India's Global Rise Weighed Down by Perpetual Pakistan Conflict
India and Pakistan on Wednesday hit each other with military strikes for the sixth time since 1947, when Britain pulled out of the subcontinent and both nations won independence.
During that time the two countries have acquired nuclear weapons, which simultaneously has upped the ante for any conflict while also putting a ceiling on how far tensions will escalate. That dynamic appeared to be at play in the latest clash connected to the disputed region of Kashmir, with both governments on Wednesday emphasizing the non-escalatory nature of their actions even as Pakistan warned more may be coming.
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Yahoo
40 minutes ago
- Yahoo
Trump Says Iran Wants to Talk But Israel Says Strikes Will Go On
(Bloomberg) -- US President Donald Trump said Iran wants to talk about deescalating the deadly conflict with Israel but Prime Minister Benjamin Netanyahu signaled strikes will continue. As Part of a $45 Billion Push, ICE Prepares for a Vast Expansion of Detention Space As American Architects Gather in Boston, Retrofits Are All the Rage Asked about reports that Iran wants to work toward a resolution, Trump responded 'yeah,' and added, 'they'd like to talk, but they should have done that before.' 'It's painful for both parties but I would say that Iran is not winning this war,' Trump said at the start of a meeting with Canadian Prime Minister Mark Carney at a Group of Seven leaders summit in Kananaskis, Alberta. Israeli officials have said their forces have taken control over much of the airspace over Iran and severely damaged key facilities used in its missile and nuclear programs since the assault was launched Friday, sparking fears of widening conflict in the Mideast. 'They want to stop and continue producing the weapons of death, both the nuclear weapons that threaten our existence and the ballistic missiles, but we are committed to destroying these two threats,' Netanyahu told a press conference late Monday. 'If that can be achieved in another way, please – but we gave it a chance for 60 days,' he added, referring to the period that ended with Israel's attacks Friday. The Wall Street Journal reported earlier Monday that Tehran is signaling it wants to de-escalate hostilities with Israel and is willing to resume nuclear talks with the US as long as Washington doesn't join the Israeli attacks. It cited Middle Eastern and European officials it didn't identify. A similar report by Reuters says Iran conveyed the message through Qatar, Saudi Arabia and Oman. Oil fell on the WSJ report, with Brent futures dropping around 4% after rising over 10% Friday. US Treasuries pared earlier drops and European bonds gained as traders reacted to diminishing concerns about inflation. But there was little sign either side was dialing back the conflict. Iran fired several waves of drones and missiles over the last 24 hours, while Israel continued hitting the Islamic Republic's capital, Tehran, killing one more senior military official and setting the state-television complex ablaze with a strike during a live broadcast. 'I want three main results: The elimination of the nuclear program, the elimination of the production capacity of ballistic missiles and the elimination of the axis of terror,' Netanyahu said, referring to Iran's proxies int the region. 'We will do what is necessary to achieve these goals and we are co-ordinated with the US.' The US is refusing to back a proposed Group of Seven statement urging Israel and Iran to de-escalate their conflict, people familiar with the matter said, underscoring divisions between the Trump administration and the rest of the bloc. About the same time as Trump was speaking, Iran's semi-official Mehr News Agency cited a senior security official as saying the country is prepared to deliver a 'major blow' to Israel following its recent strikes on Iranian cities and targets. Shortly afterward, air raid sirens sounded as Israel reported it had detected more missile launches. Later, authorities gave the all clear and there were no reports of new missile strikes. In a phone call with Turkish President Recep Tayyip Erdogan on Monday, Iran's President Masoud Pezeshkian reaffirmed that his country will respond to Israel's ongoing strikes with proportional retaliation. 'We do not seek to escalate the conflict, but we will respond to any attack on Iranian soil in a manner that will make them regret it,' Pezeshkian said. Since Friday, 224 people have been killed in Iran, according to the government, which said most of the casualties were civilians. Iranian attacks killed 24 people in Israel, according to the Israeli government press office, and injured 592. Israel's campaign is 'ahead of schedule,' Strategic Affairs Minister Ron Dermer said in an interview with Bloomberg Television Monday, declining to say how long it's expected to last. 