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☆ Young Michigan voters reveal deepening political problems for Biden seven months after start of Israel-Hamas war
▼ + stars: | 2024-05-08 | by ( John King | ) edition.cnn.com time to read: +11 min

“All roads to the White House go through Michigan,” Gray said. “Michigan is up for grabs, and I did not think I would be saying this right now. “And that starts with calling for a cease fire, for listening to his student voters across the country.”A sign in the encampment at the University of Michigan in May 2024. Younger voters were critical to Biden returning Michigan to the blue column in 2020; exit polling showed Biden winning 61% of voters aged 18-29, to just 37% for Donald Trump. Both hope a break from campus protests and demonstrations will give younger voters time and space to see a bigger picture.

Persons: Ann, Jade Gray, ” Gray, ”, Gray, Jalisatgi, Joe Biden, “ Joe Biden, CNN Jalisatgi, Biden, Donald Trump, Matkin, “ I’d, Summer Matkin, John King, Taylor Swift, ” Matkin, Trump, “ I’ve, Maya Siegmann, Siegmann, “, …, Siegmman, Hillel, ” Siegmann, Benjamin Netanyahu, Ibrahim Ghazal, Ghazal, ” Ghazal, ” Ibrahim Ghazal, CNN Ghazal, I’m, Who’s, ” Jalisatgi Organizations: Ann Arbor , Michigan CNN, University of Michigan Student Union, College Democrats, University of Michigan, CNN, Biden, Younger, Michigan Democrats, Wayne State, Trump, Wayne, CNN Wayne State, Hillel, Jewish, Israel, Democratic, GOP, New University of Michigan, Jalisatgi, University of Michigan’s, Supreme Locations: Ann Arbor , Michigan, Gaza, Michigan, “ Michigan, Israel, Detroit, Palestine, Wayne State, Dearborn, Dearborn Heights, Hamtramck, Missouri

☆ Opinion | A Thank-You Note to the Campus Protesters
▼ + stars: | 2024-05-07 | by ( Bret Stephens | ) www.nytimes.com time to read: +1 min

Dear anti-Israel campus protesters:Though it may take a few years before you realize it, supporters of Israel like me have reasons to give thanks to militant anti-Zionists like you. Recently, a friend asked what I would have made of your protests if they had been less fervently one-sided. If, for instance, pro-Palestinian student groups at Harvard and Columbia hadn’t castigated Israel immediately following the worst massacre of Jews since the Holocaust. What if you had avoided demonizing anyone who supports Israel’s right to exist — which includes a vast majority of Jews — as modern-day Nazis? And I would have had to fight harder to make my case that Israel must get rid of Hamas.

Persons: Columbia hadn’t, Israel, hadn’t, demonizing, undecideds Organizations: Harvard, Columbia, West Bank Locations: Israel, Harvard, Columbia, Berkeley, Stanford, Gaza

☆ Biden’s antisemitism speech leaves no doubt he’s standing by Israel despite tension with Netanyahu
▼ + stars: | 2024-05-07 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

CNN —The political rawness of the moment, as Israel pounds Gaza and outrage rocks American college campuses, means President Joe Biden’s big speech Tuesday condemning antisemitism is most notable for what he left unsaid. The speech was closely watched given the turmoil in the Middle East and its stunning political reaction in the US. “My commitment to the safety of the Jewish people, the security of Israel, and its right to exist as an independent Jewish state is ironclad. While praising the right to free speech as a fundamental American value, he condemned reported instances when some Jewish students have faced antisemitic taunting. Understanding history and preventing it from being manipulated for political gain was a major focus of Biden’s speech, which was delivered on the 79th anniversary of VE Day, when the allies defeated Nazism in World War II.

