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European markets are heading for a mixed open Monday amid heightened geopolitical tensions following Iran's massive drone and missile attack on Israel Saturday night. Last week, expectations that an Iranian attack could be imminent rose after a suspected Israeli strike that killed top Iranian officials in Syria. Israel has vowed to retaliate but has signaled that it will bide its time. Asia-Pacific markets slipped Monday as traders weighed the impact of the attack, with focus also on key economic data from China and Japan later in the week. U.S. stock futures managed to tick higher Sunday as investors dealt with a multitude of issues, including Iran's attack and a spike in equity market volatility that sent the Dow Jones Industrial average to its worst week of the year last week.
Persons: Israel Organizations: Dow Locations: Israel, Syria, Asia, Pacific, China, Japan
Iran's aerial attack on Israel mirrored Russian tactics in Ukraine, according to analysts. Another analyst disagreed, saying Iran used similar tactics long before Russia's full-scale invasion. AdvertisementSome military analysts are comparing Iran's attempt to bombard Israel over the weekend with Russian tactics in Ukraine. The IDF estimated that the attack used 170 drones, 30 cruise missiles, and 120 ballistic missiles. He pointed to Iran's 2019 attack on two major Saudi oil refineries, which also reportedly used drones combined with cruise missiles.
Persons: , Brian Carter, Frederick W, Kagan, Fabian Hinz, Hinz, Carter, Rodger Shanahan, it's, Israel, Shanahan Organizations: Service, Israel Defense Forces, American Enterprise, IDF, London's International, for Strategic Studies, CBS, Lowy Institute, ABC News Locations: Israel, Ukraine, Iran, ABC News Australia, Damascus, Syria
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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOil markets had already priced in an Iranian reaction, analyst saysAmrita Sen of Energy Aspects discusses Iran's drone and missile attack on Israel, and says it was "very well telegraphed" but that "doesn't mean that prices will continue to go down."
Persons: Amrita Sen Organizations: Email, Energy Locations: Israel
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
Arab countries, from the United Arab Emirates and Oman to Jordan and Egypt, have tried for months to tamp down the conflict between Israel and Hamas, especially after it widened to include armed groups backed by Iran and embedded deep within the Arab world. Some of them, like the Houthis, threaten Arab governments as well. But the Iranian drone and missile attack on Israel over the weekend, which put the entire region on alert, made the new reality unavoidable: Unlike past Israeli-Palestinian conflicts, and even those involving Israel and Lebanon or Syria, this one keeps expanding. “Part of why these wars were contained was that they were not a direct confrontation between Israel and Iran,” said Randa Slim, a senior fellow at the Washington-based Middle East Institute. “But now we are entering this era where a direct confrontation between Israel and Iran — that could drag the region into the conflict and that could drag the U.S. in — now that prospect of a regional war is going to be on the table all the time.”For the moment, the only countervailing force is the desire of both the United States and its longtime foe Iran to avoid a widening of the conflict, said Joost Hiltermann, the International Crisis Group's program director for the Middle East and North Africa.
Persons: , Randa Slim, Joost Hiltermann Organizations: United Arab, East Institute Locations: United Arab Emirates, Oman, Jordan, Egypt, Israel, Iran, Lebanon, Syria, Washington, , United States, East, North Africa
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIran's attack on Israel: Analyst discusses Israel's 'most dangerous' optionHussein Ibish, senior resident scholar at the Arab Gulf States Institute in Washington, discusses Iran's drone and missile attack on Israel.
Persons: Hussein Ibish Organizations: Gulf States Institute Locations: Israel, Washington
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
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIran's attack has brought 'warmness' back to the U.S.-Israel relationship, Chatham House saysSanam Vakil, director of Middle East and North Africa Programme at Chatham House, discusses Iran's drone and missile attack on Israel.
Persons: Chatham, Sanam Vakil Organizations: Middle, North Africa, Chatham House Locations: U.S, Israel, Middle East, Chatham
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDavid Roche: Israeli escalation against Iran is 'baked in the cake'David Roche, president and global strategist at Independent Strategy, discusses Iran's drone and missile attack on Israel and says "you have all degrees of escalation that are possible, but escalation you will get — there's no doubt about that."
