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He said his unit had good support from HIMARS — a long-range, high-precision rocket launcher that can hit targets 50 miles away — but its effectiveness was degraded as rockets ran low. AdvertisementUkrainian soldiers watch a rocket fire from a HIMARS launcher in May 2023 in Donetsk Oblast, Ukraine. AdvertisementCongress approved $300 million for Ukraine last month, which would have included HIMARS rockets. M142 HIMARS launches a rocket on Russian position on December 29, 2023 in Unspecified, Ukraine. "Support Ukraine, help us win this war."
Persons: , Jonathan Poquette, it's, Serhii Mykhalchuk, Poquette, we're, Diego Herrera Carcedo, we'd, Christopher G Organizations: Service, Business, Artillery Rocket Systems, Company, Ukraine's 59th Motorized Brigade, Ukraine, Getty, Republicans, Hudson Institute, US European Command, NATO's, US Locations: Ukraine, Ukraine's, Donetsk Oblast, Ukrainian, Russia, Donetsk, US, Kyiv, Bakhmut, Anadolu
Oil prices slipped on Friday on the possibility of a nearing Gaza ceasefire that could ease geopolitical concerns in the Middle East, while a stronger dollar and faltering U.S. gasoline demand also weighed on prices. U.S. crude oil fell for the third consecutive trading session on Wednesday, dipping below $85 a barrel as the market dismissed the risk of a wider war between Israel and Iran that could disrupt supplies. The West Texas Intermediate contract for May delivery fell 46 cents, or 0.55%, to $84.89 a barrel. June Brent futures were down 51 cents, or 0.57%, at $89.51 a barrel. U.S. oil and the global benchmark are down just under 1% this week.
Persons: Brent, John Evans, PVM Organizations: U.S, The West Texas Intermediate Locations: Gaza, Israel, Iran, The, U.S
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
China refused to condemn Iran's missile attack on Israel. AdvertisementChina refused to condemn Iran's missile and drone attack on Israel as it seeks to position itself as a key player in the Middle East. The statement was notable because it contained no condemnation of Iran's attack on Israel on Saturday. The US has sought to enlist China is helping to prevent a bigger regional war, the State Department said. In the readout, China praised Iran for acting with restraint in its response to Israel's embassy attack.
Persons: , Wang Yi's, Hossein Amir, Amir, Abdollahian, Wang, Israel's, Xi Jinping, Ebrahim Raisi, Benjamin Netanyahu Organizations: Service, Foreign, Saturday, Iran, Iranian, Lebanese, Hezbollah, Israel's, US, State Department Locations: China, Israel, Iran, Damascus, Syria, Iranian, Saudi Arabia, Gaza, Beijing
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
European markets are heading for a lower open Tuesday as investors are closely following developments in the Middle East. Geopolitical tensions are high following Iran's extensive drone and missile attack on Israel Saturday night. Allies have called for cool heads, warning that a much bigger war in the Middle East could be easily triggered. Asia-Pacific markets sold off as the world awaits Israel's response to Iran's air assault over the weekend. Most major markets in Asia lost about 2%.
Organizations: Reuters, U.S Locations: Israel, Asia, Pacific
Israel is unlikely to attack oil facilities, advisory firm says
  + stars: | 2024-04-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael is unlikely to attack oil facilities, advisory firm saysCarole Nakhle, founder and director of Crystol Energy, discusses how Iran's drone and missile attack on Israel might affect oil prices.
Persons: Carole Nakhle Organizations: Israel, Crystol Energy Locations: Israel
“When rockets fly in Israel, the whole world writes about it,” said Amil Nasirov, a 29-year-old singer. “And it’s like some devaluation of Ukrainian lives.”Ukraine has begged since the outset of Russia’s full-scale invasion in February 2022 for more tools to close its sky to Russian missiles. Ukrainian officials noted the role that fighter jets played in defending Israel as a sign of their importance in air defense. “That would be a danger of escalation.”The United States remains the chief supplier of the munitions for Ukraine’s best air defense systems. In the intervening months, Ukraine’s air defenses have been critically depleted, while Russia has greater success in using air power to advance on the front line, attack Ukraine’s energy grid and inflict more casualties against civilians.
