Washington is racing to avert a full-blown war between Israel and the Iranian-backed Lebanese movement Hezbollah after the attack on the Israeli-occupied Golan killed 12 youths at the weekend, according to the five people who include Lebanese and Iranian officials plus Middle Eastern and European diplomats. Israel and the U.S. have blamed Hezbollah for the rocket strike, though the group has denied responsibility. The focus of the high-speed diplomacy has been to constrain Israel’s response by urging it against targeting densely populated Beirut, the southern suburbs of the city that form Hezbollah’s heartland, or key infrastructure like airports and bridges, said the sources who requested anonymity to discuss confidential details that haven’t been previously reported.
Israel Weighs Its Response to Deadly Golan Heights Rocket Attack as US Urges Calm
- Netanyahu met for hours with security officials late Sunday
- We ‘don’t want to see the conflict escalate,’ Blinken says
The US and other world powers sought to prevent Israel and Hezbollah’s conflict turning into a full-blown war after a rocket attack that killed several children in the Israeli-occupied Golan Heights. Prime Minister Benjamin Netanyahu met security officials for several hours late Sunday to decide on the type and timing of Israel’s response to Saturday’s strike which killed 12 Druze youngsters at a football field and risked triggering the all-out conflict with Hezbollah that’s been feared for months. While Israel has said it will react forcefully, it didn’t launch major strikes on Lebanon overnight and there are signs Netanyahu wants to allow efforts for a cease-fire deal with Hamas in Gaza to progress.
Several Israeli news outlets reported the government was seeking a “limited but significant” action that would send a message but not spiral out of control. So far, Israel’s military has not called up extra reservists or put the north of the country on an increased state of alert. The prime minister sent the head of Mossad, Israel’s external-intelligence agency, to Rome on Sunday to speak with mediators in the Israel-Hamas war, including Qatar and the US. Netanyahu said “negotiations on the main issues will continue in the coming days.” NAN:
Endless Stupidity War Without End
“If you will not fight for right when you can easily win without blood shed;
if you will not fight when your victory is sure and not too costly; you may
come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves.”
―
Oil Prices Climb Following Saturday’s Rocket Attack on the Golan Heights
- Oil prices increased after a rocket attack on the Golan Heights heightened fears of a wider Middle East conflict.
- Concerns about weakening Chinese oil demand partially offset the upward pressure on prices.
- Israel’s stance on a potential ceasefire with Hamas adds complexity to the geopolitical situation.
Crude oil prices started to trade this week with a gain as a rocket strike on the Golan Heights rekindled fears of a conflict escalation in the Middle East. Prices remain near a six-week low, per Bloomberg, but the trend is positive, with Chinese economic data alleviating concerns about demand in the world’s largest oil importer. The latest data was about industrial profits for June, which showed a monthly acceleration. “Concerns around China’s economy have broadly weighed on energy commodity prices,” Vivek Dhar, an analyst at Commonwealth Bank of Australia, told Bloomberg. “Demand concerns, though, will likely give way to rising geopolitical risks in the Middle East early this week.” On Saturday, a rocket strike on the Israel-annexed Golan Heights killed more than a dozen people. Hezbollah denied responsibility for the attack but the Israeli government has threatened retaliation against the Lebanon-based group, sparking the latest round of escalation fears. Last week, oil prices logged their third weekly loss in a row, mostly on demand concern about China as refinery run data pointed towards weakening demand for oil in the country as did figures showing an annual decline in imports of the commodity. Fuel imports into China also fell, by 11%, over the first half of the year, reinforcing the perception of weakening overall demand. Still, it looks like geopolitics will be the leading factor for oil prices this week. “Worries over escalating tensions in the Middle East prompted fresh buying, but gains were limited by lingering concerns of weakening demand in China,” Fujitomi Securities analyst Toshitaka Tazawa told Reuters earlier today. Besides the latest flare-up in violence in the Middle East, Israel appears to have reconsidered its stance on a prospective ceasefire with Hamas and now wants changes to be made to the ceasefire plan. This has created complications in the ceasefire talks, according to a Reuters report that cited an unnamed Western official and two unnamed Egyptian sources. NN: See BlackMask Market News and Commentary Titled: The Hezbollah Rockets’ Red Glare, the bombs Bursting in Air
Oil Posts Biggest Weekly Drop Since Early May….. OPEC Oil Reserves Decline as Exploration Lags Production
Oil dipped as algorithmic traders took advantage of market uncertainty, while traders weighed Chinese demand against falling US stockpiles. West Texas Intermediate fell to settle near $77 a barrel, capping the largest weekly decline since the beginning of May. Prices have struggled recently amid selling pressure from trend-following commodity trading advisers and a wider retreat in equity markets earlier this week. Those factors have added to concerns about Chinese growth after Beijing cut rates this week in a bid to stimulate the economy of the world’s largest crude importer.