Persons: Joe Biden’s, movingly, you’re, ” Biden, Biden, Benjamin Netanyahu, ”, Joe ”, We’re, Biden’s, Donald Trump, Trump, Stormy Daniels, “, ” Johnson, Netanyahu, —, Mike Johnson, ’ Organizations: CNN, Jewish, Hamas, Holocaust Memorial, Capitol, Arab, Israel, Gaza Health Ministry, Democratic, Trump, Republicans, Republican, Louisiana Republican, White, GOP, Nazism Locations: Israel, Gaza, Nazi, Rafah, Michigan, Manhattan, Nazi Germany, United States, Louisiana, Charlottesville , Virginia, Gestapo

☆ Opinion | Senators Need to Stop the Anti-Semitism Awareness Act
▼ + stars: | 2024-05-06 | by ( Michelle Goldberg | ) www.nytimes.com time to read: +2 min

An unfortunate symbiosis has developed between pro-Israel culture warriors like Republican Representative Elise Stefanik and the most self-indulgent fringe of pro-Palestinian campus protesters. Together they are, wittingly or unwittingly, shifting attention from the urgent emergency in Gaza, where Israeli Prime Minister Benjamin Netanyahu is poised to defy the United States and invade the southern city of Rafah, to the much smaller problem of campus antisemitism. The United States has none.” Within the movement, I imagine such rhetoric functions as a sign of total commitment, a no-going-back rejection of hollow liberal pieties. Since 2016, pro-Israel politicians have pushed versions of a bill called the Anti-Semitism Awareness Act, which would codify, for the purpose of enforcing federal civil rights law in higher education, a definition of antisemitism that includes rejection of Israel as a Jewish state. In the past, civil libertarians were able to head such legislation off, but that’s become harder in the current fevered climate.

Persons: Elise Stefanik, Benjamin Netanyahu, “, ”, Panther, Kwame Ture, Stokely Carmichael, Israel, that’s Organizations: Palestinian, Columbia, National Lawyers Guild, United, Senate, Semitism Locations: Israel, Gaza, United States, Rafah, stoke

☆ Biden faces widening partisan split over Israel
▼ + stars: | 2024-05-06 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +17 min

CNN —President Joe Biden is facing more critical moments this week that will test his fraught relationship with his base over Israel’s war in Gaza and potentially widen the partisan split about the Jewish state that has been building for years. Against this backdrop, partisan polarization about Israel among American voters was already widening years before the brutal Hamas attack last October and the devastating Israeli response it triggered. An array of polls this spring show how the war in Gaza has hardened this partisan split. Nearly half of Democrats, but only a little over one-fifth of Republicans in the CBS poll, said the US should pressure Israel to stop the fighting. “Biden has a Democratic caucus that is putting a lot of faith in this process,” she said.

Persons: Joe Biden, Long, Benjamin Netanyahu, Netanyahu, “, ”, Aaron David Miller, Biden, Harry Truman, Lyndon B, Johnson, Jimmy Carter, Bill Clinton, Dwight Eisenhower, Richard Nixon, Ronald Reagan, George H.W, Bush, Reagan, George W, Donald Trump, Clinton, Barack Obama, Republicans —, Obama, Israel, Biden —, Gallup, Trump, That’s, Chuck Schumer, Mike Johnson, Biden’s, Jamaal Bowman, Cori Bush, Waleed Shahid, Shahid, David, it’s Goliath, David ”, Miller, “ Biden, ’ ”, Ben Rhodes, ” Biden, “ We’re, Saudi Arabia — “, Mark Mellman, Schumer, Sen, Bernie Sanders, Israel’s, Chris Murphy of, Chris Van Hollen, Chris Coons, Tim Kaine, Virginia, Van Hollen, Amanda Klasing, — Organizations: CNN, Israel, Republican, Democratic, Gallup Organization, Carnegie Endowment, International Peace, Holocaust Memorial, GOP, Whites, Republican Party, Republicans, Gallup, Trump, Chicago Council, Global Affairs, Quinnipiac University, CBS, Liberal, American Israel Public Affairs Committee, AIPAC, National Security Council, Amnesty International, Amnesty Locations: Gaza, Israel, United States, Iran, Quinnipiac, Washington, New York, Missouri, Yom Kippur, Saudi Arabia, Sens, Chris Murphy of Connecticut, Maryland, Delaware, Rafah

