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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

Banks up : Financials were also strong Friday, with Wells Fargo and Morgan Stanley our top performers on the session. Beer boss : Shares of Club stock Constellation Brands were bouncing Friday, one day after a steep post-earnings slide . As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, It's, WTI, Prices, Banks, Wells, Morgan Stanley, Wells Fargo, Jim, Goldman Sachs, Beer, Bill Newlands, Newlands, Jim Cramer's Organizations: CNBC, ., Fed, West Texas, Drug Administration, Centers for Disease Control, National Institutes of Health, NEC, Club, Abbott Laboratories, Constellation Brands, Modelo, Constellation, Morning, Costco, Jim Cramer's Charitable Locations: U.S, Israel, Mexico, Wells

☆ Satellite imagery shows Iranian oil tankers at country’s major terminal disappearing amid fears of Israeli counterattack
▼ + stars: | 2024-10-04 | by ( Natasha Turak | ) www.cnbc.com time to read: +5 min

A general view of the Port of Kharg Island Oil Terminal in Iran on March 12, 2017. Fatemeh Bahrami | Anadolu Agency | Getty ImagesSatellite imagery revealed a number of oil tankers vacating the waters around Iran's key Kharg Island oil loading terminal, amid fears of an Israeli counterattack on Tehran's energy infrastructure. Their empty VLCC supertankers vacated the country's largest oil terminal, Kharg Island, yesterday," tracking firm TankerTrackers.com wrote in a post on the X social media platform on Thursday evening. VLCC tankers are specifically designed to transport large volumes of crude oil. Kharg Island: Iran's largest oil terminalLocated fifteen miles off Iran's northwestern coast, the Kharg Island terminal handles more than 90% of the country's crude exports.

Persons: Fatemeh, TankerTrackers.com, Hassan Nasrallah —, Samir Madani, Sara Vakhshouri, Joe Biden, Biden Organizations: Anadolu Agency, Getty, National Iranian Tanker Company, Copernicus, Sentinel, Sentinel Hub CNBC, CNBC, Kharg, SVB Energy, Brent, West Texas Locations: Kharg, Iran, Israel, Persian, London

☆ Israel has given no assurances it won’t target Iran’s nuclear facilities, top State Department official tells CNN
▼ + stars: | 2024-10-04 | by ( Kylie Atwood | Jennifer Hansler | ) edition.cnn.com time to read: +3 min

Washington CNN —Israel has not given assurances to the Biden administration that targeting Iran’s nuclear facilities is off the table in retaliation for the Iranian ballistic missile strikes earlier this week, a top US State Department official told CNN on Friday. The official added that it is “really hard to tell” if Israel will use the anniversary of Hamas’ October 7 attacks to retaliate. “We hope and expect to see some wisdom as well as strength, but as you guys know, no guarantees,” the official said when asked by CNN if Israel has assured the US that Iran’s nuclear sites are off the table. US officials have voiced support for Israel responding to Iran’s missile attack earlier this week, with multiple officials publicly saying there must be consequences. President Joe Biden said earlier this week the US would not support Israel targeting Iran’s nuclear program.

Persons: Washington CNN —, Biden, Joe Biden, ” Biden, Bolton, Biden's, Israel, “, ”, Kurt Campbell, ” Campbell, ‘ let’s, ’ ” Campbell, CNN’s Nikki Carvajal Organizations: Washington CNN, US State Department, CNN, senior State Department, Carnegie Endowment, International Locations: Washington CNN — Israel, Israel, East, Iran, United States

☆ Jim Cramer tells investors to put this chipmaker and this bank on their buy lists
▼ + stars: | 2024-10-04 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer calls September's nonfarm payroll growth a "no landing" number, meaning we don't have to waste energy debating a hard economic landing versus a soft landing. AMD stock is starting to reflect that, he added, but it hasn't had nearly the gains of rival Club stock Nvidia this year. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

