from committing such conduct in the future. 

Arbitration and Mediation

Not every disagreement has to go to court. For disputes, alternative dispute resolution methods, such as arbitration or mediation, are available and can be more efficient. Arbitration is where an impartial third party reviews the case and issues a binding ruling. Mediation uses a neutral third party to facilitate negotiations between the parties to resolve disputes. These can be quicker and cheaper than traditional litigation. 

Compensation Funds 

From time to time, government agencies and industry organizations may have experience in operating compensation funds or restitution programs. These resources help ease victims’ financial burdens when getting back on their feet is impossible. The eligibility and application procedures differ for each of these. Victims might have to provide documentation confirming what they lost and what they did to recoup money through other means. 

Working with Legal Professionals

Hiring professionals can help you out a lot. Victims can be assisted throughout the process by lawyers experienced in financial fraud. Lawyers help find evidence, prepare papers, and represent a client in court or at arbitration. They can also inform about the chances of winning and the possible consequences. Most attorneys offer initial consultations at little or no cost, helping victims decide the best course of action.

Preventing Future Incidents

Experience can help individuals make better decisions the next time around. Even victims are advised to conduct thorough research before making new investments. Risks can be avoided by checking financial advisors’ credentials and verifying the authenticity of suggested opportunities. Keeping up with popular scams and regulatory news will help you avoid falling victim to further suffering.

Conclusion

There are several options available to investment fraud victims seeking justice and compensation. Early intervention, professional treatment, and support groups can all help. Although it will not happen overnight, awareness of the options ensures that victims can feel comfortable taking the next step out of trauma.

Iran: US adopts Israel’s Gaza/Beirut Obliteration Doctrine

By Dan Steinbock             

Since fall 2023, Israel has implemented its Obliteration Doctrine in Gaza and now in Lebanon. The United States has adopted it in Iran. In the process, the worst mass atrocity crimes are being normalized in the Global South. 

In late March, President Trump threatened to “obliterate Iran’s energy grid,” if a ceasefire was not reached. In his public post, Truth Social, he listed explicit targets, such as power plants, oil facilities and desalination (water) infrastructure. This in addition to the already-massive regional costs and global losses.

On April 4, Trump gave a public ultimatum warning that “hell will rain down” if Iran did not reopen the Strait of Hormuz within 48 hours. The statement featured direct threats to energy infrastructure, water systems.

Such statements are problematic because they strongly support allegations of war crimes, particularly targeting civilian infrastructure

A day later, on Easter Sunday of all days, Trump posted an expletive-laden warning to Iran, threatening to strike civilian infrastructure if the Strait of Hormuz was not reopened. The President set a deadline, stating that if a deal was not reached to “open the F—in’ Strait,” the country would be “living in Hell”

The threats did not come out of the blue. They form a pattern. They have led over 100 international law experts to warn that the US strikes on Iran violate UN Charter and may be war crimes.

Whether Trump will deliver his threat or not, the damage has occurred. The administration has set the stage for the normalization of mass atrocity crimes.

Obliteration rhetoric as a prelude to mass atrocities         

What is notable about these statements by Trump, Defense Secretary Hegseth and other members of the cabinet is that they are not just vague wartime rhetoric. They explicitly reference civilian infrastructure systems, including energy (electricity), water (desalination) and economy-wide assets. Presenting themselves as national security contingencies, they are a prelude to mass atrocities.

Since the onset of the Iran attacks, President Trump has repeatedly claimed that the U.S. military has “literally obliterated” Iran’s military capabilities and leadership as part of thea ongoing conflict.

Such statements are problematic because they strongly support allegations of war crimes, particularly targeting civilian infrastructure; collective punishment and disproportionate warfare. Since they are not anomalous but systematic, they also appear to support crimes against humanity. Even independently, they seem to constitute unlawful threats of force

Here’s the bottom line: in international law, words by senior officials are not just political; they are evidentiary. And this applies particularly situations when those words explicitly reference destroying civilian systems. As a result, they materially strengthen the legal case that ensuing actions were not accidental—but foreseeable, planned, or accepted.

What has been left unsaid is that the White House has embraced core aspects of the devastating military strategy that Israel developed in the early 2000s, tested in Dahiya, Beirut in 2006 and has executed broadly in Gaza’s genocide since fall 2023, as I showed in The Obliteration Doctrine (2025).      

Tens of thousands of civilian sites damaged and destroyed       

The US government typically describes its strikes as targeted against military, infrastructure, or nuclear sites, and has not officially verified the scale of civilian damage reported by Iranian authorities.

