Iran Financial News

Ismail Haniyeh is a prominent Palestinian political figure who has played a pivotal role in the complex and tumultuous landscape of Palestinian politics. With a career marked by highs and lows, Haniyeh's journey reflects the enduring struggle for Palestinian self-determination and statehood. He is a millionaire, stemming from the 20% tax charged on all items entering through tunnels from Egypt to the Gaza Strip. He ordered the recent attack on Israel over the weekend, which resulted in over 1,500 deaths on both sides. Haniyeh is currently leading a lavish lifestyle in Qatar and reportedly watched the aggressions from the comfort of his office.

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The Times of Israel cited the Foreign Ministry which said that 84 countries expressed support for Israel. Countries like France, Germany, Italy, United Kingdom, and the United States also issued a joint statement expressing their joint support and condemned Hamas and its appalling acts of terrorism.

Geneva International Motor Show, one sleek supercar stands out — the Simurgh, a vehicle that could be mistaken for the Batmobile at first glance. Its black, low-slung design with flared wheel arches exudes an aura of speed and sophistication. Yet, on closer inspection, it becomes evident that the Simurgh is no ordinary car among the impressive lineup in Doha.

“Following the terrible attacks in Israel, our immediate focus has been on ensuring our employees’ safety. We’ve now made contact with all of our local employees, and we’ll continue supporting them. “We’re also working to provide reliable, accurate information to people who use our products. Our systems across Google and YouTube prioritize authoritative information in moments of crisis and breaking news. Our teams are working around the clock to ensure this, as well as to detect and remove graphically violent, hateful or terrorist content, or coordinated disinformation campaigns. Our cybersecurity experts are also sharing their findings in real time with the broader security community. For example, our security unit, Mandiant, has observed fake accounts connected to Iran which are promoting anti-Israeli narratives across various services, as well as investigating reports of distributed denial-of-service (DDoS) attacks by suspected pro-Hamas and pro-Russia hacktivist groups targeting Israeli government websites. Our thoughts are with the victims and their loved ones, and all those affected." Earlier, TCS also said that it is closely monitoring the safety of its employees in Israel amid the ongoing war between Israel and Hamas.

Iran had helped Hamas plot the rocket attack on Israel and approved of the assault during a meeting in Beirut last week, according to a report published by The Wall Street Journal. Coming back to the Pentagon Chief, he noted that Tehran has backed Hamas which launched a coordinated ground, air and sea assault from Gaza on Saturday for years.

October 10, 2023

Russia was defeated in its bid to regain a seat in the United Nations premiere human rights body by a significant majority in Tuesday's election in the General Assembly, which voted last year to suspend Moscow after its invasion of Ukraine. Russia competed against Albania and Bulgaria for two seats on the Geneva-based Human Rights Council representing the East European regional group. In the secret ballot vote, Bulgaria got 160 votes, Albania got 123 votes and Russia just 83 votes.

Oil prices oil fell more than $1 a barrel on Tuesday, continuing a slide that began earlier in the day with traders focused on demand levels but still cautious as they watched for potential supply disruptions amid military clashes between Israel and the Palestinian Islamist group Hamas. Brent crude was down $1.18 at $86.97 a barrel as of 9:37 a.m. CDT (1437 GMT), while U.S.

Investing.com — Oil prices edged lower Tuesday, handing back some of the previous session’s hefty gains as traders digest the possibility of a wider impact from the conflict between Israel and the Palestinian Islamist group Hamas.

Billionaire hedge fund manager Paul Tudor Jones said Tuesday it's extremely tough to be an investor in risk assets amid escalating geopolitical tensions and the dire fiscal position in the U.S.

By Paul Carsten

Ayatollah Ali Khamenei said on Tuesday that Tehran had not been involved in the Hamas group's weekend attack on Israel, but he hailed what he called Israel's «irreparable» military and intelligence defeat. In his first televised speech since the attack, Khamenei said «we kiss the hands of those who planned the attack on the Zionist regime». «This destructive earthquake has destroyed some critical structures (in Israel) which will not be repaired easily… The Zionist regime's own actions are to blame for this disaster,» said Khamenei. Iran has long backed the Hamas group, which controls the Gaza Strip and rejects Israel's right to exist. Israel said earlier on Tuesday it had re-established control over the Gaza border and was planting mines where militants had toppled the barrier during their bloody weekend assault, after another night of relentless Israeli air raids on the enclave. The United States said on Monday Iran was complicit in Hamas' assault on Israel, though it said it had no intelligence or evidence pointing to Tehran's direct participation.

Gaza Strip after the Hamas group launched a deadly rocket attack on Israel that killed over 1,000 people and left hundreds injured. Dozens of foreigners have been killed, injured, or taken hostage during a surprise attack on Israel by the Palestinian militant group Hamas. Many of the missing foreigners were at an electronic music festival in the southern Israeli desert, at which scores of revelers were massacred.

Oil prices edged down slightly on Tuesday after gaining more than 4% in the previous session as markets weighed the potential for supply disruptions as the conflict between Israel and the Palestinian Islamist group Hamas continued. Brent crude fell 18 cents, or 0.2%, to $87.97 a barrel at 0017 GMT, while U.S. West Texas Intermediate crude eased 16 cents or 0.2% to $86.22 a barrel. Both benchmarks had gained more than $3.50 on Monday on news of the conflict after falling steeply in volatile trading last week. Hamas' launched the largest military assault on Israel in decades on Saturday.

Catch all the LIVE updates on the Israel-Palestine War here, President Joe Biden said Monday that 11 Americans are dead and others are likely being held hostage by the Palestinian militant group Hamas after a surprise attack on Israel using what a US official called "ISIS-level savagery."As fears grew that the conflict could turn into a regional conflagration, the White House said there was no intention to put US boots on the ground but warned Iran and other actors not to get involved.

The shock attack by Hamas and Israel’s response risk a wider destabilisation of the region – and the global oil market is watching.

Oil prices climbed with worries about violence in the Middle East

Investing.com — Gold settled above the mid $1,800 level on Monday in response to the Israel-Hamas war, but the rally in the safe-haven would depend on how far the crisis expands to impact oil and other global markets, analysts said.

Investing.com — Crude prices were up 4% Monday as the latest Middle East crisis  reintroduced geopolitical risk into the oil trade in a way unseen in years, resetting markets that just days ago were depressed more by concerns over the global economy.

Crypto prices are pulling lower on Monday as jitters surrounding the escalating Israel/Palestine conflict and its potential to spill over to major oil-producing regional neighbors like Iran send oil prices higher, raising inflation fears.