Israel is running low on Arrow interceptors that are used to counter Iranian missiles, according to a U.S. official. WSJ’s Shelby Holliday explains the Arrow’s key role in Israel's layered defense.

The Portuguese energy company said it will own a 30% stake in the blocks alongside Brazil's Petrobras, which will own 70% and be the operator. The concessions in the Pelotas basin were granted by the ...