☆ Inside Rep. Rob Menendez's fight to be more than a 'nepo baby'
▼ + stars: | 2024-05-04 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +19 min

"I don't have the capacity to think through, well, what if, what if, what if," Menendez told me. Mayor Bhalla told me that he began contemplating his primary challenge shortly after the elder Menendez was first indicted in September. AdvertisementSitting in his recently opened campaign office, the mayor told me that the most important facet of his candidacy was his fight against New Jersey's party boss-driven political culture. "Everything here is a headline or a deadline driving the process," Councilman Paul Presinzano said of Mayor Bhalla. Menendez looks on as Bhalla's opening remarks at a Jersey City candidate forum are filmed by a cameraman.

Persons: Rob Menendez —, Sen, Bob Menendez —, Ravi Bhalla, Menendez, —, Rob Menendez, Bob Menendez, who's, that's, frat bro, I've, Stephen Chernin, he's, father's, Phil Murphy, Bhalla, Pete Buttigieg, outraise Menendez, Ted Shaffrey Bhalla, Menendez —, there's, They're, Andy Kim, Tammy Murphy, James Solomon, you've, hasn't, bossism, Anna Moneymaker, deriding, didn't, I'm, wasn't, we're, It's, Sam Bankman, rZ6H2IB4N0, — Rob Menendez, @RobMenendez4NJ, Councilwoman Tiffanie Fisher, Kim, Fisher, Paul Presinzano, Union City —, Donald Trump, Bryan Metzger, Rob's, Tammy Murphy's, He's, Cory Booker, Rob Menendez Bhalla, Steve Fulop —, corruptly Organizations: Hoboken, Service, Nike Air Force, Gov, Port Authority of New, New Jersey ., Sikh American, Congress, South, AP, New, Democratic Rep, First, Jersey City, Getty, Lipton Tea Company, House Transportation, Infrastructure, Union City, Homeland Security, Democratic, House Democratic, Facebook Locations: New Jersey, Manhattan, Jersey, Hoboken, Port Authority of New York, he's, Jersey City, Washington ,, Washington and NJ, Menendez's, Union City

☆ Columbia protesters' demands have worked before. This time may be different.
▼ + stars: | 2024-04-30 | by ( Paul Squire | ) www.businessinsider.com time to read: +9 min

Read previewThe unrest at Columbia University isn't showing signs of slowing down. In the 1980s, student protesters at Columbia took over the same building and called for divestment of the Ivy League school's investments over a different cause: South African apartheid. Student protesters at the 1985 demonstrations at Columbia University. Protesters there locked and chained the doors to Hamilton Hall — the same building now occupied by pro-Palestinian protesters — and demanded the school completely divest from South Africa. A more fraught situationOn its website, the Columbia University Apartheid Divest group likened itself to the protests from nearly 40 years ago.

Persons: —, It's, Lockheed Martin, Alex Kent, Joe Biden, Mike Johnson, she's, Barbara Alper, didn't, Ronald Reagan, Biden, Benjamin Netanyahu, Netanyahu, Nemat, Shafik, Nicholas Dirks, Divesting, Christopher Marsicano, Al, Marsicano Organizations: Service, Columbia University, Columbia, Ivy League, Business, Lockheed, Boeing, NPR, Hamilton Hall, Getty, Columbia University Apartheid, White, Student, New York Times, Times, Coalition, Columbia Spectator, Spectator, The New York Times, Hamas, University, Socially, University of California, CNN, North Carolina's Davidson College Locations: Israel, Gaza, Columbia, divesting, Hamilton, South Africa, Vietnam, Rafah, Berkeley, Al Jazeera

☆ Opinion | Israel Has a Choice to Make: Rafah or Riyadh
▼ + stars: | 2024-04-26 | by ( Thomas L. Friedman | ) www.nytimes.com time to read: +1 min

