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☆ Iran intelligence: Initial US intel suggests Tehran was surprised by the Hamas attack on Israel
▼ + stars: | 2023-10-11 | by ( Zachary Cohen Katie Bo Lillis Natasha Bertrand Jeremy Herb | Zachary Cohen | Katie Bo Lillis | ) edition.cnn.com time to read: +3 min

CNN —The United States has collected specific intelligence that suggests senior Iranian government officials were caught by surprise by Saturday’s bloody attack on Israel by Hamas, according to multiple sources familiar with the intelligence. The existence of the intelligence has cast doubt on the idea that Iran was directly involved in the planning, resourcing or approving of the operation, sources said. The sources stressed that the US intelligence community is not ready to reach a full conclusion about whether Tehran was directly involved in the run-up to the attack. They continue to look for evidence of Iranian involvement, which caught both Israel and the United States by surprise. “We’re looking to acquire further intelligence,” national security advisor Jake Sullivan told reporters at the White House on Tuesday.

Persons: Mike McCaul, “, Tehran doesn’t, Jake Sullivan, ” Organizations: CNN, Capitol, Foreign, Texas Republican, Hamas, White Locations: United States, Israel, Iran, Tehran, Texas, Gaza

☆ Pressure Mounts on Biden to Freeze $6 Billion in Iranian Oil Proceeds
▼ + stars: | 2023-10-11 | by ( ) www.wsj.com time to read: 1 min

A growing number of lawmakers are calling on President Biden to take tougher actions against Iran to hold it accountable for its support of Hamas militants. Several Democratic senators joined their Republican colleagues Wednesday to press the Biden administration to freeze the roughly $6 billion in Iranian oil proceeds given to Tehran as part of a prisoner swap deal last month, and lawmakers from both parties are also calling for other steps to pressure Iran, including tighter enforcements of sanctions on its oil exports.

Persons: Biden Organizations: Democratic, Republican Locations: Iran, Tehran

☆ An 'extended war'? Markets may be underestimating the Israel-Hamas conflict
▼ + stars: | 2023-10-11 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +6 min

Oil prices jumped 4% on Monday before shrugging off those gains in subsequent sessions, and gold prices have inched higher by a little over 1% since the attack. "Global markets have yet to fully price the inflation risks from developments — from higher oil prices and more defense spending," Savage cautioned. That would cause the premium [of oil prices] to go higher," said Rapidan Energy Group's President Bob McNally. This could spike oil prices well north of $150 per barrel," Alpine Macro said in a note following the incursion. One analyst is of the view that even if the conflict prolongs, its implications on global markets is still largely contained.

Persons: Sameh, BNY Mellon, shrugging, BNY, Bob Savage, Savage, Amir Cohen, Bob McNally, McNally, Antony Blinken, Marko Papic, Mahmud Hams Organizations: Nurphoto, Hamas, U.S ., Swiss, BNY, Stockholm International Peace Research Institute, Reuters, Energy, United Nations, U.S, ., NBC News, Palestinian Health Ministry, Clocktower Group, CNBC, Brigades, Afp, Getty Locations: Gaza City, Israel, Palestinian, Gaza, Ukraine, Stockholm, U.S, Ashkelon, Iran, United States, Persian, Mahmud

☆ Opinion: How long can America continue to be arsenal to the world?
▼ + stars: | 2023-10-11 | by ( David A. Andelman | ) edition.cnn.com time to read: +20 min

Tamir Kalifa/The New York Times/Redux Palestinians walk amid the rubble following Israeli airstrikes in Gaza City on October 10. Samar Abu Elouf/The New York Times/Redux Children run for cover as bombs fall near the Al-Shifa Hospital in Gaza City on October 9. Erik Marmor/AP Six-month-old Sama Alwadia is rescued from the rubble in Gaza City on October 9. Tamir Kalifa/The New York Times/Redux Fire and smoke rise from Gaza City following an Israeli airstrike on October 8. Ibraheem Abu Mustafa/Reuters Palestinian citizens inspect damage to their homes caused by Israeli airstrikes in Gaza City on October 8.

