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Chuck Schumer and Mitch McConnell visit Israel and meet with Netanyahu amid looming crises
(JTA) — Judging from the photos and the tweets, it looked like a set of normal Congressional delegations to Israel: Senators posing with Israeli Prime Minister Benjamin Netanyahu. The U.S. ambassador declaring that “Bipartisanship is alive and well in Israel!!” Pledges of mutual support amid external threats. Sen. Chuck Schumer standing arm-in-arm with Netanyahu, grinning.
But these are not normal times in Israel, where the Netanyahu government is advancing legislation to sap the power of the judiciary, drawing hundreds of thousands of people into the streets in protest. On top of that, a wave of violence is cresting over Israel and the West Bank: An Israeli raid on militants in the West Bank city of Nablus this week killed 11 Palestinians, and the State Department said it was “deeply concerned.”
Both of those crises were crescendoing as Schumer, the Jewish Democrat and Senate majority leader — as well as the Republican minority leader, Mitch McConnell of Kentucky — led delegations of their parties’ senators to the country. A few other delegations of current and former U.S. lawmakers also descended on Israel this week.
Neither Schumer nor McConnell spoke out about the court reform, and they did not respond to requests for comment on it. But it was a subtext of some politicians’ public statements. And earlier in the week, McConnell — along with several other Republican politicians — addressed the Hertog Forum, a conference organized by the Tikvah Fund, a conservative group that is underwritten by American Jewish philanthropists who are sympathetic to the judiciary reform.
“We see you as a staunch ally on so many issues, you’re going to see here of course the internal and external issues that are on our agenda,” Israeli President Isaac Herzog told Schumer. He explicitly mentioned external issues, including threats from Iran and efforts by Israel and the Biden administration to expand normalization agreements between Israel and its Arab neighbors.
But the “internal” issue preoccupying Herzog right now is Netanyahu’s court overhaul. Herzog has thrown himself into efforts to get the governing coalition to put the brakes on the changes and enter into negotiations with the opposition.
Schumer picked up on the hint and praised Herzog for his skills at conciliation. “You give everybody a great deal of optimism, somebody like you in this position with your talent and your ability to bring people together and listen to all sides,” Schumer said.
Biden administration officials have called for a pause on proposed reforms, which could endanger civil rights protections in Israel. In addition to being the administration’s top ally in the Senate, Schumer is one of his party’s staunchest supporters of Israel.
Schumer’s emphasis on Herzog’s aptitude at “bringing people together” was telling: Israeli presidents are not generally expected to be professional conciliators (though Herzog’s predecessor took that role on as well). The job has historically been mostly ceremonial, with a focus on diplomatic representation to other nations.
But Herzog, in a dramatic speech last week, begged to play a new more involved role, as Israel faces a potential constitutional crisis and protests against the reforms go on.
For his part, Schumer in his remarks with Herzog noted that the delegation “is a very powerful group of senators, each head of a major committee or major area and we wanted to stop in Israel.” Among the delegation were Rhode Island’s Jack Reed, who heads the armed services committee, and Oregon’s Ron Wyden, one of the most influential lawmakers in the area of intelligence.
The judiciary reforms did apparently come up in meetings Netanyahu had with a third congressional delegation, organized by an affiliate of the American Israel Public Affairs Committee. This delegation was solidly aligned with AIPAC’s traditional pro-Israel positions, and in interviews with the Times of Israel, two members of he delegation said the proposed judiciary reforms did not trouble them.
“At the end of the day, the changes that are made or not made, I still think that Israel is a very strong democracy, the only democracy in the Middle East, and I think our relationship continues to get stronger,” said Rep. Juan Vargas, a California Democrat who is among the closest in his caucus to AIPAC. Agreed Texas Republican Rep. Randy Weber: Netanyahu is “going to get this done.”
No one mentioned, at least not in public statements, the recent wave of Israeli-Palestinian violence. Releases from Netanyahu’s office were anodyne, praising the friendship of senators from both parties.
The American and Israeli leaders did openly discuss Iran as well as the Abraham Accords, the normalization agreements between Israel and several Arab countries. It may have been a sign that Netanyahu hopes Schumer is in the same place he was in 2015, when the senator was one of the few Democrats who opposed the Iran nuclear deal brokered by the Obama administration.
President Joe Biden entered office pledging to reenter the deal, which former President Donald Trump had abandoned at Netanyahu’s behest. But in recent months Biden officials have said that talks to reenter the deal are all but dead.
