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☆ Netanyahu's first post-war plan seeks security buffer in Gaza — in blow to U.S. diplomacy
▼ + stars: | 2024-02-23 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Israeli Prime Minister Benjamin Netanyahu looks on as the US Secretary of State gives statements to the media inside The Kirya, which houses the Israeli Defence Ministry, after their meeting in Tel Aviv on October 12, 2023. He is expected to visit Israeli Prime Minister Benjamin Netanyahu as Washington closes ranks with its ally that has launched a withering air campaign against Hamas militants in the Gaza Strip. Israeli Prime Minister Benjamin Netanyahu disclosed his first official plan for the post-war future of the Gaza Strip, calling for Israel's ongoing military presence in the enclave and for the preservation of a security buffer zone — a step antithetical to the wishes of closely-allied Washington. In the intermediate term, Israel wishes to "maintain its operational freedom of action in the entire Gaza Strip, without a time limit," as well as to retain a security buffer within the besieged territory. "The security perimeter being created in the Gaza Strip on the border with Israel will remain as long as there is a security need for it," the document says.

Persons: Benjamin Netanyahu, Blinken, Netanyahu, Israel, Matt Miller, Israel — Organizations: Israeli Defence Ministry, Washington, Hamas, NBC News, Gaza, U.S . State Locations: Tel Aviv, Israel, AFP, Gaza, Washington, Palestinian, U.S, Egypt

☆ China tightens reins on quant trading after three-day ban on fund
▼ + stars: | 2024-02-21 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

China is tightening regulatory restrictions on its rapidly booming quant trading industry, after freezing the accounts of a major player in the sector for three days in a rare crackdown. The stock exchanges of key financial hubs Shanghai and Shenzhen issued notices late Tuesday announcing they will deepen their scrutiny of market trades conducted by quant funds — which use advanced computer-driven automated analysis and algorithms to catch opportunities in stocks and commodities — especially of leveraged quantitative products, according to separate Google-translated statements. The bourses will strengthen and expand the scope of reporting of such trades and improve the monitoring standards for "abnormal" transactions. The Shenzhen stock exchange also noted that "quantitative trading, especially high-frequency trading, has obvious technical, information and speed advantages over small and medium-sized investors." The announcements come after both exchanges implemented a three-day trading ban on one of China's largest quant funds, Lingjun Investment, which the Shanghai bourse accused of "affecting the security of the Exchange's system or normal trading order" with a flurry of transactions executed between 09:30 a.m. and 09:31 a.m. local time, according to a Google-translated statement.

Organizations: Lingjun, Shanghai bourse Locations: China, Shanghai, Shenzhen

☆ Houthis claim 'catastrophic' attack in Red Sea that prompted crew to abandon ship
▼ + stars: | 2024-02-19 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

The Iran-backed Houthi militant group on Sunday damaged a ship offshore Yemen, prompting its crew to abandon the vessel in the latest escalation of maritime tensions that have disrupted key trade routes in the Red Sea. Houthi militants later claimed the attack, with spokesperson Yahya Sare'e identifying the vessel as general cargo ship Rubymar and describing it as British. "The ship suffered catastrophic damage and came to a complete halt," Houthi Spokesperson Sare'e said. The hostilities have also prompted armed exchanges between Houthis and British and American forces, which have previously struck at Yemeni targets in a bid to improve maritime security. Sare'e said that the Houthis on Sunday also shot down a U.S. drone in Hodeidah.

