Israel Financial News

Oil prices extended gains on Wednesday as a larger than expected fall in U.S. crude inventories and escalating geopolitical tensions raised investor worries about tighter supplies. Brent futures for June delivery rose 20 cents, or 0.22%, to $89.12 per barrel, while U.S. West Texas Intermediate (WTI) crude futures for May climbed 17 cents, or about 0.2%, to $85.32 a barrel, at 0015 GMT.

Several humanitarian aid organizations have suspended operations in Gaza after an Israeli airstrike killed seven World Central Kitchen workers

The deaths of seven World Central Kitchen workers in an Israeli airstrike in Gaza was a tragic turn for an American homegrown charity that, in less than 15 years, has mushroomed from the grassroots brainchild of a celebrity chef into one of the world’s...

Israel-Hamas war has led to destruction of infrastructure worth $18.5 billion On Monday, an Israeli military strike resulted in the tragic deaths of seven aid workers from the non-profit organisation World Central Kitchen as they were delivering food to starving civilians in Gaza. The workers were traveling in two armoured cars marked with the charity's logo and another vehicle.

Israel-Hamas war: The rising death toll in Gaza has captured all the headlines since the Israel-Hamas war began in October 2023. With more than 32,000 people dead, mostly innocent women and children, the international agencies have termed the war catastrophic for the Palestinians in Gaza.

Israel and Iran have fought a shadow war across the Middle East, trading attacks by land, sea, air and in cyberspace. Iran has largely used foreign proxies to strike Israeli interests, while targeted assassinations of Iranian military leaders and nuclear scientists have been a key part of Israel's strategy. Israel's strike in the Syrian capital, Damascus, that killed three top Iranian commanders Monday was the most brazen attack in years, raising fears of a wider confrontation. That would be particularly dangerous in a region already in turmoil on multiple fronts, including Israel's war in the Gaza Strip, cross-border skirmishes between Israel and the Lebanese militant group Hezbollah and attacks by Yemen's Houthi militia against Western interests in the Red Sea. An escalation between Israel and Iran would also risk further entangling the United States, given the presence of U.S. troops in the region.

Benjamin Netanyahu admitted Tuesday that Israel's military had «unintentionally» killed seven aid workers with a US charity in an air strike in Gaza. World Central Kitchen had already said a «targeted attack» by Israeli forces on Monday had killed the group, which included Australian, British, Palestinian, Polish and US-Canadian employees.

Prime Minister Benjamin Netanyahu has vowed to shut down Al Jazeera’s operations in Israel, calling it a “terror channel” that spreads incitement, after parliament passed a law clearing the way for the closure

Netanyahu has pledged to close down Al Jazeera news network following the passing of a comprehensive law on Monday, granting the government authority to ban foreign networks perceived as posing a threat to national security, CNN reported. Netanyahu stated his intention to do so, and said «to act immediately in accordance with the new law» to stop the Qatari-based news outlet's activity in the country, according to a post on social media platform X following the passage of the law.

war in Gaza. Neither Qatar nor the broadcaster immediately commented. Israel has long had a rocky relationship with Al Jazeera, accusing it of unfair bias against Israel.

NEW DELHI : Rating agency Icra Ltd credited the Indian government’s spending on infrastructure, apart from promising macroeconomic conditions and relatively stable commodity prices, for the country’s robust economic growth amid a sea of challenges. Icra joined the bandwagon of rating agencies predicting robust growth for India’s economy, which it said faced multiple challenges including inflation, rise in borrowing costs, sub-par monsoons, sluggish exports, the Red Sea crisis, and the effects of the Russia-Ukraine and Israel-Palestine conflicts.

worst atrocity against Jews since the Holocaust, conflict has spread across the Middle East. In all, ten countries are now caught up in fighting. In Gaza Israeli soldiers and Hamas are still killing each other, even as 2m people face famine.

LARNACA, Cyprus—When President Biden declared in early March that the U.S. military would build a pier on the coast of Gaza to deliver humanitarian aid by sea, a Spanish-American celebrity chef was already two steps ahead of the world’s mightiest fighting force. José Andrés had commandeered a tugboat to bring 200 tons of food on a barge from Larnaca, a port city in Cyprus, to Gaza’s shores for use in kitchens run by his disaster-relief group, World Central Kitchen.

Gold prices touched a record high on Monday after data showed that U.S. inflation moderated in February, boosting bets for the Federal Reserve's June interest rate cut. FUNDAMENTALS * Spot gold rose 1% at $2,255.39 per ounce, as of 0103 GMT. Bullion hit a record high of $2,256.09 per ounce earlier in the session.

VATICAN CITY: Pope Francis made renewed calls on Easter Sunday for an immediate ceasefire in Gaza and the release of all Israeli hostages in a peace-focused address marking the most important day on the Christian calendar. Francis presided over Mass in a packed St Peter's Square, and then delivered his «Urbi et Orbi» (to the city and the world) blessing and message from the central balcony of St. Peter's Basilica.

The executive board of the International Monetary Fund has confirmed a deal with Egypt to increase its bailout loan from $3 billion to $8 billion

Palestinian Authority, which governs parts of the West Bank, if it resumes control in Gaza . The plan is a long shot—not least because Binyamin Netanyahu, the Israeli prime minister, is a longtime opponent of Palestinian statehood. After Mr Biden spoke with him earlier this month, the president suggested Mr Netanyahu might be amenable to creating a demilitarised Palestine: “I think we’ll be able to work something out," he said.

₹59,400 per 10 grams at the beginning of the year to around ₹67,000 per 10 grams at the end. The fiscal year saw a slew of global conflicts including the Israel - Hamas war and the ongoing Russia - Ukraine war. Also Read: What's next for gold? Look to China for clues FY24 also witnessed global central banks shoring up their gold reserves with physical demand also remaining elevated.

Israel to take measures to improve the humanitarian situation in Gaza, including opening more land crossings to allow food, water, fuel and other supplies into the war-ravaged enclave. The International Court of Justice issued two new so-called provisional measures in a case brought by South Africa accusing Israel of acts of genocide in its military campaign launched after the Oct. 7 attacks by Hamas. Israel denies it is committing genocide and accused South Africa of trying to «undermine Israel's inherent right and obligation to defend its citizens.»

The U.S. has imposed sanctions on an online media site called Gaza Now and its founder Mustafa Ayash, for allegedly supporting Hamas

Amid fluctuating markets, Bitcoin dips below $70,000, spotlighting debates on its future price. U.S. and U.K. sanctions against Gaza Now’s crypto operations underscore ongoing regulatory scrutiny, possibly influencing Bitcoin’s trajectory.