Among the other congressional delegations in Israel was one including Sen. Tom Cotton, the Arkansas Republican who is said to have presidential ambitions. Former Secretary of State Mike Pompeo, who is weighing a presidential run, was also in Israel. Pompeo and Cotton are both close to Saudi Arabia — Cotton posed with its de facto leader, Mohammed bin Salman, on his way to Israel — and Netanyahu has made clear his strong desire to normalize relations with the kingdom.
Netanyahu also met with a delegation of Democratic lawmakers organized by J Street, the liberal Israel advocacy group.
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Somalia’s South West State Says It Has Severed Ties With the Federal Government
FILE PHOTO: Somalia’s presidential candidate of South West state Abdiaziz Hassan Mohamed speaks inside the Somali Parliament house in Mogadishu, Somalia April 30, 2018. Photo: REUTERS/Feisal Omar/File Photo
Somalia’s South West state said on Tuesday it was suspending all cooperation and relations with the government in Mogadishu, the latest sign of strain in the Horn of Africa country’s fragile federal system.
At a press conference, South West officials accused the federal government of arming militias and trying to unseat the state’s president, Abdiaziz Hassan Mohamed Laftagareen. Somalia’s defense and information ministers did not respond to Reuters’ requests for comment.
Disputes over constitutional changes, elections and the balance of power between Mogadishu and regional administrations repeatedly open up political fault lines in Somalia. The South West administration says relations with Mogadishu worsened after the federal government pushed through constitutional amendments opposed by some state leaders.
Travel agencies told Reuters on Tuesday that commercial flights between Mogadishu and Baidoa, the administrative capital of South West state, had been halted. Humanitarian flights, including for United Nations operations, were continuing. Baidoa, which lies about 245 km (150 miles) northwest of Mogadishu, is a politically and militarily sensitive city because it hosts federal troops, regional security forces and international humanitarian operations in a zone affected by drought, conflict and displacement.
The Mogadishu government’s relations with other states have also been fraught. Somaliland declared independence in 1991 and has long been outside Mogadishu’s control. The administration of semi-autonomous Puntland said in March 2024 it would no longer recognize the federal government until disputed constitutional amendments were approved in a nationwide referendum.
Semi-autonomous Jubbaland suspended ties with Mogadishu in November 2024 in a dispute over regional elections.
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Report: Iran Sees Control of Strait of Hormuz as Victory Over US, Israel
An LPG gas tanker at anchor as traffic is down in the Strait of Hormuz, amid the U.S.-Israeli conflict with Iran, in Shinas, Oman, March 11, 2026. Photo: REUTERS/Benoit Tessier/File Photo
i24 News – Iran is showing no indication it is ready to end the war with the United States and Israel, as officials say Tehran is relying on its control over the Strait of Hormuz to increase global economic pressure and strengthen its position.
According to regional officials cited by The Washington Post, Iran is rejecting diplomatic efforts to identify an off-ramp and instead escalating attacks on neighboring countries. An Iranian diplomat said the strategy is to “make this aggression super expensive for the aggressors,” as Tehran faces sustained military pressure.
The Strait of Hormuz remains central to Iran’s calculations. The waterway carries roughly one-fifth of global fuel shipments, and its partial closure has disrupted energy markets. US President Donald Trump issued a 48-hour deadline for Iran to reopen the route, warning of further escalation if it does not comply.
Iranian officials and diplomats said the leadership views its ability to maintain pressure through the strait as a short-term success, even as infrastructure damage mounts. “They don’t feel any pressure to negotiate,” one European diplomat based in the Gulf said, adding that Iran sees its influence over oil markets as a form of leverage.
At the same time, efforts to mediate a ceasefire have so far failed. Officials from Qatar and Oman approached Iran last week, but Tehran said it would only engage if US and Israeli strikes stopped first. An Iranian diplomat said the country would not accept a “premature ceasefire” and is seeking guarantees, including compensation and commitments to prevent future attacks.
The war has already caused significant damage. The Pentagon says more than 15,000 targets have been struck across Iran, while Iranian authorities report over 1,200 civilian deaths. The conflict has also expanded regionally, with Iranian strikes targeting energy infrastructure in Gulf states following attacks on its own facilities.
Despite mounting losses, analysts say Iran’s leadership believes prolonging the conflict could shift pressure onto Washington and its allies through rising energy prices and regional instability. “We’re still on an escalatory path,” said Alan Eyre, a former US official, adding that Tehran is attempting to “up the costs” rather than move toward negotiations.