U.S. diplomacy to end the Gaza war and forge a new relationship with Saudi Arabia has been converging in recent weeks into a single giant choice for Israel and Prime Minister Benjamin Netanyahu: What do you want more — Rafah or Riyadh? Do you want to mount a full-scale invasion of Rafah to try to finish off Hamas — if that is even possible — without offering any Israeli exit strategy from Gaza or any political horizon for a two-state solution with non-Hamas-led Palestinians? If you go this route, it will only compound Israel’s global isolation and force a real breach with the Biden administration. Or do you want normalization with Saudi Arabia, an Arab peacekeeping force for Gaza and a U.S.-led security alliance against Iran? And what I find both disturbing and depressing is that there is no major Israeli leader today in the ruling coalition, the opposition or the military who is consistently helping Israelis understand that choice — a global pariah or a Middle East partner — or explaining why it should choose the second.

Persons: Benjamin Netanyahu, Biden, Israel, — Organizations: Israel, Hamas, Iran, Palestinian Locations: Gaza, Saudi Arabia, Rafah, Riyadh, Arab, U.S, Israel, East

☆ Hamas officials say group willing to disarm if Palestinian state is established
▼ + stars: | 2024-04-25 | by ( Abbas Allawati | Abbas Al Lawati | ) edition.cnn.com time to read: +5 min

The Palestinian militant group has long called for the Jewish state to be destroyed. Basem Naim, an Istanbul-based member of Hamas’ political bureau, told CNN on Thursday that the group would agree to disarm if an independent Palestinian state was established. Hamas has traditionally rejected a two-state solution that would see a Palestinian state established alongside Israel and has instead advocated the creation of a Palestinian state in all of historic Palestine that today encompasses Israel, the occupied West Bank, occupied East Jerusalem and Gaza. Barghouti said Hamas indicated as far back as 2007, when it led a Palestinian national unity government, that it is willing to accept a Palestinian state along the 1967 borders. Last week, Turkish Foreign Minister Hakan Fidan said at a news conference in the Qatari capital Doha that Hamas is willing to function solely as a political party once a Palestinian state is created, citing meetings between the group and Turkish officials.

Persons: Basem Naim, Al Qassam, ”, Mustafa Barghouti, Efraim Inbar, Israel ”, Israel “, Netanyahu, Khalil al, Hayya, ” Israel, Benjamin Netanyahu, Hayyah, Barghouti, Naim, Hakan Fidan, “ Organizations: CNN, Palestinian, Hamas, Israel, West Bank, Palestinian National Initiative, Jerusalem Institute for Strategy, Security, Associated Press, AP, Palestine Liberation Organization, PLO, Oslo Accords, Turkish, Qatari Locations: Israel, Gaza, Istanbul, Jerusalem, Palestinian, Palestine, East Jerusalem, United States, Israeli, Oslo, Doha, Turkish

☆ Pro-Israel Groups Promised to Be Active in Democratic Primaries. They Haven’t Done Much Yet.
▼ + stars: | 2024-04-21 | by ( Jonathan Weisman | ) www.nytimes.com time to read: +1 min

After Hamas’s Oct. 7 attack on Israel, pro-Israel political groups put the Democratic Party’s most outspoken critics of the Jewish state on notice: An avalanche of spending was coming to either unseat them or force them to change their posture on the Middle East. But the first expeted target of that avalanche, Representative Summer Lee of Pittsburgh, will face only nominal opposition in the Pennsylvania primary on Tuesday. And though groups like Democratic Majority for Israel and United Democracy Project, an affiliate of the American Israel Public Affairs Committee, have raised tens of millions of dollars to make good on their threats, they have so far mostly declined to spend it. Pro-Israel groups were unable to recruit an experienced, well-known primary challenger to Ms. Lee. That is not the case in primaries to come, especially Representative Jamaal Bowman’s in New York in June and Representative Cori Bush’s in Missouri in August.

