logo
Mapping the Israel-Iran Conflict

Mapping the Israel-Iran Conflict

New York Times5 hours ago

June 16, 2025, 6:47 p.m. ET
Helene CooperEric Schmitt and
News Analysis
Fordo nuclear site
Deep inside a mountain,
Fordo is said to contain close
to 3,000 sophisticated centrifuges
in two enrichment halls.
IRAN
Support
building
Tunnel
entrances
Security perimeter
Fordo nuclear site
IRAN
Deep inside a mountain,
Fordo is said to contain close
to 3,000 sophisticated centrifuges
in two enrichment halls.
Support
building
Tunnel
entrances
Security perimeter
Fordo nuclear site
Deep inside a mountain,
Fordo is said to contain close
to 3,000 sophisticated centrifuges
in two enrichment halls.
IRAN
Support
building
Tunnel
entrances
Security perimeter
Iran's most heavily fortified nuclear site, Fordo, was built deep inside a mountain to protect it from an attack. Only the U.S. military has the 30,000-pound bomb capable of even reaching it.
The bomb is commonly known as a 'bunker buster' because it is designed to destroy deep underground bunkers, or well-buried weapons in highly protected facilities. It is believed to be the only air-delivered weapon that would have a chance of destroying the site.
The bomb has a much thicker steel case and contains a smaller amount of explosives than similarly sized general-purpose bombs. The heavy casings allow the munition to stay intact as it punches through soil, rock or concrete before detonating.
Its size — 20 feet long and 30,000 pounds — means that only the American B-2 stealth bomber can carry it.
Conventional wisdom has been that Israel can't destroy Fordo on its own. The United States has blocked Israel from getting the bunker buster, and while Israel has fighter jets, it has not developed heavy bombers capable of carrying the weapon.
But Israel can come close by hitting more accessible power generation and transmission plants that help run the facility, which contains Iran's most advanced centrifuges, military officials said.
In conjunction with Israel's aerial bombardment of Iran, going after the Fordo-adjacent plants could significantly slow down the ability of Iran's most protected nuclear facility to keep enriching uranium.
The Israel Defense Forces and covert operatives could also look for other ways to disable the site, including destroying the entrance to it.
Attacking Fordo is central to any effort to destroy Iran's ability to make nuclear weapons. In March 2023, the International Atomic Energy Agency reported that it had discovered uranium that had been enriched to 83.7 percent purity in Fordo — close to the enrichment level, 90 percent, necessary for nuclear weapons.
Iran, which is a signatory to the Nuclear Nonproliferation Treaty, has maintained that its nuclear program is for peaceful purposes.
The U.S. Air Force is moving refueling tankers, aircraft and additional warplanes to support any additional American operations in the Middle East, U.S. officials said.
But President Trump has not, at the moment, moved to reverse years of American policy on providing Israel with the bunker buster bombs.
'We've had a policy for a long time of not providing those to the Israelis because we didn't want them to use them,' said Gen. Joseph Votel, who was commander of U.S. Central Command during Mr. Trump's first term. Instead, the United States viewed its bunker buster bomb largely as a deterrent, a national security asset possessed only by America, but not one that, if made available, might encourage Israel to start a war with Iran.
Iran built the centrifuge facility at Fordo knowing that it needed to bury it deep to prevent it from being attacked. In 1981, using F-15 and F-16 fighter jets, Israel bombed a nuclear facility near Baghdad as part of its effort to stop Iraq from acquiring nuclear weapons. That facility was above ground.
'The Iranians fully understood that the Israelis would try to get inside their programs and they built Fordo inside of a mountain a long time ago to take care of the post-Iraq problem' presented by the 1981 strike, said Vali Nasr, an Iran expert who is a professor at Johns Hopkins University.
Over the years, the Israelis have cooked up a variety of plans to attack Fordo in the absence of U.S.-supplied bunker busters. Under one of those plans, which they presented to senior officials in the Obama administration, Israeli helicopters loaded with commandos would fly to the site. The commandos would then fight their way inside the facility, rig it with explosives and blow it up, former U.S. officials said.
Israel successfully mounted a similar operation in Syria last year when it destroyed a Hezbollah missile production facility.
But Fordo would be a much more dangerous endeavor, military officials said.
American officials say now that Israel has gained air supremacy over much of Iran, Israeli attack planes could circle over Fordo and render it inoperable, at least temporarily, but not destroy it.
'The Israelis have sprung a lot of clandestine operations lately, but the physics of the problem remain the same,' said Gen. Kenneth F. McKenzie Jr., who was in charge of the Iran war plans when he ran the Pentagon's Central Command after General Votel. 'It remains a very difficult target.'
David A. Deptula, a retired three-star Air Force general who planned the American air campaigns in Afghanistan in 2001 and in the 1991 Persian Gulf War, agreed that Israel has options that would not require American help.
For example, Israeli special forces 'could insert/apply or otherwise use a variety of means to disable the facility,' he said.
Yechiel Leiter, Israel's ambassador to the United States, hinted at those options on Sunday on ABC News's 'This Week.'
'We have a number of contingencies, which will enable us to deal with Fordo,' he said. 'Not everything is a matter of taking to the skies and bombing from afar.'
Even if Mr. Trump were to authorize American B-2 stealth bombers to drop the 30,000-pound bombs, General McKenzie said, there would be several technical, highly classified challenges in coordinating such a strike with Israel.
A decision to use the American bunker busters would also have huge international consequences, General Votel said. For one, there could be nuclear contamination from such a bombardment that could endanger civilians.
'I think there would also certainly be fallout internationally over the idea that the United States joined Israel in what would be viewed as an illegal attack on the sovereignty of Iran,' General Votel added.
And Iran could widen its retaliation to U.S. troops and other American targets in the region and beyond, military analysts say. The United States would be back on war footing in the region.
Mr. Trump has made clear that he has little interest in more military misadventures in the region, and he is seeking not to alienate a noninterventionist wing of supporters firmly opposed to more U.S. involvement in a Middle East war.
Adam Entous contributed reporting.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Why 'Big Short' investor Steve Eisman thinks the Israel-Iran conflict is good news for markets
Why 'Big Short' investor Steve Eisman thinks the Israel-Iran conflict is good news for markets

