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The Strategic Petroleum Reserve (SPR) Bryan Mound storage facility located in Brazoria County, Texas, is one of four sites that make up the country's oil reserve. Crude oil futures rose more than 1% on Friday, but are on pace for a weekly loss as slowing demand in China weighs on the market. "That has really evaporated from the market," Croft said. "The market has really refocused on these demand concerns," Croft said. "Chinese demand concerns have really weighed on this market as well as broader concerns about the macro outlook," she said.
Persons: Brent, Helima Croft, CNBC's, Croft Organizations: Strategic Petroleum Reserve, RBC Capital Markets, Traders Locations: Mound, Brazoria County , Texas, China, Iran, Israel, Tehran
CNN —Months of feverish negotiations, in different cities and at multiple levels, have gotten Israel and Hamas closer to striking a ceasefire deal. “But we are committed to continue the war after the pause in order to achieve the goal of destroying Hamas. It essentially allows Israel – and Hamas – to abandon discussions after the six-week first phase and resume the war. Far-right members of his cabinet have blasted any ceasefire agreement while Israeli reports cite security officials who accuse Netanyahu of sabotaging the negotiations. Earlier this week, Secretary of State Antony Blinken, who was visiting Israel, said Netanyahu had agreed to the proposal while Hamas had not yet.
Persons: Israel, Benjamin Netanyahu, Israel’s, Israel –, , Netanyahu, Riki Baruch, , it’s, John Kirby, , Joe Biden, Biden, Qatar –, Yahya Sinwar, Bill Burns, Antony Blinken, Sinwar, ” CNN’s Jeremy Diamond, Jennifer Hansler Organizations: CNN, Israel, National Security, Hamas, Islamic, IDF, , CIA, Biden, American Locations: Israel, Gaza, Cairo, Palestinian, Egypt, Qatar, Israeli, Israel’s, American, Doha, Iran, Lebanon, Beirut, Tehran
Israeli Prime Minister Benjamin Netanyahu introduced new conditions that complicated negotiations aimed at freeing hostages and suspending fighting in the Gaza Strip in May, according to U.S. and foreign officials. The cease-fire talks, with Israel represented by the head of its intelligence service and other officials, had advanced close to an agreement. The war in Gaza between Israel and Hamas was sparked by Hamas’ terrorist attack in Israel on Oct. 7, which killed 1,200 people, most of them civilians. About 40,000 Palestinians have died in Gaza since Israel launched its retaliatory military operation in the enclave, according to local health officials. In a statement Sunday, Hamas said Israel had added new conditions to an earlier proposal that revealed its intention to continue its “aggression” in Gaza and sabotage a possible cease-fire agreement.
Persons: Benjamin Netanyahu, Netanyahu, “ Netanyahu, Israel, , Iran’s, Ismail Haniyeh, Fazil Abd Erahim, “ It’s, there’s, Haniyeh Organizations: The New York Times, NBC News, Sky News, State Department, Anadolu Agency, Getty, Israel Defense Forces, Biden Locations: Gaza, Israel, U.S, Qatar, Egypt, Jerusalem, Lebanon, British, Tehran, Algiers, Algeria, Iran
Oil strengthens as fall estimated in U.S. crude inventories
  + stars: | 2024-08-14 | by ( ) www.cnbc.com   time to read: +2 min
Oil prices climbed on Wednesday on estimates about shrinking U.S. crude and gasoline inventories as the market watched for a possible widening of the Middle Eastern war, which could curtail global oil supplies. U.S. crude oil and gasoline inventories were expected to have fallen last week, while distillate stocks rose, according to market sources, citing American Petroleum Institute data on Tuesday. Gasoline inventories eased by 3.69 million barrels, and distillates rose by 612,000 barrels. A broadening conflict in the region could affect crude supplies from Iran and neighboring producer countries, analysts said, tightening inventories and supporting prices. Keeping oil prices from moving even higher, the International Energy Agency (IEA), meanwhile, kept its 2024 global oil demand growth forecast unchanged on Tuesday but trimmed its 2025 estimate, citing the impact of a weakened Chinese economy on consumption.