Persons: David A, CNN —, David Andelman, Biden, Benjamin Netanyahu, Ukraine —, Eden Guez, Violeta Santos Moura, Mohammed Salem, CNN Sergey Ponomarev, Mohammed Abed, Atef Safadi, Fatima Shbair, Tamir Kalifa, Ohad, Mohammed Soboh, Said, Noam Elimeleh Rothenberg, Yuri Cortez, Belal Khaled, Samar Abu, Amir Cohen, Ilai Bar Sade, Erik Marmor, Ali Jadallah, Oren Ziv, Mohammed Saber, Ronen Zvulun, Majdi, Ilia Yefimovich, Ramez Mahmoud, Mahmud Hams, Roi Levy, Alleruzzo, Tali Touito, Khan, Ibraheem Abu Mustafa, Jalaa Marey, Oded, Khan Younis, Ahmad Hasballah, Mohammed Fayq Abu Mostafa, Tsafrir, Ahmad Gharabli, Baz Ratner, Mustafa Hassona, Ilan Rosenberg, Eyad Baba, Itai Ron, Hadas Parush, ” Ely Ratner, ” Ratner, Ratner, “, Julianne Smith, Will, Will Israel Organizations: CNN, French Legion of, The New York Times, CBS News, David Andelman CNN, America, Ukraine, Defense, Fighters, Nova Festival, Reuters, Israel Defense Forces, New York Times, Getty, Ben Gurion, AP, Mount, Anadolu Agency, Shifa, West Bank, Rockets, Israel's, United Nations, Palestinian, Reuters Police, Reuters Rockets, [ Peoples Liberation Army, House Armed, Committee, Taiwan Relations, Senate, Washington Post, Israel, Capitol, House, Ukraine –, NATO, Taiwan Locations: United States, Ukraine, Russia, Israel, Gaza, Iran, China, Taiwan, Washington, Ashkelon, Gaza City, Kfar Azza, Kfar Aza, AFP, Tel Aviv, Mount Herzel, Jerusalem, Samar, Samar Abu Elouf, Yassin, Palestinian, Beitar Ilit, Mount Herzl, Sderot, Ramat Gan, Khan Younis, Israeli, Kiryat Shmona, Itai, Beit Hanun, Rishon Lezion, Taiwan Strait, Beijing, Will Ukraine, Crimea, America

The war provoked by Hamas' attack on Israel has shaken American politics — and put the primary race in her wheelhouse. Iran has long supported Hamas, though U.S. officials say there's no conclusive evidence yet that Iranian agents were involved in the most recent attack. Ron DeSantis proposed state-level sanctions against Iran for its ongoing support of Hamas. Since before the war, Haley has gone after her rivals on issues such as U.S. support for Ukraine against Russia's invasion and how Washington deals with China. And, in keeping with how he treats rivals, Trump has given Haley a nickname, “Birdbrain."

Persons: CLIVE, — Nikki Haley, peppering, —, Haley, Donald Trump, ”, we’re, wouldn't, Israel, Kevin McCarthy, Joe Biden, South Carolina Sen, Tim Scott, Ron DeSantis, Trump, Vivek Ramaswamy’s, “, ” Ramaswamy, ” Haley, DeSantis, ” DeSantis, Bill Strong, ” Strong, Nikki, doesn’t, Bruce Rauner, Rauner, She’s, Linda Marks, ” Marks, Thomas Beaumont, Elliot Spagat, ___ Meg Kinnard Organizations: Republican, United Nations, Department of Homeland Security, Israel, Saturday, Banking, Gov, Ukraine, Washington, GOP, Lockheed, Raytheon, Boeing, Trump, Disney, ” Former Illinois Gov, doer, Palestinian, Security, The Associated Press, NORC, for Public Affairs Research, Associated Press Locations: Iowa, China, Russia, Israel, U.S, America, Mexico, Iran, Tehran, South Carolina, Florida, Ukraine, Taiwan, ”, Texas, United States, Gaza, Des Moines, Windsor Heights , Iowa, Boone , Iowa, San Diego

Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. Reuters' analysis of China's savings on oil purchases from the three sanctioned countries compares what Chinese importers would have paid by purchasing similar grades from non-sanctioned producers. For imports of Venezuelan oil, mostly heavy grade Merey, China saved an average of $10 a barrel versus comparable Colombian Castilla crude, the calculations based on the trader data showed. With January-September inflows of Venezuelan oil at around 430,000 bpd, according to the average of the Vortexa and Kpler data, China's savings from buying Venezuelan oil was $1.17 billion. TEAPOT MARGINSWith state refiners Sinopec and PetroChina refraining entirely from buying Iranian and Venezuelan crude, teapots have feasted on discounted oil from the two suppliers.

