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Gulf War Flare-Up: What the Latest U.S.–Iran Strikes Mean for Your Wallet

  The three-month-old war between the U.S.–Israel coalition and Iran escalated again this morning. Here's a plain-English breakdown of what happened — and what it means for your gas tank and grocery bill. What Happened on June 6? U.S. forces struck Iranian coastal radar sites on Saturday, June 6, after shooting down drones launched by Iran toward the Strait of Hormuz, according to the U.S. military. The U.S. military believes the four Iranian drones were targeting regional maritime traffic. U.S. Central Command said it struck Iran's surveillance sites in Goruk and Qeshm Island, both located on the Strait of Hormuz. Iran did not take that lying down: Iran's Revolutionary Guard Corps said it had targeted U.S. bases in Kuwait and Bahrain in retaliation and fired on four tankers attempting to cross the strait without its permission. U.S. forces also helped shoot down incoming Iranian missiles and drones directed at Kuwait and Bahrain — a barrage of seven ballistic missiles in t...
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Greece Strengthens Defense with €650M Israeli Rocket Deal

A PULS multiple rocket launcher miniature and artillery rockets by Israeli Elbit Systems is exhibited at the DEFEA Defence Exhibition, in Athens.



Greece’s parliament has approved the purchase of 36 PULS (Precise and Universal Launching System) rocket artillery systems from Israel’s Elbit Systems in a deal valued at approximately €650 million ($758 million). The decision, reached late Thursday in a closed session of the Defense and Foreign Affairs Committee, marks a significant step in Greece’s ongoing military modernization program.

The PULS system is capable of firing a wide range of rockets and missiles with ranges up to 300 kilometers, offering high-precision, all-weather strike capabilities. This acquisition is expected to bolster Greece’s defense posture along its northeastern border with Turkey and enhance protection of Greek islands in the eastern Aegean.

Officials confirmed that the purchase is part of Greece’s broader €28 billion military modernization plan running until 2036, aimed at rebuilding its armed forces after the 2009–2018 financial crisis and keeping pace with Turkey’s rapid military expansion. Greece and Israel already maintain strong defense ties, including joint military exercises and an air training center in southern Greece. The two nations are also in talks to develop a €3 billion anti-aircraft and missile defense dome, further deepening their strategic cooperation.

This deal underscores Greece’s determination to strengthen its defense capabilities amid regional tensions, while also reinforcing its partnership with Israel in both military and technological domains.

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