US pension fund invests hundreds of millions in weapons firms supplying Israel
The Cradle | April 27, 2026
The Virginia Retirement System (VRS), which manages pension benefits for the US state of Virginia’s public sector workers, holds a staggering $394 million in investments linked to weapons makers and shipping companies supporting Israel’s genocide of Palestinians in Gaza and wars on Lebanon and Iran, according to a 23 April report released by a coalition of Palestinian advocacy groups.
The report was prepared by the VRS Divest from Weapons & War campaign, the Palestinian Youth Movement (PYM), and the People’s Embargo for Palestine. It draws on publicly available financial data and records obtained through Freedom of Information Act requests.
The report presents a detailed accounting of the VRS’s investments in many of the world’s largest weapons makers as part of its $122 billion portfolio.
Lockheed Martin is the VRS’s single largest holding at $94.8 million. The firm produces the F-35 fighter jet and AGM-114 Hellfire missiles. Both have been used extensively by the Israeli military during its more than two-year Genocide of Palestinians in Gaza.
The Virginia pension system is also invested in Boeing, which manufactures precision-guided munitions, known as JDAMs, that are used to kill and maim children in Gaza.
Other investments include General Dynamics, Northrop Grumman, Raytheon, Maersk, and Thyssenkrupp, all of which either manufacture or ship weapons for use by the Israeli military in Gaza, Lebanon, and Iran.
“These companies are critical in maintaining the weapons supply to Israel and the resulting massacres of thousands of people across the Middle East,” Bana Husseini, an organizer with the VRS Divest campaign and the Palestinian Youth Movement, told TRT World.
Husseini and other activists are lobbying the VRS to divest from companies supporting Israel’s military and its genocide and wars. A petition calling for divestment has gathered nearly 4,500 signatures.
However, the pension system has continued to express its support for Israel.
“The VRS has responded by dismissing the campaign’s demands, arresting a firefighter for delivering the petition, inviting a notorious war criminal to their yearly retreat, and further collaborating with war profiteers,” Husseini explained.
Joelle Rudney, a retired teacher from Virginia, told TRT World she was upset to learn her pension was invested “in the bombings of hospitals, schools, and houses in Gaza in attacks that have killed nearly 70,000 people, mostly civilians.”
In response, she has helped lobby the VRS Board of Trustees to divest from the companies supporting Israel’s war crimes.
Casey Rosales, a county public servant who has worked in mental health services, was also angered to learn how her pension contributions are being invested.
“It’s difficult to reconcile the fact that while I dedicate my career to supporting and strengthening communities, the money I earn may be contributing to harm elsewhere,” Rosales stated.
A Virginia public utilities employee said she felt betrayed to learn the money she contributes to her retirement fund is supporting genocide.
“It is profoundly sad that while doing work to help men, women, and children with health care services and resources here in Virginia, my tax money goes to buying and owning shares in companies contributing to genocide,” the employee stated.
“I demand the VRS Board of Trustees divest from these companies and commit to never again invest our future into the manufacturing of death,” the employee told TRT World.
Israel’s genocide of Palestinians in Gaza has killed over 72,000 Palestinians, the majority women and children. Tens, if not hundreds, of thousands more will likely die due to the indirect effects of years of Israeli bombing that has destroyed the basic health, electricity, and water infrastructure in the strip and displaced nearly 90 percent of the population.
US bill to grant Americans serving in Israeli army same rights as US troops
MEMO | April 27, 2026
US lawmakers push to grant American soldiers serving in the Israeli army the same legal protections as US troops, in a move without precedent for any other foreign army. The bill would place some 20,000 dual citizens fighting for Israel on a legal par with Americans serving the US.
Details of the Israel first carve out was reported in Military.com. The legislation passing through Congress would, for the first time in American history, treat service in a foreign army as legally equivalent to service in the US armed forces — but only where that foreign army is Israeli occupation army.
House Resolution 8445, tabled by Republican Congressmen Guy Reschenthaler of Pennsylvania and Max Miller of Ohio, would amend Title 38 of the US Code so that Americans who fight for Israel are treated “in the same manner as service in the uniformed services” of the US. Over 20,000 American citizens serving in the Israeli military are expected to benefit if the changes come into effect.