Still, data this week showed a fourth drop in US inventories, which have declined to the lowest since February. Timespreads continue to point to tight near-term conditions. These mixed signals have kept futures locked in a roughly $4 trading band this week.
“We need a positive catalyst and right now inventory draws are expected and not providing enough of a reason to buy this dip,” said Rebecca Babin, senior energy trader at CIBC Private Wealth. Crude remains modestly higher year-to-date, helped by supply cutbacks from the OPEC+ alliance and expectations for lower US interest rates. Market watchers, however, are now split over whether the producer cartel will ease their curbs next quarter, with an online monitoring committee meeting scheduled for Aug. 1
OPEC Oil Reserves Decline as Exploration Lags Production
Global recoverable oil reserves have declined over the past 12 months, with Rystad Energy seeing a decline of 52 billion barrels year-over-year to around 1,500 billion barrels on the back of insufficient discoveries and downward adjustments in existing discoveries. Saudi Arabia has seen the largest downward revision of any country, with proven and probable oil reserves coming in at 233 billion barrels, down 27 billion barrels…
Fiber optic cables sabotaged in 6 French regions
Fiber optic networks were disrupted on Monday in six French departments, authorities confirmed to AFP. The incidents were reported in Aude, Bouches-du-Rhone, Drome, Herault, Meuse, and Oise, but not in Paris. According to BFMTV, some fiber optic cables were cut by “malicious individuals,” causing outages. The cables belong to the SFR telecoms operator but are also used by others. The incident follows arson attacks on the French railway network ahead of the opening ceremony of the Olympic games last week. NN: Who do you think is doing all mischief? Try Mohmmad and his magic carpet people.
Musk: Biden admin importing voters
Tesla Inc. and SpaceX Chief Executive Officer (CEO) and X Corp. Chairman Elon Musk claimed that the incumbent United States President Joe Biden’s administration is “importing voters” to ensure Vice President Kamala Harris’s victory in the 2024 election. “They are importing voters as fast as they possibly can,” Musk tweeted in response to another post that shared his earlier similar comment. He also used Fox News’s article about Massachusetts Senator Elizabeth Warren calling for a faster process to grant immigrants US citizenship and urging Harris to “get it done” as proof. Musk also commented on a tweet saying that the US “will become Venezuela if [former President Donald] Trump is not elected” by replying that “I think the risk of this is very real.” His remarks came after Venezuelan President Nicolas Maduro and the opposition’s candidate Edmundo Gonzalez both claimed victory in that country’s election. NN: the Democrats will not let this bill pass.
Iran: We don’t want all-out war to expand to Lebanon….. Yes they Do
Iranian Ambassador to Beirut, Mojtaba Amani, took to X on Sunday to state that his country does not want military actions to expand to Lebanon and the region, amid fears of a possible escalation in the conflict with Israel following an attack on the Israeli-occupied Golan Heights. “Despite the show staged by the Zionist regime a few hours ago, the ‘three no’s’ still sum up our position regarding the threat of expanding military action to Lebanon and the region,” the ambassador wrote. Prior to this, the Israeli National Security Minister, Itamar Ben Gvir, called for his country to initiate a military offensive against the “terrorist” organization.
International outrage over WOK drag-queen themed Olympic opening….. Major power outage hits large parts of Paris.. Maybe GOD is Pissed
The 2024 Olympics opening ceremony in Paris has sparked international outrage with drag-queen themed imagery of religious and historical figures. In between listing all the countries participating in the Olympic Games, there have been several performances riffing on France’s history and culture, such as a headless Marie Antoinette, the last queen prior to being executed amid French Revolution, singing with her severed head in her hands sporting drag-style makeup. This was part of numerous drag queens that appeared to be a recurring theme throughout the ceremonies. Three drag queens were among the 10,000 torchbearers who relayed the Olympic flame as it started in Greece, passed through French territories and made its way to Paris. One new display on Friday showed what appear to be numerous performers, including drag queens and a large woman in an aureole halo crown, parodying “The Last Supper,” a universally recognizable painting by renaissance artist Leonardo da Vinci of Christ and his apostles. Many internationally known political figures, particularly from American politics, condemned the display as a sign of the cultural rot in Western Civilization.
Major power outage hits large parts of Paris
A major power outage struck several districts of Paris on Sunday, about 24 hours after the Olympic Games opening ceremony, local media reported. This comes after France’s high-speed rail system was hit by vandals who carried out acts of sabotage across the rail network early Friday. The exact cause of the blackout is still unknown.
NN: Were they not suppose to be kicking around balls, throwing sticks, steal balls and running round on a track? Give me that old fashioned Olympics pervert free. Imagine What would happen if they tried a drag queen based Mohamad show,
Hezbollah: Golan Heights incident was Iron Dome failure……Netanyahu: Hezbollah to pay ‘heavy price’ for attack
The Lebanese Hezbollah movement told the United Nations that the alleged “attack” on Israel-held Golan Heights was the result of an Iron Dome interceptor missile malfunction, Axios reported on Sunday. According to the media, the interceptor was fired to intercept the group’s rockets in northern Golan and ultimately landed on a soccer field. A US official also mentioned that this alleged attack could potentially escalate into a full-scale conflict between Israel and Hezbollah, considering the ongoing stalemate in the Gaza ceasefire.
Netanyahu: Hezbollah to pay ‘heavy price’ for attack
Israeli fighter jets struck at least four additional towns and villages in southern Lebanon as a response to Hezbollah’s alleged shelling of the Golan Heights, which killed 12 people. According to local media, Israeli warplanes “carried out air strikes on the cities of Beeqa, Majd al-Shams and Kafra in southern Lebanon,” as well as the Chebaa area, from where the IDF said earlier that the fatal rocket was launched into Majdal Shams. Israeli airstrikes targeted Lebanon’s southern towns of Burj al-Shemali, Khiam, Abbasyeh, Kferkela, Tayr Harfa and the port city of Tyre on Sunday, according to Lebanese media.
9 killed in Israeli-controlled Golan Heights….. Netanyahu holds security consultations after Golan Heights attack
Rockets fired from Lebanon struck the Druze village of Majdal Shams in the Golan Heights on Saturday, killing at least nine people and injuring over 30, including 17 critically, according to Israeli officials. Eli Bin, head of the Israeli Magen David Adom (MDA), confirmed the casualties and injuries. Meanwhile, Dmitry Gendelman, an advisor to Israeli Prime Minister Benjamin Netanyahu, condemned the assault and stated that Israel plans to retaliate, attributing the aggression to Hezbollah.
Netanyahu holds security consultations after Golan Heights attack
Israeli Prime Minister Benjamin Netanyahu is consulting with his military secretary, Roman Gofman, following a recent attack on Majdal Shams in the Israeli-occupied Golan Heights, the prime minister’s office stated, adding that he will later assess the security situation with top defense officials. Rockets fired from Lebanon are said to have struck the Druze village on Saturday, killing at least nine people and injuring over 30. Israel accused Hezbollah of conducting the strikes, but some reports emerged indicating that the group denied being behind the strike. The IDF assesses that the rocket that struck the soccer field where kids were playing was relatively heavy.
The military is investigating why it failed to intercept the projectile.
Top IDF brass are currently holding assessments on the attack, the deadliest by Hezbollah amid the ongoing skirmishes on the northern border, and will determine a response against the terror group.
NN: things are heating up. For the record another failure of Israel’s defensive sheild.