Persons: Jim Cramer, September's, Jim, Lisa Su, hasn't, Morgan Stanley, Wells, It's, Jim Cramer's Organizations: CNBC, Dow, Nasdaq, Club, AMD, Nvidia, Bank, Fed Locations: U.S, Israel, San Francisco, Wells Fargo

☆ From missile batteries to oil refineries to nuclear labs, Israel could hit a wide range of targets in Iran
▼ + stars: | 2024-10-03 | by ( Dan De Luce | Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Courtney-Kube-Circle-Byline-Template.Jpg | ) www.nbcnews.com time to read: +7 min

If Israel decides to go that route, it remains an open question what parts of Iran’s oil sector Israel would try to attack. An attack on Iran’s oil industry could drive up oil prices and jolt the global economy. NuclearBiden said this week that the U.S. opposed any strikes on Iran’s nuclear program. Iran denies it has ever sought to build nuclear weapons and says its nuclear program is designed for civilian purposes. A 2015 nuclear agreement between Iran and world powers limited Iran’s nuclear project in return for an easing of economic sanctions.

Persons: Israel, Iran’s, ”, Monica Alba, Joe Biden, “, ” Biden, Fatemeh Bahrami, Nuclear Biden, Benjamin Netanyahu, Donald Trump Organizations: U.S, Energy, NBC News, Persian Gulf, Nuclear, Getty, of Atomic Scientists Locations: Iran, Tehran, Israel, Strait, Hormuz, Persian, U.S, Persian Gulf Star, Bandar Abbas, Fordow, Isfahan, Khondab, Iranian

☆ Jack Smith court filing against Trump and Israel strikes central Beirut: Morning Rundown
▼ + stars: | 2024-10-03 | by ( Elizabeth Robinson | Elizabeth Robinson Is A Newsletter Editor For Nbc News | Based In Los Angeles. | ) www.nbcnews.com time to read: +9 min

A new court filing from special counsel Jack Smith argues Donald Trump acted as a private citizen when he sought to overturn the 2020 election. It includes new details about Trump’s actions after the 2020 election and leading up to the Jan. 6 riot at the U.S. Capitol, including testimony detailing Trump’s conversations with former Vice President Mike Pence. Trump campaign spokesperson Steven Cheung blasted the “falsehood-ridden” filing and declared the case a “partisan, Unconstitutional Witch Hunt.”Read the full story here. Liz Cheney, a former Republican congresswoman and daughter of a former Republican vice president, will campaign with Vice President Kamala Harris today in the Wisconsin city considered the birthplace of the Republican Party. 2025 ambitions: Republicans in Congress are already looking ahead at what they could accomplish if Donald Trump wins the 2024 election.

Persons: Jack Smith, Donald Trump, Hurricane Helene, Here’s, Trump ‘, “, ”, Mike Pence, Pence, Trump, Steven Cheung, Witch Hunt, Helene Swannanoa Deon Hampton, Deon Hampton, Beverly Eller, Stewart Cody, Helene, Elon Musk’s, Joe Biden, Sen, JD Vance, Liz Cheney, Kamala Harris, Tom Cotton of, Charisse, Lane, — Michelle Garcia, Elizabeth Robinson Organizations: NBC News, U.S . Capitol, Getty, country’s Ministry of Health, Beirut . One U.S, NBC, Staff, Mission, Republican, Republican Party, Affordable, Trump, GOP, College Republicans, Florida, M University Locations: Beirut, United States, Israel, Iran, Lebanon, AFP, Bachoura, Beirut . One, Lebanese, North Carolina, Hurricane, Florida, Georgia, Tennessee, Swannanoa , North Carolina, Asheville, Michigan, Wisconsin, Tom Cotton of Arkansas

☆ Russia's strike on a merchant ship in the Black Sea was likely down to poor targeting and aged ammo: UK intel
▼ + stars: | 2024-10-03 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +4 min

The strike led to fears of a potential escalation in Russian attacks on the Black Sea grain corridor. But according to the UK MOD, it was likely an error caused by poor procedures and aging munition. Tonight, Russia launched a strike on an ordinary civilian vessel in the Black Sea right after it left Ukrainian territorial waters. Related storiesSince its exit from the Black Sea grain initiative, Russia's attacks on Ukrainian naval export abilities have been largely limited to striking ports, and — it's widely believed — dropping naval mines. Despite the potential for economic warfare, Russia has good reason to avoid escalating the threat to shipping in the Black Sea, Ambrey wrote.

