West Texas Intermediate (WTI) ended a four-day losing streak, trading around $72.50 per barrel on Wednesday. The benchmark crude oil is getting support from rising concerns about supply constraints due to ongoing geopolitical tensions in the Middle East. Hamas named Yahya Sinwar as its new leader in Gaza following the assassination of former chief Ismail … Read more
West Texas Intermediate (WTI) inched higher to near $76.50 per barrel in Friday’s Asian trading, with the price of crude oil finding support from supply risks arising from heightened geopolitical tensions in the Middle East, despite ongoing global demand concerns. Markets are closely watching Iran’s reaction to the assassination of Hamas leader Ismail Haniyeh. According … Read more
Prices for US crude oil West Texas Intermediate (WTI) struggle to capitalise on the previous day’s strong move up and oscillating in a narrow range in early European trading on Thursday. The commodity currently trades around the $78.00 mark, with bulls awaiting a sustained strength beyond the 200-day Simple Moving Average (SMA) before positioning for … Read more
Yahya Sinwar, the Hamas leader in Gaza, was imprisoned by Israel for 23 years before rising to a leadership role in the militant group. He made a speech in December 2022 promising a fierce strike against Israel, which was carried out less than a year later in an assault that killed 1,200 people. Sinwar had a history of punishing collaborators with Israel and has been devoted to the destruction of Israel and killing Jews.
Stocks and the euro were steady ahead of an European Central Bank meeting on Thursday, after stubborn U.S. inflation numbers triggered the biggest global market selloff in months and left Japan’s yen at a new 34-year low.
Three sons of Hamas leader Ismail Haniyeh, along with three grandchildren, were killed in an Israeli airstrike in the Gaza Strip.