Yet, based on reports from the Iranian Red Crescent Society (IRCS) and Iranian officials as of late March and early April 2026, Iran reports that over 90,000 civilian sites—including homes, medical facilities, and schools—have been damaged or destroyed in joint US-Israeli air strikes. That’s over 300 health and emergency facilities. The IRCS has characterized this damage as a deliberate campaign against civilian infrastructure.

These claims come amid a rapid escalation of conflict starting in late February 2026, which has resulted in up to 3.2 to 3.5 million people being displaced within Iran.

IRCS numbers are not independently verified totals. But they are directionally consistent with all other evidence streams.

If the figures reported by the IRCS and Iranian officials are even broadly accurate, the legal implications under international law are extremely serious, because the scale itself becomes legally probative.

With the US at war with Iran and embroiled in conflicts around the world, the Trump White House is asking Congress to approve about $1.5 trillion for defense in the 2027 fiscal year. If enacted, that amount – a 40% increase to the current level – would set US military spending at its highest level in modern history.

It would also amount to a free license to export the Obliteration Doctrine worldwide.

Obliteration as violation of international law            

As demonstrated in The Obliteration Doctrine, this doctrine prioritizes the total destruction of an enemy’s infrastructure and population over traditional military objectives. It relies on four old and brutal methods of devastation.

The scorched-earth policy is a longstanding military strategy of destroying everything that allows an enemy military force to fight a war, including the critical infrastructure, military and state institutions, buildings, crops, livestock, security and so on. Modern historical examples feature the American Civil War and American Indian Wars, and Nazi Germany’s war against the Soviet Union.

Nonetheless, the deployment of scorched-earth policy against non-combatants is banned under the 1977 Geneva Conventions.

Since collective punishment targets individuals who are not responsible for the perpetrated acts, it undermines modern legal systems, which restrict criminal liability to individuals. Yet, it has been widely deployed through history, from late medieval Florence to American Civil War and Nazi occupation of Poland and Yugoslavia, to postwar counter-insurgency campaigns.

Like scorched-earth policy, collective punishment is prohibited in both international and non-international armed conflicts.

Civilian victimization is the purposeful use of violence against noncombatants in a conflict.  In civilian victimization, violence is often deployed to foster civilian cooperation and isolate the military adversary by removing civilians from an area, as applied in the U.S. Strategic Hamlet program during the Vietnam War.

Like scorched-earth policy and collective punishment, civilian victimization is prohibited by the Geneva Conventions.

In its contemporary form, the Obliteration Doctrine accounts for the decimation of urban infrastructure and the genocidal atrocities in the Gaza Strip since 2023. It was first tested in 2006 in Dahiya, a Shia Muslim enclave in Beirut. The net effect has been genocide.

In The Obliteration Doctrine, I argued that Gaza is “most likely a prelude of worse to come.” Now it is spreading to Lebanon, Iran and elsewhere in the Middle East.

Toward algocides 

Since the postwar era, these old sources of obliteration have been coupled with largely indiscriminate area bombardment. In Gaza, it set a historical precedent.

In principle, aerial warfare should comply with laws of war, which regulates the conditions for initiating war (jus ad bellum) and the conduct of hostilities (jus in bello). In particular, aerial operations should comply with the principles of humanitarian law: that is, of military necessity, objective, and proportionality.

Based on Article 51 of Protocol I of the Geneva Conventions, carpet bombing has been considered a war crime since 1977, conveniently after the Vietnam War.

There is one more ingredient to the contemporary Obliteration Doctrine: Israel’s mass assassination factories deploying artificial intelligence for maximum devastation. After October 7, 2023 the Israeli military gave officers sweeping approval to embrace the kill lists of the Lavender program, knowing that the system made “errors” in about 10% of cases and occasionally targeted individuals who had no connection to militants.

For every Hamas operative marked by Lavender, it was permissible to kill up to 15-20 civilians. Backed with AI, the military purposely used “dumb bombs” to hit these homes. Algocide can be defined as a deliberate effort to use the algorithms of artificial intelligence in genocidal atrocities.

In the past weeks, Israel and the US have deployed AI-powered warfare in Iran and Lebanon, using advanced systems for intelligence analysis, target generation, and drone/missile tracking to accelerate the “kill chain”. Israel is using AI tools like “Lohem” and AI-driven data analysis for targeting in Lebanon, while the US relies on Pentagon AI program “Project Maven” to analyze data in the conflict with Iran.

Reports on Israeli AI deployment and US AI-warfare indicate these technologies have enhanced targeting speed while raising serious questions about deliberate civilian damage. These systems were largely matured in the Gaza.

The rules-based order of butchery      

Here’s the problem: the interlocking core aspects of Obliteration Doctrine directly violate several fundamental principles of International Humanitarian Law (IHL), also known as the laws of war:

Nonetheless, AI-enabled warfare does not exempt from these laws. If anything, using AI to facilitate “mass assassination” without human oversight is considered a violation of the obligation to prevent genocide.

