Israeli Minister Without Portfolio Benny Gantz, who is also part of the Israeli war cabinet, said on Wednesday that “initial signs” show “progress can be made” toward a new hostage release framework.”We will not miss any opportunity to bring the [hostages] home,” Gantz underscored during the press conference in Tel Aviv, stressing that “no stone …
Continue reading “Israel: Initial signs show ‘progress’ toward new hostage deal”
Israel has not yet made a decision to dispatch a delegation to Cairo for further discussions regarding a potential hostage release agreement with Hamas, The Times of Israel reported on Wednesday, citing an Israeli official. According to the source, the country is being “cautious” and is awaiting evidence that Hamas has “softened its position” before …
Prices of crude oil for front-month settlements tumbled on Tuesday after data showed that economic growth in both Germany and Britain stagnated, with Berlin and London entering a technical recession in the closing quarter of 2023. Economic uncertainty appeared to raise concerns about the commodity’s demand thus briefly offsetting supply pressures driven by the Middle …
Continue reading “WTI falls almost 2% on economic uncertainty”
China made its biggest ever cut to mortgage rates on Tuesday, as the authorities try to support the struggling property sector, though the response from stock markets was muted. The People’s Bank of China said that the country’s lenders would reduce their five-year loan prime rate (LPR) by 25 basis points to 3.95%, a bigger …
UNITED NATIONS, Feb 19 (Reuters) – The United States has proposed a rival draft United Nations Security Council resolution calling for a temporary ceasefire in the Israel-Hamas war and opposing a major ground offensive by its ally Israel in Rafah, according to the text seen by Reuters. The move comes after the U.S. signalled it …
The European Union’s High Representative for Foreign Affairs and Security Policy Josep Borrell said on Monday that 26 of 27 member states are urging the parties in the ongoing war between Israel and Hamas to agree on an “immediate humanitarian pause that would lead to a sustainable ceasefire” in the Gaza Strip.”We also agreed that …
Israel said it will invade Rafah by March 10 if Hamas does not release the remaining hostages held inside Gaza. Benny Gantz, a member of the war cabinet, said the terror group has until Ramadan before Israeli forces are ordered into the southern city where more than a million refugees are sheltering. “To those saying …
Israeli war cabinet member Benny Gantz has warned that unless Hamas frees all hostages held in Gaza by 10 March an offensive will be launched in Rafah. It is the first time Israel has said when its troops might enter Gaza’s overcrowded southern city. Global opposition is growing to such an attack in Rafah, where …
https://youtu.be/MKR5-JcLa4o Crude oil futures Friday posted a weekly gain as simmering tensions in the Middle East overshadowed stubborn inflation in the U.S. and a murky demand outlook for the year. The West Texas Intermediate contract for March gained $1.16, or 1.49%, to settle at $79.19 a barrel. April Brent futures added 61 cents a barrel …
Continue reading “U.S. crude settles at highest price since November as Middle East tensions simmer”
The Israel Defense Forces (IDF) are set to submit a proposal for its upcoming operation in Gaza’s Rafah region to the political authorities next week, local broadcaster Channel 12 reported on Friday. According to the media, the plan entails the transfer of residents from Rafah to different areas in south and central Gaza, excluding the …
Continue reading “Israel to reportedly present Rafah op plan next week”