Persons: —, Saint, nNCqNDVfJV, Volodymyr Zelenskyy, Aya, Ambrey, Володимир Зеленський Organizations: MOD, Service, UK Ministry of Defence, Foreign Relations Locations: Ukraine, Egypt, Russian, Saint Kitts, Nevis, Ukraine's, Odesa, Romania's, Russia, Ukrainian, Sevastopol, Crimea, Novorossiysk

☆ Oil prices could surge 161% if Middle East conflict wipes out Iran's energy infrastructure, commodity chief says
▼ + stars: | 2024-10-03 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Oil prices could surge past $200 a barrel if Iran's oil installations are taken offline, a chief commodities expert said. AdvertisementOil prices could roar past $200 a barrel if escalating tensions in the Middle East decimate Iran's crude output, a chief commodities analyst told CNBC. In the $200 per barrel scenario, Brent crude, the international benchmark, would gain 161% from its current price. Still, some investors are betting on the possibility of damaged oil output, Bloomberg reports. These restrictions were introduced to prop up oil prices, but have cost the alliance market share.

Persons: —, SEB's Bjarne Schieldrop, Schieldrop, Brent, Bob McNally, haven't Organizations: Service, CNBC, Traders, Bloomberg Locations: Iran, Hormuz, Israel, Lebanon, Libya, OPEC, Saudi Arabia, Riyadh

☆ Iran's massive missile strike on Israel is just a fraction of what China could do
▼ + stars: | 2024-10-03 | by ( Chris Panella | ) www.businessinsider.com time to read: +9 min

Iran launched a massive ballistic missile strike on Israel this week, what appears to be the largest ever. The attack represents just a fraction of the scale, devastation, and capabilities a China missile strike could have, experts said. AdvertisementIran launched a major missile strike on Israel earlier this week likely intended to overwhelm the country's air defenses and inflict significant damage. The Iranian attack was massive, perhaps the largest ballistic missile strike in history, but it represents just a fraction of the scale and capabilities of what a Chinese missile attack could look like. AdvertisementA massive missile strikeIran previously launched a missile strike on Israel in April, using ballistic missiles, cruise missiles, and drones.

Persons: —, Bailee Ann Darbasie, Tom Karako, Amir Cohen, Hassan Nasrallah, Ismail Haniyeh, wasn't, Cole, USS Bulkeley, Karako, Thomas Shugart, Liu Mingsong, Shugart, Xi Jingping's, GREG BAKER Organizations: Service, Department of Defense, Army's, Force, U.S . Air Force, Staff, Center for Strategic, International Studies, Missile Defense, Reuters, Air, US, Iranian, US Navy, Center, New, New American Security, Pentagon, Getty, Area Defense, Aegis, Pacific Command Locations: Iran, Israel, China, Taiwan, Chinese, Ukraine, New American, Xinhua, AFP, Japan

☆ Stock market today: Indexes fall, oil surges on Middle East turmoil ahead of jobs report
▼ + stars: | 2024-10-03 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Traders are watching rising risks to oil supplies as tensions in the Middle East escalate. US oil spiked 5.5% to $73.98 a barrel and Brent prices rose more than 5% to trade at $77.86. If the conflict destroys Iran's oil infrastructure, oil prices could surge 161% to over $200 a barrel, according to SEB's chief commodities analyst Bjarne Schieldrop. AdvertisementInvestors are eagerly awaiting the September jobs report, due Friday, for further signs of labor market health. Markets are pricing in a 65% chance of a smaller 25 basis point cut in November, according to the CME FedWatch Tool.