It is now transforming “war” which is no longer war, and warfare which can no longer called “warfare.”

The Obliteration Doctrine represents a shift from collateral damage to deliberate civilian victimization, by the countries of the West in the Global South. It is now transforming “war” which is no longer war, and warfare which can no longer called “warfare.”

The blatant destruction of civilians and civilian infrastructure is not war. It is illegal destruction. Nor is it warfare. It is butchery by the mighty.

The world of brutal great power rivalry has a dark track-record. It goes back to capitalist modernity and lethal colonialism in the 19th century. But the new variant is far more lethal and ambitious. It seeks to globalize obliteration.

The commentary was published by the Informed Comment (US) on April 7, 2026.

About the Author

Dr. Dan SteinbockDr Dan Steinbock, an expert of the multipolar world, is the founder of Difference Group and has served at the India, China and America Institute (US), Shanghai Institute for International Studies (China) and the EU Center (Singapore). He is also the author of The Obliteration Doctrine (Sept. 2025) and The Fall of Israel (Oct. 2024). For more, see https://www.differencegroup.net/ 

AI-Ready Regions and Teams are Redefining Tech Strategy

By Dr. Gleb Tsipursky 

A mechanical engineer pulls up a chat window, drops in a set of unit conversions, and watches a clean answer appear in seconds. Ten minutes later, the same engineer reaches for a scratch pad, runs the math again, and cross-checks the result against a familiar formula. That pattern has become the default rhythm of modern engineering work, and the AI adoption report from Omni Calculator puts hard numbers behind it.

Across the United States, AI has already moved from novelty to routine. Engineers treat it like a power tool for speed, then lean on professional judgment for certainty. Tech leadership now owns the gap between those two moves.

AI Use In Engineering Shifts Leadership From Tools To Systems

Engineers have made a clear decision: AI belongs in the workflow, especially where the work feels repetitive. Omni Calculator reports that 86% of U.S. engineers use AI, and most usage targets routine calculations and time-saving tasks rather than high-level design work anchored in domain context and liability. The signal matters for leaders because it reframes the value proposition. AI expands capacity by clearing low-leverage chores, then hands humans more time for judgment-heavy decisions.

AI belongs in the workflow, especially where the work feels repetitive.

That pattern matches what software teams report at scale. A Google research report found AI use has become nearly universal among surveyed developers, with productivity gains tied to automating repetitive work. Software development leaders can treat that as an early indicator of where other disciplines are headed: more AI in the daily loop, plus more responsibility on the organization to keep outputs reliable.

 

High-performing teams respond by treating AI as a system, not a subscription. The system includes guardrails that define allowed use cases, approved inputs, and required checks, especially where safety, compliance, or customer commitments sit on the line. It also includes training that builds AI literacy the way prior eras built CAD literacy, simulation literacy, and secure coding literacy. The NIST Generative AI profile fits well as an organizing backbone because it pushes teams toward structured testing, documentation, and lifecycle governance.

Leaders also benefit from recognizing that AI use in engineering design still carries uneven performance across tasks. Research on generative AI for engineering design highlights strengths in interpreting briefs and drafting instructions alongside gaps that demand validation. That reality supports a simple leadership stance: let AI draft, let engineers decide, and let the process enforce verification.

The Trust Gap Turns Verification Into The Real Productivity Metric

Adoption looks impressive until trust enters the conversation. Omni Calculator reports that only 6% of engineers accept AI outputs with full confidence, while 89% manually double-check results. That behavior reads like friction, yet it also reflects healthy engineering instincts. Engineers build systems that tolerate uncertainty through validation, redundancy, and testing. They bring the same discipline to AI outputs, and leaders should reinforce that discipline as a professional standard.

Verification carries a cost that leaders should measure explicitly, because it directly shapes ROI. If AI saves time on initial work yet demands long verification cycles, the net gain shrinks. Omni Calculator also reports that only 9% of engineers see accuracy improvements from AI, while 71% use it primarily to save time. That combination pushes leadership toward a better metric: capacity gained after verification, rather than raw speed before checks.

This challenge extends beyond engineering. A national U.S. worker survey update from the Federal Reserve Bank of St. Louis tracks adoption in the broader workforce and explores how usage evolves over time, which helps leaders benchmark internal behavior against external change. Meanwhile, organizational readiness often lags employee behavior. A 2025 workplace report highlights that many companies invest heavily, yet few reach maturity, and leadership alignment often constrains scaling.

