Israel
Israel’s economy: A Banana Republic run by monopolies
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
Iran said it would continue to defend itself against Israel during a UN Security Council session on Friday, while Israel's UN ambassador vowed that his country would not stop its attacks until Iran's nuclear threat is dismantled.
Israel's Permanent Representative to the United Nations Danny Danon speaks during a meeting of the United Nations Security Council, about the conflict between Israel and Iran, at U.N. headquarters in New York City, U.S., June 20, 2025. Reuters/Brendan McDermid
Iran said it would continue to defend itself against Israel during a UN Security Council session on Friday, while Israel's UN ambassador vowed that his country would not stop its attacks until Iran's nuclear threat is dismantled.
"We will not stop," Israeli UN Ambassador Danny Danon said. "Not until Iran's nuclear threat is dismantled, not until its war machine is disarmed, not until our people and yours are safe."
Iran's UN Ambassador Amir Saeid Iravani urged the Security Council to take action.
"Israel apparently declared that it will continue this strike for as many days as it takes. We are alarmed by credible report that the United States... may be joining this war," he said.
Reporting by Doina Chiacu and David Brunnstrom
Israel increasingly resembles an economy captured by monopolies, where a small circle of powerful interests dominates key sectors and ordinary consumers foot the bill.
Israeli Prime Minister Benjamin Netanyahu accused Hamas on Wednesday of violating the Gaza ceasefire agreement after a military officer was wounded by an explosive device in Rafah and Israel vowed retaliation.
Israeli Defence Minister Israel Katz said on Tuesday that the military would never fully withdraw from the Gaza Strip for security reasons and that a civilian-military army unit would be established in the Palestinian enclave.
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