'We're going to go about our operation to remove these two threats,' he said, referring to Iran's missile and nuclear programs. 'Whether Iran will decide to meet with the United States and agree to terms that they should have taken a month ago, or two weeks ago, or two months ago, you know, that's up to Iran to decide.' Trump said he didn't want to discuss deeper US military involvement when asked about it earlier Monday. So far, the US has provided military support defending Israel against missile strikes, using Terminal High Altitude Area Defense (THAAD) and Aegis anti-missile systems and aircraft targeting drones, Dermer said. Netanyahu told ABC News on Monday his military is seeking to end what he called half a century of conflict, and didn't rule out targeting Iran's Supreme Leader Ayatollah Ali Khamenei to achieve the goal. He added that it's in Washington's interest to support Israel in the mission to end Iran's nuclear program. The exchange of missile salvos between Israel and Iran is the most serious escalation after years of shadow war. Analysts fear it might push the Middle East into a regional conflict, causing wider human loss and potentially disrupting energy flows and vital trade routes. One missile landed near the US consulate in central Tel Aviv, causing minor material damage but no injuries to personnel, the ambassador to Israel, Mike Huckabee, said Monday. Many cars were crushed and buildings damaged in the area of the city where the strike happened. For Iran's government, the showdown poses an existential dilemma. It can't risk appearing weak, yet its options are shrinking. Proxy militant forces across the region, which had rallied to its support in the past, have been debilitated by Israeli action over the past 20 months. Hezbollah, the Lebanese militia the US and others designate as a terrorist group, is noticeably absent from the conflict and hasn't signaled it will start attacks on Israel. Tension between the arch-enemies erupted into full-blown conflict on Friday, when Israel attacked Iranian military and nuclear sites, and killed several top generals and atomic scientists. Since then, it has achieved air superiority over large parts of Iran, including Tehran, and degraded the ability of the Islamic Republic to defend against its strikes. Iran has countered by firing drones and ballistic missiles at the Jewish state. Israel believes Iran still has thousands of missiles left, according to National Security Adviser Tzachi Hanegbi, who spoke in an interview with Army Radio. Market sentiment at the start of the week was already less bearish before the WSJ report, with analysts betting attacks would subside in the near term. 'The market currently anticipates a limited conflict, though there is little indication that hostilities will end quickly,' said Jochen Stanzl, chief market analyst at CMC Markets. The potential for disruption of key shipping routes if strikes continue will give policymakers trying to forecast risks to inflation pause. Navigation signals from hundreds of vessels in the Strait of Hormuz and the Persian Gulf went awry over the weekend, forcing seafarers to rely on less precise mechanisms which increase the risk of collisions. Iran reported an explosion at one of its natural gas plants linked to the giant South Pars field on Saturday. While the country exports little gas and Israel appears not to have targeted its oil fields or crude-shipment facilities, the move risks pushing up global energy prices — which soared on Friday — even more. 'They will continue, while still holding off on energy export infrastructure,' said Karen Young, a senior research scholar at Columbia University's Center on Global Energy Policy. 'I think they have to feel they have demolished the nuclear program for good.' The United Nations atomic watchdog said multiple strikes on Iran's uranium-conversion facility at Isfahan, south of Tehran, resulted in serious damage. Iran's deputy foreign minister, Kazem Gharibabadi, told state television that 'we will no longer cooperate with the agency as we did before.' --With assistance from Courtney McBride, Joe Mathieu and Alberto Nardelli. American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software How a Tiny Middleman Could Access Two-Factor Login Codes From Tech Giants US Allies and Adversaries Are Dodging Trump's Tariff Threats As Companies Abandon Climate Pledges, Is There a Silver Lining? ©2025 Bloomberg L.P.
Bloomberg
an hour ago
- Bloomberg
Israel's Dermer: Want to Remove Iran's Ballistic Threat
US President Donald Trump says Iran wants to talk about de-escalating the conflict with Israel even as the two sides exchanged deadly fire for the fourth consecutive day. Israeli National Security Minister Ron Dermer, a key ally of Prime Minister Benjamin Netanyahu and his main liaison with the US, speaks with Bloomberg Television about the conflict. (Source: Bloomberg)
CNN
2 hours ago
- CNN
Ex-Israeli Defense Minister's message to Trump
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