Closing the trust gap requires two parallel moves: faster verification and safer inputs. Faster verification comes from structured checklists, reproducible prompts, test harnesses, and approved reference methods. Safer inputs come from clear data handling rules that keep proprietary designs, client data, and regulated information inside governed environments. NIST’s emphasis on test and validation processes aligns directly with this need, especially for teams that already live by verification and validation in every other part of engineering.

A practical leadership win comes from shifting AI use toward tools with built-in transparency and auditable math, then reserving open-ended chat for drafting, brainstorming, and documentation. That approach gives engineers a clear path to confirm outputs quickly, and it keeps the culture centered on credibility, which customers and regulators reward.

AI Readiness Becomes A Talent Strategy, A Geography Strategy, And A Mentorship Strategy

Regional adoption gaps already shape how quickly teams normalize AI. Omni Calculator found a 14% difference between the South and West versus the Midwest. Local ecosystems help explain why. The AI economy mapping work from Brookings shows AI readiness clustering across metros based on talent, innovation capacity, and industry mix. When talent moves in dense networks, behaviors spread through peer effect, shared vendors, and cross-company hiring.

Hiring and investment follow that gravity. Job markets reveal where employers place bets. The University of Maryland and LinkUp dataset behind AI job mapping tracks AI-related postings across the United States and shows sharp growth since late 2022, which signals increasing demand for AI-fluent talent in many regions. Leaders planning new sites, acquisitions, or major project ramps can treat AI readiness as a workforce input alongside cost, supply chain, and customer proximity.

Inside the company, AI readiness also varies by generation, and leadership needs an HR strategy that respects that variation. Omni Calculator reports Millennials expect disruption at higher rates than Gen Z, while Gen Z expresses stronger optimism about job improvement. That difference fits a career-stage reality: mid-career engineers have invested years in skill stacks that now feel easier to automate, while early-career engineers treat AI as a default tool. The Future of Jobs Report 2025 reinforces the broader need for reskilling and structured transitions as technology reshapes tasks and roles.

Leaders can turn this into a mentorship advantage by redesigning apprenticeship. Junior engineers still need fundamentals, intuition, and a strong sense for unit discipline, boundary conditions, and failure modes. AI can accelerate early work, and leaders can preserve learning by making auditing a core expectation. Seniors can model strong prompting by embedding constraints, assumptions, and acceptance criteria, then requiring juniors to explain the reasoning chain behind any result. That stance reflects the engineering reality that validation underpins resilient systems, whether the source of the number is a human, a calculator, or an AI model.

Winning organizations treat AI adoption as cultural infrastructure. They set clear governance, protect data, build verification habits, tailor rollout by location, and invest in intergenerational skill transfer. The rest buy licenses, chase speed, and wonder why trust never arrives.

Conclusion

AI has already changed engineering workdays. Engineers use it to clear repetitive tasks, then they lean on professional judgment to validate results. That shift hands leaders a bigger job than procurement: leaders must design systems that make verification fast, consistent, and culturally valued.

Companies that operationalize that standard for AI turn adoption into advantage, and they build teams that move faster with confidence.

The trust gap offers a clear roadmap. When nearly everyone verifies outputs, leadership can treat verification as the center of ROI, then invest in governed tools and testable workflows that shrink the verification tax. Regional and generational differences offer a second roadmap. Leaders can place investments where AI-ready talent pools already thrive, and they can lift slower-moving teams through training, mentorship, and clear career pathing that elevates human judgment.

Engineers already understand the standard: sound work earns trust through validation. Companies that operationalize that standard for AI turn adoption into advantage, and they build teams that move faster with confidence.

About the Author

Dr. Gleb TsipurskyDr. Gleb Tsipursky was named “Office Whisperer” by The New York Times for helping leaders overcome frustrations with Generative AI. He serves as the CEO of the future-of-work consultancy Disaster Avoidance Experts. Dr. Gleb wrote seven best-selling books, and his two most recent ones are Returning to the Office and Leading Hybrid and Remote Teams and ChatGPT for Leaders and Content Creators: Unlocking the Potential of Generative AI. His cutting-edge thought leadership was featured in over 650 articles and 550 interviews in Harvard Business ReviewInc. MagazineUSA TodayCBS NewsFox NewsTimeBusiness InsiderFortuneThe New York Times, and elsewhere. His writing was translated into Chinese, Spanish, Russian, Polish, Korean, French, Vietnamese, German, and other languages. His expertise comes from over 20 years of consultingcoaching, and speaking and training for Fortune 500 companies from Aflac to Xerox. It also comes from over 15 years in academia as a behavioral scientist, with 8 years as a lecturer at UNC-Chapel Hill and 7 years as a professor at Ohio State. A proud Ukrainian American, Dr. Gleb lives in Columbus, Ohio.

