Israel and Iran head for war
Tensions in the Middle East continue to mount as a clash looks ever more likely.
"The rumblings of an open conflict between Israel and Iran in Syria are growing louder," says Ishaan Tharoor in The Washington Post. Israel is thought to have attacked an Iranian drone base in Syria earlier this month, killing its commander and other officers and drawing "howls of condemnation" from the Syrian regime's "patrons" in Tehran.
Although Israel hasn't accepted responsibility, since 2012 the Israelis are believed to have launched more than 100 attacks on suspected Iranian-linked positions in Syria to "prevent a permanent Iranian threat on their borders and stymie the flow of weaponry to Iran's Lebanese proxy, Hezbollah."
Israel's nervousness is understandable, says Roger Boyes in The Times. Since the 1979 revolution, Iran has wanted to "wipe out the state of Israel". Supreme Leader Ayatollah Ali Khamenei has described Israel as a "cancer tumour on this region that should be cut off".
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
As Israel sees it, says Yaroslav Trofimov in The Wall Street Journal, Iran's Revolutionary Guard Corps (IRGC) has now switched its primary mission from "preventing a collapse of Syrian President Bashar al-Assad's regime to preparing for a future confrontation with Israel". In this context, President Trump's "stated desire" to withdraw US forces from Syria is "only fuelling" Israel's sense that it must act swiftly, increasing the likelihood of conflict.
Ultimately, says Thomas Friedman in The New York Times, IRGC commander Major General Soleimani wants to extend Iran's grip on surrounding Arab states and "advance his position at home" in his power struggle with Iranian president Hassan Rouhani. But he may be "overplaying his hand". Iranians are publicly asking why Iran is spending billions of dollars fighting wars in Syria, Lebanon and Yemen.
Iran's currency is "collapsing" and a confrontation with Israel would only make things worse. But "economic restraints have never stopped" Soleimani and his IRCG before and they may not now. "Their ambitions are big Does he back down, lose a little face, and wait until he is stronger? Does Israel let him?" The status quo cannot hold.
Sign up to Money Morning
Our team, led by award winning editors, is dedicated to delivering you the top news, analysis, and guides to help you manage your money, grow your investments and build wealth.
Emily has worked as a journalist for more than thirty years and was formerly Assistant Editor of MoneyWeek, which she helped launch in 2000. Prior to this, she was Deputy Features Editor of The Times and a Commissioning Editor for The Independent on Sunday and The Daily Telegraph. She has written for most of the national newspapers including The Times, the Daily and Sunday Telegraph, The Evening Standard and The Daily Mail, She interviewed celebrities weekly for The Sunday Telegraph and wrote a regular column for The Evening Standard. As Political Editor of MoneyWeek, Emily has covered subjects from Brexit to the Gaza war.
Aside from her writing, Emily trained as Nutritional Therapist following her son's diagnosis with Type 1 diabetes in 2011 and now works as a practitioner for Nature Doc, offering one-to-one consultations and running workshops in Oxfordshire.
-
Christmas at Chatsworth: review of The Cavendish Hotel at Baslow
MoneyWeek Travel Matthew Partridge gets into the festive spirit at The Cavendish Hotel at Baslow and the Christmas market at Chatsworth
By Dr Matthew Partridge Published
-
Tycoon Truong My Lan on death row over world’s biggest bank fraud
Property tycoon Truong My Lan has been found guilty of a corruption scandal that dwarfs Malaysia’s 1MDB fraud and Sam Bankman-Fried’s crypto scam
By Jane Lewis Published