Persons: Friday's nonfarm, Biden, —, Joe Biden, retaliating, Biden's, Brent, Bjarne Schieldrop, Economists, Jensen Huang, Blackwell Organizations: Traders, Service, Dow Jones, Nasdaq, Treasury, Israel, Labor Department, Federal Reserve, Costco Locations: Israel, Iran

☆ A US Navy missile that just scored its first kill this year got another workout against Iranian weapons
▼ + stars: | 2024-10-03 | by ( Jake Epstein | ) www.businessinsider.com time to read: +3 min

US Navy warships defending Israel from Iran's missile attack on Tuesday fired SM-3 interceptors. The SM-3 scored its first-ever kill while defending Israel in April from an Iranian bombardment. AdvertisementThe US Navy warships that engaged a massive barrage of Iranian ballistic missiles in defense of Israel on Tuesday fired SM-3 interceptors, a weapon that scored its first-ever kill earlier this year. Two destroyers operating in the Eastern Mediterranean Sea fired around a dozen interceptors at the Iranian missiles, a number of which were shot down. A Navy official confirmed to Business Insider on Thursday that the destroyers fired the Standard Missile 3, or SM-3, during the battle.

Persons: —, Navy Carlos Del Toro, Hassan Nasrallah, Ismail Haniyeh, Bill Urban, USS Cole, USS Bulkeley Organizations: Service, US Navy, Tuesday, Navy, Business, Combat, USNI, US, White House, US Naval Forces Locations: Israel, Iran, China, Tehran, US Naval Forces Europe, Africa

☆ Stock markets today: Indexes slip as jobless claims rise ahead of highly anticipated jobs report
▼ + stars: | 2024-10-03 | by ( Kelly Cloonan | ) www.businessinsider.com time to read: +3 min

Indexes edged lower Thursday as investors assessed jobless claims and geopolitical tensions. On Friday, investors will get a fresh labor market update from the September nonfarm payrolls report. AdvertisementUS stocks inched lower on Thursday, fueled by an uptick in jobless claims ahead of a key jobs report and continued tensions in the Middle East. Analysts say the report will likely have a big influence on both markets and the Fed in the coming weeks. Advertisement"We think a soft employment report is likely to generate a larger market response vs a strong labor report," Bank of America analysts said in a Wednesday report.

Persons: —, Israel Organizations: Service, Labor Department, Israel, Federal, Bank of America, Trump, RBC Locations: Iran

☆ Stock futures are little changed as Wall Street awaits September jobs report: Live updates
▼ + stars: | 2024-10-03 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

U.S. stock futures were flat on Thursday night as traders looked ahead to the widely anticipated release of September's jobs report on Friday morning. S&P 500 futures and Nasdaq 100 futures were also unchanged. These moves came after the major averages ended Thursday's trading session with losses. U.S. oil futures climbed about 5% Thursday, weighing on the major averages. Indeed, all three major averages are already on pace for weekly losses.

Persons: Dow Jones, Barbara Doran, I'd, it's, Doran Organizations: New York Stock Exchange, Dow Jones, Nasdaq, International Longshoremen's Association, United States Maritime Alliance, Dow, BD8 Capital Partners Locations: New York City . U.S, U.S, East, Iran, Israel

☆ U.S. crude oil rises for third day as traders fear Middle East escalation that disrupts supplies
▼ + stars: | 2024-10-03 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

U.S. crude oil prices rose nearly 2% on Thursday for a third consecutive session of gains, as the market braces for Israel to retaliate against Iran. The risk of oil supply disruptions increases as fighting in the Middle East intensifies, but OPEC+ is sitting on a large amount of spare crude that could step into the breach, according to Claudio Galimberti, chief economist at Rystad Energy. U.S. crude oil has gained 5% this week. "That would add a significant risk premium to oil," he told CNBC's "Street Signs Europe." As a consequence, oil prices could surge to $200 per barrel if Israel hits Iran's oil infrastructure, he said.

