Israel says it destroyed 50 Hamas sites in 24 hours……. Hezbollah unit commander reportedly killed in Israeli raid

The Israel Defense Forces (IDF) said on Wednesday that they destroyed 50 Hamas sites in the Shejaiya neighborhood of Gaza City in the last 24 hours. The IDF said it found operational tunnels in the area, as well as “Kalashnikov-type weapons, grenades, cartridges and other combat equipment.” They also said they killed a number of Hamas fighters, although they did not provide details. The IDF added it was also active in central Gaza and Rafah, where they “destroyed a number of terrorist infrastructures and eliminated terrorists in the area.”

Hezbollah unit commander reportedly killed in Israeli raid

Hezbollah unit commander Abu Ali Nasser was killed in an Israeli drone raid on southern Lebanon, according to a report by the Saudi news outlet Al Hadath on Wednesday. Nasser was allegedly the head of Hezbollah’s Aziz unit which operates in the eastern district of Lebanon’s border with Israel. The target of the Israeli drone was a car in Tyre, a coastal city in Lebanon. Al Hadath sources claim the commander killed in the attack is nicknamed Abu Nimah and is from the town of Hadatha. Israel launched a series of raids on southern Lebanon in which several towns were targeted. The attack comes at a time of heightened tensions between Israel and Hezbollah and amid fears of an inevitable escalation of the conflict in southern Lebanon.

WTI rises 1% as Middle East tensions grow

The price of crude oil for front-month settlements continued to climb on Tuesday as concerns of a wider conflict in the Middle East increased the uncertainty about the commodity’s supply. In addition, Hurricane Beryl heightened concerns about potential disruptions to offshore crude production in the Gulf of Mexico. West Texas Intermediate (WTI) for August deliveries rose 1.00% to sell at $84.24 per barrel at 8:37 am ET. At the same time, Brent for September contracts gained 0.84% to go for $87.34 a barrel.

Biden Loyalists Dismiss Calls to Quit in Frenetic Weekend Blitz

President Joe Biden’s campaign is going on the attack against a chorus of donors, consultants, officials and media voices calling on him to drop out of the 2024 race after his devastating debate performance. The strategy will be remembered as a display of either remarkable foresight or incredible hubris. Aides spent the weekend publicly dismissing suggestions that Biden reconsider his candidacy or take dramatic steps to overhaul his operation. They angrily denounced the suggestion Biden and his family might entertain a discussion of leaving the race as they traveled to Camp David for a private getaway, where photographer Annie Leibovitz would be taking pictures of the beleaguered clan. After cursory concessions that the debate went poorly, surrogates insisted the impact was overblown – and that those speculating about replacing Biden on the ticket were hurting their party by considering an idea that would only prompt chaos and infighting. In private calls, public memos and media appearances, they mocked those who suggested the president self-inflicted a fatal wound as “bed wetters” out of touch with real Americans. Top Democratic lawmakers rallied around the president, fanning out on television to argue there’s still a path to victory against former President Donald Trump. Yet concern about Biden’s candidacy may be extending more widely A post-debate poll by CBS News found that just 28% of registered voters believed Biden should be running for president, including only 54% of the president’s own party. Some 72% said Biden didn’t have the mental and cognitive health to serve as president. Representative Jamie Raskin, an influential Maryland Democrat, said on MSNBC there were “very honest and serious and rigorous conversations taking place at every level of our party” about the path forward. Photographers zooming in on Biden’s phone spotted him calling historian Jon Meacham – a frequent adviser whom he has consulted ahead of consequential moments in his administration – as the president boarded his Marine One helicopter Saturday night after a series of fundraisers. Former hedge fund manager Whitney Tilson, a Democratic donor, emailed a group of top lawmakers urging them to persuade the campaign to put Biden in “unscripted settings” handling “fair but tough questions” in order to prove he isn’t “in a moderate to advanced state of cognitive decline.“ Aides said they had raised around $33 million – including $26 million in grassroots donations – since Thursday. Campaign chairwoman Jen O’Malley Dillon said internal data showed the debate “did nothing to change the American people’s perception” about the race. They said Biden had rebounded at a speech Friday in North Carolina, and took encouragement in Nielsen ratings showing that the debate drew just 51 million viewers, significantly fewer than in past elections. They cited flash polls that suggested Biden’s performance hadn’t seriously eroded his support, sidestepping the fact the president already appeared to be trailing Trump headed into the debate.