Persons: Sergiy, , , Amil Nasirov, Biden, Volodymyr Zelensky, ” Mr, Zelensky, David Cameron, Cameron, Britain’s, Liubov Sholudko Organizations: United Nations, Patriot, NATO, Britain’s LBC, Ukraine Locations: Ukraine, Russia, Israel, United States, Britain, France, Iran, Washington, Russian, Moscow, Ukrainian, Kharkiv, Germany, Europe
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
Two weeks ago, Prime Minister Rishi Sunak of Britain was facing a chorus of calls to cut off arms shipments to Israel because of its devastating war in Gaza. On Monday, Mr. Sunak saluted the British warplanes that had shot down several Iranian drones as part of a successful campaign to thwart Iran’s attack on Israel. Faced with a barrage of Iranian missiles, Britain, the United States, France and others rushed to Israel’s aid. They set aside their anger over Gaza to defend it from a country they view as an archnemesis, even as they pleaded for restraint in Israel’s response to the Iranian assault. But it could prove to be a fleeting change, they said, if Mr. Netanyahu orders a counterstrike damaging enough to pitch the region into wider war.
Persons: Rishi Sunak, Sunak, Benjamin Netanyahu, Netanyahu, Mr, Biden, Iran’s Locations: Israel, Gaza, Iran, Britain, United States, France, Damascus
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Theodore BerganThe Pentagon's planned future use of the F-35, as well as the stealth aircraft's overall availability over the past few years, have both decreased. The GAO said it has consistently found that the F-35 fleet is not meeting availability and performance goals, even as projected costs for the program go up. The Pentagon "has pursued cost savings efforts and continues to look for new ways to reduce costs," the GAO explained in its report. However, it cautioned, "officials generally agree that these efforts are not likely to fundamentally change the estimated costs to operate the aircraft."
Persons: , Theodore Bergan, Duncan Bevan, Lockheed Martin Organizations: Service, Pentagon, Office, Business, Department of Defense, Navy, Air Force, Marine Corps, Marine Corps Air, US Marine Corps, Staff, GAO, Force, US Central Command, US Air Force, Lockheed Locations: Point , North Carolina, Israel, Iranian
A Diplomatic Victory of Uncertain Staying Power
  + stars: | 2024-04-16 | by ( Peter Baker | ) www.nytimes.com   time to read: +1 min
Had just one missile or drone gotten through and killed a lot of Israelis, American officials feared, the region could have gone up in flames. Mr. Biden and his team hoped that the developments over the weekend could give all three major actors enough to claim victory and walk away. Iran could claim vindication for taking aggressive action in response to the Israeli strike that killed some of its top military officers. Israel showed the world that its military is too formidable to challenge and that Iran is impotent against it. Rather than pocketing the win, such as it was, Israeli officials said on Monday that they would respond — without saying when or exactly how — and Mr. Biden’s advisers were bracing to see what that might entail.
Persons: Biden’s, Biden Locations: U.S, Iran, United States
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
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
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
US Treasury Secretary Janet Yellen attends a press conference at US Ambassador's residence in Beijing on April 8, 2024. U.S. Treasury Secretary Janet Yellen is preparing new sanctions on Iran after the country launched hundreds of drones and missiles at Israel over the weekend. "The attack by Iran and its proxies underscores the importance of Treasury's work to use our economic tools to counter Iran's malign activity." Israel said it intercepted 99% of the more than 300 projectiles from Iran. The U.S. has imposed hundreds of sanctions on Iran and its proxies in recent years for their connections to terrorism and for the country's missile program.
Persons: Janet Yellen, Yellen Organizations: US, Treasury, International Monetary Fund, country's Locations: Beijing, Iran, Israel, Iranian, Syria, The U.S, Red
Oil prices rise as Israel weighs response to Iran attack
  + stars: | 2024-04-16 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices rose on Tuesday amid heightened tensions in the Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies. Oil prices rose on Tuesday amid heightened tensions in the Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies. Oil prices had ended Monday's session lower after Iran's weekend attack on Israel proved to be less damaging than anticipated, initially easing concerns of a quickly intensifying conflict that could displace crude barrels. Iran produces more than 3 million barrels per day of crude oil as a major producer within the Organization of the Petroleum Exporting Countries, or OPEC. That would maintain pressure on policymakers to unveil more economic stimulus measures that could boost oil prices.
