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Soleimani killing part of new strategy of ‘real deterrence,’ says Pompeo

US Secretary of State Mike Pompeo on Monday said Qassem Soleimani was killed as part of a broader strategy of deterring challenges by US foes that also applies to China and Russia, further diluting the assertion that the top Iranian general was struck because he was plotting imminent attacks on US targets.
In his speech at Stanford University’s Hoover Institute, Pompeo made no mention of the threat of imminent attacks planned by Soleimani. It only was in response to a question that he repeated his earlier assertion that pre-empting such plots was the reason for the January 3 American drone strike on Iran’s second most powerful official.
His speech, “The Restoration of Deterrence: The Iranian Example,” focused on what he called an administration strategy to establish “real deterrence” against Iran following earlier Republican and Democratic policies that encouraged Tehran’s “malign activity.”
Democratic and some Republican lawmakers have challenged the administration over the self-defense rationale supported by undisclosed intelligence over imminent attacks. US President Donald Trump has said the potential targets included four US embassies.
On Sunday, Defense Secretary Mark Esper said he had seen no intelligence forewarning of imminent attacks on embassies.
Trump on Monday added new fuel to the controversy by saying “it really doesn’t matter” whether Soleimani posed an imminent threat.
Pompeo said there was “a bigger strategy” behind the killing of Soleimani, the commander of the Quds Force, Iran’s elite foreign espionage and paramilitary force.
“President Trump and those of us in his national security team are re-establishing deterrence - real deterrence ‒ against the Islamic Republic of Iran,” he said.
“Your adversary must understand not only that you have the capacity to impose cost but that you’re in fact willing to do so,” Pompeo said, adding that the 2015 Iranian nuclear deal from which Trump withdrew in 2018 had emboldened Tehran.
“America now enjoys the greatest position of strength regarding Iran we’ve ever been in,” he said, pointing to the damage done to the Iranian economy by US sanctions that Trump re-imposed following his withdrawal from the nuclear deal.
“The importance of deterrence isn’t confined to Iran,” Pompeo said. “In all cases, we must deter foes to defend freedom. That’s the whole point of President Trump’s work to make our military the strongest it’s ever been.”
He cited the resumption of lethal military aid to Ukraine for defense against Russia-backed separatists, Trump’s withdrawal from an arms control accord with Moscow and tests of a new US intermediate-range cruise missile.
Pompeo also pointed to increased US naval exercises in the South China Sea in response to China’s militarization of disputed islands and Trump’s imposition of tariffs on Chinese imports as aspects of the administration’s deterrence strategy.
“We’re restoring credibility to deterrence,” he said.
source: Reuters
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BENEFIT AGM approves 10%...
- March 27, 2025
BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).
Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.
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