Persons: Claudio Galimberti, Galimberti, Bjarne Schieldrop, Schieldrop, CNBC's Organizations: Rystad Energy Locations: Israel, Iran, OPEC, Swedish, Strait, Hormuz

☆ Nvidia bucks the market, and oil jumps on fears of how Israel may respond to Iran's missile attack
▼ + stars: | 2024-10-03 | by ( Matthew J. Belvedere | ) www.cnbc.com time to read: +4 min

Markets: U.S. stocks were lower Thursday as Wall Street extends Tuesday's sharp selloff, which was triggered by concern over Iran's missile attacks on Israel. Wall Street will be parsing the government's jobs numbers for their implications on future Fed interest rate cuts. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jensen Huang, Huang, Blackwell, Gordon Haskett, Sundar Pichai, Pichai, Jim Cramer's, Jim Organizations: CNBC, . Markets, Dow, Nasdaq, Constellation Brands, Modelo, Corona, Constellation, Nvidia, Blackwell, Club, Home Depot, Media, Microsoft, Constellation Energy, Jim Cramer's Charitable Locations: Israel, U.S, Orange

☆ One of Iran's most advanced missiles made an appearance in its massive attack on Israel
▼ + stars: | 2024-10-03 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

Iran said it fired its new Fattah missile during the attack against Israel on Tuesday. The medium-range ballistic missile is one of the most advanced in Iran's arsenal. AFP via Getty ImagesThe Fattah-1 is a medium-range ballistic missile considered one of the most advanced in Iran's arsenal. In April, Iran launched a much larger barrage overall with around 170 attack drones, 30 cruise missiles, and 120 ballistic missiles. Still, some of the Iranian missiles managed to impact on land, although they did not appear to cause significant damage.

Persons: —, Hassan Nasrallah, Ismail Haniyeh, Shaan Shaikh, Farzin, Chen Junqing, Shaikh Organizations: Israel, Service, Islamic Revolutionary Guard Corps, Business, Getty, Missle, Center for Strategic, International Studies, The Washington Institute for Near East, Getty Images, Institute for, AP, American, Iranian Locations: Iran, Tehran, Israel, Iranian, AFP, Jerusalem, Xinhua

☆ Israel is weighing up how to strike back against Iran. Here's how it could play out.
▼ + stars: | 2024-10-03 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +6 min

Global stocks dipped again on Thursday, while oil prices rose further as markets braced for a wider regional war in the Middle East. "He has been advocating for hitting Iran and for the United States to target Iran. There are several potential targets Netanyahu may be considering:Iran's oil facilitiesOne target could be Iran's oil production facilities. Oil prices spiked for a third day on Thursday, fueled by speculation that the growing conflict could limit production. With oil prices rising, there are fears that the industrial recession the US economy is experiencing could snowball into a full-fledged downturn.

Persons: —, Benjamin Netanyahu, Netanyahu's, Netanyahu, Sen, Lindsey Graham of, Biden, Piper Sandler, Jake Oubina, Axios, Beni Sabti, Ayatollah Ali Khamenei, Chris Doyle, Naftali Bennett, Bennett, Gen Herzi Halevi, Farzan, Sabet, Israel's Organizations: Service, Experts, Central, Politics, Deakin University, Iran, Financial Times, Reuters, Brent, West Texas, Fox Business, Institute of National Security, Iran's Revolutionary Guard, Council, Guardian, US, Military, Global Governance Centre, Geneva Graduate Institute Locations: Israel, Iran, Middle East, Australia, United States, Lindsey Graham of South Carolina, Tel Aviv, British

☆ Iran’s existing deterrent against Israel striking has collapsed, says David Albright
▼ + stars: | 2024-10-03 | 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 EmailIran’s existing deterrent against Israel striking has collapsed, says David AlbrightDavid Albright, Institute for Science and International Security founder and president, joins 'Squawk Box' to discuss the fallout from Iran's ballistic missile attack on Israel, what the appropriate response from Israel should be, state of Iran's nuclear capability, and more.

