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Business Standard
5 days ago
- Politics
- Business Standard
Israel-Iran hostilities enter fourth day with no end to attacks in sight
Iran fired several waves of drones and missiles over the last 24 hours, while Israel hit the Islamic Republic's capital, Tehran, killing another key military official Bloomberg By Arsalan Shahla and Galit Altstein Open hostilities between Israel and Iran entered a fourth day on Monday with no sign of easing, stoking fears of a wider war in the oil-rich region. Iran fired several waves of drones and missiles over the last 24 hours, while Israel hit the Islamic Republic's capital, Tehran, killing another key military official. Since Friday, 224 people have been killed in Iran, according to the government, which said most of the casualties were civilians. Iranian attacks left 14 people dead and around 400 injured, Israel's emergency services said. Tensions between the two countries erupted into direct conflict on Friday, when Israel launched surprise attacks on Iranian military and nuclear sites. Since then, its air campaign has underscored Israeli air superiority and exposed the constraints facing Tehran's ability to respond effectively. For Iran, the showdown poses a strategic dilemma. It can't risk appearing weak, yet its retaliatory options are shrinking — and proxy forces it supports across the region have been largely deterred by Israeli action. Trump's deal After having urged Iran to reach a nuclear deal on the onset of the Israeli attacks, US President Donald Trump on Sunday said Iran and Israel 'should make a deal, and will make a deal.' 'We will have PEACE, soon, between Israel and Iran!' he said on Truth Social. 'Many calls and meetings now taking place.' He also said, in later comments to reporters, that 'but sometimes they have to fight it out.' There was little else suggesting an imminent breakthrough. 'We are in an existential campaign,' Israeli Prime Minister Benjamin Netanyahu said as he visited the site of a missile strike on the coastal city of Bat Yam on Sunday. 'Iran will pay a very heavy price for deliberately murdering our citizens, women and children.' His defense minister said the 'regime in Tehran' was now a target. The tit-for-tat weighed on financial markets, with equities in Saudi Arabia, Egypt and Qatar dropping on Sunday. The Egyptian pound weakened about 1.8 per cent to beyond 50 per dollar in local trades. Israeli stocks rose, led by defense company Elbit Systems Ltd. Investor caution elsewhere was also on display as trading resumed Monday in Asia, though the magnitude of the moves outside of energy remained relatively contained. Brent crude built on its surge from the end of last week, climbing as much as 5.5 per cent in Asian trading on Monday before paring some of those gains. West Texas Intermediate was near $74. Stocks in Asia rose as investors shifted their focus to news closer to home following a weekend dominated by the escalating conflict in the Middle East. Energy fears 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. The United Nations' nuclear watchdog the International Atomic Energy Agency 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.' According to Iran's Fars news service, a key parliamentary committee said Tehran should no longer adhere to the nuclear Non-Proliferation Treaty, the bedrock arms-control agreement that compels signatories to accept inspections. For now, it's unclear if the government will take such steps. Worst conflict Arch-enemies Israel and Iran have long fought a shadow war. The Jewish state's been accused of cyberattacks and assassinating Iranian scientists, while Tehran's funded anti-Israel militias in the Middle East. Those tensions soared after Hamas, a Palestinian group backed by Iran, attacked Israel on Oct. 7, 2023. That led to Israel and Iran firing missiles and drones on each other twice last year. Still, this is their most serious conflict yet. Since the fighting began, struck Iran's nuclear and military sites using jets and drones, and killed several top commanders and atomic scientists. Israel said it was aiming to end Iran's ability to build a nuclear bomb, which it sees as an existential threat. Tehran maintains its atomic programme has purely civilian purposes. The attacks on Iran's