Persons: Yahya Sare'e, Sare'e, Ice Brent, Nymex WTI Organizations: Maritime Trade Operations, CNBC, Global, Djiboutian Navy, Hamas, Maersk, Ice, U.S . Central Command, U.S . Navy, Ambrey Analytics Locations: Iran, Yemen, Red, Belize, British, U.S, Saudi, Khair, Varna, Bulgaria, Gulf, Aden, London, Gaza, Danish, Good Hope, Houthis, ., Houthi, Greece, Yemen's

☆ Jailed Putin foe Alexei Navalny confirmed dead with family calling for body to be returned
▼ + stars: | 2024-02-17 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

A photo of Alexei Navalny and candles are seen in front of the Russian consulate in Krakow, Poland on February 16, 2024. A spokesperson for Putin dissident Alexei Navalny confirmed his death on Saturday, after Russian media reported his demise on Friday, citing the prison service of the Yamalo-Nenets region where he was imprisoned. On Friday, the IC had said on Telegram that it is organizing a procedural check into Navalny's demise, in a Google-translated post. "We demand that Alexey Navalny's body be handed over to his family immediately," Yarmysh said Saturday. Navalny's demise and Moscow's ongoing full-fledged invasion of Ukraine, soon to observe its second year later this month, have dominated conversations at the Munich Security Conference this weekend.

Persons: Alexei Navalny, Kira Yarmysh, Yarmysh, Alexey Navalny's, Navalny, Vladimir Putin, Putin's, Putin, Volodymyr Zelenskyy Organizations: Russia, Munich Security, MSC Locations: Russian, Krakow, Poland, Salekhard, Russia, Ukraine

☆ Russia's Putin says he prefers 'more predictable' Biden over Trump in U.S. election
▼ + stars: | 2024-02-15 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

Russian President Vladimir Putin said he preferred Joe Biden as the next U.S. president over Republican frontrunner Donald Trump, who fell under intense scrutiny for his relationship with the Kremlin during his presidency. The Trump and Biden presidential campaigns did not immediately respond to CNBC's requests for comment. Referencing their meeting in Geneva, Switzerland, in 2021, Putin said he had noticed no signs of incapacity from Biden. Despite these apparently favorable comments, Putin stressed ongoing disagreement with Biden's politics, saying "the incumbent administration's approach is most harmful and erroneous." Trump was probed during a nearly two-year special counsel investigation of Russian interference in the election that he won.

Persons: Vladimir Putin, Joe Biden, Donald Trump, Biden, Putin, Pavel Zarubin, Trump, Robert Hur, —, Jens Stoltenberg Organizations: White, Kremlin, Biden, U.S, Democrats, Republicans, of Justice, House, NATO, Republican, Democrat, Senate, Taiwan — Locations: Washington , U.S, America, Ukraine, Russia, Geneva, Switzerland, Kyiv, Moscow, China, Iran, South Carolina, Russian, Israel, Taiwan

☆ NATO chief concedes 'valid point' of spending criticism as allies up defense budgets
▼ + stars: | 2024-02-14 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

NATO Secretary General Jens Stoltenberg speaks during a press conference on the third day of the International Monetary Fund and World Bank annual meeting, in Marrakech, Morocco, October 11, 2023. NATO Secretary General Jens Stoltenberg conceded to criticism that some members have been underfinancing the coalition's defense budget, saying he expects a record 18 allies to meet their military spending goal this year. "The criticism that you hear is not primarily about NATO, it's about NATO allies not spending enough on NATO. And that's a valid point," Stoltenberg said during a press briefing on Wednesday, in response to a question on whether Trump's comments aligned with the broader views of Republican officials that the NATO chief has engaged. "The good news is that this is exactly what NATO allies are now doing."

Persons: Jens Stoltenberg, Donald Trump, Stoltenberg, " Stoltenberg Organizations: NATO, International Monetary Fund, Bank Locations: Marrakech, Morocco, Canada

☆ Saudi energy minister pins Aramco's oil capacity halt on green transition
▼ + stars: | 2024-02-12 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

Saudi energy minister Abdulaziz bin Salman on Oct. 5, 2022. And transitioning means that even our oil company, which used to be an oil company, became a hydrocarbon company. The Saudi energy minister on Monday qualified the decision was not made hastily and was the product of a continuous review of market conditions. "Why should we be the last country to hold energy capacity, or emergency capacity, when it is not appreciated? the Saudi energy minister said.

