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November 08, 2024
There Will Be War

🇺🇸🇮🇱 Trump will give Israel ‘blank check’ which may mean all-out war with Iran, says ex-CIA chief

Donald Trump will as president give Benjamin Netanyahu a “blank check” in the Middle East, possibly opening the way for all-out war between Israel and Iran, the former CIA director and US defense secretary Leon Panetta predicted.

“With regards to the Middle East, I think he’s basically going to give Netanyahu a blank check,” Panetta said of Trump, who won the presidential election this week and will take office again in January.

“‘Whatever you do, whatever you want to do, whoever you want to go after, you have my blessing.’ I mean, he basically said that [before the election].”

Speaking on the One Decision podcast, which he co-hosts with Sir Richard Dearlove, a former head of MI6, the British intelligence service, Panetta also said he expected Trump to favour allowing Russia to retain control of areas of Ukraine held since its invasion two years ago.

https://www.theguardian.com/us-news/2024/nov/07/trump-blank-check-netanyahu-war-iran-panetta

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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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