The White House Clarifies Its Middle East Policy: Détente with Iran and Cold War with Israel

The nasty comments about Benjamin Netanyahu recently leaked by administration officials are part of a deliberate plan to “undercut” the Israeli prime minister, argues Lee Smith. For years, the White House has tried to do the same with leaks about covert Israeli strikes on arms shipments to Hizballah and the like. Now it is clear that the President wants to make sure Israel doesn’t get in the way of a bad deal with Iran. Smith writes:

[T]he White House is openly boasting that it bought the Iranians enough time to get across the finish line. Obama has insisted for five years that his policy is to prevent a nuclear Iran from emerging. In reality, his policy all along was to deter Israel from striking Iranian nuclear facilities. The way Obama sees it, an Iranian bomb may not be desirable, but it’s clearly preferable to an Israeli attack. Not only would an Israeli strike unleash a wave of Iranian terror throughout the region—and perhaps across Europe and the United States as well—it would also alienate what the White House sees as a potential partner.

Read more at Weekly Standard

More about: Barack Obama, Benjamin Netanyahu, Iran

Despite the Toll of War at Home and Rising Hostility Abroad, Investors Are Still Choosing Israel

When I first saw news that Google wasn’t going through with its acquisition of the tech startup Wiz, I was afraid hesitancy over its Israeli founders and close ties with the Jewish state might have something to do with it. I couldn’t have been more wrong: the deal is off not because of Google’s hesitancy, but because Wiz feared the FTC would slow down the process with uncertain results. The company is instead planning an initial public offering. In the wake of the CrowdStrike debacle, companies like Wiz have every reason to be optimistic, as Sophie Shulman explains:

For the Israeli cyber sector, CrowdStrike’s troubles are an opportunity. CrowdStrike is a major competitor to Palo Alto Networks, and both companies aim to provide comprehensive cyber defense platforms. The specific issue that caused the global Windows computer shutdown is related to their endpoint protection product, an area where they compete with Palo Alto’s Cortex products developed in Israel and the SentinelOne platform.

Friday’s drop in CrowdStrike shares reflects investor frustration and the expectation that potential customers will now turn to competitors, strengthening the position of Israeli companies. This situation may renew interest in smaller startups and local procurement in Israel, given how many institutions were affected by the CrowdStrike debacle.

Indeed, it seems that votes of confidence in Israeli technology are coming from many directions, despite the drop in the Tel Aviv stock exchange following the attack from Yemen, and despite the fact that some 46,000 Israeli businesses have closed their doors since October 7. Tel Aviv-based Cyabra, which creates software that identifies fake news, plans a $70 million IPO on Nasdaq. The American firm Applied Systems announced that it will be buying a different Israeli tech startup and opening a research-and-development center in Israel. And yet another cybersecurity startup, founded by veterans of the IDF’s elite 8200 unit, came on the scene with $33 million in funding. And those are the stories from this week alone.

But it’s not only the high-tech sector that’s attracting foreign investment. The UK-based firm Energean plans to put approximately $1.2 billion into developing a so-far untapped natural-gas field in Israel’s coastal waters. Money speaks much louder than words, and it seems Western businesses don’t expect Israel to become a global pariah, or to collapse in the face of its enemies, anytime soon.

Read more at Calcalist

More about: cybersecurity, Israeli economy, Israeli gas, Israeli technology, Start-up nation