Latest / The President's Daily Brief / November 10th, 2026: American Forces Strike Iran Near Strait of Hormuz & Gangs Rule Over Millions

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November 10th, 2026: American Forces Strike Iran Near Strait of Hormuz & Gangs Rule Over Millions · The President's Daily Brief

0:12
It's Tuesday,
0:13
the 10th of November.
0:15
Welcome to the President's Daily Brief.
0:17
I'm Mike Baker.
0:18
Your eyes and ears on the world stage.
0:20
All right,
0:21
let's get briefed.
0:23
First up,
0:23
new US military strikes are reported in the Strait of Hormuz,
0:27
even as President Trump meets with Qatar's Prime Minister
0:30
in a renewed bid to end the war.
0:33
I'll have the details
0:35
later in the show.
0:35
A new investigation reveals how the criminal gangs and armed insurgents.
0:40
Have seized control of territory that
0:42
is home to more than 200 million people worldwide.
0:46
Plus
0:47
a massive banking collapse triggers political chaos in Paraguay,
0:51
toppling the president and prompting investigators to raid his home.
0:55
And in today's back of the brief,
0:57
we might be getting some answers
0:59
in Europe's cyber hack attacks on refrigerator systems,
1:02
with French officials now blaming Iran's Revolutionary Guard Corps,
1:06
the IRGC,
1:07
for the attacks.
1:09
But first,
1:10
today's PDB spotlight.
1:12
New American military strikes are being reported
1:14
against Iran even as the Trump administration
1:18
considers a diplomatic proposal that could bring an end to the war.
1:21
Iranian officials say US forces carried out
1:24
another round of attacks near Keshem Island
1:27
overnight Sunday,
1:28
just hours
1:29
before President Trump met with Qatar's Prime Minister at the White House.
1:33
According to IranWire,
1:35
Ahmad Nafisi,
1:36
a senior Iranian security official,
1:38
confirmed that American forces struck areas surrounding Keshem Island,
1:42
which
1:42
sits near the strategically important Strait of Hormuz.
1:45
Nafisi claimed the attacks caused no damage to residential,
1:48
commercial,
1:49
or military infrastructure,
1:51
and that essential services on the island continued
1:53
operating normally.
1:55
Iranian authorities say emergency and security
1:57
personnel were placed on heightened alert
1:59
following the strikes.
2:01
Now the US has not publicly confirmed this latest operation,
2:05
and the precise targets remain unclear,
2:07
but the reports follow other American strikes against
2:10
Iranian military installations on the island.
2:13
On Friday,
2:14
President Trump acknowledged that US forces had targeted
2:17
an Iranian air defense system near Keshem.
2:20
American officials have characterized all
2:22
those earlier attacks as defensive measures
2:25
intended to protect US forces operating in the region.
2:28
But while American forces continue sporadic military operations against Iran
2:32
and Iran continues sporadically to fire missiles and drones,
2:36
diplomatic efforts are also reportedly intensifying.
2:39
Yesterday afternoon,
2:40
President Trump met with Qatar's Prime Minister
2:42
Sheikh Mohammad Al Thani.
2:44
He's emerged as one of the
2:45
principal intermediaries between Washington and Tehran.
2:48
The meeting reportedly lasted approximately 45 minutes and
2:51
was conducted behind closed doors without the usual opportunity
2:55
for reporters to question the president.
2:57
The Qatari leader also met separately with Vice President JD Vance,
3:01
who's
3:01
been heavily involved in in direct negotiations with Iran.
3:05
According to Axios,
3:06
Vance has spoken with the Qatari Prime Minister
3:08
almost daily over the past two weeks,
3:11
and Qatar has been working with several other regional governments,
3:14
including Saudi Arabia,
3:15
Egypt,
3:15
Turkey,
3:16
and Pakistan,
3:17
to develop a proposal that could restart negotiations and
3:21
bring the fighting to an end.
3:23
Now the latest plan involves a series of steps that could emphasize the word,
3:27
could be implemented
3:29
over just 2 days.
3:31
Under the proposal,
3:32
the US would begin
3:33
by lifting its naval blockade against Iran
3:36
and releasing some frozen Iranian funds.
