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☆ Widening Mideast Crisis U.N. Aid Agency in Gaza Says Suspensions in Funding Threaten Crucial Humanitarian Work
▼ + stars: | 2024-01-27 | by ( Victoria Kim | Aaron Boxerman | ) www.nytimes.com time to read: +7 min

News AnalysisThe judges at the International Court of Justice in The Hague on Friday. A ruling on Friday by the International Court of Justice on charges of genocide against Israel had deep historical resonance for both Israelis and Palestinians. It was a topic that appeared to preoccupy the sole Israeli judge, Aharon Barak, among the 17 assessing the case on the World Court. He was among the 17 judges assessing the case on the World Court. “It talks like genocide & walks like genocide,” Muhammad Shehada, a rights activist from Gaza, wrote on social media.

Persons: ” Alon Pinkas, —, ”, Hanan Ashrawi, Hamas’s, Yoav Gallant, Gallant, “, Janina Dill, Dill, Khan Younis, Israel, Aharon Barak, Barak, ” Mr, Avishag Shaar, Israel “, ” Muhammad Shehada, Rawan Sheikh Ahmad, Johnatan Reiss Organizations: International Court of Justice, International Court, Palestinian, ., Agence France, United Nations, Israel, Oxford University, Court, Credit, Yashuv, The New York Times, Gazan Health Ministry Locations: The Hague, Israel, Gaza, South Africa, “, Israeli, Rafah, Lithuania, Tel Aviv, ”, Haifa

In the first phase, fighting would stop to allow for the remaining women, elderly and wounded hostages to be released by Hamas. Netanyahu has faced increasing pressure from the families of many hostages who are demanding a deal to win their loved ones’ release. The Oct. 7 attack killed some 1,200 people in Israel, and Hamas and other militants abducted around 250 people. Around 100 hostages were freed under a weeklong cease-fire deal in November in exchange for the release of Palestinians imprisoned by Israel. Hamas has said it will free more captives only in exchange for an end to the war and the release of thousands of Palestinian prisoners.

Persons: Bill Burns, David Barnea, Mohammed bin Abdulrahman, Abbas Kamel, Joe Biden, Abdel Fattah el, Sheikh Tamim Bin Hamad Al, “, ” Burns, Brett McGurk, Burns, Biden, McGurk, Benjamin Netanyahu, Netanyahu, ___ Miller Organizations: WASHINGTON, — U.S, New York Times, Qatari, White, Israel Locations: Israel, Gaza, U.S, France, Mohammed bin Abdulrahman Al Thani, Thani, Columbia , South Carolina

☆ Widening Mideast Crisis U.N.’s Highest Court Expected to Rule on Israel’s War in Gaza
▼ + stars: | 2024-01-26 | by ( Matthew Mpoke Bigg | ) www.nytimes.com time to read: +5 min

Protesters gathering outside the International Court of Justice in The Hague this month. The International Court of Justice is set to rule on Friday on South Africa’s demand that Israel immediately suspend its military offensive in Gaza. Decisions by the court, the United Nations’ top judicial body, are binding, but the court has few means of enforcement. Still, a ruling against Israel would add to international pressure on Prime Minister Benjamin Netanyahu’s government over the war. Image The judges of the International Court of Justice before the hearing of the genocide case against Israel in The Hague this month.

Persons: Benjamin Netanyahu’s, Israel, ”, Remko De, Yoav Gallant, Avishag Shaar, Khan Younis, Fatima Shbair Organizations: International Court of Justice, Court of Justice, United Nations, Israel, South, Shutterstock South, Yashuv, The New York Times, Hamas, ., Associated Press, . Security, West Bank Locations: The Hague, Israel, Gaza, Remko De Waal, Shutterstock, Shutterstock South Africa, Rafah, United States

U.S. National Security Council spokesman John Kirby said Biden spoke with Egyptian President Abdel Fattah el-Sissi and Qatar's ruling emir, Sheikh Tamim Bin Hamad Al-Thani. The meeting will focus on the release of hostages in exchange for a pause in hostilities. Political Cartoons View All 253 ImagesThe CIA and the White House National Security Council declined to comment on the meeting. Some 1,200 people were killed and Hamas and other militants abducted around 250 people during their Oct. 7 rampage in southern Israel. Around 100 hostages were freed under a weeklong cease-fire deal in November in exchange for the release of Palestinians imprisoned by Israel.

