The escalating conflict in the Middle East, if it goes out of hand, risks dealing a severe blow to monetary policy as it would lead to a surge in oil prices, Bank of England Governor Andrew Bailey told the Guardian in an interview published on Thursday. “Geopolitical concerns are very serious,” Bailey told the newspaper. International …
The Israel Defense Forces (IDF) announced on Friday that they killed Mohammad Rashid Sakafi, the head of Hezbollah’s communication networks. According to the military, he was targeted in one of the recent Beirut airstrikes. The IDF described Sakafi as being close to top Hezbollah officials and having “a lot of experience and authority in the …
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WASHINGTON — President Biden said Thursday that the US is “discussing” the possibility of Israel bombing Iranian oil facilities as payback for a volley of nearly 200 rockets fired at the Jewish state on Tuesday — causing a spike in global crude prices. Biden said the oil strike option was under consideration when asked directly by a …
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The prices of oil futures kept surging on Thursday as investors remained laser-focused on tensions in the Middle East and United States President Joe Biden’s latest comments on the matter. When asked by reporters at the White House if he would support Israel striking Iran’s oil facilities, he responded: “We’re discussing that.” After Iran’s ballistic …
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United States President Joe Biden said on Thursday that Israel’s counterstrike against Iran is not expected to happen today. “First of all, we don’t allow Israel, we advise Israel. And nothing is going to happen today,” he told reporters when asked if he would allow Israel to retaliate against Iran. Additionally, the US head of …
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The weapons that really saved Israel this week are its Arrow 2 and Arrow 3 anti-ballistic missile systems . The Arrows are the crown jewels of Israel’s Aerial Defence Array, a multi-layered air defence system. They can shoot down missiles in space. The point is Tuesday’s attack could have easily filled Israel’s morgues if its air …
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Summary of Weekly Petroleum Data for the week ending September 27, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.9 million barrels from the previous week. At 416.9 million barrels, U.S. crude oil inventories are about 4% below the five year average for this time of year. U.S. …
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irans blnder could be their final demise Benjamin Netanyahu vowed to retaliate against Iran after it fired about 200 ballistic missiles at Israel in a severe escalation of hostilities between the adversaries that world powers fear could spiral into a Middle East-wide war. The barrage started around 7:30 p.m. Israel time on Tuesday, hours after …
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LATEST DEVELOPMENTS: More than 180 missiles launched, Israel says US says its warships helped intercept some projectiles Iran says it targeted three Israeli military bases Israel says strikes through Middle East to continue, media report Iran fired a salvo of ballistic missiles at Israel on Tuesday in retaliation for Israel’s campaign against Tehran’s Hezbollah allies …
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The The Israeli Defense Forces (IDF) spokesperson Daniel Hagari claimed Iran’s attack was “serious” and “will have consequences” during a press conference after situational assessment on Tuesday. “We are on heightened alert on defense and offensive, we will protect the citizens of Israel. This [missile] fire will have consequences. We have plans, and we …
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