
US pulls embassy staff from parts of Middle East as threats emerge over potential Israel attack on Iran
The
US
ordered some staff to depart its embassy in Baghdad and authorised families of military service members to leave the region, officials said, after
Iran
threatened to strike American bases if it's attacked over its nuclear program.
The decision to reduce staffing in
Iraq
was 'based on our latest analysis,' according to the state department. defence secretary
Pete Hegseth
authorised family members of US military stationed across the region to leave, according to a Pentagon statement.
Neither statement cited a specific threat but the New York Post published an interview in which president
Donald Trump
said he's growing less confident about the prospects for negotiations to impose new limits on Iran's nuclear program. Iran, meanwhile, warned of retaliation against US military assets in the Middle East if the talks collapse and the Islamic Republic is attacked.
'I sincerely hope it won't come to that and that the talks reach a resolution,' Iran's defence minister Aziz Nasirzadeh said in televised remarks. 'But if they don't, and conflict is imposed on us, the other side will undoubtedly suffer greater losses. We will target all US bases in host countries without hesitation.'
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US officials have been told that Israel is ready to launch an operation into Iran, which is part of the reason why the Trump administration advised some Americans to leave the region, CBS News reported on Wednesday evening, citing multiple sources it did not name. The initial report did not offer a time frame for any operation.
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West Texas Intermediate futures surged as much as 5.2% after Reuters reported earlier that the US embassy was preparing for an ordered departure in response to heightened security risks in the region. Iraq is the second-largest OPEC producer.
Earlier in the day, the UK Navy issued a rare warning to mariners that higher tensions in the Middle East could affect shipping, including through the Strait of Hormuz. Shipping has often been risky in the Middle East, but UKMTO, which acts as a liaison between the navy and commercial shipping, rarely puts out general warnings such as this one.
'UKMTO has been made aware of increased tensions within the region which could lead to an escalation of military activity having a direct impact on mariners,' the advisory said. 'Vessels are advised to transit the Arabian Gulf, Gulf of Oman and Straits of Hormuz with caution.'
The Joint Maritime Information Center, an information sharing hub that comes under the Combined Maritime Forces, warned of heightened risks from the discord, including the possible use of missiles around chokepoints.
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Hormuz is the world's most important oil chokepoint and Iran has frequently threatened to close it during times of geopolitical strife. However, it has never done so.
Hegseth's move applies to family of service members stationed across the US Central Command area of operation, which includes most of the region, according to the statement.
'Centcom is working in close coordination with our Department of State counterparts, as well as our Allies and partners in the region to maintain a constant state of readiness to support any number of missions around the world at any time,' the Pentagon said.
Tehran says it is preparing a fresh proposal regarding its atomic activities before a sixth round in Muscat, the Omani capital, on Sunday. That 'can be used as a basis for work,' Deputy Foreign Minister Majid Takht-Ravanchi said on Tuesday, suggesting Iran is considering a temporary deal that acts as a framework while technical details — many of them highly complex — are worked on.
Trump has consistently said he wants an agreement that curbs Iran's atomic activities and that the US could strike Iran if the talks break down. Israel — which believes a nuclear-armed Iran would pose an existential threat — says it could attack Tehran, with or without US help.