Persons: Joe Biden, John Kirby, Biden, Abdel Fattah el, Sheikh Tamim Bin Hamad Al, ” Kirby, Bill Burns, David Barnea, Mohammed bin Abdulrahman, Abbas Kamel, Burns, Brett McGurk, McGurk, Antony Blinken Organizations: WASHINGTON, Qatari, Gaza . U.S . National Security, CIA, U.S, White House National Security, White House Locations: Israel, Gaza . U.S, Thani, Europe, Mohammed bin Abdulrahman Al Thani, Gaza

JERUSALEM (AP) — Two missiles apparently targeting a ship off Yemen exploded Friday, though they caused no damage or injuries, the British military said. The British military's United Kingdom Maritime Operations, which oversees Mideast waterways, said the attack happened southwest of the Yemeni city of Aden, in the Gulf of Aden. No group immediately claimed responsibility. Suspicion immediately fell on Yemen’s Houthi rebels amid their campaign targeting shipping over Israel’s ongoing war on Hamas in the Gaza Strip. This material may not be published, broadcast, rewritten or redistributed.

Persons: Suspicion, Yemen’s Organizations: JERUSALEM, United, Maritime Operations, Associated Press Locations: Yemen, British, Yemeni, Aden, Gulf, Gaza

☆ Widening Mideast Crisis Families of Israeli Hostages Plan Protest at Border Crossing Used for Aid to Gaza
▼ + stars: | 2024-01-25 | by ( Victoria Kim | ) www.nytimes.com time to read: +4 min

Egypt, which borders the Gaza Strip, has also played a key role. Another key negotiating track involves the future of the Gaza Strip after the guns fall silent. Hamas seized control of Gaza in 2007, expelling the rival Fatah party, which dominates the Palestinian Authority. Mr. Netanyahu has largely ruled out the return of the Palestinian Authority to ruling Gaza, at least in its present form. Complicating matters further, the Palestinian Authority, led by Mahmoud Abbas, faces severe internal challenges.

Persons: Brett McGurk, Benjamin Netanyahu, Israel’s, Husam, Netanyahu, “, Mahmoud Abbas, Abbas Organizations: Wednesday, White, Gaza, Hamas, Biden, Palestinian Authority, West Bank, Fatah Locations: Tel Aviv, Israel, Gaza, Qatar, Europe, Egypt, Western, U.S, Palestinian, Palestine

☆ Widening Mideast Crisis U.S. Strikes 3 Sites in Iraq After Attack on Base
▼ + stars: | 2024-01-24 | by ( Eric Schmitt | ) www.nytimes.com time to read: +5 min

One of Israel’s war goals is to create conditions that will persuade Israeli evacuees that it is safe to return home. John Kirby, a spokesman for the National Security Council, repeated that objection on Tuesday, when asked at a White House news briefing about Israel’s moves to create a buffer zone. The majority of Gaza’s buildings have been damaged during the war, according to United Nations estimates, and more than 25,000 Gazans have been killed, according to Gazan officials. Israeli ministers have also hinted of plans to create such a buffer zone since the first weeks of the war. “No matter who you are, you will never be able to come close to the Israeli border,” Mr. Dichter said.

Persons: Israel, Gazan, Daniel Hagari, John Kirby, ” Mr, Kirby, Antony J, Mr, Blinken, we’ve, Balakrishnan Rajagopal, Rajagopal, “, Eli Cohen, Avi Dichter, Dichter, Gabby Sobelman, Rawan Sheikh Ahmad, Erica L, Green, Michael Crowley Organizations: State Department, National Security Council, White House, United Nations, Reuters Locations: Gaza, Israel, U.S, Nigeria, United States, ”, Palestinian, Geneva, “ Israel

☆ Widening Mideast Crisis Israel Says 2 Dozen Soldiers Killed as Pressure Grows on Netanyahu
▼ + stars: | 2024-01-23 | by ( Adam Rasgon | Victoria Kim | ) www.nytimes.com time to read: +6 min

Those missiles were hit before they could be fired at ships in the Red Sea or the Gulf of Aden. That changed quickly after the Hamas attacks in Israel on Oct. 7, and the Houthi attacks on commercial ships a month later. U.S. analysts have been rushing to catalog more potential Houthi targets every day, the officials said. That effort yielded many of the targets hit on Jan. 11 and on Monday, officials said. Many Republicans in Congress and some former senior U.S. military officials say the approach is not working.

