Israel Financial News

Israel-Gaza War Day 73: Israel faces new calls for truce after killing of hostages raises alarm. 10 updates Meanwhile, President Isaac Herzog indicated that Israel was willing to undertake a fresh truce in the coming days for recovery of hostages.

Sen Elizabeth Warren has opposed the growing cryptocurrency lobbying efforts in Washington calling on all stakeholders to support regulations to clamp down on terrorist financing amid other concerns. 

Heritage Foundation senior fellow Brent Sadler reacts to BP pausing Red Sea oil shipments after Houthi attacks on 'Varney & Co.'

security situation in the Red Sea was deteriorating and ballistic missile and drone attacks were an increased threat, as it agreed for a Royal Navy Destroyer to join a U.S.-led operation to safeguard commerce in the region. The United States said earlier on Tuesday it was setting up a task force of ships to protect shipping in the Red Sea and Gulf of Aden, key trading routes, to protect shipping from the rising number of attacks launched by Houthis in Yemen. The Houthis have stepped up attacks in response to Israel's assault on the Gaza Strip, forcing oil major BP and freight firms including Maersk to avoid the area. Britain's Ministry of Defence (MoD)said on Tuesday that HMS Diamond, which shot down a suspected drone in the Red Sea on Saturday, would join the U.S.-led international taskforce, as it warned of the rising threat levels. «These illegal attacks are an unacceptable threat to the global economy, undermining regional security and are threatening to drive up fuel prices,» Britain's defence minister Grant Shapps said in the statement. «This is an international problem that requires an international solution.» Britain said that alongside HMS Diamond the task force currently includes three U.S. destroyers, and a French warship is in the region.

By Phil Stewart

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Iran’s state TV says nearly 70% of the nation’s gas pumps are out of service after possible sabotage — a reference to cyberattacks

The European Union has made Elon Musk’s online platform X the first tech company to face an investigation under Europe’s tough new regulations designed to clean up social media and protect people from toxic online content

Egyptian President Abdel Fattah el-Sissi has won reelection to a third, six-year term in office

Benjamin Netanyahu has reiterated Israel's aim of achieving «total victory» against Hamas, stating that the war is not just Israel's but also the US's, as it is also a battle against the «Iranian axis.» He said that the Iranian axis of terror is threatening to close the maritime strait of Bab el-Mandeb and is presenting a threat to the freedom of navigation for the world.

By Stephanie Kelly and Andrew Hayley

Investing.com-- Oil prices rose slightly in Asian trade on Tuesday after rebounding sharply from near six-month lows, as traders sought to gauge just how disruptive an ongoing conflict in the Red Sea will be for supplies.

Red Sea and Gulf of Aden to try to safeguard commercial shipping against attacks by Yemen's Houthi rebels, who say they are supporting Palestinians under siege by Israel in the Gaza Strip. A statement on Tuesday by U.S. Defense Secretary Lloyd Austin, on a visit to Bahrain, identified several countries taking part in an international force.

Here are top 10 updates on Israel-Hamas war, 1) Hamas released a short video on Monday showing three elderly Israeli hostages whom the Islamist group seized during its October 7 rampage. Israel denounced it as a “criminal, terrorist video", Reuters reported.

Investing.com — Oil prices settled higher Monday as concerns about a supply surplus were eased after Russia said it would make deeper crude export cuts, and attacks by the Houthis on ships in the Red Sea stoked worries about supply disruptions.

By Jonathan Saul

«I can tell you that soon we will be able to distinguish between different areas in Gaza,» Defence Minister Yoav Gallant said in a joint news conference with his U.S. counterpart Lloyd Austin in Tel Aviv.

Security Council could vote as early as Monday on a proposal to demand that Israel and Hamas allow aid access to the Gaza Strip — via land, sea and air routes — and set up U.N. monitoring of the humanitarian assistance delivered. Diplomats said the fate of the draft Security Council resolution hinges on final negotiations between Israel ally and council veto power, the United States, and the United Arab Emirates, which has drafted the text.

By Ahmad Ghaddar

Investing.com — Oil prices soared higher Monday on concerns of disruptions to global supply, particularly to the important Asian market, following mounting attacks by the Houthis on ships in the Red Sea.

fire for one of its ad campaigns which portrayed a model carrying a mannequin wrapped in white cloth that resembled the type of Muslim burial shrouds that have covered Gazans killed in the war. The company has since apologized and explained that it was shot months before Hamas attacked Israel. But in light of current events, they could have chosen different photos from the campaign shoot—or simply not have run it at all.