• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

US approves $20 billion in weapons sales to Israel as Middle East tensions near boiling point

by August 14, 2024
written by August 14, 2024

The State Department announced that it had approved $20 billion in arms sales to Israel as the region continues to spiral towards a wider war in the Middle East.

The advance includes a myriad of weapons such as fighter jets and equipment worth nearly $19 billion, tank cartridges valued at $774 million, explosive mortar cartridges valued at over $60 million and army vehicles worth $583 million, the Pentagon said in a statement.

‘The United States is committed to the security of Israel, and it is vital to U.S. national interests to assist Israel to develop and maintain a strong and ready self-defense capability. This proposed sale is consistent with those objectives,’ the State Department said.

In a statement, Israeli Minister of Defense Yoav Gallant thanked the U.S. for allowing Israel to maintain a ‘qualitative military edge in the region.’

‘Thank you to Secretary of Defense Austin and Secretary of State Blinken for advancing critical force buildup initiatives that assist Israel in developing and maintaining its qualitative military edge in the region,’ he posted on X. ‘This includes incorporating F-15IAs into the IAF fleet of fighter aircraft, and providing critical munition to ensure Israel’s capabilities and security.’

‘As we fight to defend Israel on 7 different fronts, your message of support and commitment to Israel’s security are clear,’ he said.

The impending sale comes as regional tension hurtles towards a breaking point. 

Regional sources told Fox News chief foreign correspondent Trey Yingst on Monday that they are concerned Iran and its proxies could attack Israel within the next 24 hours in retaliation for the killing of Hamas political leader Ismail Haniyeh in Tehran late last month.

On Monday, the Lebanon-based terrorist group Hezbollah launched 30 rockets into northern Israel, although no casualties were reported, according to the Israeli Defense Forces (IDF). 

‘Following sirens that sounded a short while ago in northern Israel, approximately 30 projectiles were identified crossing from Lebanon toward the area of Kabri, a number of which fell in open areas,’ an IDF spokesman said. 

The $20 billion in arms sales are not expected to be delivered to Israel soon, with the sales expected to secure the nation’s resources long-term.

Fox News Digital’s Greg Norman and The Associated Press contributed to this report.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
Harris campaign says she will not push ‘Medicare-for-all’ plan despite previous support
next post
Republican Erik Olsen to face off against Democrat in deep blue Wisconsin district

related articles

Trump endorses Hinson in 2026 race to keep...

September 6, 2025

A closer look at Air Force One and...

September 6, 2025

Trump signs order renaming Pentagon back to ‘Department...

September 5, 2025

Loyal Ex-Biden aide says fateful debate against Trump...

September 5, 2025

EXCLUSIVE: Franklin Graham praises VP Vance’s stand, critiques...

September 5, 2025

Justice Barrett opens up about ‘awkward’ start on...

September 5, 2025

DAVID MARCUS: RFK Jr is right, nobody knows...

September 5, 2025

Trump trashes Nadler on heels of Dem’s House...

September 5, 2025

DOJ task force finds ‘numerous instances’ of anti-Christian...

September 5, 2025

House Republicans split with Trump team over ‘very...

September 5, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Lloyds and Barclays share prices have risen in 2024: more upside?

    August 14, 2024
  • Ambitions, hopes, dreams, aspirations, boys playing girls’ sports, and reparations

    October 17, 2024
  • From Chili’s to burger chains, here are the restaurant industry winners and losers in 2024

    December 16, 2024
  • Musk is not DOGE employee, has no more authority than other WH staff, new filing says

    February 18, 2025
  • Cracker Barrel shares plummet after pushback on new logo, brand refresh

    August 22, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (5,930)
  • Investing (634)
  • Stock (922)

Latest Posts

  • Golden Globes 2025: the big money behind Hollywood’s night of glitz and glamour

    January 6, 2025
  • Biden ends bid for second term in White House as he drops out of his 2024 rematch with Trump

    July 21, 2024
  • Trump official travels to Venezuela to negotiate deal for deporting Tren de Aragua gang members

    January 31, 2025

Recent Posts

  • Key advisor called Hunter Biden’s role on strategy call ‘inappropriate’ after he overruled legal guidance

    July 8, 2025
  • Redbox set to close as DVD market withers in streaming’s shadow

    July 13, 2024
  • Japanese eateries hike prices as tourist influx reaches record levels

    July 30, 2024

Editor’s Pick

  • Republicans struggle with Trump’s mixed signals on ‘big, beautiful bill’

    May 15, 2025
  • Mitch McConnell announces his new posts for the 119th Congress

    November 22, 2024
  • Big government, big problems: Public corruption highest in places with large bureaucracies, report says

    July 17, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock