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WAR!!

🇮🇱❌🇮🇷 Israel’s leaders believe they now have a once-in-a-generation opportunity to reshape the Middle East, one that goes well beyond pulverizing Hamas and Hezbollah.

Even before Israel launched what it described as a “limited” ground offensive into Lebanon Tuesday, Israeli Prime Minister Benjamin Netanyahu made clear that his ultimate target in the regional power shift is to undermine the authority of Tehran’s clerical leadership, defanging the Iranians who are the bankrollers, trainers and supposed protectors of both Hamas in Gaza and the Lebanese Shi’ite militia Hezbollah.

In an address in English on Monday, Netanyahu promised the “noble Persian people” that the day when they were free of rule by “tyrants” and could have peace with Israel would come “a lot sooner than people think.”

“There is nowhere in the Middle East Israel cannot reach,” he warned ominously.

For Iran, that will not sound like idle posturing. Israel is not just fighting Tehran by smashing its allies and proxies — such as Hezbollah in Lebanon and the Houthis in Yemen — but is showing its supremacy both in terms of technology and espionage on Iranian soil.

Ground offensive in Lebanon. On Tuesday Israel made it clear it won’t stop there.

Netanyahu’s once electorally fatal opinion poll numbers are rising since Nasrallah’s assassination, meaning there’s every political inducement for him to prolong the offensive and ignore repeated cease-fire calls from Western allies and aid groups, who fear a humanitarian crisis worsening in Lebanon.

“The elimination of Nasrallah is a very important step, but it is not the final one,” Gallant told troops serving with the army’s Golani Brigade. “We will employ all the capabilities at our disposal, and if someone on the other side did not understand what those capabilities entail, we mean all capabilities.”

U.S. officials believe the Israeli incursion will be limited, targeted and not as extensive as 2006, which triggered a short but fierce war that hurt both sides. But there remain fears in Washington of an Iranian attack against Israel, prompting some U.S. forces being moved “to defer and defend as necessary.” And there are worries of Israeli overreach.

It isn’t only domestic political logic driving Netanyahu — but military rationale, too. “The military incentives for Israel are to continue,” observed Matthew Savill of Britain’s Royal United Services Institute, a think tank, speaking before the incursion.

“It has destroyed Hezbollah’s senior leadership, compromised its ability to coordinate and has the initiative. In spite of the risks a ground incursion would face, the long-range threat from ballistic missiles, and the stretched nature of current IDF operations, it is possible to imagine that many would argue there will never be a better time to go into southern Lebanon to destroy Hezbollah’s military infrastructure there,” he added.

🔗 https://www.politico.eu/article/target-iran-israel-seizes-reshapes-middle-east-hamas-hezbollah-tehran/

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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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