Israel war Financial News

'I think Sharad Pawar will send daughter Supriya to Gaza': Assam CM Sarma's jibe on NCP leader's remark Reacting to Pawar's remark, Maharashtra Deputy Chief Minister Devendra Fadnavis stated that the veteran political leader should strongly condemn terrorism and shun vote-bank politics while talking about the Israel-Palestine issue. “My request to Sharad Pawar ji is not to think about vote-bank politics, but strongly condemn terrorism. “India has never changed its position on the Israel-Palestine dispute.

By Sharon Bernstein

IEA) on Thursday lowered its forecast for growth in oil demand in 2024, suggesting harsher global economic conditions and progress on energy efficiency will weigh on consumption. In its monthly report, the IEA forecast demand for oil will rise by 880,000 barrels per day (bpd) in 2024, down from its previous forecast of 1 million bpd, based on broader economic concerns and a faster adoption of electric vehicles among other energy efficiency measures. However, the Paris-based agency that advises the United States and other industrialised countries, raised its 2023 demand forecast to 2.3 million bpd, from a previous estimate of 2.2 million. OPEC and its allies, known as OPEC+, began limiting supplies in 2022 to support prices. In September, global benchmark Brent hit 10-month highs after Saudi Arabia and Russia extended their combined 1.3 million bpd cuts until the end of the year. «If extra cuts are unwound in January, the balance could shift to surplus, which would go some way to help replenish depleted inventories,» the agency said. Although Russia pledged to cut crude exports until the end of 2023, according to the IEA's estimates Moscow's total exports of crude oil and products in September rose by 460,000 bpd to 7.6 million bpd, with crude accounting for 250,000 bpd of the increase. The jump in exports highlights the difficulty the West has faced in trying to reduce Russian exports and revenue to Moscow amid its war with Ukraine. Last year, the IEA predicted harsh Western sanctions would lead to a collapse in Russian energy exports. ECONOMIC HEADWINDS, GEOPOLITICAL RISK Oil prices fell sharply last week as a darkening economic outlook intensified fears of slower growth in demand, eclipsing supply concerns.

Israel, US President Joe Biden on Wednesday addressed Jewish community leaders at a roundtable in the White House and called the attacks by Hamas a «campaign of pure cruelty». «I never really thought that I would see and have confirmed pictures of terrorists beheading children,» Biden said in broader remarks about his administration's support for Israel amid its war with Hamas and efforts to free American hostages. During the event at the White House, featuring a group of around two dozen rabbis and leaders of Jewish organisations, Biden also warned Iran to «be careful». «We moved the US carrier fleet to the eastern Mediterranean and we are sending more fighter jets to that region, and made it clear to the Iranians: Be careful,» he said, adding, «When terrorist groups like Hamas, brought not only a sheer evil, sheer evil to the world, evil that echoes the worst matches in some cases exceeds the worst atrocities of ISIS.» Earlier on Wednesday, the US president spoke to Israeli Prime Minister Benjamin Netanyhu, marking the fourth known call between the two.

The cryptocurrency world is abuzz with significant developments today. Bitcoin is currently trading at $27,653, experiencing a 1% decrease on Tuesday. In a noteworthy political move, Robert F. Kennedy Jr., a staunch advocate for cryptocurrencies, has decided to run for president as an independent, parting ways with the Democrats. 

serious escalations of conflict between Palestine and Israel, hundreds of Hamas militants infiltrated the Israeli cities in SUVs, motorcycles and paragliders and shot at civilians. At least two Israelis were killed, Israel public broadcaster Kan reported. Medical officials said there were dozens of wounded.