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☆ Opinion: 5 critical takeaways from Iran’s attack on Israel
▼ + stars: | 2024-04-16 | by ( Opinion Frida Ghitis | ) edition.cnn.com time to read: +9 min

Miraculously, by a feat of military technology bolstered by coordination with friends and allies, Israel was able to repel the massive attack. The Quds Force commanders have been working with Iran-allied Hezbollah, which has been shelling Israel since Oct. 7, when Hamas launched an attack from Gaza. What if Iran’s missiles and drones had carried nuclear material? In addition, the US was able to work out of its bases in Qatar and northern Iraq to counter Iran’s attack. The Iranian attack has revealed that Israel does have friends, including some in very important places: across the Middle East.

Persons: Frida Ghitis, Israel, Frida Ghitis Tanya Malott, Jerusalem —, Jesus, Israel unlivable, Israel —, Benjamin Netanyahu, —, General Antonio Guterres “, ”, Jordan, ” Saudi Arabia — Iran’s, Benny Gantz, ” Biden, “, Bezalel Smotrich, Itamar Ben Gvir, John Bolton Organizations: CNN, Washington Post, Politics, Islamic Revolutionary Guard Corps, Israel, Quds Force, Hamas, Ukraine, Street Journal, United Arab, Finance, National Security Locations: Israel, Jerusalem, al, Aqsa, Iran, Arab Israeli, Damascus, Gaza, Beirut, Buenos Aires, Jordan, Iraq, North Korea, Israeli, Palestinian, Lebanon, Yemen, Syria, Russia, Argentina, Japan, United States, France, ” Saudi Arabia, United Arab Emirates, Qatar, Republic

☆ The US Navy has fired off nearly $1 billion in weapons fighting threats from Iran and the Houthis
▼ + stars: | 2024-04-16 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

US naval forces in the Middle East have been involved in shooting down malign threats for months. The cost of munition expenditure during this time is approaching $1 billion, the Navy secretary said. AdvertisementThe US Navy has fired nearly $1 billion in missiles to counter threats from Iran and its proxy forces over the past six months, the sea service's top civilian official revealed on Tuesday. USS Dwight D. Eisenhower conducts flight operations in response to the Houthis in the Red Sea. The Pentagon's Red Sea operations, however, have raised questions about sustainability, as the Houthis show no sign of letting up their attacks.

Persons: —, Navy Carlos Del Toro, Arleigh Burke, Aaron Lau Del Toro, Biden, Dwight D, Eisenhower, Kaitlin Watt Del Toro, Israel Organizations: Service, US Navy, US, Navy, Defense, Carney, Senate, House Republicans, Congress Locations: Iran, Yemen, Israel, Suez, Ukraine, Red, Gulf of Aden

☆ Oil prices fall for second day as U.S. expects limited Israel response to Iran attack
▼ + stars: | 2024-04-16 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Iran on April 14 urged Israel not to retaliate militarily to an unprecedented attack overnight, which Tehran presented as a justified response to a deadly strike on its consulate building in Damascus. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)Crude oil futures fell for a second day Tuesday as the U.S. expects a limited response from Israel to an unprecedented air assault by Iran, reducing fears that the Middle East is on the verge of a broader regional war. Four U.S. officials told NBC News they expect an Israeli response to Iran's attack to be limited in scope and most likely to involve strikes on Iranian forces and their proxies outside Iran. Israel's War Cabinet met for several hours Monday to weigh how Israel should response. An Israeli official told NBC News after the meeting that a response may be "imminent."