Persons: Biden, Poseidon Archer, Yahya Sarea, Mr, “, ”, Jon, ” Gen, Kenneth F, McKenzie Jr, ” Vivian Nereim Organizations: Houthi, British, American, Ocean Jazz, White House, Pentagon, U.S, ABC, Republicans, ”, military’s, Command Locations: United States, Britain, Yemen, Iran, Aden, East, Netherlands, Australia, Canada, Bahrain, U.S, Suez, Gaza, American, Gulf, Red, Israel, Riyadh, Saudi Arabia

☆ Oil prices steady as investors weigh Libya oilfield restart, Mideast tensions
▼ + stars: | 2024-01-22 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

A Repsol Oil Operations oil drilling rig pounds into the desert searching through thousands of feet for and oil reserve in El-Sharara, Libya. Oil prices were little changed on Monday as the market weighed the reopening of a key oilfield in Libya against ongoing tensions in the Middle East. Libya's National Oil Corporation resumed full production at the Sharara oilfield on Sunday after protests shut down output for two weeks. "The sentiment is sourer this morning because the force majeure on Libya's Sharara oil field has been lifted," Tamas Varga with PVM Oil Associates wrote in a note. OPEC, on the other hand, has presented a stronger outlook with oil demand forecast to grow by 2.2 million barrels per day, while production outside OPEC will grow by 1.3 million barrels per day.

Persons: Brent, Tamas Varga Organizations: Operations, The West Texas Intermediate, National Oil Corporation, PVM Oil Associates, U.S, U.S . Central Command, Houthi, International Energy Agency Locations: El, Sharara, Libya, The, Iran, Iraq, U.S, Syria, Gaza

JERUSALEM (AP) — Iran is “very directly involved” in ship attacks that Yemen's Houthi rebels have carried out during Israel's war against Hamas, the U.S. Navy's top Mideast commander told The Associated Press on Monday. The tempo of Houthi attacks on shipping appears to have slowed for the time being as the U.S. and its allies have increased their naval patrols in the region. A series of attacks blamed on Iran and ship seizures by Tehran followed the collapse of Iran's nuclear deal with world powers. However, Cooper maintained Iran had been directly fueling the Houthi attacks on shipping. There’s no secret there.”Cooper described the ship attacks striking the Mideast as the worst since the so-called Tanker War of the 1980s.

Persons: Yemen's, Adm, Brad Cooper, Cooper, ”, Houthi, that's, Israel —, they’re resourcing, ” Cooper, George Wikoff Organizations: JERUSALEM, Hamas, Associated Press, AP, United Nations, U.S ., Fleet, United, United Arab Emirates, 5th Fleet, Navy, military's, Command Locations: Iran, U.S, Tehran, Aden, Persian, Hormuz, Yemen's, Sanaa, Iranian, Suez, Asia, Europe, Saudi, Israel, Africa's, Egypt, Gulf, Gaza, Washington, America, American, Yemen, Abu Dhabi, United Arab, Bahrain

☆ Widening Mideast Crisis Israel to Make Case for War Before E.U. Amid Growing Criticism
▼ + stars: | 2024-01-22 | by ( Peter Baker | Adam Rasgon | ) www.nytimes.com time to read: +4 min

“My insistence is what has prevented — over the years — the establishment of a Palestinian state that would have constituted an existential danger to Israel,” Mr. Netanyahu said in a statement in Hebrew on Sunday. While there was no indication that Mr. Netanyahu would ease his strenuous opposition, which is popular with his fragile right-wing political coalition, Mr. Biden had expressed optimism that they might yet find consensus. President Biden and his top diplomat, Antony J. Blinken, have urged Israeli officials to move toward the eventual establishment of a Palestinian state. Mr. Netanyahu has rejected the idea of the authority returning to the enclave. Analysts pointed out that Mr. Netanyahu’s willingness to undermine his American counterpart was becoming routine.

