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Exclusive-Iran to get Chinese shoulder-launched missile systems in weeks, sources say

Exclusive-Iran to get Chinese shoulder-launched missile systems in weeks, sources say

By John Irish and Jonathan Saul July 29 (Reuters) - Iran is expected to receive within weeks a first shipment out of up to 400 Chinese-made shoulder-fired air-defence missile launchers, three sources familiar with the deal told Reuters, as it rebuilds its defences amid war with the United States.
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Iran to Receive Chinese Air-Defense Missiles Amid Ongoing Conflict

Iran to Receive Chinese Air-Defense Missiles Amid Ongoing Conflict

Iran is set to receive a shipment of up to 400 Chinese-made shoulder-fired air-defense missile launchers within weeks, as part of its efforts to bolster its short-range air defenses. The deal, valued at $60-70 million, involves the purchase of man-portable air defense systems (MANPADS), including the QW-12 and FN-16 models. This acquisition is one of Iran's most significant attempts to enhance its air defense capabilities since the conflict with the United States and Israel began. The agreement was facilitated by Zhongqing Baoshang International Investment, a Hong Kong-based company acting as an intermediary. Despite the sensitivity of the deal, Iran and China have not publicly commented on the transaction.
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Trump says will hit Iran hard after attack, was briefed on Egypt tanker

Trump says will hit Iran hard after attack, was briefed on Egypt tanker

WASHINGTON, July 29 (Reuters) - President Donald Trump said on Wednesday the United States would hit Iran very hard after an attack on the U.S. military in Jordan. "So it's our turn," Trump told reporters at the White House.
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Recent fighting with Iran further draws down key US air defense stockpiles, analysis says

Recent fighting with Iran further draws down key US air defense stockpiles, analysis says

A Washington think tank says recent fighting with Iran has used up more of the U.S. military’s stockpiles of advanced air defense systems
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In major Middle East escalation, security firm says drone hits storage tanker at Egyptian port

In major Middle East escalation, security firm says drone hits storage tanker at Egyptian port

By Marwa Rashad, Mohamed Ezz and Yasmine Ghania LONDON/CAIRO, July 29 (Reuters) - A drone hit a U.S.-owned gas storage tanker at Egypt's Mediterranean port of Damietta, British maritime security firm Ambrey said in an initial assessment on Wednesday, in what could mark a widening of the Middle East
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US issues new Iran-related sanctions targeting insurers, more tankers

US issues new Iran-related sanctions targeting insurers, more tankers

By Andrea Shalal and Daphne Psaledakis WASHINGTON, July 29 (Reuters) - The United States on Wednesday issued another round of Iran-related sanctions, taking aim at Iran's efforts to "monetize the Strait of Hormuz" with designations of 10 entities and eight more tankers, the U.S.
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US strikes $58.6 billion Patriot missile deal amid rising stockpile concerns

US strikes $58.6 billion Patriot missile deal amid rising stockpile concerns

By Mike Stone WASHINGTON, July 29 (Reuters) - The U.S. Army awarded Lockheed Martin a contract worth up to $58.6 billion to produce Patriot interceptor missiles, the Pentagon said on Wednesday, as conflicts in Iran and Ukraine strain U.S. weapons stockpiles.
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Asian stock rout deepens on AI worries ahead of tech earnings

Asian stock rout deepens on AI worries ahead of tech earnings

By Ankur Banerjee SINGAPORE, July 29 (Reuters) - Asian stocks slid on Wednesday extending a brutal selloff as anxiety about AI valuations, rising competition and spending rocked markets ahead of crucial earnings from big tech firms and a U.S. Federal Reserve policy decision.
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US military says latest strikes on Iran last two hours, hitting dozens of targets

US military says latest strikes on Iran last two hours, hitting dozens of targets

By Kanishka Singh and Jasper Ward WASHINGTON, July 29 (Reuters) - The U.S. military said on Wednesday it completed its latest wave of strikes on Iran, which lasted two hours and hit dozens of targets, with Washington casting the strikes as a "powerful response" to Iranian missiles launched towards
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US-Iran conflict enters new phase as Saudi Arabia helps hit proxies and diplomacy stalls again

US-Iran conflict enters new phase as Saudi Arabia helps hit proxies and diplomacy stalls again

The stop-start fighting between the United States and Iran appears to have entered a new phase as Saudi Arabia has publicly joined military escalations against Tehran-backed proxies
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Mediators see progress in diplomatic efforts to halt Iran war, 2 regional officials say

Mediators see progress in diplomatic efforts to halt Iran war, 2 regional officials say

Mediators have made progress in efforts to bring the United States and Iran back to negotiations and prevent an all-out war in the Middle East, according to two regional officials
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Gulf states back plan to let Iran collect voluntary fees to use Hormuz

Gulf states back plan to let Iran collect voluntary fees to use Hormuz

By Timour Azhari and Parisa Hafezi DUBAI, July 28 (Reuters) - Oman has won backing from Gulf states for a plan that would let Tehran collect voluntary fees to use the Strait of Hormuz, a Gulf source told Reuters on Tuesday, a path towards ending the disruption to oil trade caused by the U.S.-Israeli