Israel’s Ambassador to the United States Mike Herzog claimed on Wednesday that US President Joe Biden is pushing for a ceasefire and hostage agreement between Hamas and Israel to be reached in order to strengthen his position and gain political credit if his efforts result in a successful outcome. “Biden will see it as an achievement …
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Oil fell as Hurricane Beryl looked less likely to pose major disruptions to crude infrastructure in Texas. West Texas Intermediate as of this posting is trading. Around $81 a barrel at key support levels after four straight weekly gains. Concerns that Hurricane Beryl would impede oil operations in the Gulf of Mexico and Texas helped …
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United States President Joe Biden insisted in a letter he sent to the Democratic members of Congress and published on Monday that he is “firmly committed to staying in this race,” referring to this year’s election for head of state, “to the end, and to beating [his predecessor and the presumptive Republican nominee] Donald Trump.” …
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The number of supertankers headed for China dropped to the lowest in almost two years, adding to recent concerns about demand in the largest oil importer during the second half of the year. Only 86 of the tankers are indicating China as their next destination in the coming three months, shrinking by five from last …
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Israeli Finance Minister Bezalel Smotrich said on Monday that his country must continue with the war against Hamas in the Gaza Strip “until victory” is achieved. “Hamas is collapsing and begging for a ceasefire. This is the moment to squeeze the neck until we crush and break the enemy,” Smotrich posted on X, formerly known …
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Lower oil prices and a focus on shareholder returns are leading US oil companies to drill less, slowing production growth. Efficiency gains have partially offset the decline in drilling activity. Natural gas production has fallen year-over-year due to low prices earlier in 2024. Slowing drilling activity in the U.S. shale patch is capping oil production …
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Israeli Defense Minister Yoav Gallant told the families of hostages held by Hamas on Thursday that a deal to release them is “closer than ever.” “A month ago I was pessimistic about our chances of reaching a deal anytime soon. One of my prime goals in all of my meetings in the United States was …
Israeli Prime Minister Benjamin Netanyahu underscored an aggressive stance in a recent briefing with national air force leaders on Thursday, emphasizing a new guiding principle in response to the ongoing combats with Hezbollah along the Lebanon border. “Whoever harms us, his blood is on his head,” Netanyahu declared, signaling a zero-tolerance policy towards any aggression …
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Hezbollah says it launched more than 200 missiles and a “swarm of drones” targeting Israeli army positions, as hostilities between the two intensify. The Iran-backed group said it fired on targets in northern Israel and the Israeli-occupied Golan Heights. Hezbollah said it was responding to the assassination of a senior commander called Mohammed Nasser in …
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BEIRUT/JERUSALEM July 3 (Reuters) – An Israeli strike killed one of Hezbollah’s top commanders in south Lebanon on Wednesday, prompting retaliatory rocket fire by the Iran-backed group into Israel as their dangerously poised conflict rumbled on. The Israeli military said it had struck and eliminated Hezbollah’s Mohammed Nasser, calling him commander of a unit …
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