Persons: Aly, Kang Wu, Brent, Viktor Katona, Chen Aizhu, Muyu Xu, Tony Munroe Organizations: REUTERS, refiners, Reuters, P, Administration, Customs, Vortexa, Russia's, Castilla, Brent, U.S . State Department, U.S ., Thomson Locations: Zhuhai, China, Russia, Iran, Venezuela, SINGAPORE, United States, Moscow, Tehran, Caracas, East, West Africa, South America, Beijing, Kpler, Kozmino, Baltic, Ukraine, Europe, India, Brazil, Urals, Oman, U.S, Venezuelan, teapots, Shandong, Israel

☆ Putin says U.S. is inflaming Middle East by sending aircraft carrier group
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +3 min

Russian President Vladimir Putin attends the plenary session at the 2023 Russian Energy Week international forum at the Manezh Central Exhibition Hall in Moscow, Russia October 11, 2023. Sputnik/Kristina Kormilitsyna/Kremlin via REUTERS Acquire Licensing RightsMOSCOW, Oct 11 (Reuters) - Russian President Vladimir Putin accused the United States on Wednesday of inflaming the Middle East by sending an aircraft carrier group to the region, saying "compromise solutions" were needed and that he hoped common sense would prevail. "I don't understand why the U.S. is dragging aircraft carrier groups into the Mediterranean Sea. "Of course, it will not affect (energy) production, but it could affect all other components that determine the state of the world's energy markets." Reporting by Reuters Writing by Andrew Osborn Editing by Gareth Jones and Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

Persons: Vladimir Putin, Kristina Kormilitsyna, Lloyd Austin, Gerald R, Ford, Putin, Tayyip Erdogan, Washington, Andrew Osborn, Gareth Jones, Toby Chopra Organizations: Energy, Exhibition Hall, Sputnik, REUTERS Acquire, Rights, Kremlin, Saturday, . Defense, West, Thomson Locations: Moscow, Russia, Kremlin, United States, Israel, U.S, Lebanon, Ukraine, Iran, Tehran, Palestinian

☆ Is Iran helping Hamas attack Israel? Investors ponder Tehran's role in war
▼ + stars: | 2023-10-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIs Iran helping Hamas attack Israel? Investors ponder Tehran's role in warHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Brian Sullivan, “ Organizations: Investors, CNBC Locations: Iran, Israel

☆ Iran's president, Saudi crown prince speak for first time since diplomatic ties restored
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +1 min

Iranian President Ebrahim Raisi speaks during a meeting with the cabinet in Tehran, Iran, October 8, 2023. Iran's Presidency/WANA (West Asia News Agency)/Handout via REUTERS/File Photo Acquire Licensing RightsOct 11 (Reuters) - Iranian President Ebrahim Raisi and Saudi Crown Prince Mohammed bin Salman discussed the Palestinian-Israeli conflict on Wednesday, in the first telephone call between the two leaders since a China-brokered deal between Tehran and Riyadh to resume ties. Raisi and the Saudi crown prince discussed the "need to end war crimes against Palestine," Iranian state media said. The Saudi crown prince, for his part, "affirmed that the Kingdom is making all possible efforts in communicating with all international and regional parties to stop the ongoing escalation," Saudi state news agency SPA said. He also reiterated Saudi Arabia's rejection of targeting civilians in any way, SPA added.