Persons: ATTA KENARE, Brent, Jorge Leon Organizations: Getty, West Texas Intermediate, U.S, NBC News, Rystad Energy Locations: Persian, Israel, Tehran, Iran, Damascus, AFP

☆ 'Iran is in for the long haul' with oil tanker hijacks, expert says, as U.S. considers more sanctions
▼ + stars: | 2024-04-16 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Before this weekend's tanker seizure, the last vessel Iran hijacked was the St. Nikolas on January 1. A Planet Labs satellite image of the location of the MSC Aries and other tankers recently hijacked by Iran. Planet Labs PBCAs the U.S. considers more sanctions against Iran in response to its recent attack on Israel, Iran has been using the hijacked ships as a means of sanctions retaliation. Iran chose to do this as a way to compensate for sanctions," Madani said. In a note to clients, ClearView highlighted that the House of Representatives added several Iran sanctions bills to its calendar for consideration this week, under suspension rules, including new sanctions on Iranian oil exports to China.

Persons: Nikolas, Houthis, Samir Madani, Eyal Ofer's, Madani, Janet Yellen, Helima Croft, Andy Lipow, Brent, Lipow, Kevin Book, Book Organizations: Anadolu, Getty, MSC Aries, U.S . Naval Forces Central Command, Galaxy Leader, MSC, Planet Labs, U.S . Energy Information Agency, United Arab, JPMorgan, CNBC, Lipow Oil Associates, ClearView Energy Partners, US, UN Locations: Gulf of Oman, Hormuz, Anadolu, Iran, Israel, Gaza, U.S, Iranian, Khuran, China, Russia, Malaysia, United Arab Emirates, Oman, Strait, Tehran, East, North Africa, India, Saudi Arabia, Kuwait, Iraq, France, Germany

☆ Flights are still being disrupted and rerouted after Iran's attack on Israel. Here's what you need to know
▼ + stars: | 2024-04-16 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

British low-cost carrier easyJet on Tuesday said it was extending its suspension of Israel flights for the remainder of the summer season, until Oct. 27, and would refund customers due to fly. Rival Wizz Air resumed flights to Tel Aviv on Tuesday but said passengers may experience "schedule changes" and that it was monitoring the situation. Dutch airline KLM canceled flights to Israel until Apr. Air India said it had temporarily suspended flights to and from Tel Aviv and its Tuesday service was listed as canceled. Germany's Lufthansa Group said it had resumed flights to Tel Aviv, Amman and Erbil on Tuesday, but had canceled flights to Tehran and Beirut up until Thursday.

Organizations: Sunday, Wizz Air, KLM, Air, Germany's Lufthansa Group Locations: Ben Gurion, Iran, Tel Aviv, Israel, British, Air India, Amman, Erbil, Tehran, Beirut

☆ China's inaction on Iran has 'undermined' its influence in the Middle East, analyst says
▼ + stars: | 2024-04-16 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

China's restrained silence on the Middle East conflict is tipping the scales of regional influence back in the U.S.' favor, according to one analyst. "[Beijing's] role has been less pronounced than many expected, and actually I think it's undermined the sense of growing Chinese influence and confidence in the region," Julien Barnes-Dacey, director of the Middle East & North Africa program at the European Council on Foreign Relations, said on CNBC's "Street Signs" Tuesday. Last week, world leaders entreated China to use its considerable influence as a key trade partner to sway Tehran away from a direct attack against Israel, after an Israeli strike killed several top Iranian commanders in Damascus. Roughly 99% of these projectiles were eliminated by Israel, with help from the U.S., the U.K., France and Jordan. Since then, the specter of Israeli retaliation and a broader conflict in the Middle East has loomed large, with Washington stressing its commitment to Israeli defense and world leaders urging calm.

Persons: Julien Barnes, Dacey, Israel — Organizations: European Council, Foreign Relations, Israel Locations: U.S, Africa, China, Tehran, Israel, Damascus, Iran, Strait, Hormuz, France, Jordan, Washington

☆ US Navy warships shot down Iranian missiles with a weapon they've never used in combat before
▼ + stars: | 2024-04-16 | by ( Jake Epstein | ) www.businessinsider.com time to read: +4 min

US Navy warships fired SM-3s to intercept Iranian ballistic missiles last weekend. AdvertisementUS Navy warships used a missile interceptor for the first time in combat over the weekend as they defended Israel from an unprecedented Iranian attack. AdvertisementA developmental Standard Missile-3, designed to intercept short to medium-ranged ballistic missile threats, is launched from the Pearl Harbor-based Aegis cruiser USS Lake Erie. There are multiple SM-3 variants, which can be fired from a Navy warship's vertical launching system, and the Block I interceptors were first fielded nearly 20 years ago. US Central Command said American forces, specifically, destroyed more than 80 drones and at least six ballistic missiles.

