Israel will be launching an operation in Rafah should there be no progress made on the hostage deal in the coming days, GLZ Radio reported on Tuesday citing security officials. Previously, Ynet News reported that Israel’s Defense Forces Chief of Staff General Herzi Halevi greenlighted the final plans for the military operation. According to the …
The Palestinian militant group Hamas spokesman Abd al-Latif al-Qanou emphasized on Monday that unless Israel fulfills the demands of the group, there will be no agreement for a ceasefire or the release of hostages. “Without fulfilling the just demands of our people for a permanent ceasefire, withdrawal of forces, and the return of displaced persons, no …
Continue reading “Hamas: No ceasefire if Israel fails to meet demands”
Prices of crude oil for front-month contracts decreased on Monday amid the ongoing Israeli-Hamas negotiations that could de-escalate the crisis in the Middle East by potentially securing a temporary ceasefire in the Gaza Strip and the release of hostages held by the militant group in the enclave. European Union High Representative for Foreign Affairs and Security …
Recent oil price easing could perhaps be seen as a sign of greater maturity in the oil market when it comes to geopolitics, analysts at Standard Chartered said in a report sent to Rigzone last week. “After jumping at geopolitical shadows and overreacting in 2022, the market has been more stoic in 2024 so far,” …
Continue reading “Biden Strategy to Tame Gas Prices Is in Peril as Iran Sanctions Pressure Mounts”
Oil slipped as the US pushed to broker a peace deal between Israel and Hamas that would reduce geopolitical tensions in the Middle East.Brent crude traded below $89 a barrel after gaining 2.5% last week, while West Texas Intermediate dropped toward $83. US Secretary of State Antony Blinken will step up efforts to secure a truce in …
Continue reading “Oil Declines as US Steps Up Efforts to Secure a Truce in Gaza”
Biden’s top officials have pleaded with Kyiv to stop attacks on Russia’s energy infrastructure. A source in the Ukrainian defense sector confirmed to AFP on Wednesday that Ukrainian drones had carried out attacks on oil infrastructure in the Smolensk region. The Financial Times, citing unnamed US officials, recently said long-range drones have hit at least …
Continue reading “Washington’s Pleas Fall on Deaf Ears as Ukraine Strikes Russian Refineries”
Israel Defense Forces (IDF) Chief of the General Staff Lieutenant General Herzi Halevi (pictured) approved “continuation of the war” plans with Southern Command Chief Major General Yaron Finkelman on Sunday, the military shared in the statement. The meeting was also attended by all division and brigade commanders, the IDF added. Halevi’s greenlight on battle plans …
Four expatriate workers lost their lives, and two others sustained injuries in a recent drone attack on the Khor Mor gas field in Iraq’s Kurdistan region. This attack, reported by an advisor to the Iraqi Kurdish Prime Minister and a senior Kurdish political source, has also resulted in the suspension of production at the site. …
US Defense Secretary Lloyd Austin says that Iran should question the effectiveness of its weapons systems after its failed attack on Israel earlier this month. “They should be questioning the effectiveness of their weapons systems and their planning,” Austin tells reporters. “Hopefully, they don’t walk away from this over-confident that they can do this at …
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Yemen’s Houthi rebels claimed responsibility for striking a British oil tanker, the Andromeda Star, in the Red Sea. According to Yahya Saree, the Houthi military spokesperson, the attack involved multiple naval missiles and resulted in a direct hit on the vessel. Additionally, Saree announced that the group had successfully shot down an American unmanned aerial …