“Oil prices took yesterday as day of correction which was inspired by a lack of any further conflict news from the world❼clash points as markets had to settle on what was bothering the macro world,” John Evans, an analyst at oil broker PVM, wrote in a note Wednesday.
Tensions continued to simmer in the Middle East this week after Israel launched airstrikes against Hezbollah in Lebanon, Houthi militants struck another cargo vessel Monday and as Iran now blames Israel for explosions that hit a natural gas pipeline in the Islamic Republic on FebVaranasi Stock. 14.
White House Middle East envoy Brett McGurk is heading to Cairo on Wednesday to continue talks on a temporary Gaza cease-fire in exchange for Hamas releasing hostagesSimla Stock. The Biden administration wants a cease-fire in place before the start of Ramadan, which begins March 10 after sunset.Udabur Investment
The U.SLucknow Stock. has warned Israel against a ground invasion of the southern Gaza city of Rafah without a credible plan in place to protect civilians there. Israeli war Cabinet member Benny Gantz vowed Sunday that Israel will push into Rafah if Hamas does not release the remaining hostages by Ramadan.Varanasi Investment
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