Organizations: Brent, . West Texas, American Petroleum Institute, Energy, Administration, U.S . Navy, International Energy Agency Locations: Stanton , Texas, U.S, Iran, Tehran, Israel
Oil futures held steady Wednesday with U.S. crude trading above $78 per barrel, after President Joe Biden said Iran might refrain from attacking Israel if a cease-fire deal is reached in Gaza. Biden told reporters Tuesday afternoon his "expectation" is Iran would not strike Israel if a deal is clinched to stop the fighting in Gaza, though he said efforts to broker a cease-fire are "getting hard." A new round of cease-fire talks are scheduled to begin Thursday in Qatar, though Hamas told Reuters that the militant group does not plan to take part in the negotiations. Here are Wednesday's energy prices:Iran has vowed to retaliate against Israel after a Hamas leader was assassinated in Tehran two weeks ago. Israel has put its military on high alert, and the U.S. is dispatching a carrier strike group and guided missile submarine to the region to help defend its ally.
Persons: Joe Biden, Biden Organizations: Reuters Locations: Iran, Israel, Gaza, Qatar, Tehran, U.S
Iran has rejected calls to refrain from retaliatory attacks against Israel over the assassination of Hamas political leader Ismail Haniyeh, as the United States and its allies seek to avert a wider conflict in the Middle East. The U.S. has dispatched a guided missile submarine to the Middle East and sought to expedite the arrival of an aircraft carrier strike group as part of Washington’s commitment to help defend Israel from possible retaliation. Both Iran and Hamas have blamed Israel for the killing. Israel Defense Forces spokesman Rear Adm. Daniel Hagari said on Monday night that Israel was "following Hezbollah and Iran and ready." Meanwhile, a growing number of countries have asked airlines to avoid airspace in the region, while some have also urged their citizens to leave parts of the Middle East.
Persons: Ismail Haniyeh, Nasser Kanaani, Israel, Haniyeh, Kanaani, Italy —, John Kirby, Masoud Pezeshkian, Fuad Shukr, Daniel Hagari Organizations: Security, Israel Defense Forces Locations: Iran, Israel, United States, Islamic Republic, Tehran, U.S, United Kingdom, France, Germany, Italy, The U.S, Lebanese, Beirut, Gaza
Nearly two weeks have passed and no large-scale response has materialized, leaving Israel and the wider Middle East on edge. But Mr. Haniyeh’s killing was seen as the greater blow to Tehran because it took place on Iranian soil. “Israel has checkmated Iran in this situation because Iran is left with no good options,” said Mr. Vaez. What could an Iranian response look like? U.S. and Israeli diplomats and security officials had some advanced knowledge of its scope and intensity of Iran’s attack in April, which facilitated defensive preparations.
Persons: Ismail Haniyeh, Masoud, Israel, Fuad Shukr, Haniyeh’s, Ayatollah Ali Khamenei, analystsexperts, Nasser Kanaan, Sanam Vakil, Pezeshkian, Vakil, Ms, Ali Vaez, Vaez, “ Israel, , Benjamin Netanyahu, , Keir Starmer, Nasser Kanani, Jordan, Mr, Haniyeh, Lloyd J, Austin III, Biden Organizations: Iran’s Foreign Ministry, Chatham House, Crisis, Diplomats, of Islamic Cooperation, United, Hamas Locations: Iran, Tehran, Israel, Masoud Pezeshkian, Beirut, Lebanon, Golan, East, London, Yemen, Western, Iranian, United States, Gaza, Britain, France, Germany, Italy, Saudi Arabia
The dossier included what the Trump campaign identified as Vance’s potential vulnerabilities. Instead, the first public sign of any release of private information came Saturday, when the Trump campaign went public with its announcement that it had been hacked, pointing the finger at Iranian operatives. “These documents were obtained illegally from foreign sources hostile to the United States, intended to interfere with the 2024 election and sow chaos throughout our Democratic process,” Trump campaign spokesperson Steven Cheung said. As long as they’re verified and newsworthy, then they’re fair game, but motive is an important part of the story, too,” Dan Kennedy, a journalism professor at Northeastern University, told CNN. The role of the media is to act independently in this situation,” Kirtley told CNN.
Persons: Joe Biden’s, Robert, , Donald Trump’s, Ohio Sen, JD Vance, Trump, Florida Sen, Marco Rubio, Vance, they’d, ” “, Brad Dayspring, ” Trump, Steven Cheung, Roger Stone, Hillary Clinton’s, newsrooms, Hunter, “ I’ve, it’s, Clinton, rallygoers, Julian Assange, ” Dan Kennedy, ” Jane Kirtley, ” Kirtley, Neera, Biden, Robert ”, Matt Murray Organizations: CNN, Politico, The New York Times, Washington Post, AOL, Trump, GOP, Times, Post, Democratic, FBI, Republican, Iranian, Microsoft, Democratic National Committee, Wikileaks, New York Times, Univision, WikiLeaks, , Northeastern University, Democratic National, University of Minnesota, ” Washington Post Locations: Florida, United States, Iran, Tehran, Russia, Afghanistan, Iraq
Facing this possibility, the Pentagon has deployed a number of military assets to the Middle East this month to defend Israel and US troops in the region. When these forces arrive on station, they will join a wide range of existing naval capabilities in the Middle East and Eastern Mediterranean that were already deployed in response to various conflicts and crises. AdvertisementAdditionally, two destroyers — USS Bulkeley and USS Roosevelt — have been in the area for several weeks. Warships in transitA MH-60S Sea Hawk helicopter flies next to the aircraft carrier USS Abraham Lincoln on August 2. The coming Lincoln strike group consists of the aircraft carrier USS Abraham Lincoln and the destroyers USS Spruance, USS Stockdale, USS Frank E. Petersen, and USS O'Kane.
Persons: , Israel —, Defense Lloyd Austin, Sydney Milligan, Bulkeley, Roosevelt —, Laboon, Cole, Aden —, Theodore Roosevelt, Theodore Roosevelt Carrier, Dwight D, Michael Murphy, John S, McCain, Daniel Inouye, Russell —, Abraham Lincoln, Daniel Kimmelman, Roosevelt, USS Stockdale, Frank E, Petersen, USS O'Kane, Austin, Pat Ryder Organizations: Service, US Navy, Business, Pentagon, Defense, Sydney, Ready Group, US European Command, 24th Marine Expeditionary Unit, US Central Command, Oman Sailors, Hornet, Theodore Roosevelt Carrier Strike Group, Eisenhower Carrier Strike, Warships, Communication, US, Abraham Lincoln Carrier Strike Group, Lincoln, Pentagon Press, Air Force Locations: Israel, Iran, Tehran, East, American, Gibraltar, Lebanon, New York, Souda, Crete, Yemen, Red, Gulf, Aden, Oman, CENTCOM, Gulf of Oman, Beirut, Philippine, Georgia, The Ohio
CNN —Israeli Prime Minister Benjamin Netanyahu lambasted his Defense Minister Yoav Gallant on Monday and accused him of adopting an “anti-Israel narrative,” revealing a deep rupture at the top of the Israeli government as the Middle East risks spiraling into a full-scale regional conflict. “When Gallant adopts the anti-Israel narrative, he harms the chances of reaching a hostage deal,” the prime minister’s office said in a statement. Critics have accused Netanyahu of being more interested in defeating Hamas and preserving his government than returning the hostages. He has previously called on Netanyahu to declare that Israel would not establish civilian or military control over Gaza, although the prime minister has remained vague on his plans for the “day after” the war. “The conditions today for a Lebanon war are the opposite of what they were at the beginning of the war,” Gallant reportedly told lawmakers.
