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Read previewUkraine and Israel are exploring cost-effective ways of countering drones as they both face repeated attacks from their determined adversaries. Israel has one of the world's most advanced air defense networks but is still having trouble countering these drones. Zinchenko/Getty ImagesUkraine needs a cost-effective solution to defeat the thousands of Russian one-way drone attacks that have forced Kyiv to expend large quantities of its expensive air defense missiles to shoot down. Related storiesCEPA's Borsari believes the M61 cannon could be an "interesting solution" for countering certain drones. "In principle, its use in both fixed and mobile applications is not new and is conceptually similar to many other anti-aircraft guns that have been used for counter-drone purposes in Ukraine," Borsari said.
Persons: , Israel, Federico Borsari, Borsari, Samuel Bendett, Bendett, it's, UGVs Organizations: Service, Business, Russia's, Center for, Center for Naval, American Locations: Ukraine, Israel, Lebanon, Iran, Russia's Iran, Kyiv Oblast, Russian, Gaza
“To be prepared for war,” George Washington said, “is one of the most effectual means of preserving peace.” President Ronald Reagan agreed with his forebear’s words, and peace through strength became a theme of his administration. It is far past time to rebuild America’s military. President Vladimir Putin of Russia has thrown Europe into war and mobilized his society for long-term conflict. Iran and its proxy groups have escalated their shadow war against Israel and increased attacks on U.S. ships and soldiers. Iran has provided Russia with battlefield drones, and China is sending technical and logistical help to aid Mr. Putin’s war.
Persons: ” George Washington, , Ronald Reagan, America’s, Xi Jinping, Vladimir Putin Organizations: U.S . Senate Armed Services Committee, U.S . Navy Locations: American, China, Russia, Europe, Iran, Israel, Korea
Unlike previous Iranian presidents, Raisi seemed content to serve as an empty vessel that carried out the reactionary policies of Supreme Leader Ali Khamenei, the final arbiter on policymaking. So, when foreign dignitaries from a whopping 68 countries gathered for Raisi’s funeral on Thursday, they may not have been preoccupied with thoughts of the late president. Iranians follow a truck carrying the coffins of the late President Ebrahim Raisi and his companions during a funeral ceremony in Tehran, Iran. “This (funeral) is a way for countries to show the progress they have made in repairing relations with Iran,” said Parsi. He could also decide to change tack, opening it up so that Iran’s next president enjoys broad popular support.
Persons: Ebrahim Raisi’s, Raisi, Ali Khamenei, Hassan Rouhani, Mahmoud Ahmadinejad –, Qassem Soleimani, Quincy Institute Trita Parsi, , Ismail Haniyeh, Ebrahim Raisi, Majid Saeedi, Donald Trump, , Khamenei, , ” Mohammad Ali Shabani, Amwaj.media, CNN’s Becky Anderson, that’s Organizations: CNN, Quincy Institute Trita, United Arab, Getty, Obama, country’s Guardian Council, Supreme Locations: East, Iran, ” Washington, Gaza, Tehran, Israel, Damascus, Turkey, India, China, Saudi Arabia, United Arab Emirates, UAE, Kuwait, Europe, Islamic Republic, country’s
One familiar name stood out to US officials: the new acting foreign minister, Ali Bagheri Kani. Just last week in Oman, Kani was part of a delegation of senior Iranian officials that met indirectly with US officials, current and former officials said. In the wake of the death of so many of his top officials, US officials believe that Khamenei will work to ensure that replacements adhere to his hardline worldview. “It’s difficult to see there will be any major changes in the way Iran behaves on the world stage,” a senior administration official said. In talks with Iranian officials in Oman last week, US officials once again laid out for their counterparts the consequences of Iran’s destabilizing actions, behavior and policies, according to the senior administration official and a US official.