Debate Viewership Lowest Since 2000

Share of TV households watching presidential debates

Source: Nielsen Media

Biden’s team  has few alternatives as long as the president wants to remain in the race, necessitating a posture in which staffers must stake their credibility and legacies to not further diminish a wounded candidate. Forcing Biden from the ticket is virtually impossible under Democratic Party rules, and the president and his allies have decades of connections throughout Washington, including personal friendships with top lawmakers.. NN audio  file:

Biden is Back

Israel’s Katz threatens to destroy Iran………. Israeli FM Katz invited to NATO summit

Israeli Foreign Minister Israel Katz responded to Iranian warning of “obliterating war” if Israel launches a full-scale war against Hezbollah, stressing that “a regime that threatens destruction deserves to be destroyed.” In a post on X, formerly known as Twitter, Katz underlined that if the Iran-backed militant group “does not cease its fire and withdraw from southern Lebanon, we will act against it with full force until security is restored and residents can return to their homes.” Previously, Iran’s mission to the United Nations said that “all Resistance Fronts” are ready to support Hezbollah if Israel starts an all-out war against Lebanon.

Israeli FM Katz invited to NATO summit

Israeli Foreign Minister Israel Katz confirmed on Friday that he was invited to the NATO summit, which will be held in Washington, DC from July 9 to 11. He added that he was invited by United States Secretary of State Antony Blinken. Although the agenda for the summit has not been published yet, the Middle East crisis is certain to be one of the points of discussion. While several prominent NATO allies support Israel, including the US, the United Kingdom and Germany, Turkey is one of Israel’s strongest critics, with Turkish President Recep Tayyip Erdogan regularly blasting the Israeli government and Prime Minister Benjamin  Netanyahu.

StanChart Eyes “Strong Q3 Fundamentals” for Oil Price Rally

Standard Chartered has been plotting the path of the oil price rally in what it terms as an “incorrect market reaction to the 2 June OPEC+ meeting”, telling investors in a note on Wednesday that the rally has “significantly further to run”. Since reaching a low point after June 2, Brent crude has rallied by over $9 per barrel, and analysts at Standard Chartered now believe that “with the Q3 supply deficit only partially mitigated by the start of OPEC+ production increases in Q4, we could be looking at a supply deficit beginning in August.  “The increase in demand towards its seasonal peak is the key driver of supply deficits of over 2 million barrels per day in both August and September. We do not expect the market to swing back into surplus in Q4 despite the seasonal fall in demand and increases in OPEC+ output,” Standard Chartered said in an investor report. Analysts are assuming here that OPEC+ voluntary output cuts unwind as planned, but warn that if the market becomes more bearish, “we expect the rolling back of voluntary cuts to take place over a longer timeframe”. 

Standard Chartered is advising investors that the market has not yet priced in a continuation of inventory draws in the fourth-quarter of this year and the first quarter of next year, and sees the potential for $90 oil in early Q3.

Also on Wednesday, Ole Hansen, head of commodity strategy for Saxo, said analysts noted that since the Q4 2022, the U.S. crude oil benchmark, West Texas Intermediate (WTI) has been averaging around $79 per barrel, highlighting “how production restraint by OPEC+ since April last year has helped deliver a period of stable prices, most likely at lower levels than originally anticipated by the group.” Hansen also noted that many cartel members need Brent to trade closer to $90 to balance their budgets.  “From an investor perspective, the crude oil market continues to yield a better return than what the change in the spot price is indicating,” Hansen wrote, noting that WTI spot month futures were trading up around 14% year-to-date. Standard Chartered also noted that while oil’s rally is strong, SCORPIO, its machine-learning oil price model, sees some bearish short-term influencers, most notably three weeks of increasing oil prices against the backdrop of “unusually low implied volatility”.

Biden acknowledges weak debate performance

Democratic questions swirl over whether he’ll stay in the presidential race
WashingtonCNN — 

President Joe Biden’s campaign insisted Friday he will not drop out of the 2024 race, but fractures between those in the president’s orbit insisting on trudging forward and the broader Democratic world seeking a last-minute change were growing after Biden’s disastrous debate performance. Biden acknowledged the weak performance while giving a much more animated speech in North Carolina on Friday, saying, “I know I’m not a young man. I don’t walk as easily as I used to. I don’t talk as smoothly as I used to. I don’t debate as well as I used to, but i know what I do know: I know how to tell the truth. I know right from wrong. And I know how to do this job, I know how to get things done. And I know what millions of Americans know: When you get knocked down, you get back up.” From the West Wing to Wilmington, Biden advisers spent Friday morning calling Democratic members of Congress, donors and other key supporters in hopes of allaying some of the widespread panic about the debate with former President Donald Trump on CNN Thursday night. Biden’s performance — rife with a raspy voice, an often mouth-agape facial expression and one painful moment in which the president lost his train of thought and suddenly stopped speaking — laid bare the potential political costs of nominating the oldest-ever president for a second term. Asked whether Biden would exit the race, Biden campaign spokesperson Seth Schuster responded: “No.”