Persons: Benjamin Netanyahu, Yoav Gallant, Gallant, , Saul Loeb, Ismail Haniyeh, Fu’ad Shukr, Haniyeh’s, Haniyeh, Netanyahu, , Joe Biden, ” Gallant, Yahya, Sinwar, Daniel Hagari, Organizations: CNN, Israeli, US State Department, Getty Images, Qatari, ” CNN, American Enterprise, Institute for Locations: Israel, Gaza, Iran, Lebanon, United States, Washington ,, Getty Images Iran, Tehran, Beirut, of Israel, Egypt, Qatar, Cairo, Doha
CNN —Mediators in talks for a ceasefire agreement between Hamas and Israel are making a last-ditch effort to revive stalled negotiations as the Middle East braces for an Iranian attack on Israel. President Joe Biden announces a proposed ceasefire between Israel and Hamas in Gaza while delivering remarks in the State Dining Room at the White House on May 31 in Washington, DC. The militant group replaced Haniyeh with Yahya Sinwar, the hardline Hamas leader in Gaza who is one of Israel’s most wanted men. He is not interested in either a ceasefire or the full withdrawal of troops.”Why are Thursday’s talks so important? There have been some indications that Iran may abandon plans to attack Israel if a ceasefire deal is reached.
Persons: Joe Biden, Benjamin Netanyahu, Biden, , who’ve, Netanyahu, Chip Somodevilla, Ismail Haniyeh, Israel hasn’t, Yahya Sinwar, “ Haniyeh, , Israel, Zahra, Omar Al, Thursday’s Organizations: CNN, Israeli, White, Thursday’s, Hamas, Getty, Israel, United Nations Locations: Israel, Qatar, Egypt, United States, Gaza, Rome, Washington ,, Rafah, Tehran, Iran, Palestinian, Shujaiya, Gaza City, AFP
The FBI said Monday afternoon that it is investigating what the Trump campaign has characterized as a successful effort to hack into its campaign and steal private documents. A Trump campaign spokesperson said Saturday that it had been hacked in June. The claim from the Trump campaign adds to what had already been a deeply antagonistic relationship between Iran and the former president. The apparent hack of Trump campaign files echoes the 2016 Russian campaign against Hillary Clinton, but so far seems notably less elaborate in distributing the hacked files. There is no apparent similar distribution system for the hacked Trump files, at least so far.
Persons: Trump, Hillary, Hillary Clinton’s, Donald Trump, Chris Krebs, SentinelOne, , Krebs, Qassem Soleimani, Adam Schiff, ” Schiff, Schiff, Hillary Clinton, Simin Kargar Organizations: FBI, Politico, The Washington Post, The New York Times, NBC News, Microsoft, United Nations, Democratic National Committee, U.S, Republican, Infrastructure Security Agency, Biden, Iran’s, Former U.S, Rep, House Intelligence Committee, Intelligence, Democratic, Trump, WikiLeaks, Atlantic, Forensic Research Locations: Russia, China, Iran, Tehran, U.S, Romanian
A spectacular closing ceremony hands the Olympic Games over to Los Angeles. And a false JD Vance rumor sparks a misinformation row. A glorious farewell to Paris OlympicsGetty ImagesAu revoir to the Paris Games. Kamala Harris pledged to eliminate taxes on tipped wages for service workers, matching a proposal from former President Donald Trump. Politics in BriefTrump campaign: Former President Donald Trump’s campaign has said it was hacked by an Iranian group.
Persons: Vance, Katie Ledecky, Nick Mead, Tom Cruise, Ledecky, Simone Biles, Suni Lee, dazzled, ” Sha’Carri Richardson, Noah Lyles, Guy ” Stephen Nedoroscik, Yusuf Dikeç, Read, JD, Vic e, tol, stu, ord, ami, Flo, bui, Ken Bak, roa Organizations: Olympic Games, Paris, Paris Games, Stade de France, Team USA, U.S, acc, Uni, NBC Locations: Los Angeles, The U.S, American, U.S, Turkish
The U.S. is sending a guided missile submarine to the Middle East and speeding the arrival of an aircraft carrier strike group, as Israel braces for retaliatory attacks from Iran and its proxies after the assassination of senior members of Hamas and Hezbollah. He further ordered the USS Abraham Lincoln Carrier Strike Group, which is equipped with F-35C fighter jets, to accelerate its ongoing transit to the area. The guided-missile submarine USS Georgia at sea in 2020. Both Iran and Hamas blamed Israel for the killing, and while Israel has remained quiet on the matter it is widely believed to have carried out the assassination. Iranians hold portraits of Hamas leader Ismail Haniyeh during his funeral procession, in Tehran, on August 1, 2024.
