Israel and Iran tensions: Four ways the conflict could end
The conflict between Israel and Iran has many investors on edge. Alpine Macro Chief Geopolitical Strategist Dan Alamariu shares four ways he thinks the conflict could end and what it would take for the US to become involved militarily.
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Wall Street Journal
40 minutes ago
- Wall Street Journal
Stocks Hover Near Records, Oil Prices Recover Some Ground
With the Israel-Iran cease-fire holding, stocks hung near record levels on Wednesday. Major indexes finished mixed. The S&P 500 was unchanged and Nasdaq Composite edged up 0.3%, leaving both within 1% of their all-time highs. The Dow Jones Industrial Average fell 0.2%, or around 107 points, to 42982.
Yahoo
41 minutes ago
- Yahoo
CNN Says It Stands '100% Behind' Correspondent Natasha Bertrand After Donald Trump Calls For Her Firing
After Donald Trump again attacked CNN and singled out correspondent Natasha Bertrand for her reporting on an early intel assessment of the Iran bombings, the network has responded by saying it stands '100% behind' her and her work. CNN was the first outlet to report on a Defense Intelligence Agency assessment that the U.S. bombing strikes on Iran Saturday likely set the country's nuclear program back only by months. The network made it clear in the story that it was a preliminary assessment. Other outlets, including The New York Times, the AP, Reuters and NBC News, followed up with similar reports. More from Deadline Donald Trump Lashes Out After CNN And Other Outlets Report On Intel That U.S. Bombings Only Set Back Iran's Nuclear Program By A Few Months Hours After Lashing Out At NBC News, Donald Trump Talks To Network About 'Unlimited' Israel-Iran Ceasefire Judge's "Fair Use" Ruling In Favor Of Anthropic Is Likely Just The Start Of Lengthy Copyright Battles Over AI Training Models Bertrand covers the Pentagon and national security for the network. 'We stand 100% behind Natasha Bertrand's journalism and specifically her and her colleagues' reporting of the early intelligence assessment of the U.S. attack on Iran's nuclear facilities,' the news network said in a statement. 'CNN's reporting made clear that this was an initial finding that could change with additional intelligence. We have extensively covered President Trump's own deep skepticism about it. 'However, we do not believe it is reasonable to criticize CNN reporters for accurately reporting on the existence of the assessment and accurately characterizing its findings, which are in the public interest.' Trump press secretary Karoline Leavitt appeared to confirm the existence of the intelligence assessment in a statement she released on Tuesday, while taking issue with its findings. But Trump and his allies seem to be attacking CNN for merely reporting on the assessment, even claiming that such reports are demeaning the members of the military who carried out the strikes. Earlier on Wednesday, Trump wrote on Truth Social, 'Natasha Bertrand should be FIRED from CNN! I watched her for three days doing Fake News. She should be IMMEDIATELY reprimanded, and then thrown out 'like a dog.' She lied on the Laptop from Hell Story, and now she lied on the Nuclear Sites Story, attempting to destroy our Patriot Pilots by making them look bad when, in fact, they did a GREAT job and hit 'pay dirt' — TOTAL OBLITERATION! She should not be allowed to work at Fake News CNN. It's people like her who destroyed the reputation of a once great Network. Her slant was so obviously negative, besides, she doesn't have what it takes to be an on camera correspondent, not even close. FIRE NATASHA!' The White House issued a release, titled 'CNN Spews Fake News Based on Leaked Low-Confidence Intel.' Included was a statement from the Defense Intelligence Agency saying, 'This is a preliminary, low confidence report and will continue to be refined as additional intelligence becomes available. We are working with the appropriate authorities to investigate the unauthorized disclosure of classified information.' At a press conference at the NATO summit on Wednesday, Trump called on CNN's Kaitlin Collins, telling her 'you really should say how great our soliders and our warriors are.' 'I think everyone appreciates our soldiers and our warriors,' Collins said, before asking him two questions. Trump said that they have 'collected additional intelligence. We've also spoken to people who have seen the site, and the site it obliterated. And we think everything nuclear is down there. They didn't take it out.' Best of Deadline Everything We Know About 'My Life With The Walter Boys' Season 2 So Far Everything We Know About The 'Reminders of Him' Movie So Far Everything We Know About The 'Hunger Games: Sunrise On The Reaping' Movie So Far
Travel Weekly
an hour ago
- Travel Weekly
Airlines are circumventing Iranian airspace despite ceasefire
Travelers heading to the Gulf states and beyond can expect prolonged travel times if airlines continue to avoid Iranian airspace despite an Iran-Israel ceasefire. On June 25, airspace was open throughout Iran and the Middle East, but flight-tracking app Flightradar24 showed that airlines, with very few exceptions, continued to circumnavigate Iran, opting instead to travel north over Turkey or south over Egypt and Saudi Arabia. Airlines that are most notably impacted include the Gulf carriers, especially Emirates and Qatar Airways, noted Ian Petchenik, Flightradar24 director of communications. Air India is another impacted carrier. The airline briefly suspended all Europe and North America flying amid the Middle East conflict early last week. U.S. flights resumed on June 25, with Air India flying over Saudi Arabia instead of taking its normal northerly course over Iran. Air India already couldn't fly over Pakistan because that country closed its airspace to Indian carriers earlier this year. U.S. carriers already weren't allowed to fly over Iran under a longstanding FAA directive. Under that same directive, foreign carriers operating codeshares with U.S. airlines also can't fly over Iran. Additional flight times when connecting west with east via the southerly Egypt/Saudi Arabia route are typically 45 to 90 minutes, Petchenik said, depending upon the jet stream. The large number of flight-path adjustments that airlines are taking to avoid Iran, which is more than twice the size of Texas, is leading to congestion across the northerly and southerly alternative routes. That's a concern, said Petchenik, but he added that air traffic control entities in the impacted regions seem to be handling the situation effectively. John Grant, senior analyst for the airline data tracker OAG, said that the carriers now using the Egypt/Saudi Arabia alternative leave ample turn times on both ends of their routes, which affords them some flexibility. "They appear to be keeping to schedule," Grant said. Emirates delivered a similarly positive message. The United Arab Emirates and Qatar briefly closed their airspaces when Iran retaliated against the U.S. with a June 23 missile attack on the U.S.'s Al Udeid Air Base in Qatar. In a statement the following day, Emirates said that it had been able to quickly activate its contingency plan, and that only a few flights had longer flight paths due to airspace congestion. Much less clear is the effect that the Iran-Israel/U.S. conflict will have on travel demand in the Middle East. Tel Aviv airport resumed operations on Tuesday, though U.S. airline flights to Israel are suspended. So is United's Newark-Dubai service. "It's too early to say if there are any changes in traveler sentiment to connect via the Middle East super hubs, but as the situation hopefully settles, those hubs are as good as any place to connect," Grant said. On an Aviation Week podcast, executive editor of commercial aviation Jens Flottau said that a short-term demand dip across the region is to be expected. But he also noted that flyers tend to have short memories, and that demand would likely bounce back quickly if the situation in the Middle East becomes more secure.