Persons: Benjamin Netanyahu, Israel, Biden, “, —, ” Mr, Netanyahu, Mr, Netanyahu’s, ”, Grant Shapps, Shapps, ” António Guterres, Guterres, Antony J, Bezalel Smotrich, Itamar Ben, Gvir, ” Khaled Elgindy, Peter Baker Organizations: Mr, White House, Sky News, ” Palestinian Authority, West Bank, American, Middle East Institute Locations: Palestinian, Gaza, Israel, ”, Washington

JERUSALEM (AP) — Saudi Arabia's foreign minister says the kingdom will not normalize relations with Israel or contribute to Gaza's reconstruction without a credible pathway to a Palestinian state. Prince Faisal bin Farhan's remarks in an interview with CNN broadcast late Sunday were some of the most direct yet from Saudi officials. It puts them at odds with Israeli Prime Minister Benjamin Netanyahu, who has rejected Palestinian statehood and described plans for open-ended military control over Gaza. In September, Netanyahu had said Israel was “at the cusp” of such a deal, which he said would transform the Middle East. Israel has only successfully rescued one hostage, while Hamas says several have been killed in Israeli airstrikes or during failed rescue operations.

Persons: Prince Faisal bin Farhan's, Benjamin Netanyahu, Netanyahu, Israel, “ CNN’s Fareed Zakaria, ”, ” Prince Faisal, “, Prince Faisal, we’re, NETANYAHU, —, ___ Shurafa Organizations: JERUSALEM, CNN, Israeli, Palestinian, West Bank, Hamas, Health Ministry Locations: Saudi, Israel, Palestinian, Gaza, United States, U.S, Saudi Arabia, Jerusalem, GAZA, U.N, Iran, Lebanon, Syria, Iraq, Yemen, Deir, israel

☆ Surging U.S. oil production may set a record in 2024, shielding consumers from Mideast war and pressuring OPEC
▼ + stars: | 2024-01-21 | by ( Spencer Kimball | ) www.cnbc.com time to read: +7 min

Supply is forecast to grow by 1.5 million barrels per day to a new high of 103.5 million barrels per day, according to the IEA. Demand will grow by 1.2 million barrels daily, down from 2.3 million in 2023, with the post-pandemic recovery over and major economies set to slow. WTI and Brent closed out 2023 down more than 10% and OPEC+ production cuts have so far failed to lift prices. Goldman Sachs, for example, says oil prices could double if there is a prolonged disruption to shipments through the Strait of Hormuz. 'Golden era' Stronger U.S. oil production in 2023 surprised even oil industry CEOs such as Chevron's Wirth and Occidental's Vicki Hollub, they told CNBC in recent interviews.

Persons: Michael Wirth, Wirth, CNBC's Brian Sullivan, Goldman Sachs, Walt Chancellor, Daniel Yergin, Brent, Adi Imsirovic, Imsirovic, Yergin, Bob Yawger, Yawger, Matt Smith, Smith, Chevron's Wirth, Occidental's Vicki Hollub, I'm, Macquarie, Chancellor, Hollub, — Organizations: P, Energy Information Agency, Chevron, P Global, CNBC, Economic, West Texas, Center for Strategic, International Studies, OPEC, Bank of America, Oil, International Energy Agency, IEA, Brent, Mizuho, Gulf, Americas, Western Hemisphere Locations: East, U.S, Macquarie, Davos, Switzerland, Canada, United States, United Kingdom, OPEC, Brazil, Guyana, Americas, Europe, Red, Kpler, Iran, Hormuz

☆ Opinion: Our possibly short national nightmare
▼ + stars: | 2024-01-21 | by ( Richard Galant | ) edition.cnn.com time to read: +19 min

“My fellow Americans, our long national nightmare is over,” President Gerald Ford said. “Our campaign is the last best hope of stopping the Trump-Biden nightmare,” the former UN ambassador said. If not, it won’t be as protracted a “national nightmare” as the two-year-long Watergate scandal that put Gerald Ford in the Oval Office. Though, depending on your point of view, the real nightmare could begin after the swearing-in. Yet, John Avlon wrote, Trump and some members of the House GOP, want to tank an emerging compromise in the Senate that would couple border security measures with aid to Ukraine.