Persons: David Roche Organizations: Independent Locations: Iran, Israel
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIran's attack on Israel could strengthen the 'bad brand' that Iran is giving the Arab world: AnalystYonatan Freeman, international relations expert at The Hebrew University of Jerusalem, discusses Iran's drone and missile attack on Israel.
Persons: Yonatan Freeman Organizations: The Hebrew University of Jerusalem Locations: Israel, Iran
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
U.S. forces, supported by U.S. European Command destroyers, on Saturday and Sunday destroyed more than 80 one-way attack drones and at least six ballistic missiles aimed at Israel from Iran and Yemen, the U.S. Central Command, or CENTCOM, said on Monday. U.S. forces, supported by U.S. European Command destroyers, on Saturday and Sunday destroyed more than 80 one-way attack drones and at least six ballistic missiles aimed at Israel from Iran and Yemen, the U.S. Central Command, or CENTCOM, said on Monday. The attack by more than 300 missiles and drones, mostly launched from inside Iran, caused only modest damage as most were shot down by Israel's Iron Dome defense system and with help from the United States, Britain, France and Jordan. "CENTCOM remains postured to support Israel's defense against these dangerous actions by Iran. We will continue to work with all our regional partners to increase regional security," the U.S. military said.
Persons: CENTCOM Organizations: U.S . European Command, U.S . Central Command, . U.S, Revolutionary Guards, Israel's Locations: Israel, Iran, Yemen, ., Syria, United States, Britain, France, Jordan
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
Russia's Foreign Ministry on Sunday expressed "extreme concern over another dangerous escalation" in the Middle East following Iran's missile and drone strike on Israel. "We express our extreme concern at yet another dangerous escalation in the region. We have repeatedly warned that the numerous unresolved crises in the Middle East, primarily in the area of the Palestinian-Israeli conflict, which are often fueled by irresponsible provocative actions, will exacerbate tensions," the foreign ministry said on Telegram. "We call on all parties involved in the conflict to exercise restraint. We believe it is important for the constructively-minded international players to contribute to this effort," it added.
Organizations: Russia's, Ministry, Palestinian Locations: Israel
Israel’s war cabinet on Monday met to weigh possible responses to Iran’s missile and drone attack over the weekend, as the United States, Britain and other allies strongly urged Israel to show restraint and sought to de-escalate tensions between the two regional powers. Some far-right members of Prime Minister Benjamin Netanyahu’s government called for a swift and forceful retaliation in response to Iran. There was no immediate public statement by the ministers, or by the Israeli prime minister. “We are weighing our steps,” Lt. Gen. Herzi Halevi, the Israeli military chief of staff, told Israeli soldiers on Monday in televised remarks during a visit to an Israeli air base. While the United States, Britain and France strongly condemned Iran’s assault and stepped in to help thwart it on Saturday, their calls for restraint highlighted the pressure Israel was facing to avoid a more direct confrontation with Iran.
Persons: Benjamin Netanyahu’s, Herzi Halevi, ” Mr, Netanyahu, Biden Locations: United States, Britain, Israel, Iran, Gaza, France
Oil prices fell at Asia's open on Monday, as market participants dialed back risk premiums following Iran's attack on Israel late on Saturday which the Israeli government said caused limited damage. The attack involving more than 300 missiles and drones was the first on Israel from another country in more than three decades. Oil benchmarks had risen on Friday in anticipation of a retaliatory attack by Iran, touching their highest levels since October. But prices still ended the week down about 1% after the International Energy Agency lowered its forecast for oil demand growth this year. A "less certain path to Fed rate cuts" because of persistent U.S. inflation also weighed on prices, Sycamore said.