US veterans’ benefits and military protections are, under existing law, tied to service in the American armed forces. The Bill departs from that principle by extending two of the most consequential US protections to Americans fighting for a foreign state. The Servicemembers Civil Relief Act caps interest rates on debt during active service and halts evictions and foreclosures. The Uniformed Services Employment and Reemployment Rights Act compels American employers to hold open the jobs of those called to service.
Under H.R. 8445, an American returning from a tour with the IDF could demand their old job back from a US employer, halt a foreclosure on a US home, and benefit from interest-rate caps on US debt on the basis of foreign military service.
Americans have served in foreign militaries for as long as the US has existed — in the French Foreign Legion, in the Australian and New Zealand armed forces, and, since 2022, in the International Legion for the Defence of Ukraine. No comparable legislation has ever been seriously advanced for any of those forces. The State Department’s standing position is that Americans who fight abroad do so at their own risk and should not expect support from the US government.
H.R. 8445 is therefore not part of a broader policy trend. It is exclusive to the IDF.
IDF personnel, meanwhile, are already compensated by Israel through stipends, housing assistance, post-service educational grants and access to the national healthcare system, all funded by the Knesset. The Bill nevertheless asks American employers, banks, and courts to treat Israeli military service as if it had been performed for the US.
The legislation is being pursued at a moment when American sentiment toward Israel has shifted decisively in the opposite direction. A Pew Research Center poll published last month found that 60 per cent of Americans now hold an unfavourable view of Israel, up nearly 20 percentage points since 2022. The proportion holding a “very unfavourable” view has tripled in that period.
Among Democrats and Democratic-leaning independents, the figure has reached 80 per cent. Even within the Republican coalition championing the Bill, 57 per cent of Republicans aged 18 to 49 hold an unfavourable view of Israel.
Critics have pointed out that American veterans’ protections were built on a simple covenant: those who serve the United States have a claim on the US. Extending those protections to Americans serving a foreign government, and only one foreign government, establishes that the relevant criterion is no longer service to the country, but the identity of the country being served.
H.R. 8445 has been referred to the House Committee on Veterans’ Affairs.
‘An entire nation is being humiliated by the Iranian leadership’: Merz
Al Mayadeen | April 27, 2026
German Chancellor Friedrich Merz said Monday that Iran’s leadership is effectively “humiliating” the United States amid the ongoing war.
Speaking publicly, Merz argued that Washington does not seem to have a coherent plan and raised doubts about how the US intends to bring its involvement to a close.
“The Iranians are clearly stronger than expected and the Americans clearly have no truly convincing strategy in the negotiations either,” Merz said during a school visit in Marsberg, located in his native Sauerland region.
He emphasized the difficulty of disengaging from such wars, noting, “The problem with conflicts like this is always: you don’t just have to get in, you have to get out again. We saw that very painfully in Afghanistan for 20 years. We saw it in Iraq.”
Merz continued, “At the moment, I do not see what strategic exit the Americans will choose, especially since the Iranians are clearly negotiating very skillfully — or very skillfully not negotiating.”
He further stated that “an entire nation is being humiliated by the Iranian leadership,” particularly by Iran’s Islamic Revolution Guard Corps (IRGC).
Economic fallout for Germany
Addressing the domestic impact, Merz said tensions in West Asia are now weighing heavily on Germany’s economy.
“It is at the moment a pretty tangled situation,” he said. “And it is costing us a great deal of money. This conflict, this war against Iran, has a direct impact on our economic output.”
He claimed that Berlin continues to “offer support in securing global trade routes“, including the potential deployment of minesweepers to help reopen the Strait of Hormuz, a key passage for international oil shipments.
However, Merz alleged that such a move would depend on a cessation of hostilities.
Pakistan Throws Open Its Gates for Iran’s Transit Trade to Third Countries
Sputnik – 27.04.2026
Iran and any other nation can now ship transit goods via Pakistan — as long as they provide a cashable bank guarantee equal to Pakistan’s import charges.
Pakistan has officially opened six land routes for the transit of goods to Iran. The “Transit of Goods through Territory of Pakistan Order 2026” came into force on April 25.
Essence of the Decision
Iran—and any third country—may now transport transit goods through Pakistan, subject to one key condition: the provision of a cashable bank guarantee equivalent to Pakistan’s applicable import levies.
