Oil on Tenterhooks as US Steps Up Drive to Contain Gaza Crisis

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Oil on Tenterhooks as US Steps Up Drive to Contain Gaza Crisis
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(Bloomberg) -- Oil traded in a narrow range, with Israel yet to launch its expected ground offensive of the Gaza Strip and the US stepping up efforts to...

-- Oil traded in a narrow range, with Israel yet to launch its expected ground offensive of the Gaza Strip and the US stepping up efforts to prevent the crisis from becoming a regional conflagration.Brent held below $91 a barrel, after surging almost 6% on Friday to cap a sizable weekly gain. Over the weekend, US officials rushed to speak with Middle Eastern nations — including back-channel talks with Iran — to contain the conflict.

Blinken will make an unscheduled return to Israel today following talks with Arab officials, including in OPEC+ leader Saudi Arabia. Earlier, Iran’s Foreign Minister Hossein Amirabdollahian warned that there was a risk of conflict spreading if Israel continued its offensive. Tehran is Hamas’ main backer, and also supports the Hezbollah group in southern Lebanon.With thousands of Israeli troops massed near Gaza, the Biden administration has also beefed up the US military presence in the region.

Quinn Mitchell, 15, became known for his pointed questioning of Ron DeSantis in June, which provoked an uncomfortable response from the governor.It's a trap, warns UK spy chief, as Israel prepares for months of brutal urban warfare against Hamas in bombed-out Gaza IDF video shows Israeli navy unit spraying machine gun fire at Hamas fighters 'swimming' toward coast

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