Persons: Navy Carlos Del Toro, —, Del Toro, Arleigh Burke, Carney, Del Toro's, Thomas Hudner, Kerri Kline, CENTCOM, Iran's Organizations: Navy, Service, Aegis, Getty, Combat, for Strategic, International Studies, Missile Defense, US Navy, Mass Communications, Central Command, American Locations: Israel, American, Tehran, Iran, Lake Erie, East

☆ Israel's war cabinet is locked between restraint and revenge
▼ + stars: | 2024-04-16 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

A Monday meeting of Israel's five-person war cabinet, headed by Prime Minister Benjamin Netanyahu, concluded without comment on whether the Jewish state will honor its pledge to "exact a price" from Tehran or concede to calls for a measured response from international leaders. The prolonged deliberation came after the Israeli military said that Iran on Saturday fired more than 300 drones and missiles at its soil. It claimed that it and international allies eliminated 99% of these attacks as part of its now-dubbed "Iron Shield" operation. The Israeli war cabinet is set to meet again on Tuesday, according to Reuters. Concerns are mounting that the conflict — rooted in the Oct. 7 terror attack undertaken by Palestinian militant group Hamas and Israel's retaliatory war campaign in the Gaza Strip — will seep into the broader Middle East region.

Persons: Benjamin Netanyahu, Jordan, —, Bashar Assad's Organizations: Saturday, Reuters, CNBC, Washington, NBC, Palestinian, Hamas, Yemeni Locations: Israel, Iran, Tehran, U.S, France, Iranian, Damascus, Syria, Gaza

☆ Analysis: Can Netanyahu avoid triggering a regional war?
▼ + stars: | 2024-04-16 | by ( Nic Robertson | ) edition.cnn.com time to read: +6 min

In a paradigm shift after decades of shadow proxy war, Tehran is usurping Israel’s strategy. “We have decided to create a new equation,” Iran’s Islamic Revolutionary Guard Corps (IRGC) Commander Hossein Salami said. When faced with existential threats in the past, Israel has executed the most audacious raids the region has ever witnessed. The damage that can be inflicted on Iran is huge, is huge.”So the most important question right now must be, can Netanyahu read the room right – with Iran threatening to attack, allies warning him not to – and avoid triggering a regional war. Iran, he implied, won’t attack Israel as long as it fears America’s reaction.

Persons: CNN —, Joe Biden’s, Ebrahim Raisi’s, ” Israel, Hossein, “, Bashar al, Israel, Benjamin Netanyahu, Yoav Gallant, Benny Ganz –, David Barnea, Staff Herzi Halevi, Netanyahu, Bezalel Smotrich, of National Security Itamar Ben, Gvir, Ganz, Gallant, – Ganz, ” Netanyahu, ” Netanyahu’s, Saleh Al, Amos Yadlin, Yadlin, ” Yadlin, Bashar, Iran’s, Mohammad Reza Zahedi, Biden Organizations: CNN, Islamic Revolutionary Guard Corps, –, Staff, of National Security, IDF’s Military Intelligence, UN Security Locations: CNN — Israel, Israel, Iran, Tehran, Osirak, Syria, Tel Aviv, Gaza, Lebanese, Beirut, Lebanon, Damascus, America

☆ Opinion | How to Be Pro-Palestinian, Pro-Israeli and Pro-Iranian
▼ + stars: | 2024-04-16 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +1 min