Persons: Ebrahim Raisi, Saudi Crown Prince Mohammed bin Salman, Raisi, Chris Reese, Diane Craft Organizations: Iran's, West Asia News Agency, REUTERS, Saudi Crown, Palestine, Saudi, Dubai, Thomson Locations: Tehran, Iran, China, Riyadh, Saudi, Saudi Arabia, Gulf, Yemen, Syria

☆ Israel Gaza war: How goes Hamas get its weapons? A mix of ingenuity, tenacity, resourcefulness and a key mentor, experts say
▼ + stars: | 2023-10-11 | by ( Brad Lendon | ) edition.cnn.com time to read: +7 min

Said Khatib/AFP/Getty Images/FILEThe Iran factor“Hamas acquires its weapons through smuggling or local construction and receives some military support from Iran,” the CIA’s World Factbook says. Video Ad Feedback Retired general explains why he thinks Iran helped support Hamas attacks 01:08 - Source: CNNBut Iran has been a mentor, too, analysts say. A senior Hamas official based in Lebanon gave details of the Hamas’ weapons manufacturing in an edited interview with Russia Today’s Arabic-news channel RTArabic published on their website on Sunday. And Tehran keeps the training of Hamas’ weapons makers current, he added. Gaza has none of the heavy industry that would support weapons production in most of the world.

Persons: It’s, –, Said Khatib, ”, Bilal Saab, Daniel Byman, Charles Lister, Byman, “, ” Ali Baraka, Mahmud Hams, Lister, ” Lister, Ahmed Fouad Alkhatib, what’s, Alkhatib, Aaron Pilkington, Baraka, ” Pilkington Organizations: CNN, Hamas, Brigades, Getty, ’, Defense and Security, Middle East Institute, Transnational, Center for Strategic, International Studies, MEI, CSIS, Hamas National Relations, Islamic Revolutionary Guard Corps, Hamas ’, CIA, Washington Institute for Near, Fikra, US Air Force, Middle, University of Denver Locations: Israel, Gaza, Egypt, Palestinian, AFP, Iran, Islamic Republic, Hamas, Washington, “ Iran, Lebanon, Russia, Kalashnikovs, Tehran, Iran’s, Saudi

Palestinians break into the Israeli side of Israel-Gaza border fence after gunmen infiltrated areas of southern Israel, October 7, 2023. REUTERS/Mohammed Fayq Abu Mostafa Acquire Licensing RightsWASHINGTON, Oct 11 (Reuters) - Iran likely knew that Palestinian Hamas militants were planning "operations against Israel" but initial U.S. intelligence reports show that some Iranian leaders were surprised by the Islamist group's unprecedented attack from Gaza, U.S. sources said on Wednesday. Those Iranian officials would ordinarily have been informed about such a massive operation by Hamas, which Tehran has long supported with weapons and funds, according to a person familiar with the intelligence. The source familiar with the intelligence told Reuters that U.S. intelligence agencies were still digging for any evidence of Iranian involvement as well as reviewing older intelligence for clues. Retaliatory Israeli strikes have killed 1,055 people and wounded more than 5,100, Gaza's Hamas authorities said.

Persons: Mohammed Fayq Abu Mostafa, John Kirby, BIDEN, Joe Biden, C.Q, Brown, Jonathan Landay, Matt Spetalnick, Jasper Ward, Howard Goller, Jonathan Oatis Organizations: REUTERS, Rights, Hamas, U.S, White, MSNBC, New York Times, Reuters, U.S ., IRAN, Jewish, Wednesday, U.S . Joint Chiefs of Staff, Israel, Thomson Locations: Israel, Gaza, Iran, Gaza , U.S, Tehran, Brussels, U.S, Jasper

☆ The US is thinking about sending another aircraft carrier into waters near Israel, possibly to back up the Ford strike group: reports
▼ + stars: | 2023-10-10 | by ( Chris Panella | ) www.businessinsider.com time to read: +5 min

The US is considering sending a second aircraft carrier to the eastern Mediterranean, reports say. USS Dwight D. Eisenhower is already set to pass through the general area on a scheduled deployment but could be tasked to waters near Israel. The USS Dwight D. Eisenhower and its escorts could join the USS Gerald R. Ford Carrier Strike Group in waters near Israel in the coming weeks, US defense officials told The Wall Street Journal on Tuesday. Smith Collection/Gado/Getty ImagesThe USS Dwight D. Eisenhower is a nuclear-powered Nimitz-class aircraft carrier originally commissioned in 1977. "Often the presence of an aircraft carrier has deterred potential adversaries from striking against US interests," the Navy says on its website.

