Israel and the Lebanon-based Hezbollah militant group have been exchanging near-daily fire along the Israel-Lebanon border since Oct. 8. The US and France are attempting to broker a diplomatic solution that would end the fighting. Should those negotiations fail, Israeli officials anticipate a full-blown war with the Iran-backed militia. In the last such conflagration, in 2006, an intensive …
Crude oil prices spiked after Israel assassinated Hamas’s political leader on Iranian soil, leading to threats of retaliation from Tehran. The ongoing conflict in the Middle East, combined with record US oil demand, has created a bullish environment for oil prices. Early on Thursday morning, WTI was trading around $78.50 while Brent had climbed above …
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United States Secretary of State Antony Blinken warned on Thursday that the Middle East region is heading for “more conflict” and urged all parties to halt “escalatory actions” after Hamas political leader Ismail Haniyeh was killed in an alleged Israeli attack in Tehran. “Right now, the path that the region is on is toward more conflict, …
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Hamas leader Ismail Haniyeh killed in Iran, sparking fears of wider war The killing, which Iran and Hamas blamed on Israel and pledged to avenge, threatens to plunge the region further into chaos and raised fresh doubts about Gaza cease-fire talks. The killing came hours after an Israeli airstrike in Beirut targeted a senior leader of …
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Iran’s supreme leader, Ayatollah Ali Khamenei, ordered retaliation after a humiliating security failure, as Iran once again balances showing strength against the risk of escalation. A giant poster of Ismail Haniyeh Iran’s supreme leader, Ayatollah Ali Khamenei, has issued an order for Iran to strike Israel directly, in retaliation for the killing in Tehran of …
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Weekly Petroleum Data for the week ending July 26, 2024 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 3.4 million barrels from the previous week. At 433.0 million barrels, U.S. crude oil inventories are about 4% below the five year average for this time of year. U.S. crude oil …
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Hezbollah, Hamas leaders said assassinated in Beirut, Tehran Risk of regional conflagration increases as revenge is vowed Within seven hours overnight, Israel targeted top leaders of Hezbollah in Beirut and Hamas in Tehran in a show of its willingness to risk retaliation and regional conflagration while hunting down enemies abroad.Israeli officials said the killing of …
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Palestinian President Mahmoud Abbas condemned the killing in Tehran of Hamas leader Ismail Haniyeh as a “cowardly act” in a statement issued on Wednesday. The head of the Palestinian Authority described the killing as a “dangerous development.” The secretary general of the executive committee of the Palestine Liberation Organization (PLO), Hussein al-Sheikh, wrote on the …
Brent Crude prices spent just a few hours below the $80 a barrel mark as tensions in the Middle East flared up again, pushing oil prices up by 2.5% early on Wednesday after the killing of the Hamas political leader in Iran. In morning trade in Europe, Brent Crude prices were rising by 2.51% at $80.50, while …
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BEIRUT (AP) — Ismail Haniyeh, Hamas’ top leader in exile who landed on Israel’s hit list after the militant group staged its surprise Oct. 7 attacks, was killed in an airstrike in the Iranian capital early Wednesday. He was 62. Hamas said Haniyeh was killed at his residence in Tehran in an Israeli airstrike after he …