Iran’s missile and drone attack on Israel over the weekend was a game-changing escalation that requires some game-changing rethinking on the part of Israel and its most important ally, the United States. I call it “the three-state solution.”It begins with the recognition that there is probably zero hope for any resolution of the Israeli-Palestinian conflict or the Israel-Iran conflict without leadership change in Tehran, Jerusalem and Ramallah. “This region won’t see any meaningful peace or stability so long as this current government is in power in Tehran,” explained Karim Sadjadpour, an Iran expert at the Carnegie Endowment for International Peace. To paraphrase Shimon Peres about prospects for change in Iran, the good news is there is light at the end of that tunnel. The bad news is that today there is no tunnel.”

Persons: ”, Karim Sadjadpour, Shimon Peres Organizations: Carnegie Endowment, International Locations: Israel, United States, Iran, Tehran, Jerusalem, Ramallah, Islamic Republic of Iran, Lebanese, Yemenis

☆ Live updates: Israel intercepts Iran drone attacks and weighs response, Gaza crisis continues
▼ + stars: | 2024-04-15 | by ( Kathleen Magramo | ) edition.cnn.com time to read: 1 min

Airports in the Iranian capital of Tehran have resumed flights at 6:00 a.m. local time on Monday, according to Iran's state-aligned Tasnim news agency. On Sunday both of Tehran's airports, Imam Khomeini Airport and Mehrabad Airport, suspended flights after Iran's attack on Israel stoked regional tensions. Travel disrupted: On Saturday, at least three United Airlines flights headed to or departing from the Middle East were canceled as the conflict unfolded. Dutch carrier KLM has said it would stop flying over Iran and Israel "as a precaution" but continue to fly to and from Tel Aviv. Austrian Airlines and Lufthansa — currently the only two Western carriers that operate international flights to Iran — have announced a suspension of flights to and from Tehran through April 18.

Persons: Khomeini, Iran — Organizations: Mehrabad, United Airlines, Dutch, KLM, Tel Aviv . Austrian Airlines, Lufthansa — Locations: Tehran, Israel, Iran, Tel Aviv

☆ 'We have woken up to a new paradigm in the Middle East' following Iran-Israel escalation, analyst says
▼ + stars: | 2024-04-15 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +1 min

Iran on April 14 urged Israel not to retaliate militarily to an unprecedented attack overnight, which Tehran presented as a justified response to a deadly strike on its consulate building in Damascus. (Photo by ATTA KENARE / AFP) (Photo by ATTA KENARE/AFP via Getty Images)Iran's weekend attack on Israel marks a "new paradigm" in the Middle East conflict, which risks escalating into a wider regional war, Chatham House's Middle East director said Monday. "The Israeli leadership will have a hard time not responding. Iran launched more than 300 drones and missiles against military targets inside Israel on Saturday in response to a suspected Israeli strike that killed top Iranian officials in Syria. The attack, though well telegraphed in advance, has presented some opportunity for Israel to rehabilitate its image following its months-long onslaught in Gaza, which many perceive as disproportionate to Hamas' Oct. 7 terror attacks.

Persons: ATTA KENARE, Sanam Vakil, thinktank, it's, Vakil, CNBC's Organizations: Getty, Chatham House's Locations: Persian, Israel, Tehran, Iran, Damascus, AFP, London, Syria, Gaza

Until Iran’s barrage of missiles and drones against Israel, the two countries had avoided open military intrusions into each other’s territory. Tehran most often acted through proxies, and Jerusalem via bombing runs and unacknowledged assassinations in the region. Iran’s unprecedented attack this weekend, which failed to kill a single Israeli, has perhaps now opened the clerical regime to a major reprisal. And the best way for Washington to limit the expansion of this conflict is to signal clearly its intention to support an Israeli counterattack. Iran’s internal situation, its memory about past U.S. military action and a conspiratorial worldview all support this strategy.

