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☆ U.S. crude oil hovers near $83 after Iran says it will not escalate conflict with Israel
▼ + stars: | 2024-04-22 | by ( Spencer Kimball | ) www.cnbc.com time to read: 1 min

A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf. Crude oil futures edged lower on Monday after Iran said it will not escalate the conflict with Israel. The West Texas Intermediate contract for May lost 46 cents to $82.68 a barrel, while June Brent futures fell 89 cents to $86.40 a barrel. U.S. crude oil and Brent fell 3% last week. Iranian Foreign Minister Hossein Amirabdollahian told NBC News the Islamic Republic does not plan to respond to Israel's retaliatory strike launched Friday.

Persons: Brent, Hossein Amirabdollahian, Amirabdollahian Organizations: The West Texas Intermediate, May, NBC Locations: Iranian, Iran, Israel, The, Islamic Republic

Iran's Foreign Minister Hossein Amirabdollahian speaks during a press conference at the Lebanese Ministry of Foreign Affairs, in Beirut, Lebanon February 10, 2024. "What happened last night was not a strike," the foreign minister, Hossein Amirabdollahian, said in an interview with NBC News' Tom Llamas. But the foreign minister warned that if Israel did attack Iran, the response would be swift and severe. Iran responded 12 days later, launching an unprecedented, direct military attack on Israel involving more than 300 missiles and drones. Still, the foreign minister said he hopes that a deal will be reached soon for the release of the hostages as part of a broad settlement.

Persons: Hossein Amirabdollahian, Israel, Tom Llamas, –, Amirabdollahian, Biden, Karine Jean, Pierre, Benjamin Netanhayu Organizations: Iran's, Lebanese Ministry of Foreign Affairs, NBC News, Security, Israel, Iranian Revolutionary Guard Corps Locations: Beirut, Lebanon, New York, Iran, Israel, Syrian, Damascus, Haifa, Tel Aviv, Syria, Yemen, Gaza, Tehran, Isfahan

☆ Hossein Amir-Abdollahian: Iran’s response will be “immediate and at a maximum level,” foreign minister warns Israel
▼ + stars: | 2024-04-18 | by ( Simone Mccarthy | Tara John | ) edition.cnn.com time to read: +4 min

CNN —Iran’s response if Israel takes any further military action against it would be “immediate and at a maximum level,” Foreign Minister Hossein Amir-Abdollahian told CNN Thursday, as fears rise of an escalation of the conflict in the Middle East. The tit-for-tat strikes have brought a decades long shadow war between Israel and Iran out in the open and sent fear coursing through the Middle East. Israeli Prime Minister Benjamin Netanyahu on Wednesday said Israel will make its “own decisions” when responding to Iran’s airstrikes. The details of a potential “maximum response” have been planned by Iran’s armed forces, he added. “Our operations in response were carried out at a minimum because we were not seeking to hit multiple targets,” he said.

Persons: Hossein Amir, Abdollahian, adventurism, ” Amir, CNN’s Erin Burnett, Benjamin Netanyahu, Israel, ”, Amir, “ Organizations: CNN, Amir, Palestinian, Hamas, Wednesday, Iranian, United Nations, White, Swiss Embassy Locations: Israel, Iran, New York, Tehran, Syria, Iranian, Isfahan, Iran’s, FARS, Damascus, United States, Gaza, Israeli, “, America

☆ China is entering an era of stagnation and disappointment that may not be resolved like Japan's, Nobel economist Paul Krugman says
▼ + stars: | 2024-01-19 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

China's economy is headed for an era of stagnation and disappointment, Nobel laureate Paul Krugman wrote. The country's economic model has been unsustainable for years, given ultra-low consumer spending. "Let's not gloat about China's economic stumble, which may become everyone's problem." AdvertisementBut even under better stewardship, China's economic approach has been unsustainable for years and was set to break down eventually. "Let's not gloat about China's economic stumble, which may become everyone's problem."

Persons: Nobel, Paul Krugman, —, Krugman, Xi, That's Organizations: Service, New York Times Locations: China, Japan, Tokyo, Beijing

☆ Opinion: Will Israel-Hamas war mean a US-Iran escalation?
▼ + stars: | 2023-10-26 | by ( Opinion Charles Dunne | ) edition.cnn.com time to read: +9 min

However, the White House has, for the moment, rightly stopped short of concluding that a major escalation is inevitable. While this risks escalation, it might be necessary — and a lack of resolve is also a risk in the face of ongoing attacks. There is a history here that goes beyond the fact that the US is allied with and supporting Israel in its war on Hamas. There has been much speculation about whether, given these well-documented ties, Iran ordered the Hamas operation in southern Israel. Miscalculations — whether by Iran, Israel, Hezbollah or even the US — could rapidly lead to a multifront regional war with casualties easily numbering in the tens of thousands.