3:39
In exchange,
3:40
Tehran would formally invite inspectors
3:42
from the International Atomic Energy Agency
3:45
to visit nuclear facilities damaged during American strikes.
3:49
On the 2nd day,
3:50
supposedly,
3:50
Iran would reopen the Strait of Hormuz to commercial shipping.
3:55
Now that would then be followed by
3:56
renewed negotiations supposedly over Iran's nuclear program,
4:00
including its stockpile of highly enriched uranium.
4:04
Those are proposed steps,
4:06
of course,
4:07
suggestions,
4:08
not commitments that either side has agreed to carry out.
4:11
The Iranian regime wants Washington to lift sanctions,
4:14
end the blockade,
4:15
and halt military operations
4:17
before they'd be willing to move into talk of broader negotiations.
4:21
The Trump administration meanwhile has
4:23
resisted making those concessions without
4:26
stronger assurances about Iran's nuclear activities and regional behavior.
4:31
The Secretary of State Marco Rubio made Washington's position clear on Sunday.
4:35
Speaking before departing for a meeting of G7 foreign ministers in Paris,
4:39
Rubio said he did not believe that the two sides were close to an agreement.
4:43
He described some of Iran's demands as outrageous and ridiculous.
4:48
And really not realistic,
4:49
end quote.
4:50
Iran's government pushed back on Monday.
4:52
A Foreign Ministry spokesman defended Tehran's proposal,
4:55
arguing that lifting the American blockade and sanctions
4:59
was a reasonable condition for restarting negotiations,
5:02
and Iranian officials have continued insisting
5:04
that they will not negotiate under military pressure.
5:07
Still,
5:08
President Trump has recently suggested he would
5:10
prefer to avoid another major escalation.
5:13
His on-again,
5:14
off-again threats of renewed military strikes are currently,
5:17
apparently
5:19
in the off-again stage.
5:20
During an interview with CBS's 60 Minutes that aired on Sunday,
5:24
the president was asked whether he intended to intensify the war.
5:28
He replied,
5:28
quote,
5:29
Well,
5:29
I'm not looking to.
5:30
I don't think there's any reason to,
5:32
end quote.
5:33
But Trump has also kept the possibility of
5:36
additional military action on the table
5:38
if diplomatic efforts fail.
5:40
And the political circumstances have certainly changed following
5:43
last week's midterm elections in the US,
5:46
which saw Republicans suffer significant losses,
5:48
that's putting it mildly,
5:49
amid public frustration over the war
5:52
and its economic consequences.
5:54
That adds another consideration for an administration
5:56
already facing difficult choices over Iran.
6:00
For now,
6:00
there's been no
6:01
announced breakthrough following Trump's meeting
6:03
with the Qatari Prime Minister.
6:05
The central disagreement remains whether Washington is prepared
6:09
to ease its blockade and make other economic concessions
6:13
before Tehran makes their own concessions.
6:16
It's essentially a standoff,
6:18
an old fashioned staring contest
6:20
with neither side wanting the appearance
6:22
of giving in to the other.
6:24
All right,
6:25
coming up next,
6:26
a new study reveals that some 200 million people worldwide
6:30
are living in areas controlled or influenced by criminal gangs and insurgents.
6:35
And a banking collapse topples Paraguay's president.
6:39
I'll be right back.
6:42
Hey,
6:42
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6:43
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Welcome back to the PDB.
7:46
Around the world,
7:47
criminal gangs,
7:48
drug cartels,
7:48
and armed insurgents
7:50
are doing more than just engaging in criminal cartel or insurgent activity.
7:55
They're taking control of territory,
7:58
collecting taxes,
7:59
running local economies,
8:00
and
8:00
assuming powers that are normally reserved for governments.
8:04
And according to a new investigation by the Wall Street Journal,
8:06
the scale of this problem is enormous.
8:08
The journal examined the growing influence of
8:11
these organizations across more than 60 countries
8:14
where an estimated 204 million people
8:17
now live in areas controlled or contested by armed groups of various sorts.
8:22
That figure comes from the International Committee of the Red Cross,
8:25
which
8:26
has identified 383 armed organizations
8:29
that are of humanitarian concern worldwide.
8:33
Of those 204 million people,
8:34
approximately 74 million
8:36
live in territories fully controlled by armed groups.