Persons: Summer Lee, Lee, Jamaal Bowman’s, Cori Bush’s Organizations: Israel, Democratic, United Democracy Project, American Israel Public Affairs Committee, Synagogue Locations: Israel, Pittsburgh, Pennsylvania, Squirrel, New York, Missouri

How the House Voted on Foreign Aid to Ukraine, Israel and TaiwanVotes on the Foreign Aid Bills Source: Office of the Clerk, U.S. House of RepresentativesThe House passed a long-stalled foreign aid package on Saturday that gives funding to Ukraine, Israel and Taiwan, with a majority of lawmakers backing money for American allies across the globe. A majority of Republicans voted against Ukraine aid on Saturday, in a reflection of the stiff resistance within the G.O.P. to continuing to aid Ukraine against President Vladimir V. Putin of Russia’s invasion. While all Democrats voted in favor of aid to Ukraine and all but Ms. Tlaib supported funding to Taiwan, 37 left-leaning Democrats defected to vote against the Israel aid bill. The opposition to the Israel aid represented a minority of Democrats, but reflected the deep resistance to unconditional aid and the divisions in the party on Gaza.

Persons: Mike Johnson, Kevin McCarthy’s, Mr, McCarthy, Vladimir V, Putin, Elise Stefanik, Rashida Tlaib, Bob Good, Good, “, Tlaib, Jamie Raskin, Donald S, Beyer Jr, Earl Blumenauer of, John Garamendi of Organizations: Foreign Aid, Foreign, House, Senate, House Progressive Caucus, Fund, Caucus, Republican, Republicans, ”, Maryland, Democrats Locations: Ukraine, Israel, Taiwan, New York, Michigan, Virginia, Gaza, Earl Blumenauer of Oregon, John Garamendi of California, United States

☆ Israeli Weapon Damaged Iranian Air Defenses Without Being Detected, Officials Say
▼ + stars: | 2024-04-20 | by ( Farnaz Fassihi | Ronen Bergman | ) www.nytimes.com time to read: +7 min

Some Democrats are fine sending defensive weapons to Israel, but want to see some limits on offensive weapons, which could be used against civilians in Gaza. But progressive Democrats estimated that 40 to 60 members of their party may oppose it on the House floor on Saturday. The legislation would allocate $5 billion to Israel’s defense capabilities and $9 billion for “worldwide humanitarian aid,” including for civilians in Gaza. “To give Netanyahu more offensive weapons at this stage, I believe, is to condone the destruction of Gaza that we’ve seen in the last six months. But they see a “no” vote as part of a strategy to pressure Mr. Biden to condition aid and halt future offensive weapons transfers.

Persons: Biden, ’, Pramila Jayapal, Joaquin Castro, We’re, Mr, Benjamin Netanyahu’s, ”, Ro Khanna, Netanyahu, Nancy Pelosi, Mike Johnson, —, Becca Balint, “, it’s, Lloyd Doggett, Doggett, Ms, Balint, Dan Kildee, Greg Casar Organizations: Democrats, Democratic, “, Congressional Progressive Caucus, ”, Democrat, Israel, Democratic Party, Republican, Republicans, Texas Democrat, White House, Michigan Democrat Locations: Israel, Gaza, Iraq, Washington, Texas, Ukraine, Taiwan, United States, Rafah, Iran, California, Yemen, Louisiana, Vermont, U.S, American

☆ Oil prices jump on escalating tensions in the Middle East after strike on Iran
▼ + stars: | 2024-04-19 | by ( Laura He | ) edition.cnn.com time to read: +2 min

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

☆ Live Updates: Muted Reactions to Israeli Strikes on Iran Hint at De-Escalation
▼ + stars: | 2024-04-18 | by ( Alissa J. Rubin | ) www.nytimes.com time to read: +7 min

☆ Jordan walks a tightrope after downing Iranian drones and missiles
▼ + stars: | 2024-04-17 | by ( Jomana Karadsheh | ) edition.cnn.com time to read: +7 min

Jordan became the second Arab country to sign a peace deal with Israel in 1994. The kingdom was portrayed as shielding Israel at a time when Palestinians were being bombed by Israel in Gaza. One meme shared by users apparently outside Jordan showed a manipulated image of Jordan’s King Abdullah in an Israeli military uniform. “We are in the range of fire and any missiles or projectile that could fall in Jordan would cause harm to Jordan. Our priority is to protect Jordan and to protect Jordanian citizens.”And Jordan’s leadership seems intent on sending that message to its people.