Persons: Ali Bagheri Kani, Kani, Biden, Ebrahim Raisi, Ali Khamenei, Raisi, Jonathan Panikoff, ” Khamenei, Khamenei, , Panikoff, , Ayatollah Ali Khamenei, Vahid, , Matt Miller Organizations: CNN, US, Supreme, Experts, Tehran ”, State Department Locations: Iran, United States, Oman, Gaza, Washington, Tehran, Israel, Kani
She is a weekly opinion contributor to CNN, a contributing columnist to The Washington Post and senior columnist for World Politics Review. Expect clerics and security forces – the military and Iran’s Islamic Revolutionary Guard Corps (IRGC) – to compete to see who can gain the upper hand, with hardliners in both groups seeking to position themselves for dominance. The chance of a kinder, gentler Iran emerging after new presidential elections are held in 50 days are essentially nil. He won, but most voters spoiled their ballots or stayed home, with the lowest turnout in the Islamic Republic’s history. Now Raisi is dead and the odds are that he will be replaced by another hardliner.
Persons: Frida Ghitis, Ebrahim Raisi, Raisi, Hossein Amir Abdollahian, , Ali Khamenei, Khamenei acolyte, , Mahsa Amini, ” Raisi Organizations: CNN, Washington Post, Politics, Islamic, Ukraine, Islamic Revolutionary Guard Corps, Army, Amnesty International, Green Movement, US Locations: Republic of Iran, Islamic Republic, Iran, Israel, Gaza, Lebanon, Yemen, Damascus, Russia, China, North Korea, Tehran, Saudi Arabia
CNN —Once seen as a likely successor to Iran’s Supreme Leader, President Ebrahim Raisi has died in office, leaving the Islamic Republic’s hardline establishment facing an uncertain future. An ultraconservative president, 63-year-old Raisi was killed Sunday, along with Foreign Minister Hossein Amir-Abdollahian and other high-ranking officials, in a helicopter crash in Iran’s remote northwest. Raisi’s death has raised questions about who will eventually succeed Iran’s 85-year-old Supreme Leader Ayatollah Ali Khamenei, the most powerful man in the country. According to the constitution, the 88-member Assembly of Experts picks the successor to the Supreme Leader after his death. “(This) definitely throws all the plans that offices of the Supreme Leader probably had out the window,” Vaez told CNN’s Paula Newton.
Persons: CNN —, Ebrahim Raisi, Raisi, Hossein Amir, growingly restive, ” Ali Vaez, Power, Mohammad Mokhber, Ayatollah Ali Khamenei, , Hassan Rouhani, ” Parsi, ” Vaez, ” Iran's, Iran’s, Khamenei, Azin, AP “ Ebrahim Raisi’s, ” Karim Sadjadpour, Leader’s, Mojtaba Khamanei, Sadjadpour, Vaez, CNN’s Paula Newton, Islamic Republic ” Organizations: CNN, Iran’s, Islamic, Foreign, IRI, Group, Experts, Quincy Institute, Responsible, Revolutionary Guards, Iran's, Observers, Iran’s Guardian Council, Guardian Council, Moj News Agency, AP, Carnegie Endowment, International Locations: Islamic Republic of Iran, Iran, Islamic Republic, Washington ,, Tehran, Iranian, Raisi, Varzaghan
The President of Islamic Republic of Iran Seyyed Ebrahim Raisi during the meeting with Secretary-General Antonio Guterres UN Headquarters. Lev Radin | Lightrocket | Getty ImagesThe sudden death of Iranian President Ebrahim Raisi in a helicopter crash plunges Tehran into fresh uncertainty at a time when it already faces deep economic decline, popular discontent, and war. The helicopter carrying President Raisi suffered a hard landing on Sunday while returning from Azerbaijan in poor weather conditions, Iranian state media reported on Monday. "That interim presidency ... [is] going to potentially pave the way for even more IRGC control over policies." "When it comes to the relationship with the U.S., and likely [with] Israel, nothing is really going to change there.
