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New Straits Times
11 hours ago
- Politics
- New Straits Times
NST Leader: US attack on Iran
ON Sunday, the United States, a nuclear-armed state, went on an unprovoked war with Iran at the behest of another nuclear-armed state led by alleged war criminal Benjamin Netanyahu. US President Donald Trump's decision to bomb three nuclear sites in Iran is a grave mistake, with even graver consequences for the rest of the world. One such unintended outcome is the closure of the Strait of Hormuz. The message of the two unprovoked wars is this: if you do not have nuclear weapons, we will attack you. North Korea's leader Kim Jong Un must be wanting to tell Iran's President Ayatollah Ali Khamenei, "I told you so". Iran signed a nuclear deal with the US and five other countries in 2015, but Trump shredded it. Iran was in the midst of negotiating another with the US when, on June 12, the bloodthirsty Netanyahu attacked Iran. There is an irony here: he doesn't want Iran to have nuclear weapons when Israel is having 90 warheads — some say 400. Why is it that a genocidal Zionist regime can have nuclear weapons and others can't? Now Trump, echoing the words of Netanyahu, is telling Iran to sign on the dotted lines at bomb-point. Is this how sovereign nations are required to negotiate international treaties from now on? We have to say this: the US, by joining Israel in its project of annihilation in the Middle East, is undermining the very foundation of international law, which it had a hand in crafting. Welcome to the New World Disorder, where the powerful dictate the rules to the less powerful. Where "might is right" thrives, justice lies interred with its bones. Prime Minister Datuk Seri Anwar Ibrahim is right in saying that Washington's involvement in the conflict that Israel started is worsening the situation. Israel's unprovoked attack on Iran is illegal and so is the US attack on Iran. What the US should have done is to stop Israel's attack on Iran, but instead it is joining the rogue state in clear breach of everything the United Nations stands for. The response from the leaders of the international community, especially from Europe, is pathetic: "Israel has the right to defend itself", they echoed each other like they were reading an ad copy crafted by Tel Aviv. Now who attacked whom? Prime Minister Keir Starmer of Britain, which has, historically, much to do with the annihilation perpetrated by Israel since its stealthy creation 77 years ago, responded, like the European leaders silenced by the Zionist regime in Tel Aviv, thus: we support the US strike on Iran. This is an unmistakable sign of nuclear-armed European nations lining up with the US and Israel to attack Iran, a non-nuclear sovereign country. Just like the unprovoked invasions of Iraq and Afghanistan, many against one. The architects of these two invasions are strutting the Earth like the hubristic Pharaoh of old. The International Criminal Court is neither allowed to investigate their alleged war crimes nor prosecute the modern-day Pharaohs for committing them. We do not know how Iran will respond, but as it says, the attacks will have "everlasting consequences". A bungling few have made the rest pick up the tab.
Yahoo
22-04-2025
- Business
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq futures climb in bid to recover from sell-off
US stock futures moved higher on Tuesday following a bruising day on Wall Street, marked by renewed criticism of Federal Reserve Chair Jerome Powell by President Trump. Futures attached to the Dow Jones Industrial Average (YM=F) climbed 0.8%. Futures for the benchmark S&P 500 (ES=F) ascended 0.7%, while futures for the tech-heavy Nasdaq Composite (NQ=F) advanced 0.8%. On Monday, stocks tanked as Trump took to social media to say that the US economy would slow unless Powell cuts interest rates now, calling the Fed Chair "Mr. Too Late" and "a major loser." Trump's comments escalated growing tensions between the president and the central bank. Last week, after Powell warned on Trump's tariffs and reiterated the Fed would take a cautious approach to reducing rates, Trump hit back with "Powell's termination can't come soon enough." For investors trying to keep up with Trump's fast-moving trade policy, the rift adds another layer of stubborn uncertainty as to where the economy could go next. On that front, the US hailed progress on a trade deal with India as US Vice President JD Vance met with Prime Minister Narendra Modi. Read more: The latest on Trump's tariffs Later on Tuesday, investors' attention will turn to Tesla (TSLA) earnings, with the EV maker set to report its results after the bell. Tesla has been contending with signs of slumping sales and waning demand as CEO Elon Musk's role in the White House rattles its brand. Tesla shares fell nearly 6% on Monday and are down nearly 44% this year. In other corporates, Verizon (VZ) shares dropped 3% in premarket trading on Tuesday after the telecom giant reported a larger-than-expected loss in wireless subscribers for Q1, hit by recent price hikes and stiff competition from rival promotions. Economic data: Richmond Fed manufacturing index (April) Earnings: Tesla (TSLA), Capital One (COF), Enphase Energy (ENPH), GE Aerospace (GE), Halliburton (HAL), Lockheed Martin (LMT), SAP (SAP), Steel Dynamics (STLD), Verizon (VZ) Here are some of the biggest stories you may have missed overnight and early this morning: 'New World Disorder': Trump's Powell attacks spook markets Stock market volatility offers 2 important lessons for investors US and India advance trade talks as Modi hosts Vance in Delhi Tesla to report earnings with brand, sales troubles in focus Strategist who called end of US exceptionalism sees no recovery US Treasurys fall as investors favor Europe's haven bonds BlackRock's Ben Powell calls for more targeted playbook in markets Copper climbs to two-week high as weak dollar boosts metals Bloomberg News reports: Copper (HG=F) climbed to a two-week high as London Metal Exchange trading resumed following the Easter break, with base metals benefiting from a recent dollar rout. A softer greenback can support industrial commodities because it makes them cheaper for buyers in other currencies. A Bloomberg gauge of the dollar dropped to a 15-month low on Monday, when the LME was on the second of a two-day trading pause for the holiday. Copper rose as much as 1.6% on Tuesday. Metals have had a turbulent April amid global trade turmoil unleashed by US President Donald Trump's sweeping import tariffs. While that threatens economic growth — and demand for metals — the dollar weakness is lending support. Read more here Asian markets fell slightly on open and wavered around the flatline as Trump continues to rail against Jerome Powell and the Federal Reserve, weakening faith in US assets and leading to a broad sell-off. Japan's Nikkei 225 (^N225) and Topix (1631.T) hovered around the baseline. South Korea's Kospi (^KS11) shed 0.3%, while the Kosdaq (^KQ11) inched lower. Australia's ASX 200 (^AXJO) slipped 0.6%, weighed down by losses across the board. Hong Kong's Hang Seng Index (^HSI) came in at 21,285, a dip of 0.5% from the previous close. Bloomberg reports: Read more here. Gold (GC=F) reached a fresh record late on Monday as President Donald Trump's continued tariff trade war shakes global stability and weakens the US dollar, pushing investors to haven assets. Bloomberg reports: Read more here. Economic data: Richmond Fed manufacturing index (April) Earnings: Tesla (TSLA), Capital One (COF), Enphase Energy (ENPH), GE Aerospace (GE), Halliburton (HAL), Lockheed Martin (LMT), SAP (SAP), Steel Dynamics (STLD), Verizon (VZ) Here are some of the biggest stories you may have missed overnight and early this morning: 'New World Disorder': Trump's Powell attacks spook markets Stock market volatility offers 2 important lessons for investors US and India advance trade talks as Modi hosts Vance in Delhi Tesla to report earnings with brand, sales troubles in focus Strategist who called end of US exceptionalism sees no recovery US Treasurys fall as investors favor Europe's haven bonds BlackRock's Ben Powell calls for more targeted playbook in markets Copper climbs to two-week high as weak dollar boosts metals Bloomberg News reports: Copper (HG=F) climbed to a two-week high as London Metal Exchange trading resumed following the Easter break, with base metals benefiting from a recent dollar rout. A softer greenback can support industrial commodities because it makes them cheaper for buyers in other currencies. A Bloomberg gauge of the dollar dropped to a 15-month low on Monday, when the LME was on the second of a two-day trading pause for the holiday. Copper rose as much as 1.6% on Tuesday. Metals have had a turbulent April amid global trade turmoil unleashed by US President Donald Trump's sweeping import tariffs. While that threatens economic growth — and demand for metals — the dollar weakness is lending support. Read more here Asian markets fell slightly on open and wavered around the flatline as Trump continues to rail against Jerome Powell and the Federal Reserve, weakening faith in US assets and leading to a broad sell-off. Japan's Nikkei 225 (^N225) and Topix (1631.T) hovered around the baseline. South Korea's Kospi (^KS11) shed 0.3%, while the Kosdaq (^KQ11) inched lower. Australia's ASX 200 (^AXJO) slipped 0.6%, weighed down by losses across the board. Hong Kong's Hang Seng Index (^HSI) came in at 21,285, a dip of 0.5% from the previous close. Bloomberg reports: Read more here. Gold (GC=F) reached a fresh record late on Monday as President Donald Trump's continued tariff trade war shakes global stability and weakens the US dollar, pushing investors to haven assets. Bloomberg reports: Read more here. Sign in to access your portfolio
