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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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GOP Hawks Push Biden Towards Military Action Against Iran
President Biden is calibrating a response to a drone strike on a US base in Jordan, perpetrated by an Iranian-backed militia in Iraq, which killed three US service personnel - The first US fatalities from military action since October 7, 2023.
- Biden released a statementpledging to, "hold all those responsible to account at a time and in a manner our choosing," but is under pressure from Republican foreign policy hawks - who argue that targeted strikes have failed to contain the conflict or deter Iran’s clients - to take direct military action against Iran.
- Senator Roger Wicker (R-MI) said: “We must respond to these repeated attacks by Iran and its proxies by striking directly against Iranian targets and its leadership.”
- Rep Mike Rogers (R-AL) said Biden’s, “fear of escalation has morphed into a doctrine of appeasement.”
- Senate Minority Leader Mitch McConnell (R-KY) said: "The United States [must impose] serious, crippling costs — not only on front-line terrorist proxies, but on their Iranian sponsors...”
- Senator Lindsey Graham (R-SC) said: “I am calling on the Biden administration to strike targets of significance inside Iran, not only as reprisal for the killing of our forces, but as deterrence against future aggression.”
- The Biden admin believes a negotiated ceasefire between Israel and Hamas is the most credible route to containing the conflict. During a one-week pause in November, attacks on US forces reduced significantly.
- Israeli prime minister Benjamin Netanyahu said US-led talks in Paris yesterday on a two-month ceasefire-hostage exchange were “constructive,” but cautioned that “significant gaps” remained. Talks will continue this week.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.