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December 06, 2023
Article 99

📢 🇺🇳 🇮🇱 Guterres urges Security Council to act over Israel-Palestine crisis as threat to international peace and security

🔶️ Invoking a rarely used article of the UN Charter, Secretary-General António Guterres on Wednesday called on the Security Council to “press to avert a humanitarian catastrophe” in Gaza and unite in a call for a full humanitarian ceasefire between Israel and Palestinian militants.

🔶️ Mr. Dujarric explained that the UN chief was taking the step “given the scale of the loss of human life in Gaza and Israel, in such a short amount of time”.

🔶️ Mr. Guterres said there is simply no effective protection for civilians and nowhere is safe.

🔶️ “Hospitals have turned into battlegrounds”, he added, saying that amid the constant bombardment of all parts of Gaza “and without shelter or the essentials to survive, I expect public order to completely break down soon”.

🔶️ Turning to the 15 November Council Resolution 2712, he said the current conditions were making it impossible to scale up humanitarian supplies, to meet the huge needs of civilians – as the resolution demands.

🔶️ “We are simply unable to meet those in need inside Gaza”, he wrote, and facing “a severe risk of collapse of the humanitarian system.”

🔶️ The consequences of that have irreversible implications for Palestinians and the peace and security of the entire region, he argued.

🔶️ “Such an outcome must be avoided at all cost. The international community has a responsibility to use all its influence to prevent further escalation and end this crisis.

🔶️ “I reiterate my appeal for a humanitarian ceasefire to be declared. This is urgent. The civilian population must be spared from greater harm.”

🔶️ He stressed that with a ceasefire, there was hope “and humanitarian assistance can be delivered in a safe and timely manner”.

https://news.un.org/en/story/2023/12/1144447

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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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