Persons: CNN —, Richard Nixon, “, Gerald Ford, Ford, Gerald Ford’s, Nikki Haley, Joe Biden, Donald Trump, Clay Jones, we’ll, Haley, MAGA, ”, Frida Ghitis, Trump, ” Haley, ” Trump, Patrick T, Brown, Daniel McCarthy isn’t, Donald Trump’s, Ron DeSantis, Vivek Ramaswamy, ” Nick Anderson, Biden isn’t, Dean Phillips, Cupp, Biden, ” Dana Summers, Karen Finney, Robert E, Lee, ” Finney, ’, Keith Magee, Julian Zelizer, Trump Samuel L, Adams, King David Border, Adolf Hitler, “ Mein, Paul Moses, Edward Alsworth Ross, Moses, Ross, … ”, — Hitler’s, It’s, who’ve, John Avlon, Scott Stantis, Mike Johnson, Alice Driver, Greg Abbott’s, Jean Carroll, Bill Bramhall, News Trump, Carroll, Danielle Campoamor, “ Carroll, —, she’s, Shawn Crowley, Robert C, Gottlieb, ” “, Jack Ohman, Gerald Auten, David Splinter, Jordan McGillis, Thomas Piketty, Emmanuel Saez, Gabriel Zucman, McGillis, Melissa Kearney, ” Elise Gould, Josh Bivens, ” Elisabeth Kendall, Peter Bergen, ” Kendall, Sheena McKenzie, Izzeldin Abuelaish, Peter Rutland, Israel ’, Nafees Hamid, Walt Handelsman, Sara Stewart, Katherine Heigl, Jill Filipovic, Jeremy Allen White, J, Chen, Suzanne Nossel, Jade McGlynn, Holly Thomas, Estee Lauder, mascara, don’t, ” Thomas Organizations: CNN, Netflix, Trump, Biden, UN, New, Republican, Florida Gov, South Carolina Gov, GOP, Democratic, New Hampshire, Agency, Aggression, CNN Town Hall, American Sociological Association, ”, ified GOP, Texas Gov, News, Brookings, Social, Administration, US, Cambridge University’s Girton College, Wesleyan University, Palestine, Times Locations: Republic, Iowa, New Hampshire, Minnesota, New, Virginia, North Carolina, mealtimes, curriculums, America, Ukraine, New York, Manhattan, Yemeni, Red, Gaza, Israel, Americas

☆ Widening Mideast Crisis Iran Accuses Israel of Killing 4 Military Advisers in Syria
▼ + stars: | 2024-01-20 | by ( Raja Abdulrahim | Hwaida Saad | ) www.nytimes.com time to read: +6 min

President Biden expressed optimism that he and Prime Minister Benjamin Netanyahu of Israel could still consensus. While there was no indication that Mr. Netanyahu would ease his opposition, which is popular with his fragile right-wing political coalition, Mr. Biden expressed optimism that they may yet find consensus. “I think we’ll be able to work something out,” Mr. Biden said. “The prime minister needs to be able to say no, even to our best friends,” Mr. Netanyahu told reporters. “Prime Minister Netanyahu has made clear his concerns about that.

Persons: Biden, Benjamin Netanyahu, Israel, Netanyahu, “, ”, Mr, “ I’ll, ” Mr, Jordan, John F, Kirby, that’s, Netanyahu’s, “ We’re, “ We’ve, Rashida Tlaib, “ It’s Organizations: Israel, White House, West Bank, Palestinian Authority, National Security Council, White, Mr, Hamas, “ Locations: Palestinian, Gaza, Israel, United States, Iran, Jordan, Michigan

AL-MAZRA'A ASH-SHARQIYA, West Bank (AP) — The father of an American teen killed by Israeli fire in the occupied West Bank railed against Washington's military support for Israel, as hundreds of mourners buried the 17-year-old in the family's ancestral Palestinian village Saturday. The Palestinian Health Ministry says 369 Palestinians have been killed in the West Bank since Oct. 7. Most of the Palestinians were killed during shootouts in the West Bank that the Israeli military says began during operations to arrest Palestinian gunmen. In several documented instances, Israeli forces and settlers have killed Palestinians who witnesses report were not engaged in violence. Israel captured the West Bank, along with east Jerusalem and the Gaza Strip, in the 1967 Mideast war.