Six Approved Routes:
1. Gwadar–Gabd
2. Karachi/Port Qasim–Lyari–Ormara–Pasni–Gabd
3. Karachi/Port Qasim–Khuzdar–Dalbandin–Taftan
4. Gwadar–Turbat–Hoshab–Panjgur–Nagg–Besima–Khuzdar–Quetta/Lakpass–Dalbandin–Nokundi–Taftan
5. Gwadar–Liari–Khuzdar–Quetta/Lakpass–Dalbandin–Nokundi–Taftan
6. Karachi/Port Qasim–Gwadar–Gabd
Why Now?
Amid the US-Iran conflict, over 3,000 containers bound for Iran are stuck at Karachi port following the blockade of the Strait of Hormuz.
“The fact that Iran enabled the Gabd Reemdam crossing for transport under the TIR convention led to this measure,” explains Tariq Rangoonwala, Chair of Pakistan National Committee of the International Chamber of Commerce.
Located 87.5 km from Gwadar Port, the Gabd–Reemdam crossing saw Pakistan activate its side three years ago.
What Does This Mean?
This facilitates land transport — not only for the 3,000 stranded containers but also for future needs, Rangoonwala says.
“Already this route is being used for exports from Pakistan to Uzbekistan and Tajikistan as an alternate to the Sost-Khunjerab route in the north and we hope to see this remain an ongoing feature,” the expert says.
Iran to charge ships passing Strait of Hormuz in rial: Lawmaker
Press TV – April 27, 2026
A motion being prepared in the Iranian parliament to regulate future transit through the Strait of Hormuz in the Persian Gulf stipulates that ships allowed to pass through the key waterway must pay tolls in Iranian rial currency.
The chairman of the Iranian parliament’s National Security and Foreign Policy Committee, Ebrahim Azizi, said on Monday that charging tolls on ships passing through the Strait of Hormuz is part of an 11-article motion being prepared in the parliament.
Azizi told state TV that the motion has been discussed and finalized in his committee and will become law once ratified in a vote in the main chamber of the Iranian parliament.
He said the motion contains some smart and well-considered measures that are based on a decree by the Leader of the Islamic Revolution, Ayatollah Seyyed Mojtaba Khamenei, who said last month that Iran must introduce a new system of governance in the Strait of Hormuz.
Azizi said the measures include a total ban on transit for ships owned by or linked to the Israeli regime, as well as restrictions on passage for vessels connected to hostile countries and their affiliates.
He said that the motion also seeks to require all countries that have inflicted financial damage on Iran over the past years, including by imposing sanctions or blocking its funds in foreign banks, to compensate Iran, through tolls paid by their ships passing through the Strait of Hormuz.
“It has been stipulated in the motion that the financial proceeds obtained from the Strait should be (paid) in Iranian rial,” he said.
The motion comes amid Iran’s continued control over transit through the Strait of Hormuz, which it has enforced since the early days of the US-Israeli aggression against the country in late February.
Iran has maintained its control over the strait, although the aggression ceased in early April following a Pakistani-mediated ceasefire.
Talks would resume if US accepts 3-phase framework Iran put forward
Al Mayadeen | April 27, 2026
Iran has informed mediators of a proposed three-phase framework for negotiations and says talks could resume if the United States agrees to the plan, Al Mayadeen’s correspondent in Tehran reported.
The proposal, as described by our correspondent, outlines an initial phase focused on ending US-Israeli aggression and securing guarantees that fighting will not resume against Iran and Lebanon. During this stage, Iran would not discuss any other issues, the report said.
The plan envisions coordination with Oman
If agreement is reached on the first phase, discussions would move to a second stage centered on the management of the Strait of Hormuz. The plan reportedly envisions coordination with Oman to establish a new legal framework governing the strategic waterway.
The third phase would address Iran’s nuclear program, which Tehran would only be prepared to discuss after agreements are reached on the first two phases, according to the report.
This is happening as Foreign Minister Abbas Araghchi has departed for Moscow, leading a diplomatic delegation.
Iranian ambassador in Moscow, Kazem Jalal, said earlier that Araghchi is set to meet with Russian President Vladimir Putin during his visit to Moscow, where he will hold consultations on the latest developments regarding negotiations and the ceasefire.