The Unwarranted Iran War: US-China Stakes, Regional Costs, Global Losses

By Dan Steinbock 

After 1 month of hostilities and no exit plans, the economic and human costs of the US-Israel joint war against Iran are soaring in the region, increasingly global and testing US-China ties.

Originally set for March, the high-stakes summit between US President Donald Trump and Chinese President Xi Jinping was postponed for about “five or six weeks,” due to the U.S. focus on military operations in Iran.

The delay suggests that the Trump administration grossly underestimated Iran’s resilience.

The summit will take place under the shadow of the worst energy crisis since the 1970s.

US-China stakes in the crisis    

The crisis itself illustrates the differential stakes the two major powers have in the outcome. US military exposure is high, due to its military bases and fleets in the Gulf, whereas China’s armed presence is minimal. As a result, US strategic position is militarily stretched, whereas China’s is economically exposed.

The delay suggests that the Trump administration grossly underestimated Iran’s resilience.

Furthermore, US energy vulnerability is low, thanks to its domestic production. By contrast, China’s energy exposure is high, due to its import dependency. Accordingly, the US is only moderately exposed to an adverse economic impact in the Gulf, whereas in China that effect will be more substantial.

Even if the Trump administration’s initial “decapitation” strike succeeded tactically, as its proponents argue, it has failed strategically. The Iranian leadership remains intact and the command dispersed.

After 1 month of the unwarranted war, the U.S. enjoys escalation dominance, but it has been stalemated. US and Israel have air superiority, yet Iran retains strategic denial via missiles, proxies, and Hormuz leverage.

Unwarranted devastation    

The crisis has spread across the region and beyond. It has caused a severe disruption to global oil flows, threatening 20% of global consumption—some 20 million barrels per day—that typically passes through Hormuz. Over 94% of normal traffic through Hormuz collapsed already in mid-March.

In one of the largest energy shocks since the 1970s, oil has soared by more than 50%, up to $110-120, with supply down by 11 mb/d (million barrels per day). Global system has suffered a highly adverse impact with airspace closures, rerouted shipping, and data infrastructure hits.

In Iran alone, some 1,900-3,500 people have been killed, with up to 17,000-20,000 wounded. The US-Israel strikes have caused widespread damage, with more than 90,000 civilian installations hit, including schools, hospitals, and residential buildings.

Over 3.2 million people are internally displaced in Iran, primarily fleeing major urban centers. In Lebanon, that figure is over 1-1.2 million; that’s every fifth or sixth Lebanese.

A 2-Month War Scenario

At the end of March, the White House assessed that a mission to pry open Hormuz would push the conflict beyond his timeline of 4-6 weeks. As a result, President Trump reportedly told his aides that he’s willing to end the war without reopening the chokepoint. Let’s presume the report is not fake news and the war will continue toward the end of April.

From the military perspective, the U.S. continues its air and missile war, even if the naval campaign to reopen Hormuz may or may not intensify. Limited ground and Marine deployments may or may not occur. If Americans engage, Houthis in Yemen and Iraqi militias join in the conflict.

Despite Trump’s repeated “mission accomplished” claims, there is no decisive victory. Gradual attrition prevails as Iran’s infrastructure continues to be degraded.

War fatigue rises in Israel, where anti-government demonstrations escalate. Iranian missile barrages have depleted Israel’s stockpile of high-end interceptors, forcing a shift toward rationing and relying on less capable systems.

In the US, the Pentagon continues to downplay the costly toll of Iranian missiles, even though by late March many of the 13 military bases in the region used by US troops were ”all but uninhabitable.”

Oil price stabilizes around $120–150, but remains volatile. The supply disruption is persistent.

Spillovers changing the region

After 1 month of hostilities, every country in the primary battlefield – Iran, Lebanon, Syria, Iraq and Israel – is likely to suffer an adverse GDP impact of up to -6 to -30%.

In most Gulf states, that impact is already at -3 to -12%, which threatens to defer the ambitious modernization projects in the region for years.

In the proximate Middle East, most economies, including Egypt, Turkey and Jordan, are taking hits of -2 to -6%. When such negative shocks come after two years of regional stabilization by Israel with US support, it leaves these countries vulnerable.

By the end of April, the regional impact is likely to amount to -4% to -7%. Add another month and it will climb to -6% to -12%. Gulf economies alone could see a plunge of −5% to −15% in severe scenarios.

Some are indirectly affected via an inflation shock (Morocco, Tunisia). Big Gulf actors like Saudi Arabia, UAE and Qatar benefit from price gains, but suffer from disruption.

Several economies – Iraq, Jordan, Gulf states – cope with high stress, due to fiscal strains and security pressures.

Only low-exposure gas exporters like Algeria benefit in the short-term, but no regional state is immune to rising fiscal pressures and geopolitical risks.