Yahoo

time10 minutes ago

  • Yahoo

Why 'Big Short' investor Steve Eisman thinks the Israel-Iran conflict is good news for markets

The Israel-Iran conflict could be a positive for the stock market, Steve Eisman says. "The Big Short" investor said it would be a "disaster" if Iran developed and shared nuclear weapons. Eisman thinks markets are now focusing on how the conflict is impeding nuclear proliferation. Famed investor Steve Eisman said sees a silver lining to the conflict between Israel and Iran, which has rattled markets as it stretches into its fifth day on Tuesday. The investor, best-known for his bet against the US housing market preceding the 2008 financial crisis, said he believed developments unfolding between the two nations were potentially "extremely positive" for the stock market and the world. That's because he believes that, had there been no conflict between Israel and Iran this month, Iran would be closer to developing a nuclear weapon, Eisman said. That could result in other countries in the region gaining access to nuclear weaponry or building up nuclear weapons in response, which would have been a "disaster," he told CNBC on Tuesday. "And unfortunately Iran is run by, the only way you can call it is a death cult," Eisman said. "So, getting rid of a death cult anywhere on planet earth, I think, is a very positive thing, especially when that death cult is close to getting nuclear weapons." Eisman said he believed markets have started to digest the positive implications of the conflict. US stocks sank and oil prices spiked shortly after Israel first attacked Iran, but the market reaction has been more muted since, despite tensions creeping higher. US stocks were relatively flat on Tuesday, despite President Donald Trump leaving the G7 summit early to deal with conflict in the Middle East and stating on Truth Social that everyone "should immediately evacuate Tehran." "Now it's focused on it," he said of the latest market reaction to recent developments. "I think it's potentially unbelievably positive." Eisman's comments on conflicts in the Middle East have previously drawn criticism. Last year, Eisman was placed on leave from Neuberger Berman after he posted on X that the world was "celebrating" the death toll in Gaza. Eisman later wrote that the post was a "mistake" and deleted his X account. Eisman added that while the Israel-Iran conflict could ultimately be a positive for markets, the potential for a wider trade war from Trump's tariffs is one big thing he's worried about. "If we reach deals with all these countries and there's no trade war, I'm very positive on the US economy long-term, and I would be very positive on the market. If there's a trade war, chances are we go into a global recession," he said. Read the original article on Business Insider Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Israel-Iran conflict poses three challenges for stocks that could slam market by up to 20%, warns RBC
Israel-Iran conflict poses three challenges for stocks that could slam market by up to 20%, warns RBC

Yahoo

time11 minutes ago

  • Yahoo

Israel-Iran conflict poses three challenges for stocks that could slam market by up to 20%, warns RBC

