Israel Financial News

U.S. stocks are drifting near their record levels

A year of war in the Gaza Strip has reverberated across the West Bank, where the World Bank warns the economy is at risk of collapse because of Israeli restrictions barring Palestinian laborers from entering the country to work and the biggest wave of ...

While the crypto market receded on Wednesday, the Memebet ($MEMEBET) token presale remains largely unaffected, having now reached $350,000 in funding.

Middle East after Iran attacked Israel with barrage of missiles on Tuesday night. While Israel has vowed to make Iran «pay» for firing missiles at its territory, Tehran warned on Wednesday it would launch an even bigger attack if it is targeted. A full-scale war between the two countries will not bode well for India's energy security as India imports a large part of its oil and gas from the region. Oil prices climbed more than 3% on Wednesday as Israel and the United States vowed retribution over Iran's biggest ever direct attack on Israel, Reuters reported. With Israel also ordering more soldiers into Lebanon to battle Iran-backed militant group Hezbollah, the conflict has rapidly intensified with little sign of de-escalation despite international pleas. That has sent oil prices surging, with Brent futures up $2.26, or 3.07%, to $75.82 a barrel. US West Texas Intermediate (WTI) crude jumped $2.38, or 3.42%, to $72.22 by 1320 GMT. Both crude benchmarks on Tuesday surged more than 5% before closing around 2.5% higher. A full-blown war can cause a big spurt in crude oil prices. India imports most of its oil and gas and higher prices will impact inflation as well as economic growth.

Iran's Supreme Leader Ayatollah Ali Khamenei warned Hezbollah leader Syyed Hassan Nasrallah to flee Lebanon days before he was killed in an Israeli strike and is now deeply worried about Israeli infiltration of senior government ranks in Tehran, three Iranian sources said. In the immediate aftermath of the attack on Hezbollah's booby-trapped pagers on Sept. 17, Khamenei sent a message with an envoy to beseech the Hezbollah secretary general to leave for Iran, citing intelligence reports that suggested Israel had operatives within Hezbollah and was planning to kill him, one of the sources, a senior Iranian official, told Reuters. The messenger, the official said, was a senior Iranian Revolutionary Guards commander, Brigadier General Abbas Nilforoushan, who was with Nasrallah in his bunker when it was hit by Israeli bombs and was also killed.

Subscribe to enjoy similar stories. India could brace for trade and stock market shocks, costlier crude and shipping, fewer jobs for Indians in West Asia and a drag on growth momentum, experts said, as Iran’s direct attack on Israel and the latter’s missile strikes on neighbouring Lebanon spark fears of an all-out conflict. A vulnerable point for the Indian economy, which imports nearly 85% of its crude oil requirement, is energy security, but experts remained optimistic about global powers stepping in to contain the crisis and limit damage to trade and economy.

Subscribe to enjoy similar stories. TEL AVIV—Israel was reviewing the damage Wednesday from roughly 180 missiles fired a day earlier by Iran, some of which hit the country’s densely populated center and a few military bases, an aerial attack that has escalated a yearlong conflict in the Middle East. Israel said its air defenses intercepted most of the missiles alongside a coalition of U.S.-led allies, including the U.K, but a number of projectiles successfully penetrated the country’s vaunted aerial defense system.

Subscribe to enjoy similar stories. Financial markets remain vulnerable to a sharp correction, the Bank of England warned Wednesday as a twice-yearly survey found that geopolitical developments are seen as the greatest threat to stability. The BOE’s Financial Policy Committee has repeatedly warned that valuations of many financial assets, particularly equities, are “stretched" and could fall sharply in response to economic or geopolitical shocks.

Hezbollah chief Hassan Nasrallah and Iranian commander Nilforoshan as well as Hamas leader Ismail Haniyeh? Prime Minister of Israel Benjamin Netanyahu on Wednesday said that Iran made a big mistake, and it would pay for it. It is clear that Israel is going to strike Iran hard, and many think it could be targeted assassinations as well as air strikes. Israel’s war cabinet has not decided exactly what form the response will take, Axios reported, and wants to first discuss its options with the United States. “We have a big question mark about how the Iranians are going to respond to an attack, but we take into consideration the possibility that they would go all in, which will be a whole different ball game,” an Israeli official told Axios. Naftali Bennett, a former Israeli prime minister, has urged Israel to attack “destroy [Iran’s] nuclear project, destroy their major energy facilities and critically hit this terrorist regime.” Any Israeli strike on Iranian nuclear sites can potentially be dangerous as Iran's nuclear capabilities are not fully known even though it denies it has any nuclear weapon. Any such strikes by Israel can prompt similar tit-for-tat strikes by Iran.

Sam is a financial journalist with a focus on cryptocurrency market news, based in London. With a Master’s Degree in Development Management from the London School of Economics, Sam’s passion for...

Subscribe to enjoy similar stories. The latest strikes by Iran on Israel must be viewed beyond the lens of a simple military offensive. Any attempts to contain a more belligerent Iran will also require the US to exert greater influence over Israel's actions.

Subscribe to enjoy similar stories. European and Gulf airlines said they are adjusting flight routes and grounding planes as tensions in the Middle East escalate after Iran launched a barrage of missiles at Israel. Carriers including Etihad Airways, Qatar Airways and Deutsche Lufthansa are among the companies that changed their routes and schedules, as the industry monitors the situation in the Middle East.

Iran launched a missile strike on Israel in retaliation for the assassination of Hezbollah leader Hassan Nasrallah. The attack, which occurred just hours before the U.S. vice-presidential debate between Democrat Tim Walz and Republican JD Vance, heightened global anxieties. Former U.S. President Donald Trump wasted no time in blaming President Joe Biden and Vice President Kamala Harris for what he described as a dangerous escalation, claiming their policies have brought the world to the brink of World War III. Trump asserted that under his administration, there was no war in the Middle East, Europe, or Asia, and inflation was under control. He lambasted Biden and Harris, stating, «You wouldn’t trust Joe or Kamala to run a lemonade stand, let alone lead the Free World.» He went on to claim that the current administration has led to the «threat of war raging everywhere.» Accusing Harris of being weak on foreign policy, Trump suggested that Iran wants her to remain in power as they «can take advantage of America.» He stated that if he were still president, the current conflicts, including the Ukraine-Russia war and the Afghanistan withdrawal, would not have occurred. «If Kamala gets four more years, the world goes up in smoke,» he warned.

Subscribe to enjoy similar stories. The Saudi oil minister has said that prices could drop to as low as $50 per barrel if so-called cheaters within OPEC+ don’t stick to agreed-upon production limits, according to delegates in the cartel.

Catch all LIVE Updates on Israel-Iran war news hereJapan's new Prime Minister Shigeru Ishiba said Wednesday that missile attacks by Iran on Israel were "unacceptable", warning against an escalation into "full-on war"."Iran's attack is unacceptable. We condemn this strongly.

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

JD Vance, Republican Donald Trump's pick as his vice presidential running mate, squared off against Minnesota Governor Tim Walz, who Democrat Kamala Harris tapped to be her No. 2, in a nationally televised debate on Tuesday. The debate is likely the final one of the 2024 presidential campaign, potentially giving it some additional weight ahead of the Nov. 5 election. Here are some takeaways from the event in New York:

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

U.S. stocks pulled back from their records after a sharp escalation of tensions in the Middle East raised worries about potential disruptions to the flow of oil

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...