Persons: Lloyd Austin, Abraham Lincoln, Austin, Washington's, Yoav Gallant, Gallant, Ismail Haniyeh, Masoud Pezeshkian, Israel, Iran’s, Ayatollah Ali Khamenei, Yahya Sinwar, Fuad Shukr Organizations: Pentagon, Sunday, USS, Abraham Lincoln Carrier Strike, U.S . Navy, country's Revolutionary Guard, AFP, Getty, Hamas, Israel Defense Forces, NBC Locations: Israel, Iran, USS Georgia, Georgia, Tehran, Lebanese, Beirut, U.S, Gaza, Gaza City
Read previewThe US is accelerating the deployment of a carrier strike group to the Middle East and sending a guided-missile submarine to the region, the Pentagon announced late on Sunday. Attached to the Lincoln, the lead ship of the US Navy's Carrier Strike Group 3, is a carrier air wing equipped with a squadron of fifth-generation F-35C stealth fighters. The aircraft carrier USS Abraham Lincoln maneuvers through a turn while underway in the US 5th Fleet area of responsibility. The Ohio-class guided-missile submarine USS Georgia returns to its homeport at Naval Submarine Base Kings Bay, Georgia. Both Iran and Hamas vowed revenge for the shocking killings, which sparked fears that any retaliation from Tehran and its proxies could send the Middle East spiraling into even more conflict.
Persons: , Defense Lloyd Austin, Abraham Lincoln, Austin, Lincoln, Pat Ryder, Theodore Roosevelt Carrier, . Lee Apsley, Yoav Gallant, Ashley Berumen, Israel Organizations: Service, Pentagon, Sunday, Defense, Abraham Lincoln Carrier Strike Group, Business, Pentagon Press, US Navy's Carrier, Theodore Roosevelt Carrier Strike, Fleet, Navy, US, Command, Israeli, Naval Submarine Base, US Navy, Mass, Lincoln, Raptors Locations: Israel, Iran, Pacific, East, Lincoln, Gulf, Oman, Georgia, an Ohio, Austin, United States, Ohio, Bay , Georgia, Lebanon, Tehran
This handout photo provided by the US Navy shows the aircraft carrier USS Abraham Lincoln, left, in 2019. The U.S. is sending more troops and military hardware to the Middle East as it seeks to increase the resources available to "defend Israel," the Pentagon said in a statement. It comes against the backdrop of Iran's leadership vowing retaliation against Israel after the killing of Hamas' former political chief Ismail Haniyeh in Tehran on July 31. Iran, which supports Hamas, says Israel carried out the assassination. Tehran has not yet responded militarily to the act, leaving its adversaries and the wider region on tenterhooks.
Persons: Abraham Lincoln, Lloyd Austin, Pat Ryder, Yoav Gallant, Ismail Haniyeh, Israel Organizations: US Navy, Pentagon, . Defense, Pentagon Press, Austin, Israel's Locations: U.S, United States, Israel, Tehran, Iran, tenterhooks
Oil prices spiked on Monday as tensions flared in the Middle East. WTI crude oil and Brent crude were up over 3.6% and 2.86%, respectively. AdvertisementUS and international oil prices are surging as tensions in the Middle East simmer ahead of a potential attack by Iran against Israel. The rise in oil prices comes as Israel prepares for potential attacks from Iran, sources told the Wall Street Journal. Even before the latest production record, the Energy Information Administration announced in March that the US produces more crude oil than any other country.
Persons: Brent, , Israel, Ismail Haniyeh Organizations: Service, Israel . West Texas, Wall Street Journal, Pentagon, Energy Information Administration Locations: East, Israel, Tehran, Iran, Beirut, OPEC
New inflation data will arrive on Tuesday with the producer price index report for July. AdvertisementUS stocks wavered on Monday, struggling to keep the rally that materialized at the end of last week going ahead of new inflation data for July. On Tuesday, investors will digest the first of two inflation data points due out this week. The producer price index, a measure of wholesale inflation, is expected to be in-line with the June data at 0.2%. The second update will be the main event, with the consumer price index set to show the rise in inflation faced by the average consumer last month.