Persons: Saddam Hussein, Jordan, Israel, King Abdullah, Bisher, “, Ayman Safadi, CNN’s Becky Anderson, ”, Safadi, “ Jordan, Joe Biden, Benjamin Netanyaahu, Iran ”, Abdullah, Queen Rania Organizations: CNN, Israel, West Bank, Scud, United, Sunday, ”, Jordan, Zionist, Jordanian Royal Court Locations: Amman, Israel, Damascus, Iraq, Iran, Syria, Jordanian, United States, Jordan, Gaza, Tehran, Fars, Iranian, Mafraq

☆ These 10 oil stocks are the most — and least — sensitive to price swings amid Iran-Israel tensions
▼ + stars: | 2024-04-16 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Crude oil prices have been volatile in April amid heightened geopolitical risks. Fears of a spillover conflict in the Middle East have led some market watchers to predict oil prices could soar to $100 per barrel and beyond . Any disruption in its capacity to supply global markets could send oil prices higher, analysts told CNBC. Oil and gas stocks that show a negative correlation with crude oil prices will enable investors to withstand any volatility while remaining invested in the sector. A correlation of 0 would mean no link between the crude oil price and the stock price.

Persons: Bartosz, Andy Lipow, — CNBC's Lee Ying Shan, Jenni Reid Organizations: Organization of, Petroleum, CNBC, Brent, Lipow Oil Associates, CNBC Pro, Energy Locations: Iran, Israel, Conotoxia, Hormuz, lockstep

☆ 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

☆ 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

☆ Gold is shining ‘bright like a diamond’ and could hit $3,000, says Citi
▼ + stars: | 2024-04-16 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023. Gold prices continued to hover near record highs days after Middle East tensions flared, boosting the safe-haven appeal of bullion. Gold prices notched another record close Monday, with the most-active June contract for gold futures trading 0.37% higher to settle at $2,383 per ounce, and some say there's more room to run. "The recent gold rally has been aided by geopolitical heat and is coinciding with record equity index levels," Citi wrote in a note dated April 15. Market watchers are closely monitoring a potential retaliation by the Jewish state, which has vowed to "exact a price" from Iran.

Persons: Israel —, Bartosz, Conotoxia Organizations: Co, Citi, U.S . Locations: Bangkok, Thailand, East, Iran, Israel

☆ Oil prices could see 'super spike well above $100' if conflict escalates after Iran's attack on Israel
▼ + stars: | 2024-04-15 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +3 min

Any disruption in its capacity to supply global markets could send oil prices higher, analysts told CNBC. Insufficient investment makes supply more fragile and increases the chance of a super spike well above $100 if supply is disrupted. Stock Chart Icon Stock chart icon Oil prices since the start of the year. "I think oil prices will go to all time highs this cycle, due to a decade of under-investment in exploration and development," Young added. Oil prices have climbed in recent months on trade disruptions and delays caused by Red Sea maritime attacks from the Houthis, who claim solidarity with the Palestinian people.

Persons: Saeid Arabzadeh, Israel reigniting, Andy Lipow, Daniel Hagari, Josh Young, Brent, Young, Morgan Stanley's Organizations: Afp, Getty, OPEC, CNBC, Brent, Lipow Oil Associates, Israel Defense Forces, Bison, Iran's United Nations, underinvestment, U.S, West Texas Locations: Persian, Iran, Hormuz, Oman, Israel, Damascus, Syria, Asia

☆ 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

☆ '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

☆ Restraint or retribution? Israel faces dilemma in its response to Iran’s attack
▼ + stars: | 2024-04-15 | by ( Nadeen Ebrahim | Jeremy Diamond | ) edition.cnn.com time to read: +10 min

Israel must balance international pressure to show restraint on the one hand, while searching for an appropriate response to an unprecedented attack. Western and Arab allies of Israel have been discouraging it from responding to Iran’s attack. Benny Gantz, a key member of the war cabinet, has pushed for a swifter response to Iran’s attack, two Israeli officials told CNN. He believes that the longer Israel delays its response to Iran’s attack, the harder it will be to garner international support for it, the sources said. Risking Arab tiesArab states, including those that are friendly with Israel, have expressed concern about a potential escalation from Iran’s attack, but haven’t outright condemned it.