Persons: David Albright David Albright Organizations: Institute for Science, International Security Locations: Israel

☆ October surprises are piling up, but a toss-up race seems impervious to shocks
▼ + stars: | 2024-10-03 | by ( Stephen Collinson | ) edition.cnn.com time to read: +14 min

The trio of tests facing Harris comes with potential economic, political and humanitarian consequences if the administration errs. And the new scrutiny of Trump’s behavior after the 2020 election could cause some voters to again question his fitness for the Oval Office. Former President Donald Trump speaks during a campaign event at Dane Manufacturing in Waunakee, Wisconsin, October 1, 2024. NONE OF THIS HAPPENED WHILE I WAS PRESIDENT!” Trump wrote on Truth Social on Tuesday. But Trump has already tried to manipulate the tragedy for political gain, accusing Biden of “sleeping” following the storm.

Persons: Donald Trump, Kamala Harris, Biden, Hurricane Helene, Trump, Jack Smith, ’, Harris, Kamil Krzaczynski, Trump’s, ” Smith, Smith, ” Trump, Steven Cheung, JD Vance couldn’t, Augusta Mayor Garnett Johnson, Brendan Smialowski, Joe Biden, Helene, Amir Cohen, Hassan Nasrallah, Benjamin Netanyahu’s, Netanyahu’s, Netanyahu, “, ”, There’s, egging Netanyahu, Spencer Platt, “ Donald Trump …, Still, Mandel Ngan, they’ve, Brian Kemp, ” Biden, we’re Organizations: CNN, Oval, Dane Manufacturing, Getty, Trump, ”, Radical Democrats, Republican, Augusta, Democratic, White, Reuters, Wednesday, Democratic Party, Port, International Longshoremen’s Association, Biden, Republican Party, GOP, Raleigh Emergency Operations Center, Pentagon, National Guard, Georgia Republican Gov Locations: Hurricane, Waunakee , Wisconsin, AFP, Meadowbrook, Augusta , Georgia, Iran, Israel, United States, Tehran, Russia, Ukraine, Ashkelon, Lebanon, Gaza, Islamic Republic, Washington, Michigan, New York, Newark, Staten Island , New York, Gulf Coast, Raleigh , North Carolina, Georgia, North Carolina

☆ Why Iran relies on ballistic missiles to threaten its adversaries
▼ + stars: | 2024-10-03 | by ( Paul Iddon | ) www.businessinsider.com time to read: +7 min

"Iran uses ballistic missiles as a replacement for aircraft," a regional expert said. Iran used more ballistic missiles than the 120 it launched during its April barrage, its first direct attack on Israel. Iran has also shown a preference for firing ballistic missiles against less-defended targets closer to home. Since 2017, Iran has also used its ballistic missiles against ISIS in Syria, following terrorist attacks in Iran and, on one occasion, alleged militant targets in Pakistan. In January 2024, Tehran even used ballistic missiles to destroy a businessman's residence in neighboring Iraqi Kurdistan.

Persons: —, Nicholas Heras, Sebastien Roblin, Roblin, Institute's Heras, Heras Organizations: Service, Israel, US Navy, New Lines Institute, Ballistic, ISIS, Islamic Revolutionary Guard Corps, Israeli Air Force, Iranian, West Bank, Patriot Locations: Iran, Israel, Tel Aviv, Jordan, Iraq, Syria, Pakistan, Iranian, Tehran, Iraqi Kurdistan, AFP Iran, East, Russia

Unlike the southern suburbs and other parts of the country, there was no warning to evacuate this Shia-majority neighborhood. Families fleeing the central Beirut strike on Thursday streamed into the mosque’s grounds. But I don’t have the energy to be displaced again.”The Mostafa family from the southern Beirut suburbs share three mattresses amongst themselves amid the mosque’s looming colonnades. Israel’s war cabinet said it aimed to repatriate 60,000 people displaced by Hezbollah’s rocket fire in the country’s northern-most territory. Mahdi had fled his home in the southern Beirut suburbs to west Beirut and was taking a job around his old campus.