Israeli forces raid Syria’s Dara’a, Quneitra countryside, set up checkpoints
Press TV – April 26, 2026
Israeli occupation forces have carried out incursions into several villages in the countryside of Syria’s southwestern provinces of Dara’a and Quneitra, where they conducted searches and set up temporary checkpoints.
The official Syrian Arab News Agency (SANA) reported that an Israeli convoy consisting of around ten military vehicles raided the village of Jamla in the Yarmouk Basin area west of Dara’a province early on Sunday morning.
The force withdrew after a short period and positioned itself on the road linking Jamla to the nearby Saisoun village.
This came hours after an Israeli convoy made up of two tanks and two military vehicles entered the eastern Tal al-Ahmar hill in southern Quneitra and took up positions inside prefabricated rooms it had brought to the site on Friday.
According to local reports, Israeli occupation forces entered the area on Friday with a bulldozer and several prefabricated structures, though no explanation was given for the move at the time.
Additionally, an Israeli military convoy advanced into the al-Kesarat area in northern Quneitra and established a temporary checkpoint there. They pulled out of the area shortly afterwards, positioned near Jubata al-Khashab town, and searched passersby.
Israeli occupation troops also launched an incursion into the village of al-Mushrifa and set up a checkpoint there.
On Friday, Israeli occupation forces abducted a civilian during a raid on the village of Umm al-Adham in Homs province.
Israeli forces continue to violate the 1975 Disengagement Agreement through repeated incursions into southern Syria.
A recent report documented 897 violations attributed to Israeli forces in southern Syria.
The latest Israeli violations of Syrian sovereignty came despite remarks by the leader of Syria’s ruling Hay’at Tahrir al-Sham (HTS) militant group, Abu Mohammed al-Jolani, that Damascus is serious about reaching a security agreement with the Tel Aviv regime.
IRGC says to reverse engineer 15 undetonated US missiles uncovered in southern Iran
Press TV – April 26, 2026
The Islamic Revolution Guards Corps (IRGC) says it has discovered 15 undetonated US missiles in the southern Iranian province of Hormozgan and thousands of bomblets in the northern province of Zanjan, less than a month after a US-Israeli aggression on Iran halted with a ceasefire.
The IRGC’s Imam Sajjad Corps, based in the provincial capital of Bandar Abbas in Hormozgan, said in a Sunday statement that its bomb disposal teams had successfully neutralized more than 15 heavy American missiles in the province.
The statement said the missiles were mostly of the GBU and BLU types and other advanced models, adding that the weapons had been transferred to technical and research units of the IRGC for reverse engineering.
It said the Imam Sajjad Corps had neutralized or destroyed more than 60 missiles and drones, including bunker busters, cruise missiles, and advanced drones, since the beginning of the US-Israeli aggression in late February.
The force said that it had successfully concluded bomb disposal operations related to the recent war of aggression in all areas of Hormozgan province.
Meanwhile, IRGC’s Ansar al-Mahdi Corps, based in the provincial capital of Zanjan, also issued a statement on Sunday, saying that its bomb disposal teams had recovered more than 9,500 bomblets in various parts of the province.
The statement said that the small munitions had been dropped during the US-Israeli aggression through the use of cluster bombs as part of aerial mining operations, with the purpose of contaminating critical and sensitive locations across the province.
It said IRGC bomb disposal teams in Zanjan had also neutralized or destroyed some 55 rockets and missiles during the recent US-Israeli aggression, including a GBU-57 bunker buster, which was successfully defused and handed over to qualified authorities.
Liberation From War
By Manlio Dinucci | Global Research | April 26, 2026
Italy is experiencing an economic slowdown: this is confirmed by the fact that in 2025 public debt stood at 37% of GDP and that the situation has worsened since then. The Italian Minister for the Economy and Finance, Giancarlo Giorgetti, attributes the crisis largely to the “energy shock” caused by the blockade of the Strait of Hormuz, blamed on Iran, which led to a rise in the price of oil and natural gas. Giorgetti seems to have forgotten that the “energy crisis” began before the blockade of the Strait of Hormuz due to the halt in Russian natural gas imports. These imports have fallen from 40% of Italy’s total gas imports in 2021 to 2% in 2026.