Persons: Jerusalem, Ali Khamenei Locations: Tehran, Jerusalem, United States, Israel, Washington, Israeli, America

☆ Here’s how the Israel-Iran conflict affects the oil market
▼ + stars: | 2024-04-15 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

Oil prices spiked Friday to levels not seen since October in anticipation of just such an escalation but on Monday were subdued. “It is the most significant chokepoint in the global oil market,” Richard Bronze, co-founder and analyst at data firm Energy Aspects, told CNN. A renewed crackdown would, however, “create upward pressure on global prices” at an inopportune moment, Tagliapietra said. A tight oil marketDespite Iran’s barrage of drones and missiles, the conflict had a relatively muted impact on the global oil market Monday. Oil prices have already risen sharply since hitting a low in early February.

Persons: London CNN —, Brent, Israel —, Simone Tagliapietra, ” Richard Bronze, Tagliapietra, Joe Biden’s, WTI, Russia — Organizations: London CNN, West Texas Intermediate, CNN, International Energy Agency, Hamas, Organization of, Petroleum, United Arab Emirates, Traders Locations: Israel, Iran, Syria, Paris, Gaza, Tehran, Hormuz ‘, Hormuz, Brussels, China, Strait, Saudi Arabia, Kuwait, United States, Ukraine, Washington, Damascus, OPEC, Russia, Brazil, Guyana, Canada

☆ Opinion: Biden needs to bring US troops back from Iraq, now
▼ + stars: | 2024-04-15 | by ( Opinion Daniel R. Depetris | ) edition.cnn.com time to read: +8 min

CNN —The subject of finally concluding America’s counter-ISIS mission in Iraq has been the plot of ongoing deliberations between Washington and Baghdad for the last three years. If the Biden administration’s approach is to wait for the perfect time to get out, then it will wait for eternity. It’s worth remembering why the United States sent troops to Iraq in the first place. The mission — eliminating ISIS’ territorial caliphate — was achieved. US troops should be pulled out of Iraq and Syria now.

Persons: Daniel R, Monday’s, Joe Biden, Mohammed Shia, DePetris, Sudani, ”, Biden, Nouri al, Barack Obama, “, —, Trump, Bashar Al, Assad, Saddam Hussein, territorially, Benjamin Netanyahu’s, Israel, Iran’s Organizations: Defense, Chicago Tribune, The New York Times, Politico, Street, Guardian, CNN, Iraqi, ISIS, “, Islamic State, Maliki, US, US Air Force, State Department, “ ISIS, Twitter Locations: The, Iraq, Washington, Baghdad, Israel, United States, Syria, Iraqi, Mosul, Syrian, Baghouz, Iran, Iranian, Turkey, Russia, Afghanistan, Moscow, Israeli, Tehran

☆ World leaders call for restraint in the aftermath of Iran’s unprecedented air attack against Israel
▼ + stars: | 2024-04-15 | by ( Sam Meredith | In Samuelmeredith | ) www.cnbc.com time to read: +7 min

Anadolu | Anadolu | Getty ImagesWorld leaders have called for calm in the aftermath of Iran's large-scale air attacks on Israel on Saturday, with many expressing deep concern over the prospect of a broader regional conflict. Ahead of a war cabinet meeting on Monday, Israel has pledged to "exact a price" from Iran in response to the Saturday attack. watch nowU.S. President Joe Biden on Saturday said that he condemned "in the strongest possible terms" Iran's unprecedented air attack against military facilities in Israel. 'No one wants to see more bloodshed'European leaders castigated Iran's attack against Israel and vowed to work to de-escalate the situation. France and the U.K. intercepted some of Iran's strikes on Israel on Saturday.

