Amanpour asks Iranian official how they will respond if US strikes
CNN's Christiane Amanpour speaks to Iranian Deputy Foreign Minister Majid Takht Ravanchi in an exclusive interview as the Israel-Iran conflict escalates.
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Yahoo
18 minutes ago
- Yahoo
Oil prices rise despite fragile ceasefire between Iran and Israel
Investors kept an eye on the Middle East on Wednesday as a fragile ceasefire between Iran and Israel appeared to hold after initial shakiness. Both sides claimed victory; Iran's president said Israel had suffered a 'historic punishment', while Israel's prime minister argued the offensive had removed 'the Iranian nuclear threat'. A new US intelligence report nonetheless found that Tehran's nuclear programme had only been set back by a few months by US strikes. Washington denied the findings of the leaked report. Early in Europe, Brent crude had risen around 1.15% to $67.91 a barrel, while WTI was 1.21% higher at $65.15. The prices suggest the market has still not fully calmed after the conflict in the Middle East, with investors continuing to monitor the shaky ceasefire. US President Trump rebuked both countries for violating the announced ceasefire on Tuesday. Related Why the Strait of Hormuz remains critical for the global economy The dollar sees a rebound after US strikes Iran, but can it continue? 'Israel, as soon as we made the deal, they came out and they dropped a load of bombs, the likes of which I've never seen before, the biggest load that we've seen,' he said. On his social media platform, Truth Social, he wrote: 'Israel, do not drop those bombs. If you do, it is a major violation. Bring your pilots home, now!' Trump claimed that neither Iran nor Israel "know what the f*** they're doing". Stocks, meanwhile, rose modestly on Wednesday. France's CAC 40 was up 0.4% at 7,647.07 in morning trading, Germany's DAX rose 0.08% to 23,660.55, the UK's FTSE 100 increased 0.35% to 8,790.03, and Italy's FTSE MIB rose 0.24% to 39,568.10. The STOXX 600 jumped 0.35% to 542.88, while the STOXX 50 rose 0.21% to 5,308.40. Looking to the US, Dow Jones futures were 0.06% higher at 43,452.00, while S&P 500 futures gained 0.05% to reach 6,149.25. In Asian trading, the Shanghai Composite index climbed 0.44% to 3,435.60, the Nikkei 225 rose 0.31% to 38,910.93, Hong Kong's Hang Seng jumped 0.78% to 24,364.79, while South Korea's Kospi was almost flat, rising 0.01% to 3,104.20. Australia's S&P/ASX 200 notched up 0.09% to 8,563.20. The US Dollar Index was up 0.13% at 97.98 although the currency has still failed to recover from losses seen earlier this year. The euro rose less than 1% against the dollar while the Japanese Yen dropped around 0.12% against its US safe-haven alternative. 'The situation in the Middle East is fluid. While the downside risks have subsided, the situation can change quickly and the balance of risks remains weighted toward higher oil prices,' said Ryan Sweet, Chief US Economist at Oxford Economics, on Tuesday. Sign in to access your portfolio
Bloomberg
20 minutes ago
- Bloomberg
Israel and Iran Both Claim Wins as Trump-Brokered Truce Holds
A fragile ceasefire between Israel and Iran that the US brokered after 12 days of fighting appeared to be holding on Wednesday, with both sides claiming victory in the war. After US President Donald Trump's expletive-laced message condemning early violations, the two Middle Eastern nations said they would honor the truce provided their counterpart did the same. No missile launches have been reported since then. Overnight, the Israeli military said it had identified two drones approaching, most likely from Iran, and they were intercepted before entering the country's territory.