Iran has long denied having plans to build a nuclear weapon. - Bloomberg
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Irish Times
43 minutes ago
- Irish Times
Pay, perks and CEO prerogatives
It's good to be a US chief executive. Their pay packages are the envy of the corporate world, averaging $16 million (€13.9 million) for the S&P 500, more than double those for the UK's FTSE 100. And tucked inside are perks that mere mortals can only dream of. Thanks to tough US disclosure rules, we know pet supplier Chewy gave boss Sumit Singh a $29.3 million wad last year that included stock, cash, $424,474 for not one but two cars and $1,007,442 of 'security services' including 'meals and incidentals' for his guards. Meanwhile, CrowdStrike CEO George Kurtz's $35 million package covers $898,426 in personal jet usage and sponsorship of a professional race car that Kurtz drives in competitions. The 2025 proxy cheerily paints this as a cost saving because it avoids 'hiring a professional driver'. Then there's Warner Bros Discovery . David Zaslav has been among America's highest paid CEOs since the company was created in a 2022 merger, and last year was no exception. He took home nearly $52 million and the gravy train included a $17,446 car allowance, $991,179 in personal security, $51,176 to cover the cost of taking personal guests to the Paris Olympics and 250 hours of personal flight time on the corporate jet worth $813,990. READ MORE Neither CrowdStrike nor Chewy has held its annual 'say on pay' vote yet, but Warner Bros Discovery has recently learned there are limits to what investors will tolerate. Last week, its advisory pay vote failed, with 59 per cent of shares voting against. The fury comes after Zaslav's pay climbed 4.4 per cent, even as the company posted an $11.5 billion loss for 2024 and its bond rating was recently cut to junk. Shares are down more than 60 per cent since the merger, and it just announced plans to break itself up. Both major proxy advisers flagged the pay package as problematic, and many investors agreed. The Warner Bros Discovery board said it took the result 'seriously' but investors in the streaming half of the business, which Zaslav will head, would do well to be wary. The directors have a history of setting bonus targets that require little effort because they fall below what the company has already achieved. Zaslav's grouchy investors remain very much the exception. So far this year, 95 per cent of the S&P 500 companies that have held 'say on pay' votes have won approval from at least 70 per cent of shares voted. This is a tad more than prior years, according to Conference Board/Esgauge data. Critics of American capitalism say this shows that shareholders are too quiescent and have allowed companies to become unchecked engines of financial inequality. But the lopsided votes could also be seen as evidence that the system is doing what investors want. Detailed disclosures and vigilant proxy advisers keep shareholders informed, down to the last dollar and, except in egregious cases, they are happy to pay up. Now even that limited accountability is under threat. SEC chairman Paul Atkins is asking whether the current compensation disclosures are 'cost-effective' and avoid 'an overload of immaterial information'. It appears to be a prelude to cutting back on the detail investors get about how bonuses are calculated and the costs of private jets and other perks. Another commissioner, Hester Peirce, last week questioned the legality of 'pass through' voting, which gives fund investors the chance to participate in 'say on pay' votes, rather than being shut out of the proxy process. Congress is seeking to rein in the influence of proxy advisers and make it harder for them to galvanise shareholders against poorly run companies. One of them, Glass Lewis, plans to encourage clients to set their own policies on pay and other proxy votes rather than rely on its recommendations. Taken together, these moves would make it that much harder for investors both to keep track of who is getting paid what and to rebel when they think a company is overpaying or rewarding failure. CEOs may find the proposals attractive – few relish becoming the next Marc Benioff, whose board at Salesforce redesigned his pay package and capped his private jet payments after losing a pay vote last year. But reducing disclosure under the guise of cutting red tape carries risks. Huge payouts and perks are hard to attack if they have been fully disclosed and ratified. Things that smack of secret self-dealing would be more vulnerable. [ John McManus: Kenny Jacobs' €374,830 salary is a soft target; the problem lies elsewhere Opens in new window ] Former Tyco CEO Dennis Kozlowski is a cautionary example. Leaks about lavish parties and corporate art purchases stoked outrage and led to a prison conviction for unauthorised bonuses. Americans may be openhanded with CEO pay but they react badly if their generosity has been abused. – Copyright The Financial Times Limited 2025


RTÉ News
3 hours ago
- RTÉ News
Thunderstorms may rain on Trump's military parade
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Irish Independent
4 hours ago
- Irish Independent
Letters: We failed to stop war in the Balkans, so why are we repeating this with Gaza?
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I note that Eric Conway finds it 'irritating in the extreme' (Letters, June 12). However, the annual celebration remains a vital expression of solidarity for a minority that suffered terribly at the hands of both church and state here until very recently. Long may Pride continue. Bernie Linnane, Dromahair, Co Leitrim De Valera's championing of the presidency should always be remembered I read with interest Thomas Garvey's letter on the presidency (June 11). The writer notes in particular that Fianna Fáil has not featured in recent presidential contests, having monopolised the office for so long. It is interesting to note that it was Éamon de Valera who created the office of president of Ireland. He did so in the face of the most virulent opposition during the debates on the introduction of Bunreacht na hÉireann in 1937. When the Constitution was debated in the Dáil, the office of the president was the single most contentious issue. It came up about 60 times and De Valera was accused of trying to impose a type of dictatorship along the lines of Hitler or Mussolini. Issues such as 'the special position of the Catholic Church' and 'women in the home' were minor by comparison. As it turned out, these fears were wild exaggerations and the office has evolved into the most respected of all our political institutions. De Valera waited until the end of his active political career before opting for the Áras – the Phoenix Park was 'the ideal paddock for the old warhorse'. Fr Iggy O'Donovan, Thomas Street, Dublin