Iran’s missile attack on Israel is testing widely held bearish views on oil prices, with the strike raising concerns over potential supply disruptions from the Middle East should tensions increase further. Prime Minister Benjamin Netanyahu has threatened to retaliate to the barrage, and there’s a risk that could spur a tit-for-tat escalation. Brent crude surged…
China called on Israel to take immediate actions to de-escalate tensions in the Middle East and issued a security alert asking its citizens to avoid travel to Lebanon as the killing of Hezbollah’s leader has driven the two sides closer to a full-scale war. The warnings come after Hassan Nasrallah, the long-time leader of Iran-backed…
New Delhi: Israeli Prime Minister Benjamin Netanyahu on Saturday confirmed that he personally authorised the operation to eliminate Hezbollah leader Hassan Nasrallah in Beirut. The 64-year-old Nasrallah was killed as Israeli strikes targeted dozens of Hezbollah sites in eastern and southern Lebanon following intense rocket fire by the group into northern Israel. Israeli jets bombarded…
Lebanon’s leadership warned that the risk of further violence and escalation is extremely high following two days of attacks involving exploding communications devices across the country. The next 48 hours, ministers told CNBC Thursday, will be particularly dangerous. On Tuesday and Wednesday, thousands of communications devices — including pagers and two-way radios — used by…