Israeli F-35 fighter over Tel Aviv. The stealth jets are highly likely to be used if Israel decides to bomb Iran directly. AFP
Israeli F-35 fighter over Tel Aviv. The stealth jets are highly likely to be used if Israel decides to bomb Iran directly. AFP
Israeli F-35 fighter over Tel Aviv. The stealth jets are highly likely to be used if Israel decides to bomb Iran directly. AFP
Israeli F-35 fighter over Tel Aviv. The stealth jets are highly likely to be used if Israel decides to bomb Iran directly. AFP

Massive Israeli retaliation expected for Iran attack – but where?


Thomas Harding
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Israel's retaliation against Iran’s ballistic missile barrage is a certainty but what remains unclear is the scale. “Very massive” and “relatively massive”, are predictions of the nature of the response that Israeli experts have given to The National.

The strikes will happen and probably very soon, with a choice of targets presenting themselves. Military sites, oil production facilities, Iran's nuclear programme, cyber warfare and targeted assassinations are all under consideration.

“There will be a response, because otherwise you normalise the situation where every few months, when Iran feels like it, they fire missile barrages,” said Prof Chuck Freilich, Israel’s former deputy national security adviser. “So this response will be pretty big.”

It was also now clear, he added, that Israel’s response to the April 13 attack from Iran was “an ineffective and insufficient one-off”.

Remains of an Iranian missile from the attack on October 1 in the Negev desert. AFP
Remains of an Iranian missile from the attack on October 1 in the Negev desert. AFP

Amos Harel, a leading military commentator, agreed it will be “relatively massive considering what has happened”.

“It's a regional war now but that doesn't mean it's World War Three, with divisions lined up on the border,” he added.

The problem for Iran, and indeed the region, is that Israel’s political establishment, including the opposition, is united in its belligerence.

But they know, too, that Iran will counter and Israel's aggression could be tempered in that only one person died in Tuesday night’s assault.

Terminal strike

Israel is always unpredictable in how it retaliates. However, there is a hardening view that it will seek to damage the regime economically with the potentially knock-on effect of fomenting civil unrest.

Handling up to 90 per cent of Iran’s crude oil exports, mostly to China, puts the Kharg oil terminal in its sights with the Abadan refinery, used for domestic requirements, another target.

The sites can be hit with small-scale ordnance with casualties kept to a minimum.

An Iranian oil production platform in the Gulf. Reuters
An Iranian oil production platform in the Gulf. Reuters

“If Israel goes that way, then it will just be a couple of facilities, because Israel isn't going to want to affect the global oil market, but it could send a very strong message to the Iranians,” said Prof Freilich, who served under several Israeli prime ministers on the National Security Council.

However, even though US President Joe Biden appeared to give attacking the oil sites attack his backing, leading to a 5 per cent rise in prices on Friday, this has been offset somewhat by Libya's exports coming back online.

Hawkish voices

The hawks inside Israel’s government are pushing hard for a strike against Iran’s nuclear project, which they advocated in April.

“The really big question is whether Israel takes advantage of propitious circumstances to go and hit the nuclear power programme,” said Prof Freilich.

Tal Hagin, an open-source intelligence analyst, said there was “significant warmongering among different Israeli politicians and officials who want a very, very massive response” – including former prime minister, Naftali Bennett – who were saying “we have to take out their nuclear programme”.

An engineer inside Iran's Natanz uranium enrichment plant. AFP
An engineer inside Iran's Natanz uranium enrichment plant. AFP

This is something Israel has planned for a long time, yet it remains an exceptionally challenging task that will almost certainly be opposed by the US.

The key sites of Natanz and Fordow, where Iran is enriching uranium, are deep underground, and while Israel’s US-supplied 900kg bombs could seal off entrances and destroy support structure, they would require bespoke American ordnance to finish the job.

This would be the GBU-57 massive ordnance penetrator, weighing 14,000kg and at six metres in length nicknamed the “bunker buster”. However, Israel has neither the aircraft to deliver it nor the weapon itself.

Mr Harel, who writes military analysis for the Haaretz newspaper, said while there are “more and more hawkish voices” advocating a nuclear facility strike “this has to be co-ordinated with the United States and I don't think it's on the cards”.

Ballistic targets

To disable Iran’s missile capability would be another option, with a mass bombing probably conducted by some of the 39 stealthy F-35s flown by Israel’s air force.

