Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

Why did Israel defy Trump – and risk a major war – by striking Iran now?

Published

on

Why did Israel defy Trump – and risk a major war – by striking Iran now? And what happens next?

Amin Saikal, Victoria University

Alarmed by an intelligence assessment that Iran will be able to produce nuclear weapons within months if not weeks, Israel has launched a massive air campaign aiming to destroy the country’s nuclear program.

Israel’s air strikes hit Iran’s main nuclear enrichment facility at Natanz, as well as its air defences and long-range missile facilities.

Among the dead are Hossein Salami, the chief of Iran’s powerful Revolutionary Guards Corps; Mohammad Bagheri, the commander-in-chief of the military; and two prominent nuclear scientists.

Iranian Supreme Leader Ayatollah Ali Khamenei has promised “severe punishment” in response. Iran could potentially target Israel’s own nuclear sites and US bases across the Persian Gulf. Israel claimed Iran launched 100 drones towards it just hours after the attack.

The Middle East is yet again on the precipice of a potentially devastating war with serious regional and global implications.

Stalled nuclear talks

The Israeli operations come against the backdrop of a series of inconclusive nuclear talks between the United States and Iran. These negotiations began in mid-April at President Donald Trump’s request and aimed to reach a deal within months.

Israeli Prime Minister Benjamin Netanyahu opposed the talks, pressing for military action instead as the best option to halt Iran’s nuclear program.

The diplomatic efforts had stalled in recent weeks over Trump’s demand that Iran agree to a zero-uranium enrichment posture and destroy its stockpile of some 400 kilograms of enriched uranium at a 60% purity level. This could be rapidly enriched further to weapons-grade level.

Tehran refused to oblige, calling it a “non-negotiable”.

Netanyahu has long pledged to eliminate what he has called the Iranian “octopus” – the regime’s vast network of regional affiliates, including Hamas in Gaza, Hezbollah in Lebanon, the regime of former Syrian leader Bashar al-Assad, and the Houthi militants in Yemen.

Following Hamas’ attack on Israel on October 7 2023, Israel’s military has considerably degraded these Iranian affiliates, one by one. Now, Netanyahu has now gone for beheading the octopus.

Trump keeping his distance

Netanyahu has in the past urged Washington to join him in a military operation against Iran. However, successive US leaders have not found it desirable to ignite or be involved in another Middle East war, especially after the debacle in Iraq and its failed Afghanistan intervention.

Despite his strong commitment to Israel’s security and regional supremacy, Trump has been keen to follow this US posture, for two important reasons.

He has not forgotten Netanyahu’s warm congratulations to Joe Biden when he defeated Trump in the 2020 US presidential election.

Nor has Trump been keen to be too closely aligned with Netanyahu at the expense of his lucrative relations with oil-rich Arab states. He recently visited Saudi Arabia, Qatar and the United Arab Emirates on a trip to the Middle East, while bypassing Israel.

Indeed, this week, Trump had warned Netanyahu not to do anything that could undermine the US nuclear talks with Iran. He has been keen to secure a deal to boost his self-declared reputation as a peace broker, despite not having done very well so far on this front.

But as the nuclear talks seemed to be reaching a dead end, Netanyahu decided now was the moment to act.

The Trump administration has distanced itself from the attack, saying it had no involvement. It remains to be seen whether the US will now get involved to defend Israel if and when Iran retaliates.

What a wider war could mean

Israel has shown it has the capacity to unleash overwhelming firepower, causing serious damage to Iran’s nuclear and military facilities and infrastructure. But the Iranian Islamic regime also has the capability to retaliate, with all the means at its disposal.

Despite the fact the Iranian leadership faces serious domestic issues on political, social and economic fronts, it still has the ability to target Israeli and US assets in the region with advanced missiles and drones.

It also has the capability to close the Strait of Hormuz, through which 20–25% of global oil and liquefied natural gas shipments flow. Importantly, Iran has strategic partnerships with both Russia and China, as well.

Depending on the nature and scope of the Iranian response, the current conflict could easily develop into an uncontrollable regional war, with none of the parties emerging as victor. A major conflict could not only further destabilise what is already a volatile Middle East, but also upend the fragile global geopolitical and economic landscape.

The Middle East cannot afford another war. Trump had good reasons to restrain Netanyahu’s government while the nuclear negotiations were taking place to see if he could hammer out a deal.

Whether this deal can be salvaged amid the chaos is unclear. The next round of negotiations was due to be held on Sunday in Oman, but Iran said it would not attend and all talks were off until further notice.

Iran and the US, under Barack Obama, had agreed a nuclear deal before – the Joint Comprehensive Plan of Action. Although Netanyahu branded it “the worst deal of the century”, it appeared to be holding until Trump, urged by Netanyahu, unilaterally withdrew from it in 2018.

Now, Netanyahu has taken the military approach to thwart Iran’s nuclear program. And the region – and rest of the world – will have to wait and see if another war can be averted before it’s too late.

Amin Saikal, Emeritus Professor of Middle Eastern and Central Asian Studies, Australian National University; and Vice Chancellor’s Strategic Fellow, Victoria University

This article is republished from The Conversation under a Creative Commons license. Read the original article.

News

Big Tech earnings spark investor unease over AI spending

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Published

on

Investors monitor Big Tech’s AI investments, with Meta thriving while Microsoft and Tesla face uncertainty over growth and returns.

Investors are reacting sharply to Big Tech earnings this week, sending a clear signal that massive spending must translate into real growth. Markets are becoming less forgiving as companies pour billions into artificial intelligence, data centres and future tech while returns remain uncertain.

Meta has delivered a standout performance, posting a 24 percent jump in revenue for the December quarter, fuelled by AI-powered advertising. The company is doubling down on its strategy, with aggressive investment in AI and infrastructure expected to drive a further 33 percent growth this quarter.

Microsoft and Tesla tell a more cautious story. Microsoft reported only modest growth in its Azure cloud business, raising questions about its exposure to OpenAI, while Tesla plans to double spending on AI and autonomous driving. Analysts warn of a widening gap between bold AI ambitions and what investors expect in returns.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker
Download the Ticker app

Continue Reading

News

Federal Reserve holds interest rates amid economic uncertainty

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut. #FederalReserve #InterestRates #Economy

Published

on

Federal Reserve holds interest rates steady, balancing inflation and jobs, as some governors advocate for a cut.

The Federal Reserve has opted to keep interest rates unchanged, marking the first pause since July. Officials are showing little urgency to resume cuts, even after previous rate reductions.

Two Fed governors opposed the decision, calling for a quarter-point cut, highlighting ongoing debates within the rate-setting committee, which includes both appointed governors and regional bank presidents.

Concerns over the job market and persistent inflation continue to weigh heavily on the Fed’s policy decisions, leaving economists and investors closely watching the next moves.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

#FederalReserve #InterestRates #Economy


Download the Ticker app

Continue Reading

News

Trump warns Iran as U.S. naval forces approach amid rising tensions

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and tensions rise.

Published

on

Trump urges Iran to resume nuclear talks or face stronger U.S. military response amid economic struggles and rising tensions.

U.S. President Donald Trump has urged Iran to return to nuclear negotiations, warning that failure to do so could result in a far more severe military response. Posting on Truth Social, Trump signalled a hardening stance as tensions between Washington and Tehran continue to rise.

Trump confirmed that a U.S. naval strike group led by the USS Abraham Lincoln is moving towards Iran, as protests grow inside the country over alleged government repression.

The show of force comes amid heightened regional instability and mounting pressure on the Iranian leadership.

#Trump #Iran #USForeignPolicy


Download the Ticker app

Continue Reading

Trending Now