Iran Financial News

China's foreign minister condemned Israel's actions for going "beyond the scope of self-defence" and called for it to "cease its collective punishment of the people of Gaza". "(Israel) should listen earnestly to the calls of the international community...

Investing.com — Oil prices slipped lower Monday, consolidating after recent hefty gains as the conflict in the Middle East continued to raise concerns about disruptions in supply from the world’s biggest oil producing region.

An Israeli ground offensive in the Gaza Strip would further escalate the conflict raging since Hamas launched its unprecedented attack, killing hundreds of civilians.

Russian President Vladimir Putin is expected to meet this week with Chinese leaders in Beijing on a visit that underscores China’s support for Moscow during its war in Ukraine

That one of the world’s fiercest wars now is being fought right next some of the biggest oil exporters probably justifies some geopolitical risk to be attached to crude prices. But a daily move of up to a few percent will require the supply of oil itself to be impacted — not just hypothetically but in real barrel terms.

European stocks and US equity futures fluctuated while Treasuries dropped as traders tracked efforts by the US and its allies to prevent further escalation of the Israel-Hamas conflict.

Investing.com — U.S. stock futures edged higher Monday at the start of a busy week for corporate earnings, while geopolitical tensions remain to the fore. 

gravity of Hamas’s crimes. More than 1,200 Israelis, most of them civilians, many of those women and children, were murdered in their homes, on the street, in kibbutzim, at a music festival. Perhaps 150 more have been dragged to Gaza and shut in makeshift dungeons.

By Elizabeth Howcroft

By Hadeel Al Sayegh, John O'Donnell, Elizabeth Howcroft

Investing.com — U.S. Secretary of State Antony Blinken seeks to limit the extent of the conflict in the Middle East, while the focus on Wall Street turns to the new quarterly corporate earnings season. Rite Aid has filed for bankruptcy while crude prices consolidate after recent hefty gains.

European shares climbed on Monday, with miners in the lead on optimism around demand from top consumer China, although trading was cautious as investors weighed prospects of an escalation in the Middle East conflict. The STOXX 600 was up 0.4% by 0707 GMT. The mining index rose 1.3% as prices of base metals were lifted by hopes of stronger demand from China after data last week signalled some signs of stabilisation in the world's second-largest economy. Also boosting the index was a nearly 4% gain in shares of SSAB after JP Morgan upgraded the Swedish steel company to «overweight» from «neutral». Global risk sentiment was still on shaky grounds over concerns that the Israel-Hamas conflict would spill over to the broader region, gaining steam after Iran warned Israel of escalation. Among other single stocks, Frankfurt-listed shares of BioNTech fell nearly 5% after partner Pfizer on Friday slashed its full-year revenue forecast on lower sales of its COVID-19 vaccine and treatment.

After an air campaign resulting in hundreds of casualties, experts believe an Israeli ground invasion of Gaza is imminent, in response to Hamas' attacks that took approximately 1,300 lives in Israel. This potential ground offensive poses a risk of a broader regional conflict. Mint takes a closer look: Tensions flared on 7 October when Hamas targeted Israel in a coordinated assault.

Israel-Palestine conflict. While the US and allies have showed their support to Israel, both China and Russia sided with Palestine.

Investing.com-- Oil prices fell in Asian trade on Monday, reversing course after a sharp rally in the prior week as markets awaited any more developments in the Israel-Hamas war, as well as a string of Asian economic cues this week.  

By Yuka Obayashi and Emily Chow

Also read: Israel-Hamas war: Shocking video of Israelis urinating on dead Palestinians surfaces on internet 2. More than one million people have fled their homes in Gaza as Israel bombarded the Hamas-ruled Gaza Strip and continued in preparation for a full-blown ground invasion. 3.

financial markets, as investors wait to see if the conflict draws in other countries with the potential to drive up oil prices further and deal a fresh blow to the world economy. Israel's Prime Minister Benjamin Netanyahu vowed on Sunday to «demolish Hamas» as his military prepared ground operations in Gaza to root out the militant group, whose deadly rampage through Israeli border towns stunned the nation. S&P 500 E-Mini futures edged up after they opened on Sunday, last up 0.2%, while oil prices were virtually unchanged. Trading had been choppy in the last week as Wall Street worried about whether other countries such as Iran would get involved, but investors were directing most of their attention to interest rates and issues related to the U.S. economy. «As long as the war remains relatively localized, U.S.

Gaza Strip since Israel began its bombardment against Hamas, the UN said on Sunday, warning of dire conditions on the ground. Israel declared war on the Islamist group last Sunday, a day after waves of its fighters broke through the heavily fortified border and shot, stabbed and burned to death more than 1,400 people, most of them civilians. The relentless bombing since against those who masterminded the attack have flattened neighbourhoods and left at least 2,670 people dead in the Gaza Strip, the majority ordinary Palestinians.

Hamas. Israel's shekel sank to a nearly eight-year low, after the country's prime minister, Benjamin Netanyahu, vowed to «demolish Hamas» in retaliation for the rampage on Oct. 7 that killed 1,300 people in the worst attack on civilians in Israel's history. U.S.

Oil prices fell on Monday, partly reversing Friday's rally as investors wait to see if the Israel-Hamas conflict draws in other countries, which could drive up prices and deal a fresh blow to the global economy. Brent futures slid 34 cents, or 0.4%, to $90.55 per barrel and U.S.