Hamas has temporarily withdrawn from the Gaza ceasefire and hostage talks, citing Israeli “massacres” and a lack of seriousness in negotiations, AFP reported, citing Hamas political leader Ismail Haniyeh. According to the media outlet, the official already informed international mediators about halting the talks, while slamming Israel for its “continued policy of procrastination and obstruction” …
Mohammed Deif, the commander of Hamas’s military wing, and Rafa’a Salameh, the commander of Hamas’s Khan Younis Brigade, were the target of the IDF’s airstrike in the southern Gaza Strip this morning, the IDF confirms. The pair were in a low building between the al-Mawasi area and Khan Younis, in a civilian environment, but not …
Oil prices have remained in a narrow $75 to $90 a barrel trading range since the end of 2022, as the OPEC+ group continues to keep supply off the market. Still, often-resurfacing concerns about global oil demand have dampened bullish sentiment. After spiking to above $100 a barrel in the wake of the Russian invasion …
Continue reading “OPEC+ Cuts and Demand Woes Keep Oil Prices in Narrow Trading Range”
Crude oil prices went higher after the U.S. Energy Information Administration reported an inventory draw of 3.4 million barrels for the week to July 5. This compared with a massive draw of 12.2 million barrels for the previous week. The American Petroleum Institute reported on Tuesday an estimated inventory draw of 1.9 million barrels for the …
Standard Chartered: the recent pullback in oil was caused by short-term profit taking, as well as bearish technicals. StanChart thinks global oil demand is already strong and will decelerate to a more sustainable pace over the next couple of months. The EIA thinks oil demand growth is curently weak but will strengthen in the coming …
Continue reading “Standard Chartered: Oil Demand Growth Will Decelerate in the Coming Months”
On Thursday, United States President Joe Biden accidentally introduced Ukrainian President Volodymyr Zelensky as “President Putin” at a North Atlantic Treaty Organization (NATO) event. “And now I want to hand it over to the President of Ukraine, who has as much courage as he has determination. Ladies and gentlemen, President Putin,” Biden misspoke as he …
President Joe Biden’s news conference at the NATO summit amounts to a make-or-break moment in his quest to quiet a drumbeat of concerns at home and abroad about his 2024 presidential campaign. Biden was dealt fresh blows Thursday, as the New York Times reported that some of the president’s advisers had discussed ways to persuade …
Continue reading “Breaking: Biden’s 2024 Bid Faces Moment of Truth at News Conference”
Israeli Prime Minister Benjamin Netanyahu insisted on Thursday he is “committed” to the negotiations about a new ceasefire deal with Hamas and returning the hostages but that the organization makes it impossible with the “demands that contradict it.” Speaking at the graduation ceremony of the country’s new combat officers, Netanyahu stressed that “[w]e will not …
Israeli Prime Minister Benjamin Netanyahu’s office stated on Thursday that the team tasked with negotiating a new ceasefire agreement with Hamas is leaving for Cairo tonight. The office’s statement also revealed that a delegation engaged in the talks with Qatari mediators returned from Doha earlier in the day. It added that Netanyahu had meetings with …
The United States government seems to be nearing a ceasefire agreement in Gaza to stop offensive operations, facilitate the release of hostages and increase the delivery of humanitarian aid, according to a US official to the journalist David Ignatius from The Washington Post on Thursday. According to the journalist, the source stated that “the framework …