Persons: Dwight D, Eisenhower, —, Gerald R, it'll, Taji, Israel —, Dwight D Eisenhower, Smith, Hezbollah —, US State Department — Organizations: Aircraft, Service, Hamas, Ford Carrier Strike, Wall, ABC News, Ford, VOA, US Department of Defense, Saturday, Israel, Naval, United States, Nimitz, aircraft, Navy, " Aircraft, Hezbollah, US State Department Locations: Israel, Iraqi, Baghdad, Gaza, Norfolk , Virginia, Iraq, Afghanistan, Lebanon, Iran, Tehran

“We have no evidence or proof” that Iran was behind the attack, Maj. Nir Dinar, a spokesperson for the Israel Defense Forces, told Politico on Monday. More recently, Tehran has stepped up the training assistance it provides Hamas inside Iran, according to a former Western defense official. Hamas received Iranian weapons and military technology, and learned from the Iranians about planning operations. “Everything we have seen in the last four days, we can’t say it’s an Iranian plan or an Iranian effort,” Milshtein said. “It’s a Hamas plan that got Iranian help.”Searching for a motivationUS intelligence officials are also working to understand Hamas’ immediate motivation for launching the attack.

Persons: Jake Sullivan, “, ” Sullivan, Privately, Sullivan, ”, “ We’ve, we’ve, Biden, Tehran doesn’t, –, Ismail Haniyeh, Frank McKenzie, Mahmud Hams, Zohar Palti, Nir, it’s, Israel —, Norm Roule, ” Roule, Amir Cohen, Mike Knights, Michael Milshtein, “ They’ve, Milshtein, ” Milshtein, ’, “ It’s, McKenzie, ” McKenzie Organizations: Washington CNN, Hamas, Biden, White, CNN, intel, State Department, US Central Command, Getty, Israel’s Ministry of Defense, Israel Defense Forces, Israel, CIA, Reuters, Washington Institute, ” Knights, Department, Palestinian Affairs, Knights, Hezbollah, Palestinian Authority, Gaza Locations: Iran, Israel, Tehran, Gaza, Gaza City, AFP, Saudi, Saudi Arabia, Ashkelon, “, Yemen, Jihad, Lebanon

☆ The crisis in the Middle East could fuel a flare-up in inflation and hasten an economic slump for the US
▼ + stars: | 2023-10-10 | by ( George Glover | ) www.businessinsider.com time to read: +4 min

Iran becoming embroiled in the crisis would be bad news for the US economy, according to analysts. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementIran becoming embroiled in the crisis gripping the Middle East could have disastrous knock-on effects for the US economy, analysts have warned. So this is why the big question for the markets and for the economy is whether you get escalation," he added.

Persons: —, Brent, LPL, Quincy Krosby, Pierre Andurand, David Donabedian, Mohamed El, Erian Organizations: Service, West Texas, Wall, CIBC Private Wealth, Treasury Locations: Israel, Iran, Tel Aviv, Tehran, Hamas, Ukraine, Russia, China

☆ Iran's Khamenei says Tehran was not behind Hamas attack on Israel
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

[1/5] Iran's Supreme Leader Ayatollah Ali Khamenei reviews armed forces during a graduation ceremony for armed forces officers at the Imam Ali academy in Tehran, Iran October 10, 2023. "We kiss the hands of those who planned the attack on the Zionist regime," said Khamenei, who was wearing a Palestinian scarf, in his first televised speech since the attack. "This destructive earthquake (Hamas' attack) has destroyed some critical structures (in Israel) which will not be repaired easily ... Israel has long accused Iran's clerical rulers of stoking violence by supplying arms to Hamas. Israeli TV channels said the death toll from the Hamas attack had climbed to 900, with at least 2,600 injured.

