Israel’s Iron Dome anti-missile system intercepts rockets, as seen from Ashkelon, Israel, October 1, 2024 Amir Cohen | Reuters Israel’s government has vowed a severe response to Iran’s unprecedented missile barrage into Tel Aviv, leaving the Middle East on edge as fears rise over a possible all-out war between the two long-time foes. On Tuesday … Read more
Dockworkers strike at the Bayport Container Terminal in Seabrook, Texas, on October 1, 2024. Mark Felix | Afp | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you … Read more
More than 100 commercial airline seats have been secured for Australians trying to leave Lebanon as dire warnings continue for people to evacuate amid an escalation of conflict in the region. Flights across Monday and Tuesday carried dozens of Australians out, while another scheduled flight for Thursday will add to the tally. WATCH THE VIDEO … Read more
Riyadh, Saudi Arabia. Xavierarnau | E+ | Getty Images Saudi Arabia cut its growth forecasts and raised its budget deficit estimates for the fiscal years 2024 to 2026, looking ahead to a period of higher spending and lower projected oil revenues. Real gross domestic product is now expected to grow 0.8% this year, a dramatic … Read more
Iran’s Supreme Leader Ayatollah Ali Khamenei waves before voting in the country’s presidential election, in Tehran, Iran July 5, 2024. Office Of The Iranian Supreme Le | Via Reuters Iran’s powerful proxy network across the Middle East is being dealt blow after blow from Israel, which has dramatically escalated fighting with Lebanese militia group Hezbollah … Read more
The Israeli military said that its fighter jets “targeted and eliminated” Muhammad Hussein Srour and identified him as “the commander of Hezbollah’s air unit”. It was the fourth attack in a week targeting Iran-backed Hezbollah members. According to reports, Srur, born in 1973, was among a number of top advisers sent by Hezbollah to Yemen … Read more
Israel intercepted a missile fired by Hezbollah near Tel Aviv on Wednesday, an unprecedented attack by the militant group that reached deep into the country’s commercial heartlands and marked a new escalatory step in the conflict between the two sides. People in Tel Aviv and the central city of Netanya woke up to sirens on … Read more
The sun sets beyond crude oil storage tanks at the Juaymah tank farm at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia, on Monday, Oct. 1, 2018. Bloomberg | Bloomberg | Getty Images Global benchmark Brent crude falling below $70 a barrel in early September — its lowest in … Read more
Israeli President Isaac Herzog threatened further military action against Hezbollah one day after Israel launched air strikes across Lebanon, killing more than 550 people in the country’s deadliest day in nearly two decades. It marks a dramatic escalation of hostilities between Israel and Iranian-backed Lebanese militant group Hezbollah following nearly 12 months of strikes since … Read more
Lebanon’s leadership warned that the risk of further violence and escalation is extremely high following two days of attacks involving exploding communications devices across the country. The next 48 hours, ministers told CNBC Thursday, will be particularly dangerous. On Tuesday and Wednesday, thousands of communications devices — including pagers and two-way radios — used by … Read more
