US to pull some personnel from the Middle East
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Following Israeli strikes on Iran, one retired military officer told NewsNation, The Hill’s sister network, that the U.S. should stay out of the fight. Iran has already vowed retaliation and the U.S. has shifted military assets into the region in case they are needed.
Iran condemns Israel's overnight strikes on military and nuclear facilities while threatening US bases in the Middle East as the Trump administration orders partial evacuations.
A further escalation in Iranian-Israeli tensions could take oil prices above $80 and would mean more upside for the dollar.
The dollar firmed against major currencies on Monday, driven by safe-haven buying from investors fearing the Israel-Iran fighting could escalate into a broader regional conflict as they braced for a week packed with central bank meetings.
Leaders of some of the world’s biggest economic powers will arrive in the Canadian Rockies on Sunday for a Group of Seven summit overshadowed by a widening war across the Middle East and US President Donald Trump’s unresolved trade war with allies and rivals alike.
Iran has issued a stark warning that American, French, and British military bases in the region will be targeted if any of these nations attempt to intercept Iranian missiles or drones launched in retaliation.
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