United States Federal Reserve Bank of Atlanta President Raphael Bostic expressed Tuesday confidence in the recent inflation data, indicating progress toward the Fed’s 2% target. However, he emphasized the need for more data to confirm this trend. “It would be really bad if we cut rates and then had to raise them again,” Bostic warned, …
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The Lebanese militant group Hezbollah and Iran are said to be planning a “direct attack” on Israel should negotiations on a ceasefire in the Gaza Strip fail. A possible ceasefire agreement between Israel and Hamas, which is anticipated to be reached this week, could only prevent Iran from launching a retaliatory attack for the assassination of …
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DUBAI, United Arab Emirates (AP) — As Iran threatens to respond to the suspected Israeli assassination of Hamas leader Ismail Haniyeh in Tehran, the regional militias that the Islamic Republic has armed for decades could play a role in any attack. In April following an Israeli attack on the Iranian Embassy compound in Syria, Iran launched 170 bomb-carrying …
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Oil capped its biggest daily gain since October as fears of a potential Iranian response to last month’s assassination of a Hamas leader in Tehran outweighed a dip in broader markets. West Texas Intermediate crude soared $3.22 to settle above $80 a barrel. Tehran reiterated Sunday its determination to punish Israel for the killing, as …
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The prices of oil futures continued to rise on Monday after the White House expressed its concerns that Iran could attack Israel and that it could happen this week, fueling worries about the export of the commodity from the Middle East. West Texas Intermediate (WTI) for September’s settlements skyrocketed by 3.51% at 1:54 pm ET to …
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Israel keeps up strikes across Gaza Strip as it battles Hamas Israel says Iran is preparing attacks, raising fears of wider confrontation Hamas is sceptical about new international ceasefire call CAIRO, Aug 12 (Reuters) – Israeli forces pressed on with operations near the southern Gaza city of Khan Younis on Monday amid an international push …
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Israeli Defense Minister Yoav Gallant told United States Secretary of Defense Lloyd Austin in a phone call on Sunday that Israel detected military preparations in Iran that have not been observed during the last few days, the Israeli media reported. Previously, it was also reported by the Israeli intelligence community that Iran is planning to launch …
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Crude oil prices started the week up after U.S. Defense Secretary Lloyd Austin announced a guided missile submarine would be deployed to the Middle East. The move comes as Israel and its U.S. allies brace up for an attack by Iran and its regional allies in the Middle East in retaliation for the killing of …
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US President Joe Biden warned that a second term for Donald Trump would pose a significant threat to national democracy and security. In an extract of a CBS interview published on Sunday, he emphasized the importance of current global decisions, stating that choices made in the coming years could shape the next six decades. Biden …
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At least 13 people were injured in a Ukrainian airstrike on the Russian city of Kursk, in the region of the same name. According to local authorities, a Ukrainian missile hit a residential building, resulting in a fire. Kursk acting Governor Alexey Smirnov said emergency services are working at the site of the attack. …