Persons: Tawfiq Ajaq, Biden, “, ”, ” Tawfiq Ajaq, Mazra’a, Sharqiya, Hafez Ajaq, Joe Abdel Qaki, Ajaq, Abdel Qaki, John Kirby, ” Kirby, “ We’re, Israel, ___ Frankel Organizations: West Bank, Israel, White, ” Police, West Bank . Al, . Police, Hamas, Palestinian Health Ministry Locations: Israel, Gaza, U.S, Gretna , Louisiana, New Orleans, Al, American, Jerusalem

The Israeli war cabinet member and former military chief Gadi Eisenkot, as he attended the funeral of his son Gal Meir Eisenkot in December. General Eisenkot has also paid a devastating personal price in the war: His 25-year-old son, Master Sgt. In the televised interview, which was prerecorded, General Eisenkot said Mr. Netanyahu carries “sharp and clear” responsibility for the country’s failure to protect its citizens on Oct. 7. Early in the war, Israeli officials weighed whether to launch a pre-emptive strike against Hezbollah — risking a two-front war that deeply concerned U.S. and Israeli military planners. The Israeli public must head to the polls “within months,” General Eisenkot said.

Persons: Gadi Eisenkot, Gal Meir Eisenkot, Israel, Uvda, ”, Eisenkot, Benjamin Netanyahu, Netanyahu, Mr, Netanyahu —, —, “, Israel’s, General Eisenkot, Yahya Sinwar, Netanyahu’s Organizations: Mr, Hamas, ” Locations: Gaza, Israel, Entebbe, —, Uganda, Iran, Lebanon

☆ Tesla slashes car prices across Europe after similar cuts in China
▼ + stars: | 2024-01-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

Tesla on late Tuesday trimmed prices for its Model Y cars across several countries in Europe, a week after announcing similar price cuts for its Model 3 and Model Y cars in China. In France, Tesla lowered prices on its Model Y cars by as much as 6.7%, while in the Netherlands, Tesla reduced prices for the Model Y by up to 7.7%. The reductions come after Tesla announced price cuts for its Model 3 and Model Y cars in China. The company has reduced prices for its cars aggressively in China over the past year or so, undercutting local competitor BYD. Tesla trimmed prices of the Model 3 by 6% compared to December last year, also taking prices for the Model Y down by 11%, according to data from JL Warren Capital.

Persons: Tesla, Warren Buffet Organizations: BYD, JL Warren Capital, Volkswagen, U.S Locations: Europe, China, Germany, France, Norway, Netherlands, Red, Iran, Berlin, Brandenburg

☆ Opinion: The Mideast conflict on campus is too simplistic
▼ + stars: | 2024-01-17 | by ( Peter Rutland | ) edition.cnn.com time to read: +7 min

Many college students are taught that American society is the product of “settler colonialism” — a history of conquest and exploitation. In this simplistic framing, the plight of the Palestinians is just one more example of the familiar evils of settler colonialism. The Gaza war is better understood as a conflict between two competing nationalist projects than as a case of settler colonialism. There are a number of inconvenient historical truths that complicate the “settler colonialism” narrative. Another problem with the settler colonialism narrative is that it treats each side as a monolithic actor, playing the role of colonizer and victim, respectively.

Persons: Peter Rutland, Olivia Drake, Benjamin Netanyahu, Israel ”, ”, —, Israel, Raphael Lemkin, colonizer, Netanyahu, Abraham Organizations: Wesleyan University, Association for, Nationalities, CNN, Harvard, University of Pennsylvania, United, Palestine, Palestinian, Austrian, West Bank, Abraham Accords, United Arab, Arab League Locations: Russia, Europe, Eurasia, Israel, United States, Gaza, Israel’s, Americas, Palestine, Vienna, Vilnius, Lviv, Russian, Galicia, Egypt, Jordan, Bosnia, Northern Ireland, Saudi Arabia, United Arab Emirates, Bahrain, Morocco, Sudan, Palestinian, Iran, Turkey, Qatar, Cairo

☆ Oil slips; investors eye Mideast developments
▼ + stars: | 2024-01-15 | by ( ) www.cnbc.com time to read: +2 min

Brent crude futures fell 31 cents, or 0.4%, to $77.98 a barrel by 0124 GMT after settling up 1.1% on Friday. The U.S. later said it shot down a missile fired at one of its ships from Houthi militant areas of Yemen. "As the Middle East conflict is currently not affecting oil production, the geopolitical risk premium priced in oil prices now appears modest based on the implied volatility of options," Goldman Sachs analysts said in a note. "While unlikely to materialize in our view, we estimate that oil prices would rise 20% in the first month of a Strait of Hormuz interruption, and may temporarily double in a less likely extended disruption." In Libya, people protesting against perceived corruption threatened to shut down two more oil and gas facilities after shutting the 300,000 barrel-per-day Sharara field on Jan. 7.