8:40
Another 130 million
8:42
live in areas where government forces and
8:44
rival organizations are competing for control.
8:47
Now that's an increase of roughly 30 million people since the year 2021.
8:52
And what makes this particularly concerning is that many
8:54
of these organizations are now functioning as alternative governments.
8:58
They collect money from local businesses,
9:00
regulate commerce,
9:01
enforce their own rules,
9:02
and sometimes even provide public services.
9:05
And of course
9:06
much of their authority
9:07
rests on intimidation,
9:09
extortion,
9:10
and violence,
9:11
and their ability to establish control over
9:13
communities makes them considerably harder to dislodge.
9:17
The journal highlights several examples.
9:20
First up,
9:20
Ecuador.
9:21
Once considered one of South America's safer countries,
9:24
Ecuador has experienced an explosion in organized crime and violence
9:28
as rival gangs compete for control of cocaine trafficking routes.
9:32
Organizations like Los Chros and Los Lobos have
9:35
battled for access to ports and transportation corridors.
9:38
That connects South American cocaine producers with international markets.
9:42
Their influence extends into prisons,
9:44
businesses,
9:45
and local communities
9:46
where violence and extortion have undermined government authority
9:50
in neighboring Colombia and across parts of Mexico,
9:52
of course,
9:53
cartels exercise enormous influence over local economies.
9:57
Some organizations extort farmers and business
9:59
owners while others control roads,
10:01
transportation routes,
10:02
and entire communities.
10:04
In certain areas,
10:05
residents must answer to criminal organizations
10:08
as well as their own governments.
10:10
Now,
10:10
if you cross the Atlantic to Africa,
10:12
across the Sahel,
10:13
particularly in Mali and Burkina Faso,
10:15
jihadist organizations and ethnic militias have driven
10:18
government forces out of large areas.
10:21
Now one of the most powerful is Jaim,
10:23
an al Qaeda affiliate that controls or contests substantial territory.
10:27
The group generates revenue through activities
10:29
including the exploitation of natural resources.
10:32
While using violence and intimidation to enforce its authority,
10:36
and in parts of the region,
10:37
national governments have struggled
10:39
to regain control despite years of military operations.
10:43
Then there's Southeast Asia.
10:45
In Myanmar,
10:46
formerly known as Burma,
10:47
years of civil war have allowed armed militias and
10:50
criminal syndicates to establish themselves along remote border regions.
10:55
Some operate extensive drug trafficking networks,
10:57
and others run industrial scale cyber fraud operations.
11:01
These include sprawling scam compounds where trafficked workers are forced to
11:06
participate in online fraud schemes targeting victims around the world.
11:11
Similar criminal operations have emerged in neighboring Cambodia.
11:15
According to the reporting from the Wall Street Journal.
11:17
The reach of these groups is expanding
11:19
with technology.
11:20
Inexpensive drones provide capabilities that
11:23
once required sophisticated military equipment.
11:26
Encrypted communications help coordinate international operations,
11:29
while cryptocurrency offers additional ways to move money across borders
11:34
for the US,
11:35
the implications extend well beyond the
11:36
countries where these organizations operate.
11:39
Drug cartels supply American markets,
11:41
of course.
11:42
Cyber criminals steal from American victims,
11:44
and armed insurgent groups can destabilize governments in
11:47
strategically important regions.
11:50
But the journal's investigation points to an even larger challenge.
11:54
These organizations aren't just exploiting weak governments.
11:57
In some cases
11:58
they're replacing government authority altogether,
12:01
making their growing influence
12:03
a significant feature of the international security landscape.
12:07
Turning now to South America,
12:09
where the collapse of a major bank has led to a
12:11
political crisis that's reached the highest levels of the government.
12:15
What began with frozen accounts and angry customers
12:18
has brought down the president and sent thousands protesting into the streets.
12:22
To understand how Paraguay reached this point,
12:25
we'll start with the bank
12:26
itself.
12:27
Now that would be
12:28
the bank called Wano,
12:30
launched as a financial tech business in 2021,
12:33
it became a licensed bank in 2023.
12:36
Its appeal is similar to the way that others use PayPal,
12:40
manage your money from your phone,
12:41
make everyday payments,
12:43
get discounts.
12:44
For Paraguaayans underserved by traditional banks,
12:47
that offered a convenient way into the banking system.