Persons: Ayatollah Ali Khamenei, Ali, Khamenei, Israel, Parisa Hafezi, Andrew Heavens, Gareth Jones, Bernadette Baum Organizations: Iranian, West Asia News Agency, REUTERS Acquire, Rights, Hamas, Zionist, United, Iran, Monday, Gaza's Health, Thomson Locations: Tehran, Iran, Rights DUBAI, Israel, Gaza, Islamic Republic, United States, Israeli, Dubai

☆ Did Iran help Hamas attack Israel? John Bolton discusses Tehran's involvement
▼ + stars: | 2023-10-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDid Iran help Hamas attack Israel? John Bolton discusses Tehran's involvementHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Israel, John Bolton, Brian Sullivan, “ Organizations: CNBC Locations: Iran

[1/3] The remains of a rocket fired from the Gaza Strip into Israel lies on a road where it fell in Ashkelon, southern Israel, October 10. An Israeli security source said Deif was directly involved in the planning and operational aspects of the attack. Deif said Hamas had urged the international community to put an end to the "crimes of the occupation", but Israel had stepped up its provocation. He also said Hamas had in the past asked Israel for a humanitarian deal to release Palestinian prisoners, but this was rejected. He was arrested by Israel in 1989 and spent about 16 months in detention, a Hamas source said.

Persons: Amir Cohen, Mohammed Deif, Al, Deif, Israel, Hamas's Al, Yehya Sinwar, Israel's, Ayatollah Ali Khamenei, Ali Baraka, we've, Mohammad Masri, William Maclean, David Clarke Organizations: REUTERS, Brigades, Lebanese, Hezbollah, Tehran, Hamas, West Bank, Islamic University, Thomson Locations: Gaza, Israel, Ashkelon, Al Aqsa, DUBAI, Jerusalem's Al Aqsa, Jerusalem, Iran, Tehran, Washington, Khan

The surprise Hamas attack has dealt a blow to U.S. efforts to broker a landmark normalization deal between Israel and Saudi Arabia and complicated Washington's approach toward Iran, Hamas' longtime benefactor. “Quite simply, all efforts at normalization are on hold for the foreseeable future,” said Jon Alterman, head of the Middle East program at the Center for Strategic and International Studies, contradicting the official U.S. government line. Khaled Elgindy, a former Palestinian negotiations adviser, accused the Biden administration of leading an Israeli-Saudi normalization process that mostly bypassed the Palestinians and their hopes of ending Israeli occupation. “That sort of neglect is part of why we're seeing what we're seeing,” said Elgindy, now at the Middle East Institute. The immediate challenge is preventing the war from spiraling into a broader conflict, administration officials say, especially preventing the Iran-backed Lebanese group Hezbollah from opening a second front on Israel's northern border.

Persons: Joe Biden, Elizabeth Frantz, Biden, Benjamin Netanyahu, Antony Blinken, Israel, ”, Jon Alterman, John Kirby, “, ” Jonathan Panikoff, government’s, Khaled Elgindy, Elgindy, Panikoff, –, Netanyahu, Jake Sullivan, Biden’s, Prince Faisal bin Farhan, Matt Spetalnick, Humeyra Pamuk, Simon Lewis, David Brunnstrom, Steve Holland, Alexander Cornwell, Parisa, Aziz El Yaakoubi, Heather Timmons, Howard Goller Organizations: Hamas, White, REUTERS, Rights, U.S, Center for Strategic, International, White House National Security Council, Middle East Institute, Saudi, The Atlantic, Hezbollah, West Bank, Reuters, Atlantic Council, Thomson Locations: Israel, Washington , U.S, Saudi, Gaza, Ukraine, U.S, Saudi Arabia, Iran, Hamas, Tehran, Israeli, Riyadh, Washington, Lebanese, IRAN, Dubai

☆ 'Cheap' and 'compelling': Pros name the oil stocks to buy — giving one over 120% upside
▼ + stars: | 2023-10-10 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Oil prices jumped 4% on Monday during Asia hours , in the wake of the attack. Young said names in international and offshore oilfield services should pick up as oil prices rebound. "It just executed a large set of acquisitions and is well positioned for higher oil prices and more interest in the sector." Generally, Young said oil and gas stocks are "particularly compelling." Neuhauser said small-cap energy stocks that have leveraged to increased oil prices are the ones to own right now.