Persons: Islamic Republic of Iran Seyyed Ebrahim Raisi, Antonio Guterres, Lev Radin, Lightrocket, Ebrahim Raisi, Raisi, Hossein Amirabdollahian, Yemen's, Ayatollah Khamenei, Mohammed Mokhber, Nader Itayim, Itayim, Joe Biden Organizations: Islamic, Antonio Guterres UN, Iran's, Hamas, Hezbollah, Islamic Revolutionary Guard Corps, Iranian, Guardian Council, Argus Media, U.S, Palestinian Locations: Islamic Republic of Iran, Tehran, Azerbaijan, Lebanese, Iran, Mideast, Israel, U.S, Gaza
Inside a clothing store in Tehran, a television is set to a news channel reporting on the crash of the helicopter carrying the president of Iran. The crash of a helicopter carrying President Ebrahim Raisi of Iran could hardly have come at a more volatile time for the Islamic Republic. The crash also raises questions about who would become Iran’s supreme leader after Ayatollah Ali Khamenei, who is 85, Mr. Vaez said. Mr. Raisi has been seen as a possible successor. Mr. Vaez said that Mr. Raisi has been viewed as “predictable for the system — and that’s the reason he was chosen as president and was being groomed for the top job.”Farnaz Fassihi contributed reporting.
Persons: Ebrahim Raisi, Raisi —, Iran’s, , Ali Vaez, ” Mr, Vaez, Mahsa Amini, Ayatollah Ali Khamenei, Raisi, ” Farnaz Fassihi Organizations: Crisis Group, Parliamentary, Islamic, Israel Locations: Tehran, Iran, Islamic Republic, Israel, United States, , Kerman, Islamic State, Gaza, Lebanon, Damascus, Syria
A helicopter with Iranian President Ebrahim Raisi on board "crashed upon landing" on Sunday, state media reported, with weather conditions complicating rescue efforts. "President Raisi was returning from a ceremony to open a dam on Iran's border with Azerbaijan when his helicopter crashed upon landing in Varzaqan region," it said. Iran's foreign minister, Hossein Amir-Abdollahian, was also traveling in the helicopter, along with East Azerbaijan's governor, Malik Rahmati, and Raisi's security detail, it said. State TV IRIB said the helicopter belonged to the Iranian Red Crescent, which Iran's interior minister Ahmad Vahidi said was part of a convoy. Under Raisi, Iran now enriches uranium at nearly weapons-grade levels and hampers international inspections.
Persons: Ebrahim Raisi, IRNA, Raisi, Hossein Amir, Malik Rahmati, IRIB, Ahmad Vahidi, Ayatollah Ali Khamenei, Yemen's Organizations: United Nations General Assembly, East, East Azerbaijan province —, Iran's, Hamas, Hezbollah Locations: New York City, U.S, East Azerbaijan province, Tehran —, Azerbaijan, Varzaqan, Iran, Tehran, Iraq, Raisi, Russia, Ukraine, Israel, Gaza
Inside a clothing store in Tehran, a television is set to a news channel reporting on the crash of the helicopter carrying the president of Iran. The crash of a helicopter carrying President Ebrahim Raisi of Iran could hardly have come at a more volatile time for the Islamic Republic. The crash also raises questions about who would become Iran’s supreme leader after Ayatollah Ali Khamenei, who is 85, Mr. Vaez said. Mr. Raisi has been seen as a possible successor. Mr. Vaez said that Mr. Raisi has been viewed as “predictable for the system — and that’s the reason he was chosen as president and was being groomed for the top job.”Farnaz Fassihi contributed reporting.
Persons: Ebrahim Raisi, Raisi —, Iran’s, , Ali Vaez, ” Mr, Vaez, Mahsa Amini, Ayatollah Ali Khamenei, Raisi, ” Farnaz Fassihi Organizations: Crisis Group, Parliamentary, Islamic, Israel Locations: Tehran, Iran, Islamic Republic, Israel, United States, , Kerman, Islamic State, Gaza, Lebanon, Damascus, Syria
CNN: Do you think that Israel can defeat Hamas without conducting a ground invasion in Rafah? The fact is that Rafah’s where the hostages and remaining Hamas military power and leadership are believed to be, their rockets and weapons production and other capabilities, everything. CNN: Couldn’t Israel’s offensive still have the effect of creating more militants who are going to join Hamas and fight against Israel? But it’s also a very winnable war for Hamas at this point because wars are not determined just by military capability. The problem is that the international community pushed Israel into this framework of going slower, going methodically, evacuating every area beforehand.