Yahoo
41 minutes ago
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The invisible threat that risks devastating air travel
The escalating conflict in the Middle East poses an unseen but potentially deadly threat to planes crossing the region's airspace. Electronic warfare technology used by Iran, Israel and other players in the region is increasingly drowning out the satellite signals modern jets use to determine their positions. In turn, the risk of aircraft colliding or being shot down as they lose their GPS connections and stray off course has become heightened, aviation safety experts warn. Airlines are faced with a choice of trusting pilots to fly through affected areas or making costly diversions that could add a thousand miles and two hours to each flight. Tragedy has so far been largely averted, though the crash of an Azerbaijan Airlines plane in Kazakhstan has been linked to jamming. However, Benoit Figuet, co-founder of SkAI, which maps GPS jamming, warns the increasing prevalence of the technique is presenting fresh challenges for airlines. 'The aim of jamming is to stop the missile reaching its target, but civil aircraft use the same GPS system to navigate,' he says. 'Pilots are very concerned about the increasing risk.' Instances of disruption to navigational systems have surged since Benjamin Netanyahu's government launched its attacks on Iran 10 days ago. FlightRadar24 reported a 'dramatic increase' in interference since the US attacked Iran's underground facilities over the weekend, while SkAI said that more than 160 flights were impacted in the Persian Gulf area on June 21 alone, together with close to 90 in the skies around Israel. Civil aircraft can be sent off course in two distinct ways. Jamming at its most basic involves broadcasting a signal strong enough to drown out the weaker signatures of satellites. Since this deprives the receiver of data, the flight's pilots would generally become quickly aware of the situation. GPS spoofing is a more modern technique and involves indicating a false position for the missile or plane, leading the former to miss its target but sending the latter off course. In a recent survey of 2,000 flight crew by Ops Group, an organisation for pilots, air traffic controllers and flight dispatchers, 70pc rated their level of concern about spoofing's impact on flight safety as very high or extreme. Their biggest worries were going off course, being unable to use GPS-based landing aids, being unable to restore GPS and having to fly across the ocean without it, and receiving false ground proximity warnings, which could result in an emergency ascent and a collision. While the 'hot war' in the Middle East presents a clear threat to overflying aircraft, with the danger of a passenger plane being accidentally or deliberately targeted, the risk from the invisible conflict is likely to linger long after military exchanges cease. With Russia erecting electronic warfare systems along the length of its western border since the invasion of Ukraine more than three years ago, jamming is active along a 3,500-mile arc stretching from the Arctic Ocean to Oman. Although narrow gaps of still-open airspace have allowed airlines to carry on flying from Europe and eastern US to the Middle East, Asia and and Australia, while avoiding conflict zones, those areas have not been immune to jamming. Incidents of interference with satellite signals have been commonplace over Iraq, which provided the most popular route for flights between Europe and the Gulf until it too became a no-fly zone when Israel began its barrage against Iran on June 13. Though aircraft are continuing to fly over Turkey, the Caucasus and across central Asia to reach the Far East, SkAI's map shows that those flights are potentially exposed to intense Russian jamming activity in the southern Black Sea. The Azerbaijan Airlines crash last December involved suspected Russian jamming aimed at countering drone attacks. Having lost GPS contact, the plane was hit by shrapnel from a missile and diverted to Kazakhstan, where it came down, killing 38 of the 67 people on board. Airlines bound for the Gulf and India had been flying a much more southerly route since the start of the Israeli offensive, with flights from Europe heading south over the Mediterranean and into Egypt before turning east over Saudi Arabia, giving the war zone a wide berth. Despite that, numerous airlines abandoned services to the Gulf on Sunday following the US bombardment, with British Airways suspending flights to both Dubai and Doha, in Qatar, having already put Bahrain and Amman, in Jordan, on hold. British Airways cancelled Qatar-bound services again Monday following Tehran's attack on a US base there, but said two overnight trips to Dubai, the world's busiest international airport, would go ahead following an assessment of the security situation. Virgin Atlantic's winter-only flights to Dubai do not resume until October, while services to Riyadh, in Saudi Arabia, are continuing as normal. India flights have been diverted away from the Gulf and Iraq. The International Air Transport Association (Iata), which represents 350 airlines, highlighted the threat from jamming and spoofing at its annual meeting earlier this month, saying that instances of GPS signal loss had increased threefold between 2021 and 2024. Nick Careen, Iata's safety chief, said the typical response to spoofing right now is to reboot the system so that the plane can re-acquire its correct coordinates, though this is not possible with all models of aircraft. He also urged governments to stop airports and air traffic controllers removing ground-based navigational aids that could help guide planes in the event of satellite guidance being lost. He said: 'It doesn't take a rocket scientist to see where we're heading. To stay ahead of the threat, aviation must act together and without delay.'