Persons: Abdulaziz bin Salman Organizations: Bloomberg, Getty, Aramco, Energy, International Petroleum Technology, Monday, of, Petroleum Locations: Aramco, Saudi, Dhahran, Saudi Arabia, Riyadh, Moscow

☆ Putin hints at swapping detained Wall Street Journal reporter for Russian prisoner
▼ + stars: | 2024-02-09 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Russian President Vladimir Putin on Thursday said "an agreement can be reached" over the release of detained Wall Street Journal reporter Evan Gershkovich, signaling he is open to an exchange for a Russian prisoner serving time in Germany. "At the end of the day, it does not make any sense to keep [Gershkovich] in prison in Russia. We want the U.S. Special Services to think about how they can contribute to achieving the goals our special services are pursuing. We are ready to talk," Putin said, repeatedly indicating that negotiations over the journalist's future were underway. The Wall Street Journal strongly denies the charges of espionage levied against Gershkovich, a Russia correspondent at the paper, and says he was in Yekaterinburg on a legitimate reporting trip before he was imprisoned in March 2023.

Persons: Evan Gershkovich, Vladimir Putin, Putin's, Tucker Carlson, Putin, Vadim Krasikov, Zelimkhan Organizations: Street, Fox News, Kremlin, Russian Federation, U.S . Special Services, Gershkovich Locations: Russia, Lefortovsky, Moscow, Germany, Ukraine, U.S, Russian, Chechen, Berlin, Yekaterinburg

☆ China appoints 'Broker Butcher' Wu Qing as new chairman of securities regulator
▼ + stars: | 2024-02-07 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

BEIJNG, CHINA - NOVEMBER 13: Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. (Photo by Gao Zehong/VCG via Getty Images)China's cabinet on Wednesday appointed markets veteran Wu Qing as chairman of the China Securities Regulatory Commission, state media Xinhua said, replacing Yi Huiman to navigate Beijing through the turbulent waters of a market downturn. Nicknamed the "Broker Butcher" for his crackdown on traders, Wu was previously the acting vice mayor of China's major financial hub Shanghai and served nearly two years as chairman of the Shanghai Stock Exchange. His predecessor Yi took the mantle of the CRSC in 2019, tasked to undertake a spate of sweeping capital markets reforms. Wu's appointment comes on the footsteps of the CSRC over the past two weeks announcing new supportive policies to stabilize and revitalize China's stricken stock market, which has become a casualty of volatility in the property sector and widespread investor pessimism over the outlook for the world's second-largest economy.

Persons: Gao Zehong, Wu Qing, Yi Huiman, Wu, Yi Organizations: Getty, China Securities Regulatory Commission, Xinhua, Shanghai Stock Exchange Locations: BEIJNG, CHINA, Beijing, China, Shanghai

Valvoline had last year decided to separate its retail services and global products divisions following a strategic review. Saudi Arabia's state-controlled Aramco on Tuesday announced it is pausing plans to raise its crude production capacity from 12 million barrels per day to 13 million barrels per day. At 7 a.m. London time, Brent crude prices for March delivery were up 0.24% from previous close price at $82.60 per barrel. The Tuesday announcement comes amid mounting concerns over the outlook for oil demand worldwide, given a progressing global transition toward decarbonization that casts a shadow over long-term investment projects in fossil fuels. Global oil demand is projected to have risen by 2.3 million barrels per day in 2023 to 101.7 million barrels per day, according to the International Energy Agency's annual report published in December.

Persons: Valvoline, Brent Organizations: Saudi Ministry of Energy, Aramco, International Energy Locations: Saudi Arabia's, Aramco, London

☆ World Court rules Israel must prevent genocide in Gaza, falls short of ordering a cease-fire
▼ + stars: | 2024-01-26 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +5 min

The Peace Palace building of the International Court of Justice a few hours before the court delivers its ruling in the case brought by South Africa against Israel. It comes as Israeli forces continue a military campaign in the Gaza Strip that has claimed tens of thousands of Palestinian lives. The World Court lacks the means to directly enforce its pronouncements, but its rulings can often deal heavy reputational blows to the accused. The World Court called for the immediate release of the captives. They say that Hamas forces have intentionally entrenched themselves in non-combatant facilities in the Gaza Strip, such as schools and hospitals, and are using civilians as human shields.

