War Financial News

As May approaches, so does the next federal holiday, Memorial Day, a solemn occasion observed on the last Monday of the month. This year, on Monday, May 27, communities across the United States will come together to honor and remember the brave individuals who made the ultimate sacrifice while serving in the country's Armed Forces.

Israel's war cabinet was set to meet for the third time in three days on Tuesday, an official said, to decide on a response to Iran's first-ever direct attack, amid international pressure to avoid further escalating the conflicts in the Middle East. Military chief of staff Herzi Halevi had promised that Saturday night's launch of more than 300 missiles, cruise missiles and drones from Iran into Israeli territory «will be met with response», but gave no details. While the attack caused no deaths and little damage, thanks to the air defences and countermeasures of Israel and its allies, it has increased concerns that violence rooted in the Gaza war is spreading, and fears of open war between the long-time foes.

Brent to $92.18 last week -its highest since October. But prices retreated on Monday after Iran's attack on Israel over the weekend proved to be less damaging than anticipated. Brent crude futures for June delivery last rose five cents, or 0.1 per cent, to $90.15 per barrel while US crude for May gained 14 cents, or 0.2 per cent, to $85.55.

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

New Delhi: Veteran air warrior Squadron Leader (retd) Dalip Singh Majithia, who joined the Indian Air Force during the tumultuous years of World War II and distinguished himself as a «fearless aviator» during his career, has died. He was 103. The centenarian, who had «over 1,100 flying hours to his name», including missions in aircraft such as Hurricanes and Spitfires, passed away at Uttarakhand's Rudrapur in the early hours of Tuesday, IAF sources said. He was affectionately called 'Maji' by his fellow air warriors. Sqn Ldr Majithia's leadership skills were forged and tested in the crucible of war, they said.

TEL AVIV—Israel’s military has long followed a clear policy: When enemies hit us, we strike back so hard they won’t do it again. That deterrence is no longer working. Iran, after launching a massive missile-and-drone attack on Israel over the weekend, is threatening to strike again if Israel retaliates.

While the advisory industry must contend with a “human capital crisis,” some advisors are stepping up to the plate to try to fix the problem.

Kremlin reacted coolly on Tuesday to French President Emmanuel Macron's call for a truce in international conflicts during the Paris Olympics, saying Ukraine might use it as an opportunity to regroup and rearm. Suspending armed conflicts under an «Olympic truce» is a longstanding tradition, and Macron said in an interview on Monday that he would work towards achieving one when Paris hosts the Summer Games from July 26 to Aug. 11. Asked about this, Kremlin spokesman Dmitry Peskov said that both President Vladimir Putin and the Russian military had «noticed that, as a rule, the Kyiv regime uses such ideas, such initiatives to try to regroup, to try to rearm, and so on and so forth».

Alex Garland’s provocative “Civil War” didn’t only ignite the discourse

German Chancellor Olaf Scholz has told Chinese leader Xi Jinping who hosted him in Beijing that Russia’s full-scale invasion of Ukraine threatens global security, in an apparent call for China to apply greater pressure on its neighbor to end the war

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.

Iran temporarily closed its nuclear facilities over «security considerations» in the wake of its massive missile and drone attack on Israel over the weekend, the head of the UN's atomic watchdog said Monday. Speaking to journalists on the sidelines of a UN Security Council meeting, International Atomic Energy Agency (IAEA) chief Rafael Grossi was asked whether he was concerned about the possibility of an Israeli strike on an Iranian nuclear facility in retaliation for the attack. «We are always concerned about this possibility. What I can tell you is that our inspectors in Iran were informed by the Iranian government that yesterday (Sunday), all the nuclear facilities that we are inspecting every day would remain closed on security considerations,» he said.

Cold War II: The world needs to minimize hot eruptions in West Asia Sullivan was to travel to India earlier this year in February but because of the global crisis in Ukraine and West Asia, the annual review meeting on iCET was rescheduled. "Due to ongoing events in the Middle East, NSA Sullivan has postponed his trip to India this week," a US embassy spokesperson said.

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.

Middle East after Israel's military chief said his country would respond to Iran's weekend missile and drone attack amid calls for restraint by allies. Brent futures for June delivery rose 46 cents, or 0.5%, to $90.56 a barrel by 0005 GMT. U.S. crude futures for May delivery rose 43 cents, or 0.5%, to $85.84 a barrel.

Israeli military renewed warnings on Monday for Palestinians not to return to northern Gaza, a day after witnesses and medical officials said Israeli troops opened fire and killed five people among throngs of displaced residents trying to walk back to their homes in the devastated area. Hundreds of thousands of Palestinians were driven from the north after Israeli forces first launched their offensive there soon after Hamas' Oct. 7 attack on southern Israel. In the months of fighting since, vast parts of the north have been flattened, including much of Gaza City. After months of Israeli restrictions on aid to the north, some 300,000 who remained there are on the brink of famine, according to the United Nations. Still, many Palestinians have wanted to go back, saying they are sick of the conditions they endured in displacement. For months, families have been crammed into tent camps, schools-turned-shelters and homes of relatives throughout the south of the Gaza Strip. Some also fear remaining in Rafah, Gaza's southernmost town, as Israel says it plans to attack it eventually to root out Hamas.

Dune 3, stirring excitement among fans. Director Villeneuve recently disclosed that the upcoming installment, Dune 3, will draw inspiration from Frank Herbert's 1969 book, Dune Messiah.

Reserve Bank of India announced new steps for rupee-settled global trades, Russian banking major Sberbank said it has seen an uptick in volumes for rupee-rouble payments for Moscow’s imports, with the lender focusing on drawing more foreign clients to the domestic market. “Sberbank offers its corporate clients a convenient way of carrying out settlements in rupees and roubles. Sberbank has now become the main channel for such payments on Russian import operations, with volumes up by seven times last year compared to 2022. More and more companies are taking advantage of it, recognising the attractions of this means of payment,” Anatoly Popov, deputy chairman of the executive board of Sberbank, said exclusively to ET. In July 2022, the RBI said that it would put in place an additional arrangement for invoicing, payment and settlement of exports and imports in rupees. The step, taken in the aftermath of the Ukraine war, was aimed at supporting the increasing interest of global trading in rupees, the central bank said.

Gold rate today: Israel-Iran war continues to fuel gold prices despite US dollar rate touching 34-year high against Yen The dollar experienced a 0.1 per cent uptick, while 10-year Treasury yields reached a five-month peak. These movements were spurred by data indicating that U.S. retail sales surpassed expectations in March, providing further evidence of a robust end to the first quarter for the economy.

Crude oil prices can hit $100 a barrel if Iran-Israel tensions escalate, say experts “Crude oil dipped around $85 after Israel successfully defended itself from Iran's large-scale air attack over the weekend, and the US underlined its desire to prevent a larger Middle East conflict. The Iranian strike did minimal damage in Israel.

With the Solana (SOL) price having dropped by around 5% on Monday as macro headwinds come in, traders are questioning whether the token might be able to recover from its recent crash.