Free Trial

SECURITY: Tensions Remain High As Middle East Braces For Israeli Strike On Iran

SECURITY

Tensions in the Middle East remain at multi-month highs as Israel expands its ground operation in Lebanon, continues extraterritorial strikes on Iran's proxies, and remains tight-lipped about its response to Iran's ballistic missile strike. 

  • Oil markets spiked on a headline from Israel's Channel 14: "Biden asked not to attack nuclear or oil facilitiesin Iran, Netanyahu responded that it is a historic opportunity."
  • Israeli Defense Minister Yoav Gallant said yesterday that Israel's response to Iran would be "lethal, precise and, above all, surprising."
  • Reuters reports: "Gulf states are lobbying Washington to stop Israel from attacking Iran's oil sites because they are concerned their own oil facilities could come under fire from Tehran's proxies if the conflict escalates."
  • However, there is little confidence that the Biden administration is capable, or willing, to apply leverage on Israel to steer a non-escalatory response to Iran. The US State Department yesterday appeared to support the legitimacy of Israel's operation against Hezbollah and continues to approve an Israel response to Iran, despite warning against striking Iran's oil or nuclear infrastructure.
  • CNN reportsthat Israel's security cabinet will vote Thursday on its response to Iran.
  • Reportsof Israel striking positions occupied by United Nations peacekeepers in Southern Lebanon this morning are likely to push relations between Israel and the UN to a new low.
  • NBC reports that the IDF said it killed two Hezbollah commanders in Syria, a sign that the conflict remains a multi-front war with Iran's proxies.
237 words

To read the full story

Close

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.

Tensions in the Middle East remain at multi-month highs as Israel expands its ground operation in Lebanon, continues extraterritorial strikes on Iran's proxies, and remains tight-lipped about its response to Iran's ballistic missile strike. 

  • Oil markets spiked on a headline from Israel's Channel 14: "Biden asked not to attack nuclear or oil facilitiesin Iran, Netanyahu responded that it is a historic opportunity."
  • Israeli Defense Minister Yoav Gallant said yesterday that Israel's response to Iran would be "lethal, precise and, above all, surprising."
  • Reuters reports: "Gulf states are lobbying Washington to stop Israel from attacking Iran's oil sites because they are concerned their own oil facilities could come under fire from Tehran's proxies if the conflict escalates."
  • However, there is little confidence that the Biden administration is capable, or willing, to apply leverage on Israel to steer a non-escalatory response to Iran. The US State Department yesterday appeared to support the legitimacy of Israel's operation against Hezbollah and continues to approve an Israel response to Iran, despite warning against striking Iran's oil or nuclear infrastructure.
  • CNN reportsthat Israel's security cabinet will vote Thursday on its response to Iran.
  • Reportsof Israel striking positions occupied by United Nations peacekeepers in Southern Lebanon this morning are likely to push relations between Israel and the UN to a new low.
  • NBC reports that the IDF said it killed two Hezbollah commanders in Syria, a sign that the conflict remains a multi-front war with Iran's proxies.