During this period, Italy’s imports of liquefied natural gas from the United States have risen from 13% to 33%, despite the much higher price. By waging war against Russia and Iran alongside NATO, Israel and other allies, the United States has succeeded in making Italy and Europe increasingly dependent on its energy supplies.
After triggering the war that has torn Europe apart with the coup in Ukraine in 2014, the United States has succeeded in making its European allies bear an ever-increasing share of the cost.
They have now approved the 20th “sanctions package” against Russia and granted Ukraine a further “loan” of 90 billion euros. At the same time, the United States has succeeded in driving up the military spending of its European allies sharply. Between 2015 and 2025, Italian military spending has more than doubled, rising in 2025 to €45.3 billion annually – equivalent to over 2% of GDP, or an average of €124 million a day. Italian military spending is set to continue rising, reaching 3.5% of GDP – equivalent to €198 million a day – and subsequently 5%, equivalent to over €280 million a day.
Following the war against Russia, Italy is becoming increasingly involved in the conflict against Iran.
US drones and aircraft are stationed at the Sigonella base in Sicily, from where they carry out missions in the Middle East to identify targets in Iran and guide US missile and bomber strikes. For the war against Iran, US forces are also using other bases in Italy, such as Aviano and Camp Darby. The Italian government has now decided to send two military ships to the Strait of Hormuz, even without a UN mandate, officially for mine clearance. As these ships would be in a war zone, including within Iranian territorial waters, should they be threatened with attack or attacked by Iranian forces, they would be flanked by Italian Navy strike units, officially “for protective purposes”.
Italy would thus effectively enter the war alongside the United States. The US is using its warships not only to block the Strait of Hormuz and cut off Iranian ports, but also to attack and seize ships in the Indian Ocean that are carrying (or are said to be carrying) Iranian oil to China and other Asian countries.
The US military blockade of shipping lanes is triggering an economic crisis that could soon spread from Asia across the globe. In Vietnam, rice mills have cut production due to soaring electricity costs and the difficulties faced by farmers following rises in fuel and fertiliser prices. In the Philippines, many farmers have decided not to harvest their crops, leaving them to rot, as they would have to sell them at a loss due to the rise in transport fuel costs. In Indonesia, nickel mines are closing because, due to the US blockade of Iran, they no longer have the gas and sulphur needed for extraction. In Bangladesh, clothing production is falling due to the disruption of import-export chains. All this – warns a UN report – could cost the Asia-Pacific region up to $300 billion, as the region relies on imported energy. Pressure is mounting on households, small businesses and public finances, with around 9 million people at risk of falling into extreme poverty.
This shows that war causes carnage not only through weapons such as bombs and missiles, but also through economic weapons such as the blockade of ports and shipping lanes, which can result in even greater loss of life. The dramatic images of war – that of an Israeli soldier destroying a statue of Christ on the cross in the Christian village of Debel in Lebanon, that of Israeli settlers in the West Bank preventing Palestinian children from going to school by blocking their path and attacking them with tear gas grenades – demonstrate the vital need to continue the struggle for liberation, freeing ourselves from war once and for all.
Major fire erupts at UK base used for US bombers
RT | April 26, 2026
A large fire broke out at a Royal Air Force (RAF) base in west England on Sunday morning. In recent months, it was used by the US to launch operations against Iran, and was recently the target of anti-war protests.
According to the Gloucestershire Fire and Rescue Service, crews were called to RAF Fairford shortly after midnight on Sunday.
“The fire involved a single-story industrial storage building. It was brought under control safely and there were no casualties,” the service said in a statement.
Videos circulating on social media show a large blaze above warehouse buildings visible from the street, with an enormous plume of smoke rising up into the night sky.
RAF Fairford houses USAF B52 and B1 bombers, and serves as a key European operations center for Washington. Hundreds of anti-war protesters rallied outside the base on Saturday, demanding that the UK shut down military facilities used in the war on Iran.
Authorities said preliminary data suggests the blaze was accidental.
However, last week, a deliberate attack on a US military plane took place in neighboring Ireland.
A man was arrested after he intruded into Shannon Airport and damaged a US Air Force C-130 Hercules with a hatchet. He was arrested and charged with criminal damage, according to local law enforcement. No motive has yet been announced.