Persons: , Louis Nevallier Organizations: Traders, Service, Fed, Pentagon Locations: Here's, Iran, Israel, Tehran
Nearly two weeks have passed and no large-scale response has materialized, leaving Israel and the wider Middle East on edge. Iran, which backs Hamas, blamed Israel for the assassination, but Israeli leaders have not said their forces were responsible. What could an Iranian response look like? U.S. and Israeli diplomats and security officials had some advanced knowledge of its scope and intensity of Iran’s attack in April, which facilitated defensive preparations. The foreign minister of Jordan, an ally of the United States, has traveled to Tehran in recent days for meetings.
Persons: Ismail Haniyeh, Masoud, Israel, Fuad Shukr, Haniyeh’s, Ayatollah Ali Khamenei, Nasser Kanaan, Sanam Vakil, Pezeshkian, Vakil, Ms, Ali Vaez, Vaez, “ Israel, , Benjamin Netanyahu, , Jordan, Mr, Haniyeh, Lloyd J, Austin III, Biden Organizations: Iran’s Foreign Ministry, Chatham House, Crisis, Diplomats, of Islamic Cooperation, United, Hamas Locations: Iran, Tehran, Israel, Masoud Pezeshkian, Beirut, Lebanon, Golan, East, London, Yemen, Iranian, United States, Gaza, Saudi Arabia
CNN —Israel and the United States are preparing for a potential Iranian attack on Israel as efforts to secure a ceasefire in Gaza intensify, with talks set to resume this week amid intense diplomacy to avert a wider regional war. A major Iranian attack reprisal against Israel could risk derailing the ceasefire talks that US officials have said were at an advanced stage prior to the assassination of Hamas’ political leader Ismail Haniyeh in Tehran, which Iran blamed on Israel. But the country’s mission to the United Nations said on Saturday that Tehran’s retaliation to Israel’s suspected killing of Haniyeh is “totally unrelated to the Gaza ceasefire,” adding that it has a right to self-defense. Palestinians pray next to the bodies of those killed in an Israeli strike on a school sheltering displaced people in Gaza City on Saturday. Egyptian and Qatari mediators have told Israel that Sinwar wants a deal, an Israeli source familiar with the matter told CNN.
Persons: CNN —, , Ismail Haniyeh, Israel hasn’t, Israel, hasn’t, Iran’s, Ayatollah Ali Khamenei, , , Haniyeh, Lloyd Austin, Israel “, William Gore, Lebanon –, Fu’ad Shukr, Abed Sabah, Yahya Sinwar –, Israel –, Joe Biden, Sinwar, Benjamin Netanyahu, Bibi, Netanyahu Organizations: CNN, Qatari, Doha, United, Islamic Revolutionary Guard Corps, United Nations, US, USS, Pentagon, Congress, UN, Spc, US Navy, Reuters, , US National Security Council, Israel Defense Forces Locations: CNN — Israel, United States, Israel, Gaza, Iran, Cairo, Egypt, Qatar, Tehran, France, Germany, United Kingdom, USS Georgia, Manama, Bahrain, Lebanon, Beirut, Gaza City
Iran vowed revenge at the end of last month after a top Hamas leader was killed in Tehran, leading many in Israel to fear an imminent attack. Nearly two weeks have passed and no large-scale response has materialized, leaving Israel and the wider Middle East on edge. Here’s a look at the crisis and the factors that could determine what happens next:Why has Iran vowed revenge? Iran and Hamas officials have promised to avenge the death of Ismail Haniyeh, a senior Hamas leader, who was killed in Tehran on July 31 after he attended the inauguration of Iran’s president, Masoud Pezeshkian. Iran, which backs Hamas, blamed Israel for the assassination.
