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☆ Goldman Sachs says crude could spike by $20 on Iran oil shock
▼ + stars: | 2024-10-04 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +4 min

The oil tanker 'Devon' prepares to transfer crude oil from Kharg Island oil terminal to India in the Persian Gulf, Iran, on March 23, 2018. Oil prices could shoot up $20 per barrel if Iranian production sees a hit resulting from Israeli retaliation, according to Goldman Sachs. U.S. crude oil prices just saw a third consecutive session of gains after Iran launched a ballistic missile attack on Israel, heightening tensions in the region. If Israel hits Iran's oil industry, supply disruptions in the Strait of Hormuz could become of concern, other analysts echoed. This strategically significant waterway connects crude oil producers in the Middle East with major global markets.

Persons: Struyven, Daan Struyven, Goldman Sachs, CNBC's, Saul Kavonic, Joe Biden, Brent Organizations: U.S . Energy Information Administration, Oil, CNBC, White, bbl, USD150, Fitch Solutions, BMI Locations: Devon, India, Persian Gulf, Iran, Saudi Arabia, UAE, Israel, U.S, China, Hormuz, Strait, Oman, OPEC

☆ Oil watchers now see a real threat of supply disruptions after latest Iran-Israel escalation
▼ + stars: | 2024-10-02 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +1 min

Oil watchers are now seeing a genuine threat to crude supplies after Iran launched a ballistic missile attack on Israel, escalating conflict in the Middle East. Iranian oil infrastructure may soon become a target for Israel as it considers a countermove, analysts told CNBC. "The Middle East conflict may finally impact oil supply," said Saul Kavonic, senior energy analyst at MST Marquee. "The scope for a material disruption to oil supply is now imminent." Up to 4% of global oil supply is at risk as the conflict now directly envelopes Iran, and an attack or tighter sanctions could send prices to $100 per barrel again, Kavonic added.

Persons: Hassan Nasrallah, Saul Kavonic, Kavonic Organizations: Tuesday, CNBC Locations: Isfahan Refinery, Iran, Isfahan, Israel, East, Iranian, Lebanon, Ukraine

☆ Why the S&P 500 could drop by 10% by the end of 2024 — and 4 trades to cash in on the turbulence
▼ + stars: | 2024-08-23 | by ( William Edwards | ) 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 previewDon't expect the stock market's seemingly unstoppable rally to continue through the end of the year, says Stifel's Barry Bannister. "If Russia makes a countermove in Kursk, it would probably be between the election and January," Bannister said. 4 trades to make amid market turbulenceWith the market poised for a turbulent period ahead, Bannister said he prefers defensive value stocks, particularly the healthcare, utilities, consumer staples, and real estate sectors. "Seventy percent of all the outperformance of defensive or value occurs before a recession is actually declared," Bannister said.

Persons: —, Stifel's Barry Bannister, Bannister, — Bannister, there's, Kamala Harris, Donald Trump, Trump, we're Organizations: Service, Business, Federal Reserve, Utilities, Consumer, UCITS Locations: Russia, Kursk, Iran, China

☆ Israel and Iran: All-out war, or measured retaliation?
▼ + stars: | 2024-04-19 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

Atta Kenare | AFP | Getty Imageswatch nowBut a full-blown conventional war would be devastating to both sides and highly destabilizing for the Middle East. Are these tit-for-tat blows between Israel and Iran clear evidence of all-out war, or carefully calibrated retaliation strikes? "With Israel's apparent strikes on Iran today, retaliating for Iran's attack on Israel last Sunday, we now have a direct nation-on-nation hot war," he told CNBC's "Capital Connection" Friday. 'Ball is back in Iran's court'Not everyone agrees that the line into wider war has been crossed, however. Within hours of the Israeli strikes, risk assets were already on their way back down, with international oil benchmark Brent crude turning lower for the session after a brief spike.

Persons: Atta Kenare, Benjamin Netanyahu, Joe Biden, Netanyahu, Ebrahim Raisi, Clay Seigle, CNBC's, Ehud Olmert, CNBC's Dan Murphy, Olmert, Ian Bremmer, Michael Singh, Israel, Rob Casey, Casey Organizations: AFP, Getty, Washington, Rapidan Energy Group, Israeli, Military, Israel, Eurasia Group, National Security Council, Wall Street, Signum Global Advisors, Anadolu, International Atomic Energy Agency, Brent Locations: Palestine Square, Tehran, Israel, Iran, U.S, Damascus, Gulf of Oman, Hormuz, Anadolu

☆ Russia's electronic warriors are intercepting Ukrainian troops' communications and jamming their GPS-guided bombs, experts say
▼ + stars: | 2023-07-03 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Russian jamming seems to be affecting Ukraine's communications and US-provided weapons, experts say. "The problem may well be the sheer power of the jamming signal that can be brought to bear," Withington said. "Moreover, the closer the GPS receiver is to the R-330Zh's jamming antenna, the stronger the jamming signal becomes." Russia's counter-GPS efforts are part of a massive electronic-warfare campaign that has also disrupted Ukrainian radio communications and drone operations. John Moore/Getty ImagesAccording to the RUSI report, Russian EW troops are also "highly capable" at intercepting and decrypting Ukrainian radio communications.

Persons: —, Thomas Withington, Withington, Serhii, HIMARS, Worthington, Denis Abramov, Mil.ru Worthington, Russia's, John Moore, hasn't, countermove, Michael Peck Organizations: Ukrainian, Service, Ukraine —, NATO, Britain's Royal United Services Institute, Pentagon, Getty, U.S, GPS, Russian Defense Ministry, Mil.ru, Russian, Russian GPS, Russian Army, Defense, Foreign Policy, Twitter, LinkedIn Locations: Russia, Ukraine, Russian, Soviet, Ukrainian, Kharkiv Oblast, Withington, Forbes

Of the various potential rulings possible in the case involving the abortion pill mifepristone, either of those outcomes would be unprecedented judicial intervention in the agency's regulatory process. Some of the FDA's options could be politically and legally risky both for the agency and mifepristone suppliers, they said. The FDA said the pill was deemed safe after extensive studies and use, and that the challenge comes much too late. Under FDA statutes and regulations, drug approval withdrawal generally begins with an informal hearing, which can entail extensive document preparation and the convening of an advisory committee. Overseas provider Aid Access, an Austria-based service that ships abortion medication to U.S. patients, said it would continue providing the pill no matter how the FDA responds.

☆ Russian forces were suffering from 'electronic fratricide' within days of attacking Ukraine, a new report says
▼ + stars: | 2022-11-21 | by ( Michael Peck | ) www.businessinsider.com time to read: +7 min

Early in Russia's attack on Ukraine, Russian forces used electronic warfare to great effect. The problem for Russian forces is that their electronic warfare also jammed their own communications. Initially, Russia's jamming offensive was devastating and validated Moscow's heavy investment in electronic warfare. Not surprisingly, Russia cut back on electronic warfare after the first two days of the war. A Russian Su-35 downed by Ukrainian forces in the Kharkiv region in April.

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