Persons: CNN —, Benjamin Netanyahu, ”, Raz Zimmt, Israel …, Amir Cohen, ” Zimmt, Alon Pinkas, Tamir Hayman, Israel’s, Jordan, ” Hayman, Joe Biden, Biden, Adam Schultz, Netanyahu, Netanyahu’s, it’s, ” Pinkas, Pinkas, Louai Beshara, Israel, ” Yaakov Amidror, Iran’s, Benny Gantz, haven’t, CNN’s Becky Anderson, Ayman Safadi, ” Safadi Organizations: CNN, Islamic, Analysts, Hamas, Institute for National Security Studies, Sunday, Reuters, National Security, White, Domestic, Getty Locations: CNN — Israel, Islamic Republic, Israel, Iran, Damascus, Gaza, Tel Aviv, Tehran, Ashkelon, Israeli, France, Pinkas, Iranian, Syria, AFP, Rafah, United States, Jerusalem, Jordanian, “, Persian, Hormuz

☆ Israel vows to 'exact a price' after Iran's attack. Here's what analysts expect could happen
▼ + stars: | 2024-04-15 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

But Israel will need to strike a delicate balance, he noted, highlighting that "they don't want an overt conflict with Iran." Iran has said the attack on Israel was in response to an Israeli strike on its embassy compound in Damascus, Syria earlier this month. The Islamic regime has accused Israel of the April 1 attack which killed seven Iranian military personnel, including senior commanders. Israel and Iran have been at odds for decades, with Iran funding and supporting groups opposing Israel including Palestinian militant group Hamas. The ongoing conflict in Gaza has often been referred to as a proxy war between Israel and Iran.

Persons: Amir Cohen, Israel, Joe Biden, Ryan Bohl, Bohl, CNBC's, Biden, Benjamin Netanyahu, Benny Gantz, Amir Saeid Iravani, Bashar al, Assad, David Roche, Roche, Israel's, What's Organizations: Reuters, Middle East, Rane, NBC News, United Nations, Palestinian, Hamas, Yemeni, Independent, CNBC Locations: Gaza, Ashkelon, Israel, Reuters Israel, Iran, North Africa, Damascus, Syria, Tehran, United States

☆ Iran's unprecedented attack on Israel has pushed the region to the edge — but not past the point of no return yet, analyst says
▼ + stars: | 2024-04-14 | by ( Rebecca Rommen | ) www.businessinsider.com time to read: +5 min

Read previewIsraeli Prime Minister Benjamin Netanyahu must weigh up the implications of escalating the conflict in the Middle East as he mulls Israel's response to Iran's attack, experts say. And depending on how Israel and Iran move forward, the countries may risk taking their yearslong shadow war into an open, regional conflict. AdvertisementAn anti-missile system operates after Iran launched drones and missiles toward Israel, as seen from Ashkelon, Israel April 14, 2024. "At no point previously had Iran directly struck Israel in a way that violated its sovereignty, meaning directly on Israeli soil. Iran has since warned Israel and its allies against a counterstrike, saying it would launch an even larger attack if they retaliated.

Persons: —, Benjamin Netanyahu, Ali Khamenei, Michael Horowitz, Zonszein, Israel, Amir Cohen, Reuters Shashank Joshi, Netanyahu, Yoav Gallant, Benny Gantz, Gantz, Joe Biden, Arbit, Jordan Organizations: Service, Business, Islamic Revolutionary Guard Corps, Iran's, International Crisis, Reuters, LBC, Atlantic Council, CNN Locations: Jordanian, Iran, Iranian, Damascus, Israel, Ashkelon, Republic

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