Persons: Ismail Haniyeh, Masoud, Israel, Fuad Shukr Locations: Iran, Tehran, Israel, Masoud Pezeshkian, Beirut, Lebanon, Golan
Image Smoke billowing after an Israeli airstrike on Khan Younis in the southern Gaza Strip on Sunday. In a statement on Sunday, the group said it objected to “more rounds of negotiations” and the introduction of any new proposals or conditions. Officials in Gaza said over the weekend that dozens of people had been killed in Israel’s strike on the school compound. The authorities in Gaza do not distinguish between combatants and civilians in reporting death tolls. Israel’s political and military leaders have argued that it is essential to keep up the military pressure on Hamas, to force it to come to terms on a cease-fire deal.
Persons: Biden, Khan Younis, Bashar Taleb, Abdel Fattah el, Sheikh Tamim bin Hamad, Israel, Benjamin Netanyahu, Netanyahu, Tisha B’Av Organizations: Lebanese Hezbollah, ., Agence France, Getty Locations: Beirut, Tehran, Israel, Iran, Gaza, Egypt, Qatar, Thani, Cairo, Doha, Jerusalem, Aqsa
U.S. crude oil topped $77 per barrel on Monday, rising for the fifth day as the Pentagon dispatched more forces to the Middle East in anticipation of an Iranian attack on Israel. Defense Secretary Lloyd Austin ordered a carrier strike group, including F-35 warplanes, to accelerate its deployment to the region. Austin also ordered a guided-missile submarine to the Middle East. Here are Monday's energy prices:Israel has been preparing for strikes by Iran and the Hezbollah militia for nearly two weeks, after the assassination of a Hamas leader in Tehran. U.S. crude oil is trading higher even as OPEC lowered its global demand growth forecast by 135,000 barrels per day, citing softening consumption in China.
Persons: Lloyd Austin, Austin, Phil Flynn Organizations: Pentagon, Israel . Defense, UBS, Price Futures Group, Bank of Japan Locations: Israel, Iran, Tehran, China
China supports Iran in defending its “sovereignty, security and national dignity,” Chinese foreign minister Wang Yi told Iran’s acting foreign minister in a phone call on Sunday, according to a statement by China’s foreign ministry. Iran and the Palestinian Islamist group Hamas have accused Israel of carrying out strike that killed Haniyeh. Wang told Ali Bagheri Kani, Iran’s Acting Foreign Minister, that the killing of Haniyeh had “directly undermined the Gaza ceasefire negotiation process and undermined regional peace and stability,” China’s foreign ministry said. “China supports Iran in defending its sovereignty, security and national dignity in accordance with the law, and in its efforts to maintain regional peace and stability, and stands ready to maintain close communication with Iran,” Wang was quoted as saying. Iranian President Masoud Pezeshkian on Sunday nominated Abbas Araqchi as the country’s foreign minister.
Persons: Wang Yi, Iran’s, Wang, Ismail Haniyeh, Haniyeh, , ” Israel, Ali Bagheri Kani, ” Wang, Masoud Pezeshkian, Abbas Araqchi, Araqchi Locations: China, Iran, Tehran, Palestinian, Israel, Gaza
Haifa, Israel CNN —Hezbollah fired a barrage of rockets toward northern Israel on Sunday night, as Israeli forces remain on high alert for potential retaliation from Iran and its proxies following the assassination of a top Hamas leader last month. About 30 rockets were launched from Lebanon, the Israel Defense Forces (IDF) said, adding that some fell into open areas and no injuries were reported. “IDF forces are deployed and prepared in high readiness. Austin has ordered a guided-missile submarine to the Middle East and accelerated the arrival of a carrier strike group to the region ahead of an anticipated Iranian attack against Israel, the Pentagon said in a statement Sunday evening. The office of Israeli Prime Minister Benjamin Netanyahu confirmed Israel will send a delegation to the talks.
Persons: Israel CNN —, Ismail Haniyeh, , Daniel Hagari, Barak Ravid, Austin, Yoav Gallant, Ravid, Gallant, Benjamin Netanyahu, Israel, Yahya Sinwar, Joe Biden Organizations: Israel CNN, National News Agency, Israel Defense Forces, IDF, CNN, Pentagon, UN Security Council Locations: Haifa, Israel, Iran, Lebanon, Gaza, Ma’aroub, Tehran, United States, Qatar, Egypt, Israeli
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