DigitalBridge's Sale of Southeast Asian Towers Is Said to Stall
DigitalBridge Group Inc. 's plans to sell its Southeast Asian telecom tower operator are stalling amid valuation concerns, according to people familiar with the matter.
While work on a potential sale of closely held EdgePoint Infrastructure has paused, US-listed DigitalBridge is still evaluating options and could revisit the plans later, the people said, asking not to be identified because the deliberations are private. The owner could also pursue a breakup or piecemeal transactions instead of a full sale, the people said.
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Bloomberg
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What If Iran Tries to Close the Strait of Hormuz?: QuickTake
The US bombed Iran's three main nuclear sites in a major escalation of this month's conflict in the Middle East. Tehran said it will reserve all options to defend itself. This US move has stoked speculation that Iran's leadership may reach for another way to pressure its enemies to relent — blocking or effectively closing the Strait of Hormuz to shipping. This narrow waterway at the mouth of the Persian Gulf handles about a quarter of the world's seaborne oil trade. So if Iran were able to deny access to the giant tankers that ferry oil and gas to China, Europe and other major energy consuming regions, it would send oil prices shooting higher and potentially destabilize the global economy.
Yahoo
5 hours ago
- Yahoo
Airlines keep avoiding Middle East airspace after US attack on Iran
By Jamie Freed and Steven Scheer (Reuters) -Airlines continued to avoid large parts of the Middle East on Sunday after U.S. strikes on Iranian nuclear sites, according to flight tracking website FlightRadar24, with traffic already skirting airspace in the region due to recent missile exchanges. "Following US attacks on Iranian nuclear facilities, commercial traffic in the region is operating as it has since new airspace restrictions were put into place last week," FlightRadar24 said on social media platform X. Its website showed airlines were not flying in the airspace over Iran, Iraq, Syria and Israel. They have chosen other routings such as north via the Caspian Sea or south via Egypt and Saudi Arabia, even if these result in higher fuel and crew costs and longer flight times. Missile and drone barrages in an expanding number of conflict zones globally represent a high risk to airline traffic. Safe Airspace, a website run by OPSGROUP, a membership-based organisation that shares flight risk information, said the U.S. attacks on Iran may increase risks to U.S. operators in the region. "While there have been no specific threats made against civil aviation, Iran has previously warned it would retaliate by attacking US military interests in the Middle East - either directly or via proxies such as Hezbollah," Safe Airspace said. Since Israel launched strikes on Iran on June 13, carriers have suspended flights to destinations in the affected countries, though there have been some evacuation flights from neighbouring nations and some bringing stranded Israelis home. In the days before the U.S. strikes, American Airlines suspended flights to Qatar and United Airlines did the same with flights to Dubai. Safe Airspace said it was possible airspace risks could now extend to countries including Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. "We continue to advise a high degree of caution at this time," it said. RESCUE AND EVACUATION FLIGHTS Israel's largest carriers, El Al Israel Airlines, Arkia and Israir, said on Sunday they were suspending rescue flights that allowed people to return to Israel until further notice. El Al said it would also extend its cancellation of scheduled flights through Friday and Israir said it had halted the sale of tickets for all flights through July 7. A spokesperson for Israel's airports authority said the country's main airport was expected to reopen for rescue flight landings on Sunday between 1100 and 1700 GMT. Tens of thousands of Israelis and others who had booked tickets to Israel are stuck abroad. At the same time, nearly 40,000 tourists in Israel are looking to leave the country, some of whom are going via Jordan's borders to Amman and others by boat to Cyprus. "In accordance with security directives, we are working to bring Israelis home as quickly as possible," Israel's Transport Minister Miri Regev said in a statement. Japan's foreign ministry said on Sunday it had evacuated 21 people, including 16 Japanese nationals, from Iran overland to Azerbaijan. It said it was the second such evacuation since Thursday and that it would conduct further evacuations if necessary. New Zealand's government said on Sunday it would send a Hercules military transport plane to the Middle East on standby to evacuate New Zealanders from the region. It said in a statement that government personnel and a C-130J Hercules aircraft would leave Auckland on Monday. The plane would take some days to reach the region, it said. The government was also in talks with commercial airlines to assess how they may be able to assist, it added.
Yahoo
6 hours ago
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How could Iran retaliate after US strikes its nuclear programme?