Persons: Israel, Israel's, John Kirby, Benjamin Netanyahu, Netanyahu Organizations: International Court, Israel, South, Palestinian Ministry of Health, Security, Hamas, country's Department of International Relations, Cooperation, United Nations Security Council Locations: South Africa, Israel, Gaza, U.S, Africa

☆ Trump warns he will blacklist Nikki Haley campaign donors
▼ + stars: | 2024-01-25 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

Former U.S. President Donald Trump warned he will blacklist donors to the electoral campaign of Nikki Haley, his rival for the Republican nomination. In a post overnight on the Truth Social social media platform, Trump said that anyone who contributes to Haley's platform "from this moment forth, will be permanently barred from the MAGA camp. He recognized that the practice of campaign donors redirecting their resources toward a party candidate that emerges more successful is commonplace. The Trump campaign did not immediately respond to a CNBC request for comment on whether this represents official policy. Haley retaliated with a post on the X social media platform urging supporters to contribute to her campaign.

Persons: Donald Trump, Nikki Haley, Trump, MAGA, Haley Organizations: U.S, Republican, New, Former U.S, Social, CNBC, Former South Carolina Gov Locations: New Hampshire, Laconia , New Hampshire, U.S

☆ 'It's really bad': China strategist warns of deflation and rock-bottom consumer confidence
▼ + stars: | 2024-01-23 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

BEIJNG, CHINA - NOVEMBER 13: Illuminated skyscrapers stand at the central business district at sunset on November 13, 2023 in Beijing, China. The economy here is bad, it's pretty ... it's really bad. In December, depressed prices for pork — which makes up around a fifth of China's CPI basket — heralded the possible advent of deflation. The decision comes amid infectious expectations among investment banks that China's economy will expand at a more sluggish pace in 2024. Despite this, the International Monetary Fund in November outlined a forecast for China's growth to slow in 2024 to just 4.6%.

Persons: Gao Zehong, it's, I've, Shaun Rein, CNBC's, Rein, Li Qiang, Li Organizations: Getty, China Market Research Group, CPI, People's Bank of China, Economic, International Monetary Fund Locations: BEIJNG, CHINA, Beijing, China, Davos, Switzerland

☆ Putin 'precipitated virtually everything he sought to prevent' with Ukraine invasion, Blinken says
▼ + stars: | 2024-01-17 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

Antony Blinken, U.S. Secretary of State, speaks with CNBC's Andrew Ross Sorkin at the WEF Annual Meeting in Davos, Switzerland on Jan. 16th, 2024. Russian President Vladimir Putin has "precipitated virtually everything he sought to prevent" by launching an invasion against Ukraine to separate Kyiv from the West, U.S. Secretary of State Antony Blinken said at a panel discussion in Davos, Switzerland. "Ukraine has been a profound strategic failure for Vladimir Putin and for Russia, in so many ways," he said Wednesday. "You now have a Russia that overall is weaker militarily, it's weaker economically, it's weaker diplomatically. Witnessing Moscow's ire in Ukraine, Finland and Sweden abandoned their long-held neutrality and applied to join the military group in May 2022.

Persons: Antony Blinken, CNBC's Andrew Ross Sorkin, Vladimir Putin, — Organizations: State, West, NATO, EU Locations: U.S, Davos, Switzerland, Ukraine, Russia, Europe, Finland, Sweden, Hungary, Turkey

☆ BP appoints Murray Auchincloss as permanent CEO
▼ + stars: | 2024-01-17 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

BP CEO Murray Auchincloss speaks at the panel dicscussion during the Abu Dhabi International Petroleum Exhibition and Conference held at ADNEC Exhibition Center on October 2, 2023. LONDON — Oil and gas major BP appointed Murray Auchincloss as permanent CEO, the company said Wednesday. The energy company said it carried out a search process to appoint the new company boss since September. "It's an honour to lead BP — this is a great company with great people. Our strategy — from international oil company to integrated energy company, or IOC to IEC — does not change.