defenses seem to have given Israel air superiority over the Islamic Republic, including its capital. The Israeli military on Sunday urged Iranians to 'immediately evacuate' areas near weapons-production facilities and 'not return until further notice.' Netanyahu said his military would 'strike at every site and every target of the Ayatollah regime,' while Iran's Supreme Leader Ayatollah Ali Khamenei has said Israel will 'pay a very heavy price.' The conflict sent shockwaves through global markets last week, with investors buying haven assets such as gold. Iran canceled its next round of nuclear talks with the US scheduled for Oman on Sunday. The same day, Trump reiterated that the US wasn't involved in Israel's attacks and said he could still get a nuclear deal with Iran. He's set to meet other leaders of the Group of Seven major economies in Canada and the conflict will be at the forefront of their talks. Israel is calling on Washington and European nations to help it attack Iran, arguing that is what's needed to stop Tehran developing a nuclear weapon. While the US has helped defend Israel by intercepting missiles and drones, Trump has not yet indicated if the US will join in the strikes on Iran. For all that Israel's already damaged Iranian atomic sites and says it will continue to strike them, many Western analysts say it needs US help to destroy some key facilities located deep underground. Middle Eastern leaders and Russian President Vladimir Putin are voicing increasing concern that the conflict could spiral out of control. They have urged both sides to calm the situation quickly. Germany's Foreign Minister Johann Wadephul, speaking to local broadcaster ARD, urged regional states to talk with Iran, while Berlin continues engaging with Israel. Germany, France and the UK are, he said from Qatar, ready to negotiate with Iran over its nuclear programme. It's unclear if Tehran is entertaining last-resort options such as attacking tankers in the Strait of Hormuz, through which Middle Eastern states ship about a fifth of the world's oil. That type of action may draw the US, the world's most powerful military, into the conflict, something Tehran has probably calculated it can't afford, according to Bloomberg Economics analysts. That's partly because the Iranian economy is already weak, with inflation at almost 40 per cent, and public frustration with the government is high.
Yahoo
30-05-2025
- Business
- Yahoo
Elbit Systems Ltd. (ESLT) Secures $330M in Naval Defense Contracts
Elbit Systems Ltd. (NASDAQ:ESLT) has announced receiving several naval defense contracts from international customers, including NATO member states, with an aggregate value of $330 million. Pavel Vakhrushev/ These contracts cover a broad range of naval solutions, underscoring Elbit Systems Ltd. (NASDAQ:ESLT)'s growing role in strengthening the naval capabilities of customers worldwide. The award programs include the provision of electronic warfare solutions, advanced anti-submarine warfare systems, combat management systems, modernization and upgrade programs, and more. Elbit Systems Ltd. (NASDAQ:ESLT)'s naval portfolio continues to evolve amid robust demand for real-time intelligence, multi-domain integration, and resilient defense capabilities. The company's naval technologies are already in use by several countries worldwide. Bezhalel Machlis, President and CEO of Elbit Systems Ltd. (NASDAQ:ESLT), stated the following on the recent contract awards: "The maritime domain represents an important growth engine for Elbit Systems, combining our internally developed capabilities with the assets and expertise acquired through strategic acquisitions. These recent contract wins highlight the increasing recognition of our technological leadership and the strong confidence that leading naval forces place in our ability to deliver cutting-edge, mission-ready solutions that meet the demands of today's evolving operational landscape." The Israel-based defense technology company has seen its shares skyrocket by over 54% year-to-date, with high-value contracts such as these bolstering investor sentiment. It is one of the best performing stocks this year. While we acknowledge the potential of ESLT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ESLT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None.
