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November 20, 2023
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🇵🇸🇮🇱 Latest updates on Palestinian-Israeli conflict:

▪️The death toll in the Gaza Strip since the start of Israeli strikes on the enclave has exceeded 13.3 thousand people, more than 31 thousand have been injured, local authorities reported.

▪️IDF soldiers have seized Hamas’ Supreme Court building in Gaza Strip.

▪️Putin to join upcoming BRICS summit via video link on Tuesday to discuss Palestinian-Israeli conflict, Kremlin says.

▪️Doctors Without Borders (MSF) said on Monday that its clinic in the Gaza Strip came under fire, and four cars of the humanitarian organization were burned down.

▪️A UN protectorate in Gaza would not solve the conflict there, the body's Secretary-General said Monday, calling instead for a "transition period" involving Arab nations and the United States and leading to a two-state solution.

▪️Israel would continue its operation in the Gaza Strip to eliminate the Hamas group even after the temporary ceasefire and the release of all hostages, Benny Gantz, a minister in Israel's emergency war cabinet, said.

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OIL SHOCK

🇮🇱 ❌ 🇮🇷 🛢 📈 — Deutsche Bank: Oil Prices will go to $125/barrel if the Iran-Israel conflict spills over into the Straight of Hormuz

@CIG_Telegram

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Analysis

Developments in the Iran-Israel war. It is currently 1:11am in Tel Aviv and 1:42am in Tehran.

Main points:

Iran and Israel have started targeting each other’s energy infrastructure.

Iranian missiles continued to target and impact northern and central Israel.

Israel has started targeting Iranian oil infrastructure, including oil refineries and oil depots.

Israeli airstrikes continue to target various parts of Tehran and the surrounding areas.

Iranian air defence seems to finally be doing some damage to Israeli missiles and drones. In turn, Israel has deployed dozens of small quadcopters and loitering munitions to waste Iranian air defence and saturate for larger attacks with cruise missiles.

Drones launched from Iran and factions in Iraq continue to target northern and southern Israel.

Missiles & drones:

2 rockets were launched from the Khan Younis area of southern Gaza by an unknown Palestinian faction. Neither were intercepted, with the IDF claiming they hit an open area with no casualties.

2 rockets were ...

Oil Prices

OIL MARKETS REACT SHARPLY TO ESCALATING MIDDLE EAST TENSIONS

📈 WTI CRUDE IS NOW FORECAST TO HIT $94.10 BY YEAR-END, UP OVER $21 IN A WEEK, ACCORDING TO KALSHI MARKETS.

THE JUMP FOLLOWS IRAN’S CANCELLATION OF NUCLEAR TALKS WITH THE U.S., CITING ISRAELI AIRSTRIKES. WITH TENSIONS RISING, MARKETS ARE PRICING IN THE RISK OF REGIONAL ESCALATION AND POTENTIAL DISRUPTION TO OIL FLOWS THROUGH THE STRAIT OF HORMUZ, A KEY ROUTE FOR 20% OF GLOBAL OIL.

ANALYSTS WARN THAT A FULL CLOSURE OF THE STRAIT COULD PUSH PRICES ABOVE $120–$150 PER BARREL. ...

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