Persons: Murray Auchincloss, Bernard Looney, Auchincloss, Murray, Helge Lund, I'm Organizations: Abu, Abu Dhabi International Petroleum Exhibition, ADNEC, BP, Amoco Canada, IEC Locations: Abu Dhabi

COP28 president Sultan Ahmed Al Jaber speaks during the Transforming Food Systems in the Face of Climate Change event on the sidelines of the COP28 climate summit at Dubai Expo on December 1, 2023. "We delivered world first after world first," the UAE summit presidency said in a further social media update. And we have language on fossil fuels in our final agreement." Many believed the COP28 summit could only be considered a success if it resulted in a deal to phase out all fossil fuels. COP28 President Sultan al-Jaber sparked a backlash earlier this month after he claimed there is "no science" behind calls for a phase-out of fossil fuels.

Persons: Sultan Ahmed Al Jaber, Ludovic Marin, Licypriya Kangujam, Sean Gallup, Wopke Hoekstra, Alok Sharma, Sharma, CNBC's, Simon Stiell, We're, John Kerry, Selma de Montgomery, Avinash Persaud, Mikhail Gitarskiy, Sultan al, Jaber, he'd, Al Organizations: Food Systems, Dubai Expo, Afp, Getty Images, UAE Consensus, UAE, United Arab Emirates, Getty, Russian, BBC, Abu, Abu Dhabi National Oil Co Locations: Dubai, UAE, United Arab, United Arab Emirates, Pacific, Caribbean, Latin America, Africa, Asia, North America, Paris, United States, China, Denmark, Barbados, Moscow, Abu Dhabi

☆ Yemen's Houthi attacks Norwegian tanker after threat to target any Israel-bound ships
▼ + stars: | 2023-12-12 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

Yemen's Houthi militants on Tuesday claimed an attack against a Norwegian tanker, days after the group pledged to target Israel-bound ships of any nationality. The vessel Strinda was headed for Israel when it was "targeted with a suitable naval missile" after its crew "refused to respond to warning," Houthi spokesperson Yahya Saree said on social media on Tuesday. Centcom said that the Strinda reported damage that caused a fire on board, but no casualties. There were no U.S. ships in the vicinity at the time of the attack, but the country's destroyer class vessel, the USS Mason, responded to the Strinda's mayday call and rendered assistance, Centcom added. The vessel's Norwegian owner, Mowinckels Rederi, confirmed that the Strinda was hit by a missile and caught fire.

Persons: Yemen's, Houthi, Yahya Saree, Strinda, Centcom, Mason, Mowinckels Rederi Organizations: Tuesday, U.S . Central Command, Ship, CNBC Locations: Norwegian, Israel, Yemen, U.S, Malaysia, Italy, Gaza

☆ Israel expands its Gaza offensive and bombards the south of the strip
▼ + stars: | 2023-12-04 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +4 min

Israeli flares light the sky above Khan Yunis in the southern Gaza Strip, on Dec. 3, 2023. Said Khatib | Afp | Getty ImagesThe Gaza Strip faced heavy bombardment for a third night since the seven-day pause in fighting ended on Friday, as the Israeli offensive shifts to the refugee-packed south of the enclave. "We fought strongly and thoroughly in the northern Gaza Strip, and we are also doing it now in the southern Gaza Strip," Israel Defense Forces Chief of Staff Herzi Halevi told reservists on Sunday. Israeli attacks in southern GazaIn the Gaza Strip, Israeli attacks have coalesced around the southern city of Khan Younis, where Israel suspects that Hamas leadership is entrenched in a spiderweb of underground tunnels. "Despite what has been assured, attacks in the south of #Gaza are every bit as vicious as what the north endured," he added on social media.