If hostilities prove extended, Lebanon and Yemen will teeter at the edge of state or infrastructure breakdown. The same goes for Iran, as long as the White House mistakes PM Netanyahu’s ambitions with US national security.

Regional Spillovers

Strategic options and priorities                        

The Trump White House is burning almost $1 billion daily in the war. Critics argue that the first month of spending totals close to $37 billion. The administration is seeking $200 billion supplemental funding from the Congress. By contrast, China avoids war costs but must absorb energy and trade shock.

In a 2-month war the US pays in strategy (overextension), whereas China pays in economics (energy shock).

What about the next 4 weeks?

In terms of its strategic options, the US seeks to keep Hormuz partially open. It could release some of its stockpile of crude oil to mitigate economic shocks. It can push non-MENA supply (US shale, Atlantic basin). In the short term, it can tolerate high prices to avoid deeper entanglement.

China, too, can draw down reserves. It can also secure long-term contracts (Russia, Central Asia). It could quietly buy discounted Iranian barrels. And it can engage in limited escort and diplomacy to stabilize energy flows.

Regarding their respective postures in the Middle East, the US is likely to persist in what it calls controlled escalation. China will stress its role as a non-military actor. It willl focus on diplomacy and economic ties. It will position as a mediator and avoid security commitments.

US priority is – or at least should be – not to  get trapped in MENA. By contrast, China’s priority is to let US absorb the security costs, while avoiding sanctions and escalation in bilateral relations. 

What if regional war lingers 

If diplomacy fails, regional war emerges as an alternative scenario, as hostilities escalate from Iran and Lebanon to Gulf, Iraq, Yemen, even beyond. A sustained closure of Hormuz would amplify the supply shock undermining global prospects.

The number of deaths doubles, regional displacement exceeds 5 million. Brent oil climbs to $120-150, even $150-200 in the worst scenarios. If infrastructure is damaged, far greater losses loom ahead.

Even in the most benign scenario, the world economy will pay a hefty price, through the prolonged high-cost equilibrium.

Some analysts declare it’s the 1970s déjà vu all over again. They are wrong. Since global economy is today more integrated, the negative ramifications will reverbarate worldwide, not just regionally. Even in the most benign scenario, the world economy will pay a hefty price, through the prolonged high-cost equilibrium.

The Iran crisis has exposed the region’s structural contradiction. On the one hand, the Gulf is an energy superpower (40% global gas reserves). But it is also a highly fragile, chokepoint-dependent system. In this delicate equilibrium, Hormuz holds systemic lever because it controls both oil exports (Gulf states, Iraq, Iran) and liquefied natural gas (Qatar).

The lesson is simple but harsh: With energy disruption everyone loses, as the region morphs from an energy exporter hub to a geopolitical shock epicenter.

The original version was published by China-US Focus on April 4, 2026.

About the Author

Dr Dan SteinbockDr. Dan Steinbock is an internationally recognized strategist of the multipolar world and the founder of Difference Group. He has served at the India, China and America Institute (USA), Shanghai Institutes for International Studies (China) and the EU Center (Singapore). For more, see https://www.differencegroup.net

Oil Prices Slide as Trump Sets Deadline for Iran to Reopen Strait of Hormuz

Oil markets wavered Monday as President Donald Trump gave Iran until Tuesday to reopen the Strait of Hormuz or face attacks on its power plants and bridges. U.S. West Texas Intermediate for May fell about 2% to $109.70 per barrel, while Brent crude dropped roughly 1% to $108.30 per barrel.

Trump posted a warning on social media, saying Iran would be “living in Hell” if it did not comply. He later added, “Tuesday, 8:00 P.M. Eastern Time!” without further clarification. The Strait remains effectively closed, as Iranian attacks on oil tankers continue, blocking a sea route that previously carried about 20% of the world’s oil supply.

Analysts say the disruption is the largest in history. TD Securities estimates that nearly 1 billion barrels of crude and refined products could be lost by the end of the month, while Rapidan Energy projects a net loss of 630 million barrels by June when accounting for emergency stockpile releases and redirected flows.

OPEC+ agreed to raise production by 206,000 barrels per day for May, but the group cautioned that repairing infrastructure damaged in Iranian attacks will be costly and slow, limiting how much additional oil reaches global markets. Kuwait Petroleum Corporation reported drone strikes on several facilities, adding to supply concerns.

With the Strait still closed, the conflict continues to strain energy markets, leaving prices sensitive to every geopolitical development in the region.