In April, a strike damaged Iran’s Russian-supplied S-300 air defence missile system but this time the attack could be on a much larger scale, targeting batteries around the country, including Tehran.

The list could also include ammunition bunkers, launch pads, headquarters and fuel tanks as well as bases belonging to the Islamic Revolutionary Guard Corps.

An Iranian military vehicle carrying the S-300 air defence missile system. AFP
An Iranian military vehicle carrying the S-300 air defence missile system. AFP

Alternatively, the Israelis might seek to implement their grimly successful assassination programme going after top-level nuclear scientists, IRGC members or politicians. The threat has been high enough for supreme leader Ayatollah Ali Khamenei to be reportedly removed to a safe location before he delivered a sermon in Tehran on Friday.

Naval bases could also be hit alongside ports key to Iran’s exports. Alternatively, Israel might not target anything in Iran, instead selecting IRGC sites in Syria or Iraq.

“Given the very low fatalities [from Tuesday], that lessens the demand for an aggressively kinetic response,” said an Israeli security source. “There’s a realistic possibility of painful and difficult but relatively low-casualty electronic attacks on Iranian military and critical national infrastructure.”

Iran's supreme leader Ayatollah Ali Khamenei delivering a rare Friday sermon at a mosque in Tehran on Friday. AFP
Iran's supreme leader Ayatollah Ali Khamenei delivering a rare Friday sermon at a mosque in Tehran on Friday. AFP

Bombs for change

Factored into Israel’s calculations will be whether it can apply enough but not too much force to rock Iran’s already deeply unpopular regime.

“I don't think anybody believes that just by attacking a number of targets you can topple the regime, but you can create a sense of threat and maybe start something in Iranian society,” said Prof Freilich. “That's what the regime is really worried about, by making it look weak you empower people to take to the streets, that you set something in motion.”

However, he admitted a strike by Iran’s arch enemy could be “problematic” by also having a unifying effect on the population.

In this cycle of retaliation, the question remains how Iran will counter-respond, with veiled threats that Israeli civilian areas could be targeted next carrying weight given that a handful of missiles penetrated Israel’s air defences on Tuesday.

“The concept of swapping blows every now and then, and millions rushing to bomb shelters, I think we'll see more and more of that,” said Mr Harel.

The Programme

Saturday, October 26: ‘The Time That Remains’ (2009) by Elia Suleiman
Saturday, November 2: ‘Beginners’ (2010) by Mike Mills
Saturday, November 16: ‘Finding Vivian Maier’ (2013) by John Maloof and Charlie Siskel
Tuesday, November 26: ‘All the President’s Men’ (1976) by Alan J Pakula
Saturday, December 7: ‘Timbuktu’ (2014) by Abderrahmane Sissako
Saturday, December 21: ‘Rams’ (2015) by Grimur Hakonarson

SPECS
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Coffee: black death or elixir of life?

It is among the greatest health debates of our time; splashed across newspapers with contradicting headlines - is coffee good for you or not?

Depending on what you read, it is either a cancer-causing, sleep-depriving, stomach ulcer-inducing black death or the secret to long life, cutting the chance of stroke, diabetes and cancer.

The latest research - a study of 8,412 people across the UK who each underwent an MRI heart scan - is intended to put to bed (caffeine allowing) conflicting reports of the pros and cons of consumption.

The study, funded by the British Heart Foundation, contradicted previous findings that it stiffens arteries, putting pressure on the heart and increasing the likelihood of a heart attack or stroke, leading to warnings to cut down.

Numerous studies have recognised the benefits of coffee in cutting oral and esophageal cancer, the risk of a stroke and cirrhosis of the liver. 

The benefits are often linked to biologically active compounds including caffeine, flavonoids, lignans, and other polyphenols, which benefit the body. These and othetr coffee compounds regulate genes involved in DNA repair, have anti-inflammatory properties and are associated with lower risk of insulin resistance, which is linked to type-2 diabetes.

But as doctors warn, too much of anything is inadvisable. The British Heart Foundation found the heaviest coffee drinkers in the study were most likely to be men who smoked and drank alcohol regularly.

Excessive amounts of coffee also unsettle the stomach causing or contributing to stomach ulcers. It also stains the teeth over time, hampers absorption of minerals and vitamins like zinc and iron.

It also raises blood pressure, which is largely problematic for people with existing conditions.

So the heaviest drinkers of the black stuff - some in the study had up to 25 cups per day - may want to rein it in.

Rory Reynolds

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Updated: October 06, 2024, 11:51 AM