Persons: Israel, Joe Biden, Biden, Benjamin Netanyahu, Iran's, Emmanuel Macron, Rishi Sunak, Annalena Baerbock, Baerbock, Sunak, Yoko Kamikawa, Kamikawa, Gustavo Petro, Petro, Nicolas Maduro Organizations: Anadolu, Getty, CNBC, NBC News, Downing, German, NBC, Israel, Saudi Arabia's Foreign, United Nations Security Council, Sunday, UN, UNRWA, Kyodo, Japan's, United Nations, Colombia's, Bloomberg Locations: Israel, Tehran, Iran, Syria, Gaza, Syrian, Damascus, France, London, England, Germany, East, North Africa, Saudi, Egypt, Asia, China, Beijing, Palestine, Tokyo, Japan, South America, U.S, Miraflores, Caracas, Venezuela

☆ Rising oil is still the big market risk despite today's pullback, analysts say
▼ + stars: | 2024-04-15 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Markets kept their cool on Monday amid a fast-moving and volatile geopolitical landscape in the Middle East — but the longer-term risk premium has likely risen, while oil prices remain on edge, analysts said. Iran said it was acting in self-defense in response to a strike on its diplomatic compound in Damascus, Syria, earlier this month. By Monday, global players including the U.S. and European leaders were seeking to cool tensions, urging Israel to show restraint in its response. Sinha nevertheless added that "the fact that we moved from a proxy confrontation to a direct confrontation, even though that de-escalates in the near term, the longer term risk premium probably goes up." "I think the FX market ultimately will take its cue from oil prices because ultimately, that's the channel through which it spills over to the FX market," he said.

Persons: Adarsh Sinha, CNBC's, Sinha Organizations: U.S . Energy Information Administration, U.S, Asia FX, Bank of America, Iranian, FX Locations: Iran, Israel, Damascus, Syria, Strait, Hormuz, Tehran, Asia, U.S

☆ Ex-CIA director says Israel could use 'covert' operations to retaliate against Iran's drone strikes without escalating the conflict
▼ + stars: | 2024-04-15 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Read previewA former CIA director says Israel could take a covert, rather than an overt, response against the Iranian drone strikes that took place on Saturday. They can pursue asymmetric attacks, cyberspace, and so forth," former CIA director and retired general David Petraeus told CNN on Sunday. The airstrike had reportedly killed several top Iranian military commanders. AdvertisementAnd that, Petraeus told CNN on Sunday, isn't something that Iran wants to see. Representatives for Petraeus did not immediately respond to a request for comment from Business Insider sent outside regular business hours.

Persons: —, Israel, David Petraeus, Petraeus, BI's Rebecca Rommen, Mossad's, Brent Crude Organizations: Service, CIA, CNN, Business, United Nations, UN, NY, Atlantic Council, New York Times, Business Insider Locations: Washington, Iran, Israel, Jordanian, Iranian, Syria, Islamic Republic of Iran, Damascus, Tehran, Iraq's Kurdistan

☆ Arab states unexpectedly helped Israel fight off Iran's attack
▼ + stars: | 2024-04-15 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Jordan shot down an Iranian missile, and other Arab states may've provided intel. In March, Saudi Arabia and Iran restored ties with the help of China, agreeing to reopen embassies in their respective capitals. AdvertisementHowever, according to reports, Saudi Arabia and other Arab states are willing to continue discussions with Israel once fighting in Gaza has abated. There is a risk for Arab states though in being seen to come to Israel's aid, Giorgio Cafiero, CEO of Gulf State Analytics, told Business Insider. AdvertisementAs the conflict between Israel and Iran intensifies, Arab states face a tough choice between their security priorities and addressing public anger over Gaza.