Persons: Josh Young, Young, Saturday . Young, Antony Blinken, Biden, CNBC's, David Neuhauser, Stocks, Neuhauser, Scott Nations Organizations: Bison, Hamas, Saturday ., United Nations, Reuters, U.S . Energy Information Administration, Livermore Partners, CNBC Pro, Nasdaq, Weatherford, Vital Energy, Exxon, Global Energy, Vista Energy, Jadestone, Brent, Scott, Chevron, ConocoPhillips Locations: Israel, Asia, Iran, U.S, Tehran, Strait, Hormuz

☆ As Israel goes to war, Russia must now decide where its loyalty lies in the Middle East
▼ + stars: | 2023-10-10 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +8 min

Russian President Vladimir Putin meets with Israeli Prime Minister Benjamin Netanyahu at the Kremlin in Moscow on January 30, 2020. Maxim Shemetov | Afp | Getty ImagesThe outbreak of bloodshed, violence and outright war between Israel and Hamas has put Russia in an awkward position, with Moscow traditionally treading a fine diplomatic line between Israel and its allies in the Middle East. Russia has enjoyed warm and constructive relations with Israel in recent years. Russian President Vladimir Putin and Iran's President Ebrahim Raisi hold a meeting in Tehran on July 19, 2022. Russian President Vladimir Putin and Israeli Prime Minister Benjamin Netanyahu during their meeting at the Kremlin on April 21, 2016.

Persons: Vladimir Putin, Benjamin Netanyahu, Maxim Shemetov, Tatiana Stanovaya, Ebrahim Raisi, Sergei Savostyanov, Stanovaya, Saudi Arabia —, Vladimir Putin's, Bashar Assad's, Bashar Assad, Sergei Shoigu, Alexei Nikolsky, Netanyahu, Putin, Mohammed Shia, Al Sudani, Mikhail Svetlov, tellingly, Russia's, Ian Bremmer, Antony Blinken, Petroleum Javad, Erdogan Organizations: Israeli, Kremlin, Afp, Getty, Hamas, Carnegie Russia Eurasia Center, AFP, Saudi, Russian Defense, Sputnik, AP Putin, Iraqi, . Security Council, Israel, Eurasia Group, ., Ukraine, Ministry of Defence, Institute for, Petroleum, Turkish Locations: Moscow, Israel, Russia, Ukraine, Iran, Russian, Tehran, Syria, Eastern, Saudi Arabia, Lebanon, Egypt, Iraq, Umayyad, Damascus, U.S, Palestinian, China

☆ Middle East violence rattles markets, oil jumps
▼ + stars: | 2023-10-09 | by ( Reuters Staff | ) www.reuters.com time to read: +5 min

MARKET REACTION:- Oil prices surged, with Brent crude trading at $87.25 a barrel - up over 3% on the day. COMMENTS:MOHIT KUMAR, CHIEF EUROPE ECONOMIST, JEFFERIES, LONDON:“The coming days are likely to be driven by geopolitical risks, rather than fundamentals. “Second, OPEC countries do have spare capacity that they restrict willingly to maintain oil price at above $80 (per barrel), but they don’t necessarily think of tripling oil prices – which would only accelerate the energy transition. “This being said, potential retaliation against Tehran is a serious upside risk for oil prices. We will keep an eye on developments, but don’t speculate on a full-blast rise in oil prices for now.”

Persons: Mohammed Salem, Israel’s shekel, MOHIT KUMAR, JEFFERIES, ”, ” CHRIS BEAUCHAMP, Brent, WTI, CAROL KONG, JPY, ” MICHAEL HEWSON, ALVIN TAN, Blinken, “, ” IPEK OZKARDESKAYA, Israel Organizations: Oil, REUTERS, Brent, U.S, Treasury, British Airways, LONDON, Russo, COMMONWEALTH BANK OF, CMC, U.S ., OF, OF ASIA FX, RBS, SWISSQUOTE BANK Locations: Israel, Gaza, Egypt, Yom, EUROPE, Iran, Ukrainian, SYDNEY, Asia, Japan, Straits, Hormuz, OF ASIA, ” “, GENEVA, OPEC, U.S, Tehran

☆ Germany's Hamburg airport halts flights after threat to plane from Iran
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Oct 9 (Reuters) - Germany's Hamburg airport suspended flights on Monday as police, acting on a threat of an attack sent via an email, searched a plane with 198 passengers from Tehran that had landed in the northern city, a federal police spokesperson told Reuters. The spokesperson described the measures, which included interviewing passengers, as normal procedure when a threat is classified as serious. No takeoffs or landings are possible because the airport fire brigade is involved with the search, the spokesperson added. The Hamburg airport warned that flight delays may ensue due to the measures and did not give an estimate of when they could resume. Reporting by Rachel More and Miranda Murray; editing by Matthias WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: Chancellor Olaf Scholz, Emmanuel Macron, Rachel More, Miranda Murray, Matthias Williams Organizations: Reuters, German Press Agency, Thomson Locations: Germany's Hamburg, Tehran, Hamburg

