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Middle East

Officials: US strikes Iran-backed group that hit Iraq base

The U.S. launched airstrikes in Iraq Thursday, American officials said, targeting the Iranian-backed Shia militia members believed responsible for the rocket attack that killed and wounded American and British troops at a base north of Baghdad. One U.S. official said multiple strikes...

Lebanon banks set for shake-out under sovereign debt revamp

Lebanon’s banks are poised for a major shake-out as a planned restructuring of government debt is set to leave many financial players illiquid, say bankers. Banks are the largest creditors of the government, which is set to default after saying it would stop paying its foreign currency...