Oil prices jumped more than $3 a barrel in early Asian trade on Monday, as dramatic military clashes between Israeli and Hamas forces over the weekend...
FILE PHOTO: Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, ArgentinaBEIJING - Oil prices jumped more than $3 a barrel in early Asian trade on Monday, as dramatic military clashes between Israeli and Hamas forces over the weekend deepened political uncertainty across the Middle East.
A normalisation of Saudi-Israeli relations would likely freeze recent moves toward detente between Saudi Arabia and Iran. "For this conflict to have a lasting and meaningful impact on oil markets, there must be a sustained reduction in oil supply or transport," Vivek Dhar, an analyst at Commonwealth Bank of Australia, said in a note.
A video shows the Israeli Navy blasting Hamas motorboats as they raced toward the coast, killing dozens, says the IDFIf it is a truism that all political careers end in failure, the definition of failure in most democracies involves an election loss or the mundanity of a policy not working. In Israel, political failure can lead to catastrophe – as we are now witnessing in gruesome, sickening detail.
A video appears to show Israeli forces engaged in a firefight on Sunday, as the IDF says fighting is still ongoing in eight locations in Israel.Iran’s Islamic revolutionary government will derive great satisfaction from yesterday’s surprise attack launched by Hamas militants against Israel. Since the Iranian revolution back in 1979, the sine qua non for Iran’s Islamic rulers has been the complete destruction of the Jewish state.
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