Persons: Israel, Jordan, may've, —, Samih, Marj Al, Yasmine Farouk, Farouk, Abraham, Trump, Israel's, Giorgio Cafiero Organizations: intel, Service, Deutsche Welle, St, Anadolu, Getty, Israel, Carnegie Endowment, International Peace, New York Times, Abraham Accords, Analytics Locations: Iranian, Israel, Iran, Damascus, Jordan, Gaza, Jordanian, Saudi Arabia, UAE, Gulf, Marj, Amman , Jordan, China, Bahrain, Amman

☆ Wall Street still isn't fretting about geopolitics, even after Iran attacked Israel
▼ + stars: | 2024-04-15 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe market served up another reminder of its indifference to geopolitics on Monday, as traders seemingly shrugged off the potential impact of Iran's strikes on Israel. Signs that the conflict between the two countries won't escalate any further have calmed the market's nerves, XTB research director Kathleen Brooks said on Monday. "The dollar opened the week fairly muted and US bond yields are slightly higher, suggesting that there was no flight to safe havens." Anyone who's been following markets for the past two years won't be surprised at traders' muted reaction to the latest tensions in the Middle East.

Persons: —, pare, Kathleen Brooks, Joe Biden, Brooks, who's, Jamie Dimon, Ray Dalio, Neal Shearing, Shearing, isn't Vladimir Putin, Xi Jinping, Ali Khamenei —, Jerome Powell Organizations: Service, Brent, West Texas, Business, JPMorgan, Bridgewater, Capital Economics, Federal Reserve, Fed Locations: Israel, Iran, Tehran, OPEC

☆ Iran practiced blowing up an Israeli F-35 base with ballistic missiles just weeks before attacking the real thing
▼ + stars: | 2024-04-15 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Read previewJust weeks before Iran launched an unprecedented attack on Israel, it practiced blowing up an Israeli airbase housing F-35 fighter jets with ballistic missiles. Iran and its proxy militias attacked Israel on Saturday with more than 300 one-way attack drones, cruise missiles, and ballistic missiles. Iran made no secret of its intention to attack an Israeli F-35 base prior to Saturday's barrage. It claimed that the IRGC "successfully" hit the mock targets with "Emad" and "Qadr" ballistic missiles that had modified structures and improved warheads. Both missiles are variants of Iran's Shahab-3 medium-range ballistic missile, according to the Center for Strategic and International Studies think tank.

Persons: —, Daniel Hagari, Benjamin Netanyahu, Morteza Nikoubazl, Shahab, Coningham Organizations: Service, Business, Israel Defense Forces, Israeli, Force, Nevatim Airbase, AF, Islamic Revolutionary Guard Corps, Tasnim News Agency, Quds, Getty Images, Center for Strategic, International Studies, Royal United Services Institute, Israeli Air Force Locations: Iran, Israel, Nevatim, Israeli, Palmachim, Tel Aviv, Tehran, Jerusalem, Iranian, Syria

☆ Three ways investors can minimize their tax payments
▼ + stars: | 2024-04-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

It’s particularly difficult for investors, he said, who have to report their earnings and losses from the market to the IRS. As an alternative, Harris, who currently heads financial services firm Evergreen Money and recently authored a book about reducing tax burdens, shared his three biggest tax tips for investors with Before the Bell. So for tax purposes, selling securities that have lost value can offset the taxes due on gains from successful investments. If your losses exceed your gains, you can carry the net loss (total losses minus total gains) into the next tax year, potentially reducing future tax burdens. If you have three children and two parents, that’s $108,000 in tax free money a year, Harris said.

Persons: They’ll, ”, Bill Harris, It’s, Harris, “, Roth, hasn’t, “ you’re, Laura, Anna Cooban, Brent, Germany’s DAX, Read, Tempore Mike McGuire Organizations: New, New York CNN, National Taxpayers Union Foundation, Paypal, CNN, Evergreen Money, Bell, Investments, Brent, Traders, CAC, FTSE, Nikkei, International Energy Agency, ANZ, Google, California Journalism, Meta, California, Pro, Tempore, ” Locations: New York, United States, Israel, Iran, Tehran, Syria, Shanghai, Paris, California, America

☆ Wall Street's scenarios for the Israel-Iran conflict from here and its impact on the oil market
▼ + stars: | 2024-04-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +5 min

The oil market has brushed off Iran's weekend air assault against Israel, with futures trading as much as 1.5% lower on Monday. Oil prices could spike above $100 a barrel depending on how Israel responds to the attack, the analyst wrote. Attack 'well-telegraphed' Iran's attack, though unprecedented, did little actual damage as Israel and the U.S. intercepted nearly all the drones and missiles. The Islamic Republic warned, however, it would strike harder next time if Israel responds to the weekend attack. Potential threats include Iran seizing ships associated with Israel in the Strait of Hormuz; Israel attacking Iranian oil and gas assets; or Iran striking energy assets of its neighbors if Israel hits too hard.