Persons: CNN —, John Spencer, Spencer, John Spencer Spencer, He’s, ” Spencer, JACK GUEZ, they’ve, we’re, there’s, Couldn’t, David Petraeus, Petraeus, who’s, it’s, You’ve, Dawoud Abo, Israel, I’ve, Israel doesn’t, that’s, — we’re, they’re, would’ve Organizations: CNN, Israel Defense Forces, Hamas, Modern, Institute, IDF, United Nations Relief, Works Agency for Palestine Refugees, Getty, Israel, Nazi, Spencer, Shiva, Dawoud Abo Alkas, ISIS, UN, Gaza, Twitter, Facebook Locations: Israel, Gaza, Iraq, West, Rafah, Spencer, Israeli, Hamas, Gaza City, AFP, Iran, Palestine, Northern Gaza, Afghanistan, United States, Egypt, Sinai, Anadolu, Qaida, Mosul, Panama, Tokyo
The National Security Agency collected the intelligence that gave US officials insights into China and Iran’s capabilities in producing deepfakes, one of the sources said. At a briefing last week, FBI officials warned that AI increases the ability of foreign states to spread election disinformation. US officials have maintained a high level of visibility into the AI and deepfake advancements made by countries including China, Iran and Russia since the 2020 election. Nearly 70% of Republicans and Republican-leaners said that President Joe Biden’s 2020 election win was not legitimate, according to a CNN poll released in August. The 2024 US election will present new opportunities for foreign influence operations.
Persons: , , Lee Foster, Foster, ” Foster, leaners, Joe Biden’s, Donald Trump Organizations: CNN, National Security Agency, NSA, Intelligence, US, Labs, , Republican, Pew Research Center, FBI, Kyiv Locations: China, Iran, Russia, United States, Ukraine, Ukraine –
CNN —Acclaimed Iranian filmmaker Mohammad Rasoulof says he has fled his home country to an undisclosed location in Europe after a court in Iran sentenced him to prison on national security charges. In a separate statement dated May 12, Rasoulof said he had decided to escape Iran after his lawyers told him his prison sentence would be implemented on short notice. Rasoulof didn’t specify how he escaped Iran, saying only that he did it secretly with the help of friends and acquaintances. In 2022, an Iranian court sentenced Rasoulof to one year in prison and banned him from making films for two years on the charge of “propaganda against the system,” according to Human Rights Watch. Iranian authorities have previously arrested him multiple times and confiscated his passport because of his work, HRW said.
Persons: Mohammad Rasoulof, Rasoulof, , , Babak Paknia, Mahsa Amini, Mohammad, Jean, Christophe Simon, ” Rasoulof, HRW, Michael Rios Organizations: CNN, Cannes Film, Cannes, Human Rights Watch Locations: Europe, Iran, Abadan, France
If Donald Trump wins a second term in the White House in November, NATO may fall apart, a recent wargame found. "What Donald Trump can do is just really hollow out what NATO does," Grimble told Business Insider. The UK has traditionally backed a transatlantic, America-Europe alliance rather than a purely European defense bloc. Yet in the game, it could neither persuade Trump to ease his demands, nor the European NATO members to spend more on defense. "Many NATO members — except for France mainly — thought post-Trump it could be salvageable," Grimble said.
Persons: Donald Trump, Trump, Finley Grimble, Grimble, John Bolton, , SACEUR, Jens Stoltenberg, NICHOLAS KAMM, hadn't, I'm, Florian Gaertner, Russia doesn't, God's, Michael Peck Organizations: Service, House, NATO, EU, US, Business, US National Security, Allied, Europe, Washington, Nato, Getty, European Union, Joint Expeditionary Force, Northern, , European NATO, Trump, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Europe, Russia, NATO, Ukraine, China, American, United States, Finland, Romania, Poland, Baltic, France, Germany, French, America, Italy, Estonia, British, Turkey, Baltic States, Ukraine stalemated, Moscow, Russian, Kyiv . Europe, Beijing, Taiwan, Japan, Australia, South Korea, Iran, Saudi Arabia, European, Forbes
CNN —A court in Iran has sentenced acclaimed movie director Mohammad Rasoulof to eight years in prison and flogging for national security crimes, his lawyer said on Wednesday. The writer-director’s latest work, “The Seed of the Sacred Fig” is due to premiere at the Cannes Film Festival in France next week. According to Paknia, some also alleged they were asked by officials to tell Rasoulof to withdraw the film from the festival. “Once again, the judiciary’s verdict against Mohammad Rasoulof proved that the law is only a playground for stubbornness and revenge in the legal system contaminated by government jurisprudence,” it said. “Independent and freedom-loving cinematographers condemn the invalid judgment of the judiciary against Mohammad Rasoulof and stand by him and all the artists who make fun of government censorship.”