☆ Live Q&A: What Is Happening in Israel
▼ + stars: | 2023-10-09 | by ( ) www.wsj.com time to read: 1 min

(mahmud hams/Agence France-Presse/Getty Images)Palestinian militants from the armed group Hamas launched a surprise coordinated attack on Israel on Saturday morning. Israel declared war in response and launched retaliatory attacks. Another Iran-backed group—Hezbollah—attacked military targets in northern Israel from its positions in southern Lebanon early Sunday. Senior members of Hamas and Hezbollah say Iranian security officials helped plan Hamas’s Saturday surprise attack and gave the green light for the assault at a meeting in Beirut last Monday. U.S. officials say they haven’t seen evidence of Tehran’s involvement.

Persons: Israel, Hezbollah — Organizations: Agence France, Hamas, Hezbollah Locations: Israel, Iran, Lebanon, Beirut

☆ Hamas and Iran are longtime allies. Did Tehran help with its attack on Israel?
▼ + stars: | 2023-10-09 | by ( Nadeen Ebrahim | ) edition.cnn.com time to read: +8 min

It’s something that we’re going to keep looking at closely.”Yet Iran’s evolving relationship with Hamas and its Palestinian militant partners, the Islamic Jihad, is well documented. Israel says Iran supports Hamas to the tune of some $100 million dollars a year. (Much of the Western world and some Arab countries consider Hezbollah, Hamas and Islamic Jihad to be terrorist groups.) Therefore Iran is an asset for Hamas and Hamas is an asset for Iran,” Michael said. In April, Hamas’ senior political leader Ismail Haniyeh visited the Lebanese capital for meetings with Nasrallah.

Persons: Jon, ABC’s, Jihad –, Bashar al, Assad, Israel, Hezbollah –, Kobi Michael, ” Michael, Saleh Al, Ziad al, General Hassan Nasrallah, Ismail Haniyeh, Nasrallah, Haniyeh, Marwan Naamani, “ Christian, ”, Khaled Elgindy, ” Elgindy Organizations: CNN, United Nations, –, US State Department, Hezbollah, Palestinian, Islamic, Tel, for National Security Studies, Israel Defense Forces, Hamas, Gaza, ”, United Arab, Revolutionary Guards, East Institute, Palestinian Affairs, Lebanese Locations: Israel, Iran, Tehran, United States, Jihad, Gaza, Tel Aviv, Beirut, Lebanon, Lebanese, Sidon, Jerusalem, Hamas, Islam, Syria, Saudi Arabia, United Arab Emirates, Iraq, Yemen, Palestine

☆ Iran prisoner swap for $6 billion in spotlight after Hamas attacks Israel
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +4 min

U.S. Secretary of State Antony Blinken said on Sunday that Iran has not yet been able to spend a single dollar of the $6 billion in funds that were unfrozen in a U.S.-Iran prisoner swap in September. WHAT WAS THE IRAN PRISONER SWAP DEAL? Five U.S. citizens detained by Tehran were allowed to leave the country in exchange for the transfer of $6 billion in Iranian funds that had been frozen in South Korea. The $6 billion was Iranian money that had been frozen in South Korean banks. Under the terms of the Iran prisoner deal, the money can only be used for humanitarian-related purposes, including purchasing food or other goods outside Iran for import, U.S. officials said.

Persons: Amir Cohen, Antony Blinken, Blinken, there’s, Joe Biden, Donald Trump, CNN's, Brian Nelson, we've, Nikki Haley, Heather Timmons, Idrees Ali, Lisa Shumaker Organizations: REUTERS, Rights, Israel, After Washington, State Department, South, Republican, Reuters, Thomson Locations: Gaza, Ashkelon, Israel, Iran, U.S, IRAN, Tehran, South Korea, United States, After, Seoul, Doha, South Carolina

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