Israeli Cabinet Approves $2.8 Billion Budget for Potential Strike against Iran

The Israeli army conducted exercises in the Golan Heights on Feb. 15 (AFP)
The Israeli army conducted exercises in the Golan Heights on Feb. 15 (AFP)
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Israeli Cabinet Approves $2.8 Billion Budget for Potential Strike against Iran

The Israeli army conducted exercises in the Golan Heights on Feb. 15 (AFP)
The Israeli army conducted exercises in the Golan Heights on Feb. 15 (AFP)

The Israeli government approved a multiyear draft general budget, to include an increase by around USD2.8 billion for a potential strike against Iran, following 36 hours of deliberations.

Prime Minister Benjamin Netanyahu boasted of approving the budget, saying that an agreement was reached on a multi-year plan for the security services and the army.

He pointed to the importance of the agreement, which he said was made unanimously with Defense Minister Yoav Gallant and Finance Minister Bezalel Smotrich, “with a little help on my part.”

Netanyahu explained that the budget would bring about a change in the course of military service, and in rewarding soldiers for service. He said that it would provide the appropriate financial reward for soldiers and officers, while shortening the period of service in order to reduce the period of engagement in the labor market, which he said constituted a tremendous change for Israel’s security and for the Israeli economy.

The budget approval comes two days after Ted Colbert, president and CEO of Boeing Defense, Space & Security, announced in Tel Aviv that Israel had requested the purchase of 50 F-15EX aircraft, and the modernization of all F-15 fighters.

Israel is planning to ask the US to sell its new 5,000 pound GBU-72 bomb to the Israeli army. The bomb weighs 5,000 pounds and can be used to strike underground Iranian nuclear sites.

The Israeli army had obtained USD1.5 billion in the 2021 budget to purchase weapons for the possible war with Iran. This year, it requested an additional USD3 billion, of which it obtained USD2.8 billion.



Thousands Stage Pro-Gaza Rally in Istanbul

Demonstrators gather on the Galata Bridge holding Palestinian and Turkish flags during a pro-Palestinian rally in Istanbul, Türkiye, Thursday, Jan. 1, 2026. (AP Photo/Khalil Hamra)
Demonstrators gather on the Galata Bridge holding Palestinian and Turkish flags during a pro-Palestinian rally in Istanbul, Türkiye, Thursday, Jan. 1, 2026. (AP Photo/Khalil Hamra)
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Thousands Stage Pro-Gaza Rally in Istanbul

Demonstrators gather on the Galata Bridge holding Palestinian and Turkish flags during a pro-Palestinian rally in Istanbul, Türkiye, Thursday, Jan. 1, 2026. (AP Photo/Khalil Hamra)
Demonstrators gather on the Galata Bridge holding Palestinian and Turkish flags during a pro-Palestinian rally in Istanbul, Türkiye, Thursday, Jan. 1, 2026. (AP Photo/Khalil Hamra)

Thousands joined a New Year's Day rally for Gaza in Istanbul Thursday, waving Palestinian and Turkish flags and calling for an end to the violence in the tiny war-torn territory.

Demonstrators gathered in freezing temperatures under cloudless blue skies to march to the city's Galata Bridge for a rally under the slogan: "We won't remain silent, we won't forget Palestine," an AFP reporter at the scene said.

More than 400 civil society organizations were present at the rally, one of whose organizers was Bilal Erdogan, the youngest son of Turkish President Recep Tayyip Erdogan.

Police sources and Anadolou state news agency said some 500,000 people had joined the march at which there were speeches and a performance by Lebanese-born singer Maher Zain of his song "Free Palestine".

"We are praying that 2026 will bring goodness for our entire nation and for the oppressed Palestinians," said Erdogan, who chairs the board of the Ilim Yayma Foundation, an educational charity that was one of the organizers of the march.

Türkiye has been one of the most vocal critics of the war in Gaza and helped broker a recent ceasefire that halted the deadly war waged by Israel in response to Hamas' unprecedented attack on October 7, 2023.

But the fragile October 10 ceasefire has not stopped the violence with more than more than 400 Palestinians killed since it took hold.


Ukraine Says Overnight Russian Drone Attack Damaged Power Infrastructure

In this handout photograph taken by the Ukrainian Emergency Service and released on January 1, 2025, Ukrainian firefighters extinguish a fire at the site following an air attack in Odesa region, amid the Russian invasion of Ukraine. (Photo by UKRAINIAN EMERGENCY SERVICE / AFP)
In this handout photograph taken by the Ukrainian Emergency Service and released on January 1, 2025, Ukrainian firefighters extinguish a fire at the site following an air attack in Odesa region, amid the Russian invasion of Ukraine. (Photo by UKRAINIAN EMERGENCY SERVICE / AFP)
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Ukraine Says Overnight Russian Drone Attack Damaged Power Infrastructure

In this handout photograph taken by the Ukrainian Emergency Service and released on January 1, 2025, Ukrainian firefighters extinguish a fire at the site following an air attack in Odesa region, amid the Russian invasion of Ukraine. (Photo by UKRAINIAN EMERGENCY SERVICE / AFP)
In this handout photograph taken by the Ukrainian Emergency Service and released on January 1, 2025, Ukrainian firefighters extinguish a fire at the site following an air attack in Odesa region, amid the Russian invasion of Ukraine. (Photo by UKRAINIAN EMERGENCY SERVICE / AFP)

A Russian drone attack damaged power infrastructure in several Ukrainian regions overnight, Ukraine's energy ministry said on Thursday.