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Persistent Iran War, Energy Price Surge Set to Sway Wavering Stocks
Stock ticker. Photo: Ahmad Ardity/Wikimedia Commons.
A Middle East crisis that has convulsed markets should remain the focal point for Wall Street in the near term, as investors stay glued to developments in Iran and the fallout from surging energy prices.
As the US-Israeli war on Iran stretches to three weeks, an over 40% jump in oil prices is driving worries about higher inflation and stagnating economic growth.
Inflationary concerns on Friday were prompting markets to rule out any equity-friendly interest rate cuts this year, which investors previously had been counting on, with futures trading instead suggesting modest chances of hikes in 2026. Federal Reserve Chair Jerome Powell expressed deep uncertainty at the US central bank’s meeting on Wednesday about how the crisis would factor into the economy, muddying its ability to forecast conditions ahead.
US stocks suffered sharp declines to end the week. The benchmark S&P 500 stock index posted its fourth straight weekly decline and hit a six-month low, while the Nasdaq Composite ended down nearly 10% below its October all-time high.
Middle East tensions escalated this week. Iran attacked energy facilities across the region following Israel’s strike on its gas field, while officials told Reuters on Friday that the US military is deploying thousands of Marines to the Middle East.
“This is a situation that’s so fluid,” said Chris Fasciano, chief market strategist at Commonwealth Financial Network. “We could have a resolution in the next week or it could go on for some time. And the longer it goes on, you start to think about the impacts it could have on the US economy.”
WATCHING OIL, STOCKS’ ‘ORDERLY’ REACTION
Swings in crude prices have rippled through asset classes. US crude settled around $98 a barrel on Friday, while Brent ended around $112. In addition to the attacks on energy infrastructure, traffic has stalled in the Strait of Hormuz, through which around a fifth of the world’s crude oil and liquefied natural gas normally passes.
The 20-day correlation between the S&P 500 and US crude stood at -0.89 late on Friday, according to LSEG data, a strong inverse relationship that showed they have tended to move in opposite directions.
“If you’re a trader, you watch oil prices because I do think that that’s generally giving the leading indicator as to how the financial markets are viewing the outlook for the conflict,” said Eric Kuby, chief investment officer at North Star Investment Management Corp.
The S&P 500 energy sector, which includes shares of oil companies, has gained since crude prices began to spike in late February, but the group accounts for less than a 4% weight in the benchmark index.
The latest declines left the S&P 500 down 6.8% from its record closing high set in late January. The pullback has mostly lacked the chaotic quality of the abrupt equity slide last April following President Donald Trump’s “Liberation Day” tariff announcement that set off broad economic worries, Fasciano said.
“This has been fairly orderly, which I think is an encouraging sign,” Fasciano said. “And I think it’s because the underlying fundamentals for corporate America are still fairly robust and are offering some support.”
TREASURY YIELDS, MARKET TECHNICALS ALSO IN FOCUS
Fast-climbing Treasury yields, driven higher by the energy price spike and caution from global central banks, were looming as a risk factor for stocks. The benchmark 10-year Treasury yield was last at 4.38% on Friday, its highest level since last summer.
Keith Lerner, chief investment officer at Truist Advisory Services, said he was watching whether the 10-year Treasury yield sustainably rises above 4.3%, which could increase pressure on stocks, while he was also eyeing 4.5% as a key level.
“Rates going higher means borrowing costs are somewhat higher. And then that could actually slow the economy,” Lerner said. “At some point, if they keep going higher, then the relative attractiveness of (bond) yields becomes more attractive relative to equities.”
Stocks were also around key technical levels. The S&P 500 on Thursday closed below its 200-day moving average — a closely watched long-term trendline — for the first time since May. With another decline on Friday, the index ended at its lowest point since September and fell below November lows that strategists had also identified as worrisome levels.
Reports on manufacturing, services activity and consumer sentiment highlight a relatively light week ahead for US economic data. A major energy conference in Houston that will feature top global industry executives could draw Wall Street’s attention.
Events in Iran were likely to loom largest. In a note on Thursday morning, analysts at UBS Global Wealth Management said the latest developments were “pushing markets to price in a higher risk of prolonged conflict, deeper infrastructure damage and higher-for-longer crude prices.”
“While a less damaging outcome in the Strait of Hormuz remains possible, recent events have narrowed that path and heightened the risk of continued volatility,” the UBS analysts said.