Persons: Charles Dunne, John Kirby, Joe Biden, “, Qassem Soleimani, Bashar al, Assad, there’s, —, Biden, ”, It’s, Iran hasn’t, Israel, Geravand, it’s Organizations: US Foreign Service, Arab Center Washington DC, Middle East Institute, Elliott School of International Affairs, George Washington University, CNN, Hamas, White, National Security, Iranian Revolutionary Guards, Qods Force, Reuters, Washington Post, Force Locations: Iraq, Syria, Israel, Iranian, Washington, Tehran, Iran, United States, Europe, Sarajevo, Russia, Syrian, State, Lebanon, Gaza, Yemen, Hezbollah, Sudan, Egypt, Qatar, Israel’s

The White House has been working urgently in the past 24 hours to get a Senate confirmation process in motion for President Joe Biden's nominee to be U.S. ambassador to Israel, according to two White House officials. But the White House officials said they hope lawmakers in both parties will agree with the president on the need to quickly confirm Lew amid the war between Israel and Hamas. "Everyone understands the importance behind it," one White House official said. Tom Nides, Biden's former ambassador to Israel, told NBC News in an interview that the Senate needs to confirm his successor "immediately" upon return. One official said Lew is "eager" to get to work, and the White House hopes he is confirmed with bipartisan support.

Persons: Jack Lew, Joe Biden's, Obama, Biden, Lew, Tom Nides, Nides, Sen, Chris Murphy, Israel, Chris Coons, Coons, hasn't, Ted Cruz, Bill Clinton Organizations: International Monetary Fund, World Bank Group, IMF, White, Foreign Relations, White House, West Bank, Palestinian Health Ministry, NBC News, Connecticut, U.S, State, Counterterrorism, U.S . Agency for International Development, USAID, Republicans, Senate, Washington, Management, Israel, Organization, Economic Locations: Europe, Washington , DC, Israel, Gaza, U.S, Oman, Kuwait, Egypt, Ted Cruz of Texas

☆ China Wants to Challenge U.S. Military Power Around the World - The New York Times
▼ + stars: | 2023-09-07 | by ( Craig Singleton | ) www.nytimes.com time to read: +1 min

At Cambodia’s Ream Naval Base, China is nearing completion of what U.S. officials suspect will be its first overseas military outpost in the Indo-Pacific region. Beyond facilitating Chinese military adventurism in the South China Sea, the new base could provide the People’s Liberation Army (P.L.A.) with a staging ground to monitor and influence vital maritime routes like the Malacca Strait, through which an estimated 40 percent of the world’s trade flows. But the base also shines a light on Beijing’s broader embrace of an innovative strategy to challenge American military strength that has potentially grave implications for Washington and its allies. China has plainly stated that these points are designed to “provide support for overseas military operations” and “exert political and military influence” abroad.

Organizations: Ream, Liberation Army Locations: Base, China, South China, Malacca, Washington, Aden . China, Djibouti, East Africa, Equatorial Guinea, Solomon Islands, South Pacific

☆ Party pressure mounts on Netanyahu to pause judicial overhaul
▼ + stars: | 2023-03-26 | by ( Dan Williams | ) www.reuters.com time to read: +3 min

Netanyahu, who is on trial on graft charges that he denies, says the overhaul will balance out the branches of government. Defence Minister Yoav Gallant, a Likud lawmaker, broke ranks on Saturday by publicly urging Netanyahu to suspend legislation for a month. Gallant's statement was welcomed by senior Likud lawmaker David Bitan. But it was not clear if they or others in Likud might abstain in a ratification vote. But a pro-reform Likud lawmaker, Tally Gotliv, sounded unfazed.

A helicopter flies over the downtown skyline, amid the coronavirus disease (COVID-19) outbreak, as seen from the Cleveland Clinic hospital in Abu Dhabi, United Arab Emirates, April 20, 2020. ADQ, the smallest of Abu Dhabi's three main sovereign wealth funds, began in 2018 as a vehicle for holding state assets. ADQ and the UAE foreign ministry did not respond to emailed requests for comment. Among recent deals, ADQ launched a $300 million technology fund in March with Turkey's sovereign wealth fund to invest in venture capital funds and opportunities inside Turkey. "They are the ones that promote UAE economic diplomacy, its regional and global influence," he said.

☆ Tucker Carlson hosts Tulsi Gabbard after she quits the Democratic Party. Good riddance.
▼ + stars: | 2022-10-12 | by ( Max Burns | Max Burns Is A Democratic Strategist | Founder Of Third Degree Strategies. Find Him On Twitter | ) www.nbcnews.com time to read: +7 min

Just three years ago, then-Hawaii Rep. Tulsi Gabbard stood on the Democratic presidential debate stage and pitched herself as a leader committed to moving the party forward. That Gabbard is tough to square with the bitter also-ran who told the world on Twitter on Tuesday morning that she was officially leaving the Democratic Party. Gabbard’s minute-long good riddance video might have been a bigger media surprise had she not spent much of the last two years savaging the Democratic Party and drifting relentlessly rightward. Pennsylvania state Rep. Malcolm Kenyatta was more succinct in his snark, tweeting, “Wait, Tulsi Gabbard was a Democrat?”Gabbard’s reasons for leaving read like a typical Tucker Carlson monologue. On Wednesday, just a day after announcing her departure from the Democratic Party, Gabbard announced the launch of “The Tulsi Gabbard Show” on Apple Podcasts.

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