The New York Times Editorial Board on Friday called for Biden to withdraw from the race, writing, “The greatest public service Mr. Biden can now perform is to announce that he will not continue to run for re-election.”

The board said in part that “there is no reason for the party to risk the stability and security of the country by forcing voters to choose between Mr. Trump’s deficiencies and those of Mr. Biden.” The board, though, wrote that it would still support Biden as its “unequivocal pick” if he remains in the race and against his predecessor.

US removes Gaza aid pier due to rough seas, prompts delivery concerns

The US military will dismantle the pier built to deliver aid to Gaza due to weather concerns, but the US is considering not reinstalling it, AP reported on Friday. The pier may not be reinstalled unless aid distribution resumes effectively. US officials, speaking anonymously, confirmed that rough seas had previously damaged the pier, and ongoing security issues have further complicated aid efforts in the region. Despite the pier facilitating the delivery of over 6.8 million kilograms of food, the majority remains in storage due to logistical challenges in transporting it within Gaza. Humanitarian convoys have faced attacks, halting aid movement from the pier to needed areas. NN Audio File:

Biden’s Billion Dollar boondoggle.

US reportedly lays out new terms to secure Gaza ceasefire

Washington is said to have proposed new terms in an effort to secure an agreement on the ceasefire in the Gaza Strip, sources told Axios. People familiar with the matter shared that United States officials drafted new language for Article 8 of the proposal concerning ceasefire negotiations to determine the conditions for the second phase of the agreement. According to the sources, Hamas wants these talks to focus on the number of Palestinian soldiers that will be released in return for all male hostages, while Israel wants to discuss the demilitarization of Gaza. One of the insiders shared that should Hamas agree to the new proposal, it could pave the way for the warring parties to finalize the deal.

Israeli Jets Launched Massive Airstrike on Hezbollah Bases & Tears Down Tunnels Shafts!

IDF says it hit significant Hezbollah site deep in Lebanon; 50 rockets fired at Golan

3 members of terror group killed in attack in Hermel District; Israel says strike a response to UAV downed in south Lebanon Monday; suspected drone intercepted near Haifa An Israeli airstrike is seen in northeastern Lebanon’s Hermel District, early June 11, 2024. (Social media/X. Used in accordance with Clause 27a of the Copyright Law) Fighter jets struck what Israel’s military described as a significant Hezbollah compound deep in Lebanon overnight Monday-Tuesday after the terror group downed an Israeli drone. The Israel Defense Forces said airstrikes targeted a site in the Baalbek region belonging to Hezbollah’s Unit 4400, as well as sites in southern Lebanon. According to Israel, Unit 4400 is tasked with “logistical force build-up,” including delivering weaponry to Lebanon and within the country. Hezbollah is backed by Iran, which supplies it with much of its arms. Lebanese media reported that strikes took place in the Hermel District, near Baalbek in northeastern Lebanon, and sources in the terror group told AFP that three Hezbollah members were killed. “Three Hezbollah members were killed by nine Israeli missile strikes that targeted a convoy of tankers and a building” in a village in Hermel District on the border with Syria, the Hezbollah source told AFP, adding that three people were also wounded. On its Telegram channel, the terror group said three members had been killed “on the road to Jerusalem,” its term for operatives slain in Israeli strikes. They were named as Bilal a-Din, of the south Lebanon village of Majdel Selm, Abbas Nasser, from Tayr Felsay, a town in the Tyre District, and Hadi Musaa, from Shebaa.

The attack potentially marked the deepest IDF strikes in Lebanon amid the ongoing war, as Hermel is some 130 kilometers (80 miles) from the Israeli border.

It came amid increasing hostilities between Israel and the terror group as the sides appear to march closer to all-out war. Aside from the strike in Baalbek, the IDF said several more Hezbollah targets, including a military compound and two buildings, were struck in southern Lebanon’s Aitaroun. The IDF said the strikes were a response to Hezbollah downing a military unmanned aerial vehicle over south Lebanon on Monday. Hezbollah, in a statement, said it had intercepted a Hermes 900, a large surveillance and attack UAV used by the Israeli military in Lebanon, the West Bank, the Gaza Strip, and other fronts. The IDF said the drone was hit by a surface-to-air missile, and the incident was being investigated. It marked the fifth IDF drone to be shot down by Hezbollah over southern Lebanon amid the war. In all, two Hermes 450 drones and three Hermes 900 models have been downed by the terror group in recent months. Along with the Islamic Resistance in Iraq, Iran-backed groups in Yemen and Syria have claimed to have launched dozens of drones at Israel during the ongoing war sparked by Hamas’s devastating October 7 terror onslaught, while Lebanon’s Hezbollah has attacked communities and IDF positions in northern Israel on a near-daily basis. Iran itself also carried out an unprecedented attack on Israel in April with hundreds of drones and missiles.