Persons: Said Khatib, Staff Herzi Halevi, Daniel Hagari, Haitham Khuwajari, Hagar Mizrahi, Khan Younis, Israel, James Elder Organizations: Afp, Getty, Israel Defense Forces, Staff, IDF, Hamas, Shati Battalion, CNBC, UNICEF Locations: Gaza, Israel, Khan, Palestinian, Wadi Gaza, U.S

☆ Brazil set to join the influential OPEC+ oil producers' alliance
▼ + stars: | 2023-11-30 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Brazil will join the influential OPEC+ oil coalition that unites some of the biggest crude-producing nations in the world, according to Brazilian Energy Minister Alexandre Silveira. The announcement was made during a postponed OPEC+ meeting to discuss oil output strategy over 2024, amid languishing prices weighed by fragile demand recovery in China, geopolitical risks and uncertainty over supplies from U.S.-sanctioned OPEC members Iran and Venezuela. In footage shared from the meeting, Silveira said that President Lula da Silva had approved his country's membership, starting next year. "I would like to conclude my words by informing you that the honorable President Lula confirmed our entry into the OPEC+ cooperation charter from January 2024," he said. "Brazil received an invitation to join OPEC+.

Persons: Luiz Inacio Lula da Silva, Alexandre Silveira, Silveira, Lula da Silva, Lula Organizations: Brazilian Energy, OPEC, Mines and Energy, United Arab Locations: Brazil, OPEC, China, U.S, Iran, Venezuela, Saudi Arabia, Russia, United Arab Emirates, Brasilia, Correction

☆ Oil kingpin Saudi Arabia extends its production cut into first quarter as OPEC+ holds policy
▼ + stars: | 2023-11-30 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

The logo of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, on Thursday, July 6, 2023. The OPEC+ alliance had already instituted a 2 million barrel per day cut in place until the end of 2024, with several coalition members voluntarily pledging a further 1.66 million barrel per day decline over that same period. While OPEC+ has not formally endorsed production reductions, market participants are following the possibility of further voluntary cuts announced by key participants to the coalition. Close Saudi ally Kuwait will enforce a 135,000 barrel per day reduction in the first quarter, while the Energy Ministry of OPEC member Algeria said it would trim a further 51,000 barrels per day. Oman said it will also reduce output by 42,000 barrels per day in that same period.

Persons: Alexander Novak Organizations: Organization of, Petroleum, of, OPEC, Energy Ministry Locations: Vienna, Austria, OPEC, Saudi Arabia, Nigeria, Angola, Congo, Saudi, Riyadh, Moscow, Kuwait, Algeria, Oman

☆ Israel-Hamas war updates: Israel-Hamas truce nears end; six-truck convoy reaches north Gaza
▼ + stars: | 2023-11-29 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

Palestinians fleeing the north walk along the Salaheddine road in the Zeitoun district on the southern outskirts of Gaza City on November 28, 2023. The foreign ministers of the Group of Seven alliance released a statement expressing support for the lengthening of a truce between Israel and Hamas. The current cease-fire, which started Friday and has since had a two-day extension, is set to expire within a day. "We underscore the importance of protecting civilians and compliance with international law, in particular international humanitarian law." UNRWA and other humanitarian groups have been able to more freely receive supplies since the start of the temporary Israel-Hamas truce.