12:50
With heavy marketing,
12:51
Wao reported nearly 3 million customers,
12:54
or around 60% of the country's adult population,
12:57
and that gives you a sense of
12:58
what was at stake when its services
13:00
suddenly stopped working early last Tuesday morning.
13:03
Customers were left scrambling to access savings,
13:06
wages,
13:06
and pension payments.
13:08
Demonstrators gathered outside Congress in the capital Asuncion,
13:11
demanding their money back.
13:13
Protests spread to other cities,
13:14
with some turning violent as demonstrators clashed with police.
13:18
Behind the shutdown was a serious problem.
13:21
Bno did not have enough of its own capital
13:24
to cover potential losses if borrowers failed to repay their loans.
13:27
Yeah,
13:28
that's a serious problem.
13:29
The crisis reached President Santiago Pena,
13:32
who had owned shares in the bank's parent company.
13:36
Prosecutors allege he used his office
13:38
to influence government agencies and state-owned entities
13:41
to keep public money,
13:42
government money at Wano,
13:44
despite that connection and despite concerns about its financial health.
13:48
That allegation turned a banking crisis into a direct threat to his presidency.
13:53
On Thursday,
13:54
Pena attempted to resign amid the scandal.
13:57
However,
13:57
Congress rejected that route
13:59
and pressed ahead with his removal.
14:01
On Friday,
14:02
the Paraguayan Senate voted unanimously to oust him.
14:05
He was then arrested
14:06
and charged Saturday with breach of trust and administration for personal gain.
14:11
Each offense
14:12
could carry a prison sentence of up to 10 years.
14:15
A judge ordered him held at a military facility,
14:17
and by Sunday,
14:18
police were searching his mansion outside Asuncion.
14:21
Now Pena has pleaded not guilty and maintains
14:25
that the bank's difficulties were a regulatory matter.
14:28
His former vice president Pedro Ayana has been sworn in as president
14:32
and will serve the remainder of Pena's term,
14:34
which ends in August of 2028.
14:37
To better understand the case against the former president,
14:40
we do need to look more closely at the public money entrusted to Wayno
14:44
and his personal dealings with that bank.
14:47
Back in June,
14:48
Wayo reportedly held approximately $850 million in public funds.
14:53
That included
14:54
$355 million
14:56
from Paraguay's Social Security Institute,
14:59
which manages pensions and healthcare funds,
15:01
representing roughly 9% of its investment portfolio.
15:05
Alongside those public deposits were Pena's own financial ties.
15:09
When he took office in 2023,
15:11
his asset declaration listed approximately $845,000 in shares
15:16
in the bank's parent company.
15:18
He retained them until March of 2025.
15:21
His dealings with Bno also included borrowing from the bank.
15:25
The indictment says Pena obtained two loans
15:27
totaling approximately half a million dollars in 2024
15:30
to help build his mansion.
15:32
Well,
15:32
you know,
15:32
the mansion's not gonna build itself.
15:35
His reported monthly mortgage payment was $38,000
15:38
which was roughly six times his salary.
15:41
There's a clue,
15:42
and the lending under scrutiny goes far beyond the former president.
15:46
Bno had extended approximately $146 million
15:50
to just three companies
15:51
that were connected to its controlling owners.
15:54
There's another clue.
15:55
The country's former finance minister described loan documents that appeared to
15:58
have the same people signing on both sides of some transactions.
16:02
Yes,
16:02
that's a problem as well.
16:04
In 2023,
16:06
Pena appointed Carlos Carvoya
16:08
to lead the central bank,
16:10
the institution supervising Paraguay's banks.
16:12
Carvalho had previously headed BO.
16:15
He too has since been arrested
16:17
and charged with breach of trust,
16:19
administration for personal gain,
16:20
and producing false public documents.
16:23
Eight bueno executives,
16:24
including the chief executive,
16:26
have also been arrested and charged.
16:28
An opposition senator
16:29
called the scandal the biggest corruption scandal
16:32
in our democratic history.
16:35
So for the new president,
16:36
the immediate task is getting money back to the customers.
16:39
Ayana's government is making reimbursements through a fund
16:43
designed to protect bank deposits.
