• 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

FBI Deputy Director Dan Bongino: James Comey ‘brought...

May 18, 2025

‘You saved my life:’ Freed hostage Edan Alexander...

May 18, 2025

ALEX BERENSON: Why we need to humiliate Joe...

May 17, 2025

Biden interview audio reveals who brought up Beau’s...

May 17, 2025

‘Failure’s not an option’: Trump budget bill will...

May 17, 2025

Middle East trip highlights President Donald Trump’s 17th...

May 17, 2025

JONATHAN TURLEY: Biden not the only loser revealed...

May 17, 2025

HHS SEC ROBERT F KENNEDY JR: American patients...

May 17, 2025

Biden jokes ‘I’m a young man’ during interview...

May 17, 2025

New Hur interview tapes detailing Mongolia trip shed...

May 17, 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

  • Walz responds to network’s vice presidential debate invite

    August 14, 2024
  • President Trump reveals what he told Zelenskyy during viral meeting at the Vatican

    May 1, 2025
  • Does President Trump really need to cut down Andrew Jackson’s magnolia tree? Expert weighs in

    April 2, 2025
  • Netanyahu vows more ‘surprise blows’ after Israel thwarted ‘thousands’ of Hezbollah rockets: ‘Not the end’

    August 25, 2024
  • Biden-Harris admin working to ‘Trump-proof’ hundreds of DOJ jobs, watchdog says

    August 28, 2024

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

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

    December 4, 2024
  • 3

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 4

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

    July 19, 2024
  • 5

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

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (4,557)
  • Investing (614)
  • Stock (754)

Latest Posts

  • Citi upgrades Coinbase stock to Buy with $345 target: Is a 30% gain within reach?

    July 23, 2024
  • Bitcoin Rebounds to $83,404 Amid Renewed Investor Confidence

    April 21, 2025
  • CleanSpark (CLSK) Stock: Soaring High, Buy or Beware?

    July 17, 2024

Recent Posts

  • Trump says Israel should hit Iran’s nuclear facilities, slamming Biden’s response

    October 5, 2024
  • Republicans inch closer to ending China’s favored trade status

    November 9, 2024
  • Pete Buttigieg blasts Trump after president excoriates him during press briefing

    January 31, 2025

Editor’s Pick

  • Pam Bondi threatens prosecution amid DOGE’s findings about fraud: ‘We’re coming after you’

    March 25, 2025
  • Venezuelan President Nicolas Maduro claims election victory, refuses to publish results

    July 30, 2024
  • Prestige Wealth Inc. (PWM) Stock Price Analysis

    September 20, 2024
  • About us
  • Contacts
  • Privacy Policy
  • Terms and Conditions
  • Email Whitelisting

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