Persons: CNN —, Mohammad Rasoulof, Babak Paknia, Paknia, Rasoulof, , HRW, Organizations: CNN, Cannes, Cannes Film, Human Rights Watch, Association Locations: Iran, France, Cannes
CNN —US intelligence officials are watching closely to see if the United States’ support for Ukraine will lead the Russian government to take more risks in potentially interfering in the 2024 presidential election, a senior FBI official told reporters Thursday. “We’re certainly… keeping our eye out to make sure that that’s not increasing [their] risk taking.”The FBI briefed reporters on the condition that the senior FBI officials not be named. The FBI official’s comments on Thursday echo those made by a senior National Security Agency official in March. “Russia can use their access to those government networks to undermine confidence in the US election integrity and bolster influence operations,” the second FBI official said. The FBI officials also singled out China and Iran as other governments that could be willing to interfere in or influence the 2024 US election.
Persons: Joe, “ We’re, , Donald Trump, Vladimir Putin, denigrate Biden, Trump, weren’t, Hillary Clinton’s, , ” Rob Joyce, Joyce, ” CNN’s Marshall Cohen Organizations: CNN, FBI, Ukraine, GOP, National Security Agency Locations: United States, Ukraine, Russian, Ukraine –, Kyiv, Russia, China, Iran
Opinion | Iran and Israel Weren’t Always Enemies
  + stars: | 2024-05-08 | by ( Karim Sadjadpour | ) www.nytimes.com   time to read: +1 min
“History is littered,” the British writer and politician Enoch Powell said, “with the wars which everybody knew would never happen.”A full-blown conflict between the Islamic Republic of Iran and Israel once seemed implausible. Iran and Israel are not natural adversaries. In contrast to other modern conflicts — between Israel and Palestine, Russia and Ukraine, China and Taiwan — Iran and Israel have no bilateral land or resource disputes. Their national strengths — Iran is an energy titan and Israel is a tech innovator — are more complementary than competitive. Iran was the second Muslim nation, after Turkey, to recognize Israel after its founding in 1948.
Persons: Enoch Powell, specter, King Cyrus the Great Locations: Islamic Republic of Iran, Israel, United States, Iran, Palestine, Russia, Ukraine, China, Taiwan, Turkey
The incident in the city of Isfahan may force Tehran to upgrade its air defenses, possibly from more advanced Russian systems, to defend itself from the possibility of larger Israeli missile attacks. While Iranian air defenses failed to stop Israel's strike they have hugely improved in recent years. AdvertisementThe S-300PMU-2 is the most advanced air defense system Iran has acquired from Russia. "In practice, this could go either way, depending on the amount of Israeli missiles that would be hypothetically launched and from where." AdvertisementKhoueiry anticipates that early detection by Iranian air defenses could give these Iranian-made systems "more chances" against Israeli missiles.
Persons: , Israel, Arash Azizi, Azizi, Freddy Khoueiry, RANE, Khoueiry, Jalaa Marey, Clemson University's Azizi, It's, it's Organizations: Service, Israeli, Economist, Business, Clemson University, Iran's, Rampage, Clemson, Moscow, Russian Locations: Iran, Russian, Isfahan, Tehran, Russia, Israel, Britain, East, North Africa, Iraq, Afghanistan, Israeli, Lebanon, it's, Ukraine, Moscow
President Biden’s behind-the-scenes crisis management appears to have helped stop a wider war from igniting in the Middle East — for now. But that tactical win for the administration is actually part of its much larger strategic failure in the region. Prime Minister Benjamin Netanyahu didn’t heed the order, but Israel’s response was so muted that Tehran effectively ignored it. Mr. Netanyahu’s minister of national security called it “lame.”Mr. Biden deserves credit for orchestrating this crucial de-escalation. Instead, he has followed Mr. Netanyahu’s lead, even as Israel has put vengeance over interest.