Persons: Joe Biden, Goldman Sachs, Martin Luther King Organizations: U.S, . West Texas, British Locations: Yemen, Red, Iran, Gaza, United States, Strait, Hormuz, Libya, U.S

DAVOS, Switzerland (AP) — The Earth is heating up, as is conflict in the Middle East. They'll be among more than 2,800 attendees, which also include academics, artists and international organization leaders. OpenAI chief Sam Altman will be in Davos along with top executives from Microsoft, which helped bankroll his company's rise. TRYING AGAIN TO SAVE THE PLANETOf all the lofty hopes in Davos, the perennial one of late has been the search for creative and promising ways to fight climate change. “Davos is a powerful combination potentially, of a lot of concern about the environment, and a lot of high-powered finance present,” she said.

Persons: Isaac Herzog, Volodymyr Zelenskyy, They'll, Bronwen Maddox, Israel's, Herzog, Benjamin Netanyahu's, ”, Sam Altman, Vladimir Putin, Li Qiang, Ursula von der Leyen, Joe Biden's, Jake Sullivan, Emmanuel Macron, Antony Blinken, Javier Milei, Donald Trump —, Biden, John Kerry, Chatham House's Maddox Organizations: Young Swiss Socialists, Chatham House, Intelligence, Microsoft, European Commission, Chatham, “ Locations: DAVOS, Switzerland, Russia, Davos, Chatham, Gaza, Yemen, Qatar, Jordan, Lebanon, China, U.S, Dubai, “ Davos

JERUSALEM (AP) — Houthi rebels fired a missile, striking a U.S.-owned ship Monday just off the coast of Yemen in the Gulf of Aden, less than a day after they launched an anti-ship cruise missile toward an American destroyer in the Red Sea. The attack on the Gibraltar Eagle, later claimed by the Houthis, further escalates tensions gripping the Red Sea after American-led strikes on the rebels. Since November, the rebels have repeatedly targeted ships in the Red Sea, saying they were avenging Israel’s offensive in Gaza against Hamas. “The most dangerous thing is what the Americans did in the Red Sea, (it) will harm the security of all maritime navigation,” Nasrallah said. However, U.S. sailors have received combat ribbons for their actions in the Red Sea — something handed out only to those who face active hostilities with an enemy force.

Persons: — Houthi, Yahya Saree, “, ”, Aden “, Arleigh Burke, Joe Biden, Hassan Nasrallah, ” Nasrallah, Biden, It's, Samy Magdy, Lolita C, Bassem, Danica Kirka Organizations: JERUSALEM, Eagle, Hamas, United Kingdom Maritime Trade Operations, Dryad Global, Associated Press, military's Central Command, Command, Eagle Bulk Shipping, New York Stock Exchange, AP, Eagle Bulk, Central Command, U.S . Maritime Administration, Transportation Department Locations: U.S, Yemen, Gulf, Aden, American, Red, Gaza, Suez, Europe, Eagle Gibraltar, Marshall, Stamford , Connecticut, “, America, Sea, Hodeida, Iranian, Israel, East, Qatar, Oman, Saudi Arabia, Iran, Saudi, Cairo, Washington, Bassem Mroue, Beirut, London

Wholesale inflation fell by 0.1% in December, capping a year in which the rate of price increases dropped sharply, according to a report from the Labor Department released on Friday. The producer price index for all of 2023 came in at 1% compared to 6.4% in 2022. No indication of inflation at the wholesale level,” Kathy Jones, chief fixed income strategist at the Schwab Center for Financial Research, posted on social media. A lot will depend on how the economy performs this year after putting in a strong performance in 2023. Wages are increasing and now running higher than the level of inflation, giving support to consumer spending.

