Middle East
As Netanyahu vows Iran payback, markets watch for dangers of further escalation
Israel’s Iron Dome anti-missile system intercepts rockets, as seen from Ashkelon, Israel, October 1, 2024 Amir Cohen | Reuters Israel’s government has vowed a severe response to Iran’s unprecedented missile barrage into Tel Aviv, leaving the Middle East on edge as fears rise over a possible all-out war between the two long-time foes. On Tuesday […]
Read More
Saudi Arabia slashes growth forecasts, sees wider budget deficits
Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia cut its growth forecasts and raised its budget deficit estimates for the fiscal years 2024 to 2026, looking ahead to a period of higher spending and lower projected oil revenues. Real gross domestic product is now expected to grow 0.8% this year, a dramatic […]
Read More
Iran’s response to Israel will be a choice between revenge and survival. Markets say it’s choosing survival
Iran’s Supreme Leader Ayatollah Ali Khamenei waves before voting in the country’s presidential election, in Tehran, Iran July 5, 2024. Office Of The Iranian Supreme Le | Via Reuters Iran’s powerful proxy network across the Middle East is being dealt blow after blow from Israel, which has dramatically escalated fighting with Lebanese militia group Hezbollah […]
Read More
Israel pounds Lebanon, pressuring Hezbollah after killing its leader
Smoke rises from Israeli airstrike locations on September 29, 2024 in the southern suburbs of Beirut, Lebanon. Daniel Carde | Getty Images News | Getty Images Israel struck multiple targets in Lebanon on Sunday, pressing Iran-backed Hezbollah with more attacks after it struck a huge blow by killing the group’s leader Sayyed Hassan Nasrallah. The […]
Read More
Israel strikes Beirut suburb, Nasrallah’s fate unclear after Friday’s massive attack
Residents check the damaged in the aftermath of overnight Israeli bombardment in Beirut’s southern suburbs, on September 28, 2024. Anwar Amro | Afp | Getty Images Israel launched airstrikes on Beirut’s southern suburbs and other areas of Lebanon on Saturday, a day after carrying out a massive attack on Hezbollah’s headquarters that appeared to be […]
Read More
Israel says it struck Hezbollah’s headquarters as huge explosions rocked Beirut
Smoke rises from Israeli airstrikes in Beirut, seen from Baabda, Friday, Sept. 27, 2024. AP The Israeli military said Friday it carried out an airstrike on the central headquarters of Hezbollah in Beirut, where a massive explosion leveled buildings in a southern district, sending clouds of orange and black smoke billowing in the skies. The […]
Read More
OPEC is highly bullish on long-term oil demand growth. Not everyone agrees
The sun sets beyond crude oil storage tanks at the Juaymah tank farm at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. Bloomberg | Bloomberg | Getty Images Global benchmark Brent crude falling below $70 a barrel in early September — its lowest in […]
Read More
‘We have much more on the way, if they will continue,’ Israel’s president says as death toll from Lebanon attack tops 550
Israeli President Isaac Herzog threatened further military action against Hezbollah one day after Israel launched air strikes across Lebanon, killing more than 550 people in the country’s deadliest day in nearly two decades. It marks a dramatic escalation of hostilities between Israel and Iranian-backed Lebanese militant group Hezbollah following nearly 12 months of strikes since […]
Read More
‘Very serious escalation’: Lebanese ministers warn of a dangerous next 48 hours after pager and device attacks
Lebanon’s leadership warned that the risk of further violence and escalation is extremely high following two days of attacks involving exploding communications devices across the country. The next 48 hours, ministers told CNBC Thursday, will be particularly dangerous. On Tuesday and Wednesday, thousands of communications devices — including pagers and two-way radios — used by […]
Read More
Taiwan manufacturer rejects links to Lebanon’s exploding pager attacks, names Hungarian firm
A photo taken on September 18, 2024, in Beirut’s southern suburbs shows the remains of exploded pagers on display at an undisclosed location. – | Afp | Getty Images Taiwanese pager manufacturer Gold Apollo rejected reports that it produced the devices at the center of deadly attacks in Lebanon that killed at least 12 people […]
Read More