16:45
Ayana said Sunday that
16:46
approximately 158 million
16:49
had been distributed,
16:50
with more expected this week.
16:53
All right.
16:53
Coming up in the back of the brief,
16:55
those mysterious refrigerator cyber hacks across Europe
16:59
now have a suspected culprit,
17:00
with France accusing Iran's Revolutionary Guard Corps,
17:03
the IRGC.
17:05
More on that
17:07
when we come back.
17:10
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17:14
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17:15
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In today's back of the brief,
19:43
the French officials are accusing Iran's Revolutionary Guard Corps,
19:46
the IRGC,
19:48
of targeting and attacking refrigeration systems in France and elsewhere.
19:52
Now
19:53
Paris is vowing retaliation against the Iranian regime.
19:57
We've been tracking these attacks as they spread through European supermarkets,
20:01
leaving stores with spoiled food supplies,
20:03
and just last week,
20:04
French blood storage facilities were attacked,
20:07
although staff were able to intervene to protect medical supplies.
20:11
On Monday,
20:11
France's foreign minister said Iran's ambassador had been summoned.
20:14
Well,
20:15
they're gonna hate that,
20:15
aren't they?
20:16
That should solve the problem.
20:17
Let's summon the ambassador.
20:19
He also threatened further European Union sanctions against Iran.
20:22
Paris prosecutors have also requested international
20:25
arrest warrants targeting the alleged perpetrators.
20:28
The French announcement came just minutes after Reuters
20:31
exclusively reported that investigators privately suspected Iran,
20:35
but French officials are doing more than just naming a suspect.
20:38
Their intelligence and cybersecurity agencies
20:41
have released a joint report explaining how they traced the campaign.
20:46
It identifies Shahid Gauvay,
20:48
described as a cyber offensive unit tied to the IRGC.
20:51
And names three alleged associates.
20:54
French officials say the unit hid behind numerous front groups,
20:58
including Cyber Avengers as a catchy name,
21:01
and the Cyber Is nod Front,
21:03
not quite as catchy.
21:04
They presented themselves as independent vigilante hackers.
21:07
France says
21:08
they were just cover for an operation tied to the Iranian regime.
21:12
Investigators point to several connections digital
21:15
infrastructure used by Shahid Khavey.
21:18
Intrusion patterns matching its previous operations and traces of Farsi
21:23
recovered from the attack infrastructure.
21:24
Yeah,
21:24
those are all pretty decent clues.
21:27
That's the case that French authorities are laying out.
21:29
The damage they documented shows what this operation meant
21:32
for the businesses on the receiving end.
21:34
The October 11th cyber attack struck hundreds
21:37
of French supermarkets across the country.
21:39
Authorities say a total of 700 commercial sites were targeted.
21:43
Some refrigeration units had their temperatures raised
21:45
so high that they caught fire.
21:47
French authorities record at least 15 such fires.
21:51
Nationwide losses
21:53
could reach tens of millions of euros.
21:55
The October attacks were followed this month by a second
21:57
wave that hit more than 100 establishments across Europe.
22:01
That wave also attacked refrigerators used by French blood banks,
22:05
forcing employees
22:06
to move some of the blood supplies to other cold storage units.
22:09
The blood service said no blood products or biological samples were lost.
22:13
Collection and distribution continued
22:15
without interruption.
22:16
Those supplies were protected because staff intervened.
22:20
The French supermarket sabotage stands out as one of
22:22
the most disruptive cyber attacks of the Iran conflict,
22:26
which has otherwise seen scattered incidents of alleged digital disruption.
22:30
Reuters reports that Iranian hackers have previously
22:34
struggled to cause disruption on this scale.
22:37
The freezer attacks
22:38
show what happens when they succeed,
22:40
and this week US officials warned
22:43
that more could be coming.
22:45
And that my friends,
22:46
is the president's Daily Brief for Tuesday,
22:48
the 10th of November.
22:49
Now,
22:49
if you have any questions or comments,
22:51
just reach out to me at PDB@hefirstv.com.
22:54
And of course don't forget to check out our YouTube channel.
22:57
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23:01
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23:05
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23:08
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23:10
I'm Mike Baker and I'll be back later today with the PDB afternoon bulletin.
23:14
Until then.
23:15
Stay informed,
23:16
stay safe,
23:18
stay cool.