Palestine Financial News

Israel for carrying out genocide in Gaza and voiced support for South Africa's case against Israel at the UN's International Court of Justice. However, it was the first time he directly compared Israel's actions to the Holocaust. As per Israeli Prime Minister Benjamin Netanyahu, the remark “crossed a red line".

veto. Algeria, the Arab representative on the council, put the draft resolution in a final form that can be voted on. Council diplomats, speaking on condition of anonymity because they weren’t authorized to speak publicly, said the vote will take place Tuesday morning. In addition to a ceasefire, the final Algerian draft, obtained by The Associated Press, reiterates council demands that Israel and Hamas “scrupulously comply” with international law especially the protection

Israeli cabinet unanimously approved a declaration strongly opposing any plan for Palestinian statehood, the Times of Israel reported. This comes in the wake of reports that the US and several Arab partners were preparing a detailed plan for a comprehensive peace deal between Israel and the Palestinians that includes a «firm timeline» for a Palestinian state.

Hamas, and envisions a wider resolution of the Israeli-Palestinian conflict. Israeli Prime Minister Benjamin Netanyahu has called Hamas' demands “delusional" and rejected US and international calls for a pathway to Palestinian statehood.

Israel accused Brazilian President Luiz Inacio Lula da Silva of trivialising the Holocaust and causing offence to the Jewish people on Sunday after he likened the Israeli war against Hamas militants in Gaza to the Nazi genocide during World War Two. «What is happening in the Gaza Strip with the Palestinian people has no parallel in other historical moments. In fact, it did exist when Hitler decided to kill the Jews,» Lula told reporters during the 37th African Union Summit in Addis Ababa.

The Wire. "The Water Transport Workers Federation of India has decided to refuse to load or unload weaponized cargoes from Israel or any other country which could handle military equipment and its allied cargo for war in Palestine," The Wire quoted WTWFI press release – dated 14 February – as saying. “Port workers, part of labour unions would always stand against the war and killing innocent people like women and children.

Benjamin Netanyahu responded on February 17 to rising appeals from world leaders to avoid a ground operation in Rafah, remarking that doing so would mean «losing the war against Hamas,» as reported by The Times of Israel. «Those who want to prevent us from operating in Rafah are essentially telling us: 'Lose the war.' I won't let that happen,» he vowed at an evening press conference in Jerusalem. «We won't capitulate to any pressure,» he said.

Israel has sent negotiators for truce talks in Cairo as requested by US President Joe Biden but they did not go back for further talks because Hamas' demands were "delusional," Prime Minister Benjamin Netanyahu said on Saturday. Netanyahu also said Israel would not give in to «international dictates» regarding a statehood agreement with the Palestinians, which he said could only be reached through direct negotiations without preconditions.

DUBAI (Reuters) -Yemen's Iran-aligned Houthis claimed responsibility on Saturday for an attack on the oil tanker M/T Pollux, which U.S. officials said the previous day had been hit by a missile.

MUNICH (Reuters) — Qatar's Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said on Saturday the pattern of negotiations for a framework ceasefire deal for the conflict between Israel and Hamas in Gaza was «not very promising» in recent days.

Also Read: Oil remains range-bound as rate cut hopes fade away: Here's how US Fed policy decision affects prices Back home, on the Multi Commodity Exchange (MCX), crude oil futures due for a March 19 expiry, last settled 0.03 per cent higher at ₹6,484 per bbl, having swung between ₹6,381 and ₹6,518 per bbl during the session, against a previous close of ₹6,482 per barrel. On Thursday, Hezbollah said it fired dozens of rockets at a northern Israeli town in a "preliminary response" to the killing of 10 civilians in southern Lebanon, the deadliest day for Lebanese civilians in four months of cross-border hostilities. The oil market's reaction to news from the Middle East was moderate, according to analysts.

By Nidal al-Mughrabi and Maayan Lubell

Palestine issue and an increasing number of nations are now not only endorsing it but considering it as «more urgent» than before, External Affairs Minister S Jaishankar said on Saturday amid concerns over the prevailing situation in Gaza. Jaishankar made the remarks at an interactive session at a security conference in Munich in presence of US Secretary of State Antony Blinken and German Foreign Minister Annalena Baerbock. The external affairs minister described the October 7 attacks on Israeli cities by Hamas as «terrorism» but at the same time, referring to Tel Aviv's response, said Israel has an international obligation to observe the humanitarian law. Jaishankar said it is important that Israel should have been very mindful of civilian casualties.

As Israel-Hamas cease-fire talks flounder, Israel is vowing to press ahead with its offensive in the southern Gaza Strip despite warnings from the US to work harder to protect civilians. Violence spiked across the volatile Israel-Lebanon border. This is what happened in the Middle East this week.

two-state solution in the Mideast, but as part of a negotiated settlement. With talks long stalled and Israel's offensive against Hamas in Gaza deepening, some European countries are voicing support for recognising a Palestinian state sooner. "Recognising a Palestinian state is not a taboo for France," Macron said Friday at a meeting in Paris with Jordan's King Abdullah.

Yemen's Iran-aligned Houthis said on Saturday that they had fired missiles at oil tanker Pollux, which U.S. officials said the previous day had been hit by a missile. The U.S. State Department said on Friday that the Pollux, a Panamanian-flagged tanker carrying crude oil bound for India, was hit by a missile on its port side. «The naval forces of the Yemeni Armed Forces carried out a targeting operation against a British oil ship (Pollux) in the Red Sea with a large number of appropriate naval missiles, and the strikes were accurate and direct», the Houthis' military spokesperson, Yahya Sarea, said in a statement.

The US State Department announced on Friday that a Panamanian-flagged tanker transporting crude oil destined for India, was targeted by a missile in the Red Sea. According to the State Department, the missile, originating from Yemen, struck the M/T Pollux on its port side. Prior to this, both the United Kingdom Maritime Trade Operations (UKMTO) agency and the British maritime security firm Ambrey had reported that a Panama-flagged tanker was allegedly hit approximately 72 nautical miles (133 km) northwest of Yemen’s port of Mokha.

Red Sea crisis that has jacked up his shipping costs and times. «Last week, I lost a big order to a Polish competitor who does not need to pay increased freight rates,» said Jhunjhunwala, head of Binayak Hi Tech Engineering which ships about 700 containers of machinery tools, industrial castings, and railway shed materials per year. Turkish exporters were also benefiting at the expense of Indian companies, he said, adding that he has also sent some orders on to buyers at a loss after absorbing increased costs.

United States, Israel's main ally, was working with several Arab countries on a comprehensive plan for long-term peace between Israel and the Palestinians. The plan included a firm timeline for the establishment of a Palestinian state, the newspaper reported.

-Bharat Bandh and farmers protest: Farmers' umbrella body Samyukta Kisan Morcha (SKM), along with central trade unions, have called for 'gramin bharat bandh', or nationwide strike today, February 16. This Bharat Bandh call will take place from 6 am to 4 pm amid ongoing ‘Delhi Chalo’ march that will mark its fourth day today to press the centre for farmers' demands relating to the agriculture sector, including a law guaranteeing Minimum Support Price (MSP) for crops.

The US Treasury’s Undersecretary for Terrorism and Financial Intelligence, Brian Nelson, confirmed in a testimony before the House Financial Services Committee that the media and Washington lawmakers exaggerated earlier reports of Hamas using crypto to fund terrorist activities.