Dallas Fed: Global recession ‘seems unavoidable’ if Russian sanctions continue
The Dallas Federal Reserve is warning that ongoing sanctions against Russia will lead to a global recession.
The Dallas Federal Reserve is warning that ongoing sanctions against Russia will lead to a global recession.
US Ambassador to Israel Tom Nides said on Thursday Israel won’t be faced with any American restrictions if it wishes to act against Iran, whether or not a nuclear deal is signed between Tehran and world powers.
The United States on Wednesday announced sanctions against Iranian defense companies after a spate of ballistic missile attacks on targets in Iraq, Saudi Arabia, and the United Arab Emirates.
Top foreign diplomats from Israel, the United Arab Emirates, Morocco, Bahrain, Egypt and the United States on Monday convened to focus on their common enemy of Iran and also to discuss peacemaking with the Palestinians.
At their historic summit in the Israeli Negev town of Sde Boker on Monday, the top diplomats of Israel, the US and four Arab nations announced that the conference would be the first iteration of a permanent regional forum, as they reaffirmed the importance of growing ties between Israel and the broader Middle East.
The foreign ministers of four Arab countries joined US Secretary of State Antony Blinken for a historic conference in Israel focused on the development of the Abraham Accords and the mutual threat of Iran.
In what will be a first for Israel, the country was poised to host a summit between US Secretary State Antony Blinken, the foreign ministers of the United Arab Emirates, Bahrain, and Egypt, and Foreign Minister and Prime Minister-designate Yair Lapid starting Sunday. The two-day summit, to be held at Kibbutz Sde Boker in the Negev Region, is the initiative of Lapid.
The US and Israel are committed to ensuring that Iran does not acquire a nuclear weapon, US Secretary of State Antony Blinken said at a Sunday press conference in Jerusalem, as the allies acknowledged differences over negotiations with Tehran.
The Saudi-led coalition carried out airstrikes in Yemen early on Sunday after the country’s Houthi rebels called a three-day truce and offered a permanent ceasefire, Saudi media said.
The U.S. State Department announced new sanctions on entities and individuals located in Russia, North Korea, and China in the wake of the Hermit Kingdom’s launching a long-range ballistic missile Thursday, weeks after the U.S. warned of new Pyongyang tests.
The foreign ministers of Iran and Syria, two allies of Russia, discussed the war in Ukraine and other developments during a meeting in Damascus on Wednesday. Syria‘s top diplomat said Moscow is defending its people.
The State Department said on Tuesday it welcomed an unprecedented summit between Israel, Egypt, and the United Arab Emirates.
Two Iranian drones shot down over Iraq last month by American fighter jets were set to explode in Israeli territory, the defense establishment has confirmed.
Iran’s supreme leader on Monday signaled support for Tehran’s nuclear negotiations to secure sanctions relief, a rare reference to the still-halted talks, as world powers near a diplomatic turning point.
Israeli leaders are concerned the US may be planning to remove Iran’s Islamic Revolutionary Guard Corps (IRGC) from its terrorist blacklist as part of a deal to revive the 2015 Iranian nuclear deal.
As the Biden administration prepares to sign a final deal with Iran that has been lambasted by numerous experts as nothing short of a major appeasement of the Islamic regime, Washington is now also weighing the removal of Iran’s Islamic Revolutionary Guard Corps (IRGC) from a terror blacklist in return for a public commitment from Iran to de-escalation in the region.
Russia’s invasion of Ukraine has thrown the global energy market into a state of turmoil, forcing the U.S. and Europe to look for substitutes for Russian oil and gas. In that process, the Biden administration has turned to Iran as a potential supplier — just two months after effectively killing an Israeli pipeline project that would have supplied natural gas to Europe.
Russia’s top state-controlled energy company is set to cash in on a $10 billion contract to build out one of Iran’s most contested nuclear sites as part of concessions granted in the soon-to-be-announced nuclear agreement that will guarantee sanctions on both countries are lifted.
Iran has more than 3,000 ballistic missiles, many of which can reach the State of Israel, commander of the United States Central Command Gen. Kenneth McKenzie said on Tuesday.
Russia’s Foreign Minister Sergey Lavrov said Tuesday that Moscow had received guarantees from the US on its ability to trade with Tehran as part of ongoing talks to salvage the Iran nuclear deal.