Persons: Biden’s, Biden, Israel, Mr, Benjamin Netanyahu didn’t, Netanyahu’s Organizations: Iranian Consulate Locations: Israel, Iran, Iranian, Syria, Tehran’s, Tehran
Their friendship was tested in 2017 when then President Trump supported a blockade of Qatar led by Saudi Arabia and the United Arab Emirates. Before the Oct. 7 attack, the Saudis were in serious talks, led by the United States, to recognize Israel. 8 of 12 Israel has a major incentive to strengthen relations with Saudi Arabia. Saudi Arabia, for its part, would benefit from direct access to the Israeli military and technology sector. In March 2023, China brokered a breakthrough, re-establishing ties between two of the region’s heavyweights, Iran and Saudi Arabia.
Persons: Benjamin Netanyahu, brandished, Jake Sullivan, , frenemies, Israel, Netanyahu’s, Trump, Biden, Saudi Crown Prince Mohammed bin, Prince Mohammed, Bashar al, Assad, Saddam Hussein, Jordan —, hesitantly, Abraham Organizations: of Friends, General Assembly, U.S, America, Hamas, United, United Arab Emirates, Saudi Crown, Arab League, Saudi Arabia, Red Sea, Iranian, Abraham Accords, United Arab, Palestine Liberation Organization, West Bank, Palestinian Authority, The, Trump, Biden, Israel Defense Forces, United Nations, New York, Facebook Locations: India, Persian, Israel, Europe, Iran, United States, U.S, East, China, Russia, Ukraine, Syria, Yemen, Turkey Syria Lebanon Afghanistan Israel Iraq Iran Pakistan Egypt India Qatar Saudi Arabia Sudan Oman, Israel Yemen Turkey Syria Lebanon Afghanistan Israel Iraq Iran Pakistan Egypt India Qatar Saudi Arabia Arabian, Sudan, Sea Oman, Israel Yemen Ethiopia Turkey Syria Lebanon Afghanistan Israel Iraq Iran Pakistan Egypt India Qatar Saudi Arabia Arabian, Sudan Oman, Israel Yemen Ethiopia, Gaza, Qatar, Saudi Arabia, United Arab, Saudi, Tehran, Iraq, Assad, Lebanon, Lebanese, Egypt, Jordan, Bahrain, United Arab Emirates, Morocco, Fatah, Israeli, Turkey, America
An Israeli airstrike on Iran on Friday damaged an air defense system, according to Western and Iranian officials, in an attack calculated to deliver a message that Israel could bypass Iran’s defensive systems undetected and paralyze them. The strike damaged a defensive battery near Natanz, a city in central Iran that is critical to the country’s nuclear weapons program, according to two Western officials and two Iranian officials. The attack — and the revelation on Saturday of its target — was in retaliation for Iran’s strike in Israel last week after Israel bombed its embassy compound in Damascus. But it used a fraction of the firepower Tehran deployed in launching hundreds of drones and missiles at Israel. But the relatively limited scope of Israel’s strike and the muted response from Iranian officials seem to have eased tensions.
Organizations: Israel Locations: Iran, Israel, Damascus, Tehran, Syria
CNN —Israel and Iran have now thrust the Middle East into a dangerous new era by erasing the taboo against overt military strikes on one another’s territory. Most immediately, the ball is in Iran’s court after Israel conducted strikes near the city of Isfahan early Friday. Initial reports suggest that the action was limited and, according to US officials, did not target Iranian nuclear sites in the area. Hours before the Israeli strikes, for instance, Iran had warned that any Israeli attack would be met with a robust response. “I do think it sends a message to Tehran that really they are more vulnerable to Israeli strikes than they would like to admit,” Davis said.
