Syria Financial News

Also Read: Oil prices decline amid Israel-Hamas peace negotiations, Fed rate cut hopes As of now, Brent crude futures have seen a modest increase of 0.26% in April, while WTI crude futures have experienced a slight decline of 0.55%. Crude prices surged sharply in mid-April, reaching their highest level since October, driven by Iran's unprecedented attack on Israel in retaliation. This was seen as a response to a suspected Israeli strike on the Iranian Consulate in Damascus, Syria, earlier in the month.

Turkey’s state-run news agency has reported that a court sentenced a Syrian woman to life in prison for a deadly explosion on a busy shopping district in Istanbul in 2022

WASHINGTON—Donald Trump claims that neither the Oct. 7 Hamas attack on Israel nor Russia’s full-scale invasion of Ukraine would have happened on his watch, and that the world was an oasis of calm and stability when he was president. The reality was more complicated.

Changpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, should serve 36 months in prison after pleading guilty to violating laws against money laundering, U.S. prosecutors said in a court filing on Tuesday. Zhao, who is expected to be sentenced on April 30 in Seattle, stepped down as Binance's chief last November, when he and the exchange admitted to the violations, and the firm agreed to a penalty of $4.32 billion.

Iraq at a military base in Syria housing a US-led coalition, according to Iraqi security forces. In response, the Iraqi forces launched a major search operation in northern Nineveh province and found the vehicle used in the attack, they said in a statement. It is the first major attack against the coalition forces in several weeks.

Israel demonstrated its military dominance over adversary Iran in its apparent precision strikes that hit near military and nuclear targets deep in the heart of the country, meeting little significant challenge from Iran's defences and providing the world with new insights into both militaries' capabilities. The international community, Israel and Iran all signalled hopes that Friday's airstrikes would end what has been a dangerous 19-day run of strikes and counterstrikes, a highly public test between two deep rivals that had previously stopped short of most direct confrontation. The move into open fighting began April 1 with the suspected Israeli killing of Iranian generals at an Iranian diplomatic compound in Syria. That prompted Iran's retaliatory barrage last weekend of more than 300 missiles and drones that the US, Israel and regional and international partners helped bat down without significant damage in Israel. And then came Friday's apparent Israeli strike. As all sides took stock, regional security experts predicted that Prime Minister Benjamin Netanyahu's far-right government and the country's allies would emerge encouraged by the Israeli military's superior performance. In response to international appeals, however, both Israel and Iran had appeared to be holding back their full military force throughout the more than two weeks of hostilities, aiming to send messages rather than escalate to a full-scale war.

Baghdad: Iraqi authorities said Saturday that they were investigating an explosion that struck a base belonging to the Popular Mobilization Forces, a coalition of Iran-allied militias, killing one person and injuring eight. Militia officials had initially described the explosion at the Kalsu military base north of Babylon — a former US base that was handed over to the Iraqi military in 2011 — as an airstrike, blaming it on US forces. The US Central Command denied in a statement that it had carried out any airstrikes in Iraq.

the fighting. Both sides pummel the enemy with cheap kamikaze models and use long-range craft to strike targets far from the front lines. In the Black Sea Ukrainian naval drones have helped to inflict serious damage on Russia’s fleet.

NBC News. Follow Iran-Israel war LIVE Updates here He added that Iran was not planning to respond unless Israel launches a significant attack. "As long as there is no new adventurism by Israel against our interests, then we are not going to have any new reactions," Amirabdollahian was quoted as saying.

Iran activated 's air defenses across multiple locations after loud explosions were heard near an airport and military base in the city of Isfahan, according to Iranian state media reports. The blasts come just days after Iran allegedly launched over 300 drones and missiles at targets in Israel last Saturday, prompting the Israeli military to launch a bombing campaign against Gaza.

missile attack for now," Iran's space agency spokesman Hossein Dalirian said on X. Dalirian added, “Until this moment, there has been no air attack from outside the borders to Isfahan or other parts of the country, and they have only made a failed and humiliating attempt to fly quadcopters, and the quadcopters have also been shot down." The Fars news agency said “three explosions" were heard near the Shekari army airbase near Isfahan. Earlier in the day, according to a senior US official cited by ABC News, Israel conducted missile strikes against Tehran early on Friday morning local time, Reuters reported.

