Oil Markets Driven by Macro Economy, Not Fundamentals

Oil Markets Driven by Macro Economy, Not Fundamentals

Oil prices rose for the fourth straight session on Friday, boosted by positive U.S. jobs data that eased economic concerns. The U.S. Labor Department reported a significant drop in unemployment claims, suggesting resilience in the job market. Despite positive economic signals, oil markets are cautious due to the potential impact on Federal Reserve interest rate …

Israel Strike on Gaza School claims Kills 100 Palestinians (human shields}…….Israeli army says Taba’een school death toll inflated

Israel Strike on Gaza School claims Kills 100 Palestinians (human shields}…….Israeli army says Taba’een school death toll inflated

  An Israeli strike on a school in Gaza City killed about 100 Palestinians during Saturday morning prayers, Hamas said. The Israel Defense Forces said the airstrike targeted Hamas militants operating from a command center embedded in the Al-Taba’een school, according to a Telegram post. The school was located adjacent to a mosque in Daraj …

Russia Says Reinforcements Arrive to Fight Ukrainian Incursion

Russia Says Reinforcements Arrive to Fight Ukrainian Incursion

Russia dispatched military reinforcements to confront Ukrainian forces in an ongoing battle in its western Kursk region, the first foreign incursion on its territory since World War II. The Defense Ministry in Moscow said in a statement Saturday that tanks had arrived and “taken up firing positions” against the Ukrainian troops, whose surprise cross-border operation …

US to reportedly provide Israel $3.5B in arms, military equipment

US to reportedly provide Israel $3.5B in arms, military equipment

The United States is set to provide Israel with $3.5 billion to spend on armaments and military equipment, CNN reported Friday, citing people familiar with the topic. The monetary aid comes months after Congress appropriated it to Tel Aviv, and it is part of the $14.1 billion supplemental funding bill for Israel that Congress passed …

Hamas official allegedly killed in drone strike in Lebanon

Hamas official allegedly killed in drone strike in Lebanon

A Hamas official was eliminated after Israel reportedly launched a drone attack on Lebanon’s southern city of Sidon on Friday, AFP reported, citing unnamed sources. “An Israeli strike targeted a Hamas movement security official from the Ain al-Helweh [refugee] camp while he was inside his vehicle in the city of Sidon,” the source said. Additionally, …

US to lift ban on offensive weapons sales to Saudi Arabia

US to lift ban on offensive weapons sales to Saudi Arabia

WASHINGTON, Aug 9 (Reuters) – The Biden administration has decided to lift a ban on U.S. sales of offensive weapons to Saudi Arabia, three sources familiar with the matter told Reuters on Friday, reversing a three-year-old policy to pressure the kingdom to wind down the Yemen war. The administration briefed Congress this week on its …

Hamas names Yahya Sinwar, mastermind of the Oct. 7 attacks, as its new leader in show of defiance

Hamas names Yahya Sinwar, mastermind of the Oct. 7 attacks, as its new leader in show of defiance

BEIRUT (AP) — Hamas named Yahya Sinwar, its top official in Gaza who masterminded the Oct. 7 attacks in Israel, as its new leader in a dramatic sign of the power of the Palestinian militant group’s hardline wing after his predecessor was killed in a presumed Israeli strike in Iran. The selection of Sinwar, a secretive …

These are the most ‘serious,’ ‘dangerous’ challenges US has faced in decades

These are the most ‘serious,’ ‘dangerous’ challenges US has faced in decades

Iran and Hezbollah have vowed revenge for assassinations Military, hospitals on high alert Residents told to stay near protected areas (Reuters) – Israel’s ambulance service has stocked blood supplies in a fortified underground center, factories have moved out hazardous materials and municipal authorities are checking bomb shelters and water supplies as the country waits for …