Related Readings:

Power Plants at Risk

Oil Prices Drop as Trump Signals Conflict Easing

Pakistan to Host U.S.-Iran Talks

Cloud Trade Copying When One Account Falls Behind

You expect your accounts to move together so you can focus on your strategy instead of constantly correcting differences. In practice, lag rarely shows up as one big error. It appears as small, repeated deviations. One account enters earlier, another fills later, or positions slowly drift apart.

Cloud copying tools such as TradeSyncer.com reduce manual work by automatically forwarding trades. But copying alone is not enough. What matters is understanding the gap between what was sent and what was actually executed. That visibility is what allows you to correct issues calmly and consistently.

Tradesyncer.com focuses on transparency between sent and executed

With tradesyncer.com, the emphasis is on tracking the full chain of events. Not just whether an order was copied, but whether it was accepted, filled, or delayed.

This makes it easier to answer questions like:

  • Was the order sent but rejected
  • Was it accepted but filled later
  • Did it never arrive at the follower account

By separating these steps, you can pinpoint exactly where lag begins instead of assuming the copier failed.

Recognizing when one account is lagging

Lagging accounts usually show clear patterns if you know what to look for:

  • Orders appear on one account earlier than another
  • One account gets partial fills while another fills instantly
  • Entry prices differ due to delayed execution
  • Position sizes drift because fills are incomplete
  • Profit and loss no longer move in sync

Catching these signals early allows you to act before differences compound. You can compare positions, correct sizing, or pause copying to bring accounts back into alignment.

Fail safes determine how your system behaves under stress

The most stable setups are not the fastest, but the most predictable when something goes wrong. That requires defining fail-safes in advance.

Focus on three scenarios:

  • Disconnects between systems or brokers
  • Order rejections due to rules or limits
  • Accounts already holding different positions

Important settings include:

  • Disconnect behavior such as pausing, continuing, or closing trades
  • Tolerance thresholds for timing and price differences
  • Logging that records sent, accepted, and executed orders

Tighter controls increase safety but may pause trading sooner in fast markets. Looser settings allow more trades through but increase the chance of divergence. The goal is to find a balance that fits your strategy.

Position sizing is where most divergence starts

When accounts drift apart, sizing is often the root cause. Differences in balance, leverage, or contract specifications can prevent identical execution.

Common issues include:

  • Orders rejected due to insufficient margin
  • Smaller accounts receiving reduced position sizes
  • Follow-up trades failing because earlier ones differed

Two main approaches:

  • Fixed sizing, simple but less flexible across different accounts
  • Proportional sizing, keeps exposure aligned but requires clear limits

Without defined limits, proportional sizing can feel inconsistent. Setting maximum position sizes or risk caps keeps behavior predictable.

Start small and monitor where differences begin

Scaling too quickly increases complexity. A controlled rollout keeps things manageable.

Best practice:

  • Start with one or two accounts
  • Use a single instrument or strategy
  • Monitor where differences occur: sending, acceptance, or execution

Pay special attention during conditions that stress execution:

  • High volatility
  • Fast reversals
  • Partial fills
  • Short disconnects

A system that logs and flags these events helps you understand behavior without reconstructing it afterward.

Build consistency through controlled setup and monitoring

Cloud trade copying works well when you treat it as a controlled system rather than a “set and forget” tool. Lag between accounts is not unusual, but it becomes manageable when you understand where it starts and how your setup responds.

Using platforms like tradesyncer.com with clear fail-safes, sizing rules, and monitoring allows you to keep accounts aligned and predictable, even when market conditions or broker behavior introduce small differences.

Why Wealthy Women Are Turning to Curated Private Investment Circles

By Genia Xasis

Wealthy women are stepping away from traditional banks and finding their footing in private investment circles instead. They want real peer knowledge, investments that align with their values, and a seat at the table for high-level decisions. These women are changing the way the financial world works.

As the gender wealth gap narrows, high-net-worth women are moving beyond traditional wealth management. They increasingly seek curated private investment circles that provide sophisticated deal flow, peer-to-peer education, and values-aligned investing – benefits often missing from conventional financial institutions.

Global wealth distribution is changing rapidly. By 2030, women are expected to control a much larger share of private wealth. McKinsey & Company predicted that women in the U.S. alone could control up to $30 trillion in assets by decade’s end, denoting a major shift for financial services. As their financial influence grows, many high-net-worth women find that traditional private banks no longer meet their needs, leading to the rise of curated private investment circles.

These are not simply social clubs. They are sophisticated, often invitation-only networks that offer institutional-grade deal flow, tailored financial education, and a collaborative environment. What is prompting this switch from traditional private banks to private investment circles?

The Search for a Shared Lexicon 

For decades, the investment industry has had “boys’ club” culture, often using jargon and networking structures that feel exclusionary. Curated circles for women handle this by forming spaces where women are the primary demographic, reducing both subtle and overt biases found in mixed-gender financial settings.