Popular Solana meme coin DogWifHat (WIF) posted seven-day depreciation of as much as 50% in 24 hours by the morning of Thursday, April 18, according to data by CoinGecko, although its intraweek losses have since slowed to about 31% as of this writing.

Amid ongoing military conflict between Iran and Israel, financial markets globally have caught in a turmoil. Over the weekend, Iran launched a massive attack on Israel using hundreds of drones and missiles in what it called a response to a strike on its consulate in Syria. The geopolitical tensions in the Middle East have created jitters among investors who are now looking to stay away from riskier assets and taking refuge in gold due to its safe-haven appeal.

Also Read: Iran's crude oil output up 20% in 2 years at 3.3% of global supply: What does this mean for the Iran-Israel proxy war? The region comprises five of the top ten oil-producing countries. Saudi Arabia holds the top position as the largest producer in the region and ranks as the world's second-largest oil producer, contributing over 12% of the global crude output. Iran is another major producer in the region with a global share of 3.3% and home to vast oil resources.

Iran's attack on Israel, an immense barrage that included hundreds of ballistic missiles and exploding drones, changed the unspoken rules in the archrivals' long-running shadow war. In that conflict, major airstrikes from one country's territory directly against the other had been avoided. Given that change in precedent, the calculus by which Israel decides its next move has also changed, said the Israeli officials who requested anonymity to discuss Iran.

Treasury Secretary Janet Yellen is warning of potential global “economic spillovers” from rising tensions in the Middle East

Moscow, Apr 16, 2024 -Russian President Vladimir Putin warned that further escalation in the Middle East could have «catastrophic consequences,» during a phone call with his Iranian counterpart Ebrahim Raisi, the Kremlin said Tuesday. «Vladimir Putin expressed hope that all sides would show reasonable restraint and prevent a new round of confrontation fraught with catastrophic consequences for the entire region,» the Kremlin said in a readout of the call. The situation in the Middle East grew even tenser over the weekend when Iran and its allies launched a barrage of over 300 missiles, drones and rockets at Israel.

New York to Mumbai and from Mumbai to London, respectively, on April 13 and April 14 above the Persian Gulf and Gulf of Oman when the shadow of a conflict between Iran and Israel loomed large, showed data by Flightradar24, a website that tracks flights. Iran attacked Israel over the weekend, firing at least 300 drones and missiles. Iran’s military assault was expected for days after tensions between the two countries ratcheted up on April 1, when fighter jets struck a building that is part of the Iranian Embassy at Damascus in Syria.

DUBAI—Saudi Arabia and other oil-rich Persian Gulf states have tried to avoid taking a position on America’s geopolitical rivalries in recent years, staying neutral in the Ukraine war and building ties with China. With Israel and Iran in open conflict, they might be forced to choose a side. Saudi Arabia and the United Arab Emirates struggled to stay on the sidelines when it became clear last week that Iran would attack Israel in retaliation for a strike in Syria that killed senior Iranian military officers.

Day trading guide for stock market today: The Indian stock market witnessed sharp selling for the second day in a row on Monday as global equity bias continues to remain weak on the rising Iran-Iran conflict. The Nifty 50 index crashed 246 points or 1.10 percent and closed at the 22,272 level, the BSE Sensex tanked 845 points or 1.14 percent and finished at the 73,399 mark whereas the Bank Nifty index nosedived 791 points or 1.63 percent and ended at 47,773 level.

Investors are well aware that every war heightens uncertainty. It entails risks that are hard to price, as they defy probability estimates. A recency bias, however, must not get the better of us on the disruptive potential of hostilities in West Asia, where Israel’s night-sky was lit up on 13 April by the flares of aerial strikes by Iran in retaliation to an attack on its consulate in Syria.