Persons: ” Kathy Jones, ”, Jeffrey Roach, ” “, Jared Cohen, Goldman Sachs, Ian Bremmer, Jamie Dimon, JPMorgan Chase, Dimon, ” Dimon Organizations: Labor Department, PPI, Schwab Center, Financial Research, Federal, LPL Financial, BCA Research, Fed, U.S, Global Affairs, Goldman, Eurasia Group, GZERO Media, JPMorgan Locations: Red, Iranian, Asia, U.S, Ukraine

☆ Supreme Court steps into a minefield
▼ + stars: | 2024-01-07 | by ( Richard Galant | ) edition.cnn.com time to read: +15 min

“First in war — first in peace — and first in the hearts of his countrymen,” Lee wrote of Washington. Joe Biden is 81, the oldest president ever and one who is struggling with John Adams-level unpopularity. On Friday afternoon the US Supreme Court announced it would hear arguments on the case February 8. Trump responded by accusing Biden of “pathetic fearmongering.”It’s been three years since Trump supporters stormed the Capitol on January 6. The name came from a letter Gordon sent to a friend explaining “how she, as a 350-pound woman, would like to be addressed.”“Just say fat,” Gordon reads from her essay in the film.

Persons: George Washington, Henry “, Harry ” Lee, “, —, ” Lee, ”, John Adams, Adams, Joe Biden, Clay Jones, Donald Trump, George W, Bush, Biden, Trump, ” It’s, Harry Dunn, ” Dunn, Black, Cupp, won’t, Trump Lisa Benson, Nikki Haley, Ron DeSantis, Mary, DeSantis, Patrick T, Brown, “ Haley, Julian Zelizer, ” Zelizer, John Avlon, ” David Horsey, Laura Belin, Haley, Iowa David Mark, Rob Davidson, Peter Bergen, Archduke Franz Ferdinand, Frida Ghitis, Benjamin Netanyahu “, ‘ We’re, ’, Netanyahu, Israel, ” Claudine Gay, Bill Bramhall, Claudine Gay, Jeremi Suri, Gay, ” Suri, Nick Anderson, OpenAI, Seán O’Connor, Mona Lisa ” —, O’Connor, ” “, ” Don’t, Dean Obeidallah, Dave Chappelle, J, Barber, Will Leitch, Sophia A, Nelson, Hollywood William Wallace, Tess Taylor, Jill Filipovic, Keir Giles, Aubrey Gordon, Sara Stewart, Gordon, Jeanie Finlay, ” Gordon, incredulously, ” Stewart Organizations: CNN, Washington, Supreme Court, Continental Army, Trump, Capitol, Capitol Police, Police, Biden, Republicans, New, GOP, Florida Gov, Twitter, Agency, ISIS, Hamas, New York Times, University of Texas, Ivy League, “, Harvard, MIT, University of Pennsylvania, Tribune, Microsoft Corp, West Locations: Washington, Florida, Valley Forge , Pennsylvania, Maryland, Iowa, New Hampshire, America, Beirut, Israel, Lebanese, Iran, Red, Sarajevo, Bergen, Gaza, Austin, Tokyo, Hollywood

WASHINGTON (AP) — The White House said Monday that the U.S. may establish a naval task force to escort commercial ships in the Red Sea, a day after three vessels were struck by missiles fired by Iranian-back Houthis in Yemen. On Sunday, ballistic missiles fired by Yemen’s Houthi rebels struck three commercial ships, while a U.S. warship shot down three drones in self-defense during an hourslong assault, the U.S. military said. He noted similar task forces are used to protect commercial shipping elsewhere, including off the coast of Somalia. The Houthi attacks imperil traffic on one of the world’s most vital shipping lanes and with it global trade overall. Political Cartoons View All 1277 ImagesThe Red Sea and Bab al-Mandab are also part of a vital route for commercial shipping overall, carrying millions of tons of agricultural products and other goods to markets yearly.

Persons: Jake Sullivan, Yemen’s Houthi, ” Sullivan, Sullivan, Jon Gambrell, Ellen Knickmeyer Organizations: WASHINGTON, U.S, U.S . Energy, Administration, ” Locations: U.S, Red, Iranian, Yemen, Israel, United States, Somalia, Gulf, Europe, China, Bab, Iran

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