Persons: CNN —, Israel, Hossein Amir, Abdollahian, John Kennedy, Netanyahu, Biden, Benjamin Netanyahu, Joe Biden’s, it’s, Antony Blinken, Donald Trump, ” Aaron David Miller, ” Israel, they’d, Malcolm Davis, CNN’s Michael Holmes, ” Davis, Israel – Organizations: CNN, Islamic Revolutionary Guard Corps, Iran’s, Cuban, Israel, American, Hamas, Republicans, Democratic, US, Australian Strategic Policy Institute Locations: CNN — Israel, Iran, Isfahan, Israel, Syria, Iraq, Damascus, Gaza, United States, Washington, Italy, Lebanon, Tehran
Iran may be downplaying what was likely to have been a significant but limited Israeli attack, but that seems to be secondary to the larger forces at play. The latest flare-up brought the stakes into sharp focus, but it also exposed the limits of a direct confrontation between Iran and Israel. As part of Iran’s retaliatory attack on Israel, its weapons navigated over at least two neighboring countries that house US bases. What happens between Iran and Israel rarely stays between Iran and Israel. US forces had shot down more than 70 of Iran’s weapons as they headed to Israel.
Persons: Iran’s, CNN’s Nic Robertson, Israel, , Ebrahim Raisi’s, Israel’s, Itamar Ben Gvir, Organizations: Lebanon CNN, Iran’s, Anadolu, Washington, United, United Arab Emirates, National Locations: Beirut, Lebanon, Iran, Tehran, Israel, Damascus, Syria, Iranian, Lebanon’s, Isfahan, Saudi Arabia, United Arab, Riyadh, China, Israel’s, Gaza, Iraq, Yemen
Hong Kong CNN —Oil prices jumped on Friday while Asian markets tumbled, with global investors worrying about an escalation in conflict in the Middle East after explosions were reported near the Iranian city of Isfahan. Iran launched the attack in retaliation for a suspected Israeli strike on its embassy compound in Syria earlier this month. “Israel’s response could determine whether oil supplies are ultimately under threat.”Elsewhere, ongoing oil disruptions remain high, the analysts added. In Hong Kong, PetroChina, Asia’s largest oil and gas supplier, advanced 2.3%. Sinopec, the world’s largest oil refining company by capacity, rose 1.3%.
Persons: Brent, Benjamin Netanyahu, Israel, , , Korea’s Kospi, Cosmo Energy Organizations: Hong Kong CNN, CNN, ANZ, United, Stock, Nikkei, China’s, Energy, Eneos Corp, Oil Corp Locations: Hong Kong, Iranian, Isfahan, Israel, Iran, Syria, United States, Mexico, Asia, China’s Shanghai, Tokyo, Seoul
Investors had hoped that corporate earnings would help revive the stalled rally, but a strong start to the season hasn’t been enough to excite investors. The 30-year fixed-rate mortgage averaged 7.10% in the week ending April 18, up from 6.88% the previous week, according to Freddie Mac data released Thursday. Mortgage rates are climbing based on expectations that the Federal Reserve won’t cut interest rates anytime soon. The Fed doesn’t directly set mortgage rates, but its actions do influence them, and persistently hot inflation readings are keeping the Fed on hold. If inflation stalls any further, or even worsens, mortgage rates could climb higher this year.
Persons: , hasn’t, Jerome Powell, , , Michael Landsberg, Pierre, Olivier Gourinchas, Israel, Brent, Bryan Mena, Freddie Mac, Sam Khater, Freddie Mac’s, Read, Anna Cooban, Tim Cook, Pham Minh Chinh, Cook, Apple “ Organizations: CNN Business, Bell, New York CNN, Dow Jones, Nasdaq, Federal Reserve, Data, Employers, Fed, Landsberg Bennett, Wealth Management, Monetary Fund, Treasury, Investors, CNN, Federal, China Apple, Vietnamese, Apple Locations: New York, East, Iran, Israel, Syria, Vietnam, China, Hanoi, Beijing
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