Yahoo
30-05-2025
- Business
- Yahoo
Elbit Systems Ltd. (ESLT) Secures $330M in Naval Defense Contracts
Elbit Systems Ltd. (NASDAQ:ESLT) has announced receiving several naval defense contracts from international customers, including NATO member states, with an aggregate value of $330 million. Pavel Vakhrushev/ These contracts cover a broad range of naval solutions, underscoring Elbit Systems Ltd. (NASDAQ:ESLT)'s growing role in strengthening the naval capabilities of customers worldwide. The award programs include the provision of electronic warfare solutions, advanced anti-submarine warfare systems, combat management systems, modernization and upgrade programs, and more. Elbit Systems Ltd. (NASDAQ:ESLT)'s naval portfolio continues to evolve amid robust demand for real-time intelligence, multi-domain integration, and resilient defense capabilities. The company's naval technologies are already in use by several countries worldwide. Bezhalel Machlis, President and CEO of Elbit Systems Ltd. (NASDAQ:ESLT), stated the following on the recent contract awards: "The maritime domain represents an important growth engine for Elbit Systems, combining our internally developed capabilities with the assets and expertise acquired through strategic acquisitions. These recent contract wins highlight the increasing recognition of our technological leadership and the strong confidence that leading naval forces place in our ability to deliver cutting-edge, mission-ready solutions that meet the demands of today's evolving operational landscape." The Israel-based defense technology company has seen its shares skyrocket by over 54% year-to-date, with high-value contracts such as these bolstering investor sentiment. It is one of the best performing stocks this year. While we acknowledge the potential of ESLT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ESLT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: ChatGPT Stock Advice: Top 12 Stock Recommendations and 10 Cheap Rising Stocks to Buy Right Now. Disclosure: None. Sign in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
Elbit Systems (ESLT) Reports a Robust Q1 2025 Amidst Growing Defense Spending
On May 20, Elbit Systems Ltd. (NASDAQ:ESLT) reported results for the fiscal first quarter of 2025. It operates as an international defense company, which has seen significant growth amidst rising global defense demands and ongoing regional conflicts. As a result, the stock has gained more than 50% on a year-to-date basis. An unmanned aircraft system in the sky, its silhouette illuminated in the night light. Elbit Systems Ltd. (NASDAQ:ESLT) grew its revenue by 22% year-over-year to $1.9 billion, marking the fourth consecutive quarter of double-digit growth. This was driven by robust performance across all its business segments. The Land segment was notable with 48% year-over-year growth, driven by ammunition and munition sales in Israel and Europe. In addition, GAAP net income also grew from $73.7 million a year ago to $107.1 million in Q1 2025. Bezhalel Machlis, President and CEO of Elbit Systems Ltd. (NASDAQ:ESLT), highlighted that the company is strategically positioned to benefit from rising defense budgets, particularly in Europe. This is complemented by the well-established subsidiaries and recent contract wins. Notably, the order backlog of Elbit Systems Ltd. (NASDAQ:ESLT) increased 14% year-over-year to $23.1 billion. Management noted that around 66% of this backlog is from outside Israel, with about 51% scheduled for completion in 2025 and 2026. While we acknowledge the potential of ESLT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ESLT and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
Elbit Systems (ESLT) Reports a Robust Q1 2025 Amidst Growing Defense Spending
On May 20, Elbit Systems Ltd. (NASDAQ:ESLT) reported results for the fiscal first quarter of 2025. It operates as an international defense company, which has seen significant growth amidst rising global defense demands and ongoing regional conflicts. As a result, the stock has gained more than 50% on a year-to-date basis. An unmanned aircraft system in the sky, its silhouette illuminated in the night light. Elbit Systems Ltd. (NASDAQ:ESLT) grew its revenue by 22% year-over-year to $1.9 billion, marking the fourth consecutive quarter of double-digit growth. This was driven by robust performance across all its business segments. The Land segment was notable with 48% year-over-year growth, driven by ammunition and munition sales in Israel and Europe. In addition, GAAP net income also grew from $73.7 million a year ago to $107.1 million in Q1 2025. Bezhalel Machlis, President and CEO of Elbit Systems Ltd. (NASDAQ:ESLT), highlighted that the company is strategically positioned to benefit from rising defense budgets, particularly in Europe. This is complemented by the well-established subsidiaries and recent contract wins. Notably, the order backlog of Elbit Systems Ltd. (NASDAQ:ESLT) increased 14% year-over-year to $23.1 billion. Management noted that around 66% of this backlog is from outside Israel, with about 51% scheduled for completion in 2025 and 2026. While we acknowledge the potential of ESLT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ESLT and that has 100x upside potential, check out our report about the . READ NEXT: and . Disclosure: None