Persons: Israel, Israel –, cradled, Mohammad al, Amin, Joseph Campbell, ”, Fatima, Mostafa, Mostafa Mostafa, “, Mahdi, “ They’re, Hadeel Organizations: Lebanon CNN, Islamic Health Authority, Hezbollah, Families, Reuters, CNN, American University of Locations: Beirut, Lebanon, Israel, Gaza, Iran, American University of Beirut

☆ Russia is likely trying to exploit the conflict in the Middle East to expand its influence, war experts say
▼ + stars: | 2024-10-03 | by ( Thibault Spirlet | ) www.businessinsider.com time to read: +6 min

AdvertisementThe Kremlin is likely trying to exploit the conflicts in the Middle East to expand its own influence, according to military experts. Wall Street's main indexes opened lower again on Thursday amid persistent worries that hostilities in the Middle East could escalate. Advertisement"Russia clearly benefits from the war in the Middle East, at least since it distracts global attention from Ukraine," he added. AdvertisementRussia "wants to appear relevant in the Middle East but not getting sucked in ongoing conflicts," he said. It said it was trying, through these efforts, to regain major influence on Middle Eastern and Eastern Mediterranean gas sales, especially liquefied natural gas.

Persons: —, Hezbollah's, Hassan Nasrallah, Mikhail Bogdanov, Israel, Anatoly Viktorov, Sergey Lavrov, Vladimir Putin, Alexander Libman, Mark N, Katz, doesn't, It's Organizations: Service, Russian, Israel, Lebanese, Israel Defense Forces, TASS, Washington Institute for Near, Policy, Free University of Berlin, George Mason University, Reuters, Jamestown Foundation Locations: Israel, Iran, Russia, Lebanon, Ukraine, Tehran, Red, Iraq, Syria, Palestinian, Eastern

☆ A trifecta of global crises could snarl supply chains and increase prices
▼ + stars: | 2024-10-03 | by ( Eliza Relman | ) www.businessinsider.com time to read: +9 min

The dockworkers' strike threatens supply chains, while Hurricane Helene caused costly damage. Devastation from Hurricane Helene, a dockworkers' strike, and escalating conflict in the Middle East all threaten to scramble supply chains and inflate prices. How much the strike impacts prices depends on how much of a cushion companies have built to deal with any bottlenecks. Bottlenecks also encourage carriers to raise their prices, increasing retail and consumer goods prices, Kent said. The hurricane has also disrupted some supply chains, including healthcare supplies and high-purity quartz needed for semiconductor manufacturing.

Persons: Helene, —, Israel ramped, Douglas Kent, Dockworkers, dockworkers, Morgan Stanley, Kent, Fazili, Lauren Saidel, Baker, she's, Biden, Hurricane Helene, Adam Kamins Organizations: Service, Association for Supply Chain Management, JPMorgan, National Economic, Biden, ITR, International Longshoremen's Association —, United States Maritime Alliance, Homeowners Locations: Israel, Iran, Hurricane, Lebanon, Maine, Texas, East Coast, Gulf, Kent, West Coast, North Carolina, Florida

Israel has vowed to respond with violent force to Iran’s ballistic missile attack. Could Israel seek to target Iran's oil facilities and even its nuclear sites? One thing is clear, an Israeli official told NBC News on Wednesday — the country will retaliate swiftly. Prime Minister Benjamin Netanyahu and Israel’s military and intelligence leaders were meeting at the defense ministry to discuss what this might look like. The last time Iran fired missiles at Israel six months ago, Washington persuaded Israel to hold back from a major response.

Persons: Israel, Benjamin Netanyahu, Rosh HaShana, António Guterres, Guterres, Masoud, ”, Netanyahu, obliterating, Hassan Nasrallah Organizations: NBC News, Israel, Hamas Locations: Israel, United States, Iran, Tehran, Gaza, Palestinian, Lebanon, Washington

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