Persons: Israel, Maximilian Layton, Layton, Brent, Helima Croft, CNBC's, Natasha Kaneva, Kaneva, Goldman, Daan Struyven, RBC's Croft, Jan Stuart, Piper Sandler, Stuart Organizations: Citi ., Brent, Citi, RBC Capital Markets, RBC, U.S, United Nations, Islamic, JPMorgan, CNBC Locations: Israel, Iran, Damascus, Syria, Tehran, Lebanon, Republic, Islamic Republic, Goldman Sachs, Strait, Hormuz, Iranian

☆ Iran will learn from its failed attack on Israel and work to make its next big attack more devastating, war analysts warn
▼ + stars: | 2024-04-15 | by ( Ella Sherman | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewIsrael thwarted Iran's retaliatory missile attack, but experts said Iran can use this loss to learn and plan a more effective strike. AdvertisementIran's missiles and drones were overwhelmingly intercepted by Israel, its neighboring countries and allied forces, however, experts say this attack could offer Iran lessons for its next big hit. While many of Iran's missiles and drones were intercepted, the number of weapons that were able to break through Israel's defenses is notable enough for concern. Iran's drones and cruise missiles were launched earlier in order to hit Israel's defense air system at the same time as ballistic missiles.

Persons: —, Israel, Brian Carter, Frederick Kagan, ISW Organizations: Service, Business, Ukraine, NATO Locations: Iran, Israel, Washington, Iranian, Syria, Ukraine, Russia, Moscow, Tehran

☆ Can China play a role in avoiding an all-out war in the Middle East?
▼ + stars: | 2024-04-15 | by ( Nectar Gan | Simone Mccarthy | ) edition.cnn.com time to read: +9 min

“China calls on the international community, especially countries with influence, to play a constructive role for the peace and stability of the region,” the ministry added. The decision by Iran’s leaders to strike at Israel directly has pushed the shadow war between the two regional foes into the open. That’s why China does not condemn Iran,” said Yun Sun, director of the China program at the Washington-based Stimson Center think tank. Beijing meanwhile denounced the strike as a “barbarian act,” with protests erupting outside US diplomatic compounds across China. “For China, had US applies enough pressure on Israel, neither the Israeli attack nor the Iranian retaliation would have taken place.

Persons: Beijing’s, Antony Blinken, Wang Yi –, Saudi Arabia –, ”, William Figueroa, Figueroa, “, Xi Jinping, China’s, Iran ”, Israel, ” Figueroa, Wang Wenbin, Wang, Yun Sun, Bill Clinton, Jiang Zemin, ” Sun, Kishida, Jaishankar, Israel Katz, Hossein Amirabdollahian Organizations: Hong Kong CNN, Foreign Ministry, Washington, US State Department, Hamas, Beijing, Tehran, University of Groningen, Global Security Initiative, CNN, Chinese Foreign Ministry, Stimson, NATO, Embassy, Japan’s, Israel’s Foreign, Iranian Locations: China, Hong Kong, East, Iran, Israel, Beijing, Gaza, Tehran, Damascus, Republic, Turkey, Saudi Arabia, Palestinian, Red, Tehran –, Netherlands, underinvestment, United States, Israeli, Syria, Quds, Washington, Belgrade, That’s, Yugoslavia, Asia, ”, India, Philippines, Malaysia, Indonesia

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