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Clash

🇺🇳🇮🇱🇵🇸 UN demand for Gaza cease-fire provokes strongest clash between US and Israel since war began

The United Nations Security Council on Monday issued its first demand for a cease-fire in Gaza, with the U.S. angering Israel by abstaining from the vote. Israel responded by canceling a visit to Washington by a high-level delegation in the strongest public clash between the allies since the war began.

Prime Minister Benjamin Netanyahu accused the U.S. of “retreating” from a “principled position” by allowing the vote to pass without conditioning the cease-fire on the release of hostages held by Hamas.

The resolution was approved 14-0 by the 15-member council after the U.S. decided not to use its veto power on the measure, which also demanded the release of all hostages taken captive during Hamas’ Oct. 7 surprise attack in southern Israel. The chamber broke into loud applause after the vote.

The U.S. vetoed past Security Council cease-fire resolutions in large part because of the failure to tie them directly to the release of hostages, the failure to condemn Hamas’ attacks and the delicacy of ongoing negotiations. American officials have argued that the cease-fire and hostage releases are linked, while Russia, China and many other council members favored unconditional calls for cease-fires.

🔗 https://apnews.com/article/un-gaza-ceasefire-resolution-vote-ramadan-b7985fede65e5477aba2c8d2e62a6632?taid=660199409876060001c71ab7

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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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