Persons: Brent, Tony Sycamore, Jorge Leon, Analysts, Sycamore Organizations: West Texas, Israel's, Iran, International Energy Agency, Rystad Energy Locations: Tutong district, Brunei, Israel, Iran, Damascus, Gaza, U.S, Syria, Strait, Hormuz, East, Europe
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
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
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
In the middle of the last century, as the United States and Russia rapidly amassed thousands of nuclear weapons, China stayed out of the arms race, focusing its energy on growing its economy and broadening its regional influence. Beijing did build hundreds of nuclear weapons during those years, but the nation’s leaders insisted their modest arsenal was merely for self-defense. Since China’s first nuclear weapons test, in 1964, the country has pledged loudly to never go first in a nuclear conflict — no matter what. Now there is increasing unease in Washington about China’s nuclear ambitions. China’s transformation from a small nuclear power into an exponentially larger one is a historic shift, upending the delicate two-peer balance of the world’s nuclear weapons for the entirety of the atomic age.
Organizations: Pentagon Locations: United States, Russia, China, Beijing, Washington
Should the Israeli regime commit any military aggression again, Iran's response will assuredly and decisively be stronger and more resolute,” Ambassador Iravani added. Citing self-defense against repeated Israeli military aggressions, Iravani said the strikes were specifically in retaliation to an Israeli attack on April 1 against what Iran says were diplomatic facilities in Damascus. Iran claims the attack violated international law and led to the death of seven Iranian military advisors, including key commanders from the Iranian Revolutionary Guard Corps. The statement also criticizes the United Nations Security Council for “failing to uphold international peace,” allowing Israel to “breach” established international norms and “escalate” regional tensions. However an Israel Defense Forces spokesman told CNN that their intelligence showed the building was not a consulate and was instead “a military building of Quds forces disguised as a civilian building.”
Persons: Amir Cohen, Israel, Amir Saeid Iravani, Iravani, Mohammed Reza Zahedi, Organizations: Reuters, Islamic, Representative, Iranian Revolutionary Guard Corps, United Nations Security Council, Revolutionary Guards, Israel Defense Forces, CNN Locations: Ashkelon, Israel, Reuters Iran, Tehran, Syria's, Damascus, , Islamic Republic of Iran, Iran, Syria, Lebanon, Iranian, Quds
At a Pennsylvania rally, Donald Trump appeared to endorse his supporters, chanting, "Genocide Joe." "Genocide Joe" was coined by Pro-Palestine supporters to protest US support for Israel's Gaza siege. AdvertisementAt a rally in Schnecksville, Pennsylvania, on Saturday, Donald Trump appeared to endorse some of his supporters who were chant "genocide Joe," in reference to President Joe Biden's handling of the Middle East conflict. However, at the rally, Trump also expressed his support for the Jewish state. All I can do is tell the truth; the truth is they have no case," he said.
Persons: Donald Trump, Joe, Trump, , Joe Biden's, Biden, Lloyd Austin, Jordan, — Simon Ateba, Stormy Daniels, I'm Organizations: Pro, Palestine, Gaza, Service, Israel Defense Forces, Israel, US Defence, TRUMP, Biden, White, Trump, Mar Locations: Israel, Schnecksville , Pennsylvania, Gaza, Iran, Iranian, Damascus, Tehran, France, Delaware
Iranians are waving Iranian flags and a Palestinian flag as they celebrate Iran's IRGC UAV and missile attack against Israel on April 14, 2024. Iran rained a deluge of drones and missiles on Israel on Saturday night in response to a suspected Israeli strike that killed top Iranian officials in Syria, in a deep escalation of Middle East tensions. Last night marked the first instance of a direct attack on Israel from Iranian territory. Iran vowed revenge after a suspected Israeli strike on an Iranian consulate in Damascus, Syria, on April 1, which killed several top Iranian military commanders. The European Union has blasted Tehran's offensive: "The EU strongly condemns the unacceptable Iranian attack against Israel," EU High Representative Josep Borrell said late Saturday on social media.
Persons: Israel, Daniel Hagari, Bashar al, , Iran's, Mohammad Bagheri, Gilad Erdan, Josep Borrell, Joe Biden, Washington, Steve Scalise, Mitch McConnell Organizations: Israel, Israel Defense Forces, Hamas, Yemeni, Guards, Islamic Republic News Agency, . Security, Iranian Revolutionary Guard Corps, European, EU, Biden, , U.S . House, Republican Locations: Iran, Israel, Syria, Iraq, Yemen, Lebanon, Strait, Hormuz, Gaza, Iranian, Damascus, France, Ukraine, U.S
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