Persons: Brent, Benjamin Netanyahu Organizations: Israel's, Monday, Organization of, Petroleum Locations: Israel, Iran, Damascus, China
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIran 'declared war' on Israel, former Israeli prime minister saysEhud Olmert, prime minister of Israel from 2006 to 2009, discusses Iran's drone and missile attack on Israel.
Persons: Ehud Olmert Organizations: Iran Locations: Israel
Iran appeared to target Israel's Nevatim Airbase with over 350 drones and missiles on Sunday. Nevatim houses Israel's F-35I "Adir" stealth fighter jets produced by US company Lockheed-Martin. AdvertisementEarly Sunday morning, Iran fired hundreds of drones, missiles, and rockets at Israel in a retaliatory attack following Israel's strike on the Iranian consulate in Damascus, Syria. The missiles appeared to target Israel's Nevatim Airbase in the Negev desert, which houses its fleet of F-35I stealth fighter jets. The Israeli variant of the US-made Lockheed Martin Lightning II Joint Strike Fighter plane is known as "Adir," meaning "Mighty One" in Hebrew.
Persons: Martin, , Lockheed Martin Organizations: US, Lockheed, Iranian, Service, Israel Defense Forces, Lockheed Martin Lightning Locations: Iran, Airbase, Israel, Damascus, Syria, Jordan, France
Iran launched hundreds of drones, ballistic missiles and cruise missiles at Israel in the attack. Israeli military chief Lt. Gen. Herzi Halevi said Monday that Israel is considering its next steps but that the Iranian strike "will be met with a response." Both men spoke at the Nevatim air base in southern Israel, which Hagari said suffered only light damage in the Iranian attack. The Iranian weapons also flew through Saudi skies, according to a map released by the Israeli military. Throughout the war, Israel has traded fire across its northern border with Lebanon's Iranian-backed Hezbollah militant group, while Iranian-backed militias in Iraq and Yemen have also attacked Israel.
Persons: Herzi Halevi, Israel, Halevi, Daniel Hagari, Hagari, Benjamin Netanyahu, Steve Scalise, Netanyahu, Jordan —, Halevia, Rishi Sunak, Emmanuel Macron, John Kirby, Kirby, Antony Blinken Organizations: Staff, Palestinian, Hamas, U.S, Seven, U.S . Central Command, Islamic, Hezbollah, Washington , U.S . National Security Locations: Gaza, Syrian, Damascus, Iran, Israel, U.S, Jordan, Saudi Arabia, Britain, American, France, Saudi, Iranian, Iraq, Yemen, British, Paris, Washington , U.S
Around 60 of Iran's missiles failed on their own, multiple reports say. AdvertisementHalf of the missiles Iran fired at Israel over the weekend failed on launch or malfunctioned and crashed, according to reports. But around 60 of Iran's missiles failed on their own, according to several reports. An estimated 50% of Iran's 120 ballistic missiles failed to launch or crashed in flight, unnamed US officials told CBS News and The Wall Street Journal. President Biden said on Friday that he expected Iran to attack Israel "sooner, rather than later."
Persons: , Gilad Erdan, CHARLY TRIBALLEAU, Amir Saeid Iravani, Israel, Biden, Sean McFate, McFate, They've Organizations: Service, CBS News, Street Journal, United Nations Security Council, Getty, Israel Defense Forces, Navatim Air Force Base, UN, Sky News, Syracuse University, Israel, Iran's Ministry of Foreign Affairs, US Department of Defense Locations: Israel, Iran, Syria, France, Jordan, Gaza
US futures ticked up ahead of the bell as investors look ahead to an uncertain week. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementUS stocks gained ahead of Monday's opening bell as investors cautiously await Israel's reaction to Iran's missile attack over the weekend. S&P 500 futures were up 0.51% and Nasdaq 100 futures had gained 0.54% shortly after 5 a.m. This story is available exclusively to Business Insider subscribers.
Persons: Goldman Sachs, Organizations: Brent, Service, Nasdaq, Dow Jones Industrial, Business Locations: Israel
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
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
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
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