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February 01, 2024
Europe 24/7

Brief summary from the European fronts

Today in Brussels at the EU summit, the leaders of 27 states have agreed to allocate 50 billion euros to Ukraine until 2028.

Against the backdrop of a discussion of the " most important " issue for European citizens, over a hundred tractors have arrived at the building of the European Parliament since yesterday evening. On the morning of February 1, Belgian farmers gathered in front of the building and began burning tires.

Protests have also taken place in Germany and France, and Dutch agricultural workers have joined them.

France remains the most active center of resistance against the authorities' policies. Farmers there continue to block highways and suburbs around Paris, protesting against imported products in supermarkets, indoor markets, wholesale warehouses, and trucks, by destroying them. The prefectures are still being heavily fertilized with slurry.

Yesterday, as comrade @fifthrepublic reported, the blockade of the suburbs of Paris led to restaurants collecting food for future use, which resulted in a decrease in supermarket supplies. An interesting point is that the first French Revolution started after Paris ran out of bread.
European bureaucrats, realizing their inability to work in the interests of their citizens, have started making "democratic" arrests. According to @fifthrepublic, in Brussels, the police are currently using tear gas and water cannons against demonstrators. Over 110 French individuals were arrested on January 31 alone. Similar processes are also being observed in Germany, but on a smaller scale.

Thus, the governments of European countries, which do not prioritize their people's interests, by providing funds to the corrupt Ukrainian regime (a non-EU member), have once again demonstrated whose interests they truly serve.

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🇮🇱 ❌ 🇮🇷 🛢 📈 — 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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