In these circles, discussions extend beyond financial metrics. Members report greater psychological safety, enabling transparent discussions about risk, legacy, and social impact. This environment promotes collaborative due diligence, where members use their collective expertise to evaluate opportunities. Unlike classic advisory models that treat clients as passive recipients, these circles promote proactive participation and knowledge sharing.

Beyond the Traditional 60/40 Portfolio 

Traditional wealth management relies on standardized models, such as the 60/40 split between equities and bonds. However, wealthy women are increasingly interested in alternative assets, including early-stage venture capital, private equity, and direct real estate. The BCG Global Wealth Report 2025 notes that high-net-worth individuals are turning to private markets to hedge against volatility and aim for higher returns.

Curated circles focus on providing access to hard-to-reach investment opportunities. These may include pre-IPO tech startups or sustainable infrastructure projects, typically available only to family offices and institutional investors. By pooling resources and expertise, members can meet high minimum investment requirements that individuals alone would find difficult to meet.

Table 1: Evolution of Investment Priorities for ​​HNW (High-Net-Worth) Women 

Feature  Traditional Wealth Management  Curated Private Circles 
Primary Driver  Relative performance vs. benchmarks  Absolute impact and long-term legacy 
Asset Focus  Public equities, mutual funds, ETFs  Private equity, VC, direct investments 
Relationship  Advisor-led (Transactional)  Peer-led (Collaborative) 
Transparency  Standardized reporting  Direct access to founders/management 
Values Alignment  Secondary (ESG as a filter)  Central (Values-first allocation) 

The Power of Values-Aligned Investing 

A key feature of this movement lies in its emphasis on ​​“gender-lens” and “impact” investing. Wealthy women are statistically more likely than men to focus on the social and environmental impact of their investments. UBS Global research shows that gender-lens investing has shifted from a niche interest to a core strategic asset class, with female investors leading capital allocation to businesses that advance gender equity and social sustainability.

By pooling capital, these women seek return on investment as well as a “return on values.” Their collective influence allows them to impact corporate governance and demand greater transparency from funded companies. This approach to capital allocation offers a form of activism that traditional retail banking rarely provides.

The Educational Component: Investing as a Craft 

Many private circles emphasize upskilling. Rather than delegating all decisions to third-party managers, members seek to understand the details of each deal. Workshops on term sheets, cap table analysis, and industry-specific topics such as AI and Biotechnology are common.

This move toward active participation turns investors into active architects of their portfolios rather than passive recipients of reports. This sense of agency motivates high-net-worth women, many of whom have led in other sectors and expect similar mastery over their finances. A hands-on approach also helps reduce the confidence gap that has historically limited female participation in high-risk investing.

Table 2: Key Benefits of Private Investment Circles 

Benefit  Description 
Vetted Deal Flow  Access to institutional-grade private placements not available to the general public. 
Collective Intelligence  Leveraging the diverse professional backgrounds of members for enhanced due diligence. 
Discretion & Privacy  Highly secure environments that allow for sensitive financial discussions away from public view. 
Strategic Networking  Connecting with high-level peers across industries, often leading to board seats or partnerships. 

The Future of the Private Circle 

As digitalization advances, such circles are expanding globally. A woman in London can now co-invest with a peer in Singapore on a New York-based fintech startup within a trusted, curated network. This globalization is removing the geographical barriers that once restricted direct private equity participation.

However, maintaining privacy remains essential. The value of these circles comes from their exclusivity and high barriers to entry, which ensure members are fully invested. This exclusivity helps preserve the quality of both members and opportunities. As these groups grow, the main challenge will be retaining the high-trust, boutique atmosphere that defines them.

Conclusion 

The move toward curated private investment circles marks a maturation of the female wealth market. It shifts the focus from being “sold to” toward active participation. For the wealth management industry, this signals a need for change. The future of high-net-worth engagement will depend on community, transparency, and aligning financial goals with personal values. As women gain economic influence, those who support these private, high-trust networks are likely to lead the next era of private finance.

About the Author

Genia Xasis

Genia Xasis is the CEO and founding partner of Berkana, a private investment consortium where ultra-high-net-worth women actively lead and deploy capital. 

EDITOR'S PICK OF THE WEEK

CFO's new mandate. CFO explaining the presentation

The Performance and Transformation Orchestrator: The CFO’s New Mandate in the Age of AI

By Terence Tse CFOs are evolving into AI-driven transformation orchestrators, balancing finance, technology, and strategy while upskilling teams, managing risks, and driving measurable business value. A key insight from this year’s AI for CFOs event, organized...

WISE DECISION MAKER GUIDE

POWER INFLUENCERS

Emerging Trends

The Future of Global Trade