Amid the tragedy of the Israel-Iran conflict, stocks are proving stoic. Futures early Monday, as the missile attacks continued, showed the S&P 500 once again reclaiming the 6,000 mark. That's only about 2% shy of the record high struck in February. However, there are three possible ways that the Middle East conflagration may still negatively effect the equity market, according to Lori Calvasina, head of U.S. equity strategy research at RBC Capital Markets. Israel-Iran clash delivers a fresh shock to investors. History suggests this is the move to make. 'I prepaid our mom's rent for a year': My sister is a millionaire and never helps our mother. How do I cut her out of her will? These defense stocks offer the best growth prospects, as the Israel-Iran conflict fuels new interest in the sector 'He failed in his fiduciary duty': My brother liquidated our mother's 401(k) for her nursing home. He claimed the rest. My friend is getting divorced. Her husband offered to sign over their house. What's he hiding? The first concern is an adverse impact that the Israel-Iran escalation could have on the multiples that investors are prepared to apply to stocks, says Calvasina in a note published late Sunday. 'Similar to what we see with economic policy uncertainty, when national security policy uncertainty rises, P/Es for the S&P 500 have tended to contract,' she says. P/Es refers to the share price to earnings multiples of a stock, or price-to-earnings. Calvasina reckons this factor is particularly important now because the S&P 500's P/E multiples didn't even get cheap during the tariff-induced market tantrum of March and April, and have quickly retuned to levels that are well above long-term averages. Consequently, the fresh Middle East conflict 'comes at a time when stocks should be vulnerable to bad news from a valuation perspective,' she says. The second issue is the damage the heightened geopolitical tension may wreak upon investor, consumer and business sentiment — which have been showing signs of healing recently after the trade war scare. According to Calvasina: 'These inflections in sentiment, which have been stronger on the investor side than the consumer and small business side, have been a key driver of the recent rally in stocks.' For example, nascent optimism about initial public offerings, and mergers and acquisitions, could falter if market volatility spikes. And Calvasina notes that corporate transcripts have shown in the past how other events like the Los Angeles fires, bad weather and the flu are said to impact consumer behavior, and she thinks it's likely investors will be reading about the Middle East tension in future earnings calls. The final factor is the impact rising oil prices may have on inflationary pressures. RBC's commodity strategists see further significant upside for Brent crude BRN00, the international benchmark, if a material disruption to oil supply occurs in the Middle East. This could muddle the Federal Reserve's inflation outlook, a problem for stocks given one support for the market has been expectations of rate cuts later in the year and into 2026. Indeed, RBC's valuation model suggests that higher headline inflation would be a drag on P/E multiples. The bank's newest valuation stress test took personal consumption expenditure price index inflation (the Fed's favored measure) up to 4%, applied just two 25 basis point Fed rate cuts for the rest of 2025, and assumed 10-year Treasury yields BX:TMUBMUSD10Y were around current levels, just below 4.45%, until the end of the year. '[D]epending on what EPS is used, this stress test points to fair value for the S&P 500 at the end of 2025 in the 4,800-5,200 range, near the bottom of our 2nd tier of fear and a retest of the early-2025 lows,' says Calvasina. The S&P 500 SPX closed Friday at 5,977. U.S. stock-indices SPX DJIA COMP are higher as benchmark Treasury yields BX:TMUBMUSD10Y rise. The dollar index DXY is lower, while oil prices CL.1 slip back and gold GC00 is trading around $3,415 an ounce. Key asset performance Last 5d 1m YTD 1y S&P 500 5976.97 -0.39% 0.31% 1.62% 10.04% Nasdaq Composite 19,406.83 -0.63% 1.02% 0.50% 9.71% 10-year Treasury 4.439 -3.90 -1.50 -13.70 15.30 Gold 3438.4 2.74% 6.38% 30.28% 47.34% Oil 72.5 10.89% 16.65% 0.88% -9.31% Data: MarketWatch. Treasury yields change expressed in basis points Need to Know starts early and is updated until the opening bell, but to get it delivered once to your email box. The emailed version will be sent out at about 7:30 a.m. Eastern. Israel and Iran have continued to trade attacks for a fourth day, though oil prices gave back their early-Monday gains. The Treasury will announce the result of a $13 billion 20-year bond auction at 1:00 p.m. China has refused to approve export of specific rare earth materials used in U.S. weapons systems, according to reports. A man suspected of shooting two state Democratic lawmakers was arrested late Sunday. Not paying a couple of hundred bucks for patent protection may cost Novo Nordisk DK:NOVO.B NVO billions. Kering shares FR:KER are jumping 10% on reports the luxury-goods company behind Gucci, Yves Saint Laurent and other brands, has lured Renault's chief executive to run the company. Sarepta Therapeutics shares SRPT are diving by more than a third after the company reported a second case of acute liver failure resulting in death from taking Elevidys. Red vs. Blue is dividing stock portfolios like never before. Trump says he decides what 'America First' means. They asked an AI chatbot questions. The answers sent them spiraling. Perspective is always required in markets. Jay Kaeppel, senior market analyst at SentimenTrader, says traders can see whatever they want to see in a chart, depending on its duration. 'Case in point — Crude Oil. Are you in the 'WHOA' crowd or the 'Meh' crowd? (BTW: The market doesn't care either way),' he wrote on X. Here were the most active stock-market tickers on MarketWatch as of 6 a.m. Eastern. Ticker Security name TSLA Tesla NVDA Nvidia GME GameStop PLTR Palantir Technologies AAPL Apple MLGO MicroAlgo AMD Advanced Micro Devices TSM Taiwan Semiconductor Manufacturing AMZN NEON Neonode Bruce, MLBs bat retriever. British pubs have their own set of rules. Here's what you need to know, besides returning your glasses after you've done drinking. The secret psychology of dogs and cats: do we ever really know what they are thinking? For more market updates plus actionable trade ideas for stocks, options and crypto, . My husband is in hospice care. Friends say his children are lining up for his money. What can I do? My mother-in-law thought the world's richest man needed Apple gift cards. How on Earth could she fall for this scam? My second wife says her 2 kids should inherit our estate, but I also have 2 kids. Is that fair? 'I'm not wildly wealthy, but I've done well': I'm 79 and have $3 million in assets. Should I set up 529 plans for my grandkids? 'It might be another Apple or Microsoft': My wife invested $100K in one stock and it exploded 1,500%. Do we sell?

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store