Organizations: Seven, Hamas, Works Agency, UNRWA Locations: Zeitoun, Gaza City, Israel, Jabalia, Palestinian

☆ OPEC+ oil producers head into meeting with quota unease and geopolitical risks casting a shadow
▼ + stars: | 2023-11-29 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +2 min

Baselines, levels off which cuts and quotas are decided, have been a bone of contention within OPEC+, stalling talks amid UAE pushback in the summer of 2021. But accepting lower baselines would pose risks in the event of future output recoveries. The two countries' baselines for 2024 — and implicitly their production quotas — were due to be studied following assessment from three independent data providers. Two OPEC+ delegates, who could only speak anonymously because of the sensitivity of discussions, told CNBC Tuesday that a compromise had yet to be reached, as the clock ticks toward key meetings between OPEC, OPEC+ and their technical committee. The gatherings were initially scheduled as in-person meetings last weekend in Vienna, before a last-minute downgrade to virtual conferences.

Persons: Saudi Arabia —, —, Prince Abdulaziz bin Salman Organizations: of Petroleum, CNBC, UAE, Change, Saudi Energy Locations: OPEC, Saudi, Saudi Arabia, Angola, Nigeria, Vienna

☆ Israel-Hamas war updates: Gaza truce enters fifth day; UN chief calls for further talks toward cease-fire
▼ + stars: | 2023-11-28 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +1 min

About 200 trucks loaded with humanitarian aid, cooking gas and fuel enter the Gaza Strip during the humanitarian pause between Israel and Hamas in Gaza City, Gaza on November 28, 2023. The humanitarian truce deal that has brought a pause to the fighting in the Gaza Strip entered its fifth day, after a two-day extension was announced Monday. Elsewhere, U.N. Secretary-General Antonio Guterres called for further dialogue and an ultimate humanitarian cease-fire in the war, along with the unconditional release of all hostages. "Seven weeks of hostilities in Gaza and Israel have taken an appalling toll that has shocked the world. For the past four days, the guns have fallen silent," he said in a Monday statement.

Persons: Antonio Guterres Organizations: U.N Locations: Gaza, Israel, Gaza City

☆ Israel-Hamas war live updates: Israel and Hamas begin temporary pause in Gaza fighting, with first hostage release expected
▼ + stars: | 2023-11-24 | by ( Ruxandra Iordache | ) www.cnbc.com time to read: +3 min

The 50 hostages, among about 240 taken by Hamas in their Oct. 7 raid on Israel, are expected to be released in batches, probably about a dozen a day, during the four-day ceasefire. The pause will be extended by a day for each additional batch of 10 hostages released, Israel said in a statement. The group said Israel agreed not to attack or arrest anyone in Gaza, and people can move freely along Salah al-Din Street, the main road along which many Palestinians have fled northern Gaza where Israel launched its ground invasion. Hamas has not released a full list of names of those being held in Gaza. Not all the hostages taken on Oct. 7 were being held by Hamas fighters.

Persons: Israel, Salah al, Foreign Ministry Mohammed Al, Joe Biden, Sheikh Tamim bin Hamad Al, Benjamin Netanyahu, — Organizations: Hamas, State, Foreign Ministry, U.S, Qatar, Qatari, United Locations: Israel, Gaza, Qatar, Gaza ., Doha, United States, Sheikh Tamim bin Hamad Al Thani, Israeli, Egypt

☆ Israel-Hamas war live updates: 'We are not ending the war,' Israel military chief of staff says; no hostage releases expected before Friday
▼ + stars: | 2023-11-23 | by ( Ruxandra Iordache Katrina Bishop | Ruxandra Iordache | Katrina Bishop | ) www.cnbc.com time to read: +1 min

Qatar's lead negotiator in the Israel-Hamas hostage talks has shared further details of the deal, saying the releases will happen "systematically." "This agreement specifically focuses on civilian women and children in each side, on both sides. It comes after Tzachi Hanegbi, Israel's national security adviser, said late Wednesday that the hostage release has been delayed until at least Friday. "The contacts on the release of our hostages are advancing and continuing constantly," Hanegbi said in a statement translated by NBC News. "The start of the release will take place according to the original agreement between the sides, and not before Friday."

Persons: Qatar's, Mohammed, Khulaifi, Tzachi Hanegbi, Hanegbi Organizations: NBC News Locations: Rafah, Gaza, Israel, Egypt, U.S, Qatar

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