Iran has spent decades building multi-tiered military capabilities at home and across the region that were at least partly aimed at deterring the United States from attacking it. By entering Israel's war, the US may have removed the last rationale for holding them in reserve. That could mean a wave of attacks on US forces in the Middle East, an attempt to close a key bottleneck for global oil supplies, or a dash to develop a nuclear weapon with what remains of Iran's disputed programme after American strikes on three key sites. A decision to retaliate against the US and its regional allies would give Iran a far larger target bank and one that is much closer than Israel, allowing it to potentially use its missiles and drones to greater effect. The US and Israel have far superior capabilities, but those have not always proven decisive in America's recent history of military interventions in the region. Since Israel started the war with a surprise bombardment of Iran's military and nuclear sites on June 13, Iranian officials from the supreme leader down have warned the US to stay out, saying it would have dire consequences for the entire region. It should soon be clear whether those were empty threats or a grim forecast. One theory is that Iran's next move might be to target the Strait of Hormuz. The narrow mouth of the Persian Gulf sees 20% of all oil traded globally pass, and at its narrowest point it is just 21 miles wide. Any disruption there could send oil prices soaring worldwide and hit American pocket. Iran boasts a fleet of fast-attack boats and thousands of naval mines that could potentially make the strait impassable, at least for a time. It could also fire missiles from its long Persian Gulf shore, as its allies, Yemen's Houthi rebels, have done in the Red Sea. The US, with its 5th Fleet stationed in nearby Bahrain, has long pledged to uphold freedom of navigation in the strait and would respond with far superior forces. But even a relatively brief firefight could paralyse shipping traffic and spook investors, causing oil prices to spike and generating international pressure for a ceasefire. Another theory is for Tehran to attack US bases and allies in the region. The US has tens of thousands of troops stationed in the Middle East, including at permanent bases in Kuwait, Bahrain, Qatar and the United Arab Emirates, Arab Gulf countries just across the Persian Gulf from Iran – and much closer than Israel. Those bases boast the same kinds of sophisticated air defences as Israel, but would have much less warning time before waves of missiles or swarms of armed drones. Even Israel, which is several hundred miles further away, has been unable to stop all of the incoming fire. Iran could also choose to attack key oil and gas facilities in those countries with the goal of exacting a higher price for US involvement in the war. A drone attack on two major oil sites in Saudi Arabia in 2019 – claimed by the Houthis but widely blamed on Iran – briefly cut the kingdom's oil production in half. Iran could also opt to activate its regional allies. Tehran's so-called Axis of Resistance – a network of militant groups across the Middle East, is a shadow of what it was before the war ignited by Hamas's October 7, 2023, attack on Israel out of the Gaza Strip – but it still has some formidable capabilities. Israel's 20-month war in Gaza has severely diminished the Palestinian Hamas and Islamic Jihad groups, and Israel mauled Lebanon's Hezbollah last autumn, killing most of its top leadership and devastating much of southern Lebanon, making its involvement unlikely. But Iran could still call on the Houthis, who had threatened to resume their attacks in the Red Sea if the US entered the war, and allied militias in Iraq. Both have drone and missile capabilities that would allow them to target the United States and its allies. Iran could also seek to respond through militant attacks further afield, as it is widely accused of doing in the 1990s with an attack on a Jewish community centre in Argentina that was blamed on Iran and Hezbollah. It is also feared Tehran may now sprint towards nuclear arms. It could be days or weeks before the full impact of the US strikes on Iran's nuclear sites is known. But experts have long warned that even joint US and Israeli strikes would only delay Iran's ability to develop a weapon, not eliminate it. That is because Iran has dispersed its programme across the country to several sites, including hardened, underground facilities. Iran would likely struggle to repair or reconstitute its nuclear programme while Israeli and US warplanes are circling overhead. But it could still decide to fully end its co-operation with the International Atomic Energy Agency (IAEA) and abandon the Nuclear Nonproliferation Treaty. North Korea announced its withdrawal from the treaty in 2003 and tested a nuclear weapon three years later, but it had the freedom to develop its programme without punishing air strikes. Iran insists its programme is peaceful, though it is the only non-nuclear-armed state to enrich uranium up to 60%, a short, technical step away from weapons-grade levels of 90%. US intelligence agencies and the IAEA assess Iran has not had an organised military nuclear programme since 2003. Israel is widely believed to be the only nuclear-armed state in the Middle East but does not acknowledge having such weapons.
