• 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
Biden repeats debunked claim he traveled 17,000 miles with China’s Xi Jinping
next post
Hunter Biden sought State Department assistance for foreign company while Joe was VP: report

related articles

DHS scorches Pritzker’s ‘sanctuary’ state after child rapist...

May 1, 2026

DC police captain cites bodycam footage of officers...

May 1, 2026

Socialist mayor’s blunt 1-word message to fleeing millionaires...

May 1, 2026

Amazon explores ‘The Apprentice’ reboot with Trump Jr...

May 1, 2026

MN governor race to replace Walz sees major...

May 1, 2026

Trump’s apocalyptic Iran warning raises stakes for sweeping...

April 7, 2026

Graham eyes ‘down payment’ on Trump-backed SAVE Act...

April 7, 2026

Democrat whose parents fled Iran moves to oust...

April 7, 2026

Midterm alarm bells: Democrats face steep favorability deficit...

April 7, 2026

American journalist kidnapped in Iraq is set free,...

April 7, 2026
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

  • Trump’s tariff threats send U.S. companies scrambling for lobbyists and loopholes

    November 13, 2024
  • Israeli intel official says your ‘jaw would drop’ at terror plots prevented worldwide

    December 16, 2025
  • Nvidia replaced Intel in the Dow — today, Intel earnings are lifting NVDA

    April 24, 2026
  • From bus driver to dictator: Nicolás Maduro’s rise and fall in Venezuela

    January 3, 2026
  • Ramaswamy warns GOP on several ‘hard realities’ to address before criticizing Harris: ‘Hurting our chances’

    July 26, 2024

Popular Posts

  • 1

    District judges’ orders blocking Trump agenda face hearing in top Senate committee

    April 2, 2025
  • 2

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

    July 21, 2024
  • 3

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

    July 19, 2024
  • 4

    CoreWeave eyes $1.5B bond raise to ease debt load following lacklustre IPO: report

    May 9, 2025
  • 5

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024

Categories

  • Economy (829)
  • Editor's Pick (8,507)
  • Investing (2,250)
  • Stock (1,028)

Latest Posts

  • Bush stays silent on how he will vote in 2024: report

    September 8, 2024
  • MNDY Stock Soars On Strong Q2 Earnings

    August 23, 2024
  • ‘Master dealmaker’: Inside Trump’s budget bill victory amid House GOP rebellion

    February 27, 2025

Recent Posts

  • Iran envoy Malley may have been on ‘classified White House call’ after clearance suspended, watchdog finds

    September 19, 2024
  • White House reveals Biden’s final list of clemency for nearly 2,5000 people, setting new presidential record

    January 18, 2025
  • ‘Disturbing’: Whistleblower fumes at Biden-era agency promoting DEI program as department’s ‘mission’

    February 7, 2025

Editor’s Pick

  • Oil Industry Prioritizes Shareholders on Drilling Expansion

    January 27, 2025
  • Here’s what happened during Trump’s 11th week in office

    April 5, 2025
  • Trump HHS nominee RFK Jr returns to Capitol Hill for round 2 after heated first day of hearings

    January 30, 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