Biden’s Disastrous Debate Accelerates Doubts Over Candidacy

President Joe Biden bet that a debate with Republican Donald Trump would boost his moribund reelection campaign. His gamble failed. A weary president looked every day of his 81 years. Instead of proving to voters that he had the stamina for another four year term, everything that could go wrong did. Biden misspoke numerous times, citing incorrect facts and figures from his first answer out of the gate. His remarks were soft-spoken, punctuated by sickly bouts of coughing, and meandering, prone to repetition. He stared into the distance as Trump delivered broadside after broadside, routinely botched scripted attacks on the former president, and froze at the end of one rambling answer. Democrats publicly and privately expressed alarm in the aftermath, with anger bubbling toward a candidate and campaign who have long dismissed concerns over the president’s age and acuity as overblown. It invited questions as to whether the president should remain in the race, though he told reporters later that night he intended to stay on the ticket.

One Democratic lawmaker shortly after the debate, speaking on condition of anonymity, said the president appeared a shell of his former self and that the party must have a conversation about replacing him on the ballot.

Trump, who polls showed with a small but steady lead headed into the night, now appears the clear favorite to capture a second term in the White House. “It was a really disappointing debate performance from Joe Biden. I don’t think there’s any other way to slice it,” Kate Bedingfield, the president’s former communications director, said on CNN. “His biggest issue that he had to prove to the American people was that he had the energy and the stamina, and he didn’t do that A Trump victory would have seismic consequences for US trade policy, the tax system, civil rights and the nation’s relationships with allies and adversaries. Markets were already anticipating the momentum behind Trump. The dollar pushed higher against major peers as the candidates traded barbs, with the Mexican peso and Japanese yen among global currencies weakening. Biden’s team wanted to face-off against Trump in June — the earliest in modern US political history — in order to change the race from a referendum on his presidency into a contrast with his predecessor. Instead, it was Trump, 78, who was able to put Biden on the defensive on the US’s disastrous withdrawal from Afghanistan, the border crisis and inflation. He avoided the type of outbursts that bedeviled his first debate with Biden four years ago when he talked over Biden repeatedly and came across as overly aggressive.

Trump pounced when Biden stumbled. “I really don’t know what he said at the end of that sentence, and I don’t think he knows what he said either,” Trump said in response to one of Biden’s answers about the US-Mexico border. Biden’s mission before one of his biggest audiences of the year was to reassure the public of his strength and stamina, assuage nervous Democrats who were uneasy with the president’s decision to seek reelection and bring them back into his fold. On nearly every front, the president fell short. Biden spent more than a week out of the public eye ahead of the debate preparing with a small cadre of longtime aides who have spent the past year angrily dismissing questions about the president’s mental acuity and age.

Publicly, Democratic elected officials looked to circle the wagon, with likely future presidential aspirants like Michigan Governor Gretchen Whitmer, Illinois Governor JB Pritzker and California Governor Gavin Newsom defending his performance. “Absolutely, he’s our nominee. Nothing changed tonight,” Newsom said. “Quite the contrary. He won on the substance, that’s what matters at the end of the day.”Vice President Kamala Harris said on CNN that “there was a slow start but it was a strong finish.” Biden did pick up steam about 50 minutes into the debate when he called out Trump’s past statements on seeking retribution and then later, when he spoke about Trump’s tax cuts and his handling of the deficit. Biden also tried to land blows on Republicans’ stance on Social Security and Medicare, Trump’s record with Black voters or Trump pulling out of the Paris climate accords. Maria Shriver, scion of the Democratic Kennedy dynasty and one of first lady Jill Biden’s guests at this year’s State of the Union, said “tonight was heartbreaking in many ways.”

“There’s panic in the Democratic party,” she continued in a post on X. “It’s going to be a long night.”

In the proud tradition of many who have had a rough night in Atlanta, Biden left the debate to visit a nearby Waffle House. He told reporters there that he had a sore throat, and acknowledged the perceptions of his performance. NN: See  BlackMask Market News and Commentary Titled: Clearly Elderly Abuse.