The ministry said a "significant number" of households in the ⁠Volyn and Odesa regions - in northwestern and southwestern Ukraine, respectively - were disconnected from power supplies by the ⁠strike, as well as some in the Chernihiv region north of the capital Kyiv.

The governor of Volyn said more than 103,000 households in that region had ⁠lost power as a result of the attack. Volyn region is several hundred kilometers from the front line and borders NATO member Poland.

Meanwhile, the Ilskiy oil refinery in Russia's southern Krasnodar region was hit by debris from a Ukrainian drone, causing a fire which ⁠had been put out overnight, local authorities said on Thursday.

Ukrainian drones also struck an energy storage facility in the Russian city of Almetyevsk, causing a fire that has since ⁠been extinguished, Russian media cited the press service of the local governor as saying.

Almetyevsk ⁠is located around 1,700 km from Ukrainian-held territory, in the oil-rich Volga river region of Tatarstan.

Kyiv has since August stepped ⁠up drone attacks on Russia's energy infrastructure in an effort to squeeze Moscow's ability to finance its military campaign in Ukraine.

The Russian-installed governor of Ukraine's southern Kherson region accused Ukraine on Thursday of killing at least 24 people, including a child, in a drone strike on a hotel and cafe where New Year celebrations were being held.

The governor, Vladimir Saldo, made the allegation in a statement on the Telegram messaging service. A local pro-Russian news outlet published pictures of a badly damaged building, where it said the strike took place.

Ukraine's military did not immediately respond to an emailed request for comment. Reuters was not able to ⁠immediately verify the images or the allegation.


‘Several Tens’ Dead, About 100 Injured in Fire at Swiss Alps Resort During New Year’s Celebration

 Police officers inspect the area where a fire broke out at the Le Constellation bar and lounge leaving people dead and injured, during New Year’s celebration, in Crans-Montana, Swiss Alps, Switzerland, Thursday, Jan. 1, 2026. (Alessandro della Valle/Keystone via AP)
Police officers inspect the area where a fire broke out at the Le Constellation bar and lounge leaving people dead and injured, during New Year’s celebration, in Crans-Montana, Swiss Alps, Switzerland, Thursday, Jan. 1, 2026. (Alessandro della Valle/Keystone via AP)
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‘Several Tens’ Dead, About 100 Injured in Fire at Swiss Alps Resort During New Year’s Celebration

 Police officers inspect the area where a fire broke out at the Le Constellation bar and lounge leaving people dead and injured, during New Year’s celebration, in Crans-Montana, Swiss Alps, Switzerland, Thursday, Jan. 1, 2026. (Alessandro della Valle/Keystone via AP)
Police officers inspect the area where a fire broke out at the Le Constellation bar and lounge leaving people dead and injured, during New Year’s celebration, in Crans-Montana, Swiss Alps, Switzerland, Thursday, Jan. 1, 2026. (Alessandro della Valle/Keystone via AP)

“Several tens of people” are presumed dead and about 100 injured, most of them seriously, following a fire at a Swiss Alps resort town bar during a New Year’s celebration, police said Thursday.

Specific casualty figures were not immediately available from the fire at the bar called bar called Le Constellation.

Beatrice Pilloud, attorney general of the Valais Canton, said it was too early to determine the cause of the fire. Experts have not yet been able to go inside the wreckage.

Police said they could not immediately be more precise about how many people had been killed in the blaze.

The injured were so numerous that the intensive care unit and operating theater at the regional hospital quickly hit full capacity, according to regional councilor Mathias Rénard.

Helicopters and ambulances rushed to the scene to assist victims, including some from different countries, officials said.

“We are devastated,” Frédéric Gisler, commander of the Valais Cantonal police, said during a news conference.

The municipality had banned New Year’s Eve fireworks due to lack of rainfall in the past month, according to its website.

In a region busy with tourists skiing on the slopes, the authorities have called on the local population to show caution in the coming days to avoid any accidents that could require medical resources that are already overwhelmed.

The community is in the heart of the Swiss Alps, just 40 kilometers (25 miles) north of the Matterhorn, one of the most famous Alpine peaks, and 130 kilometers (81 miles) south of Zurich.

The highest point of Crans-Montana, with a population of 10,000 residents, sits at an elevation of nearly 3,000 meters (1.86 miles), according to the municipality’s website, which says officials are seeking to move away from a tourist culture and attract high-tech research and development.

The municipality was formed only nine years ago, on Jan. 1, 2017, when multiple towns merged. It extends over 590 hectares (2.3 square miles) from the Rhône Valley to the Plaine Morte glacier.