The concern has been that this conflict in israel, between israel and hamas would lead to a widening Global Crisis that would threaten the Global Oil Supply and thats why we have seen these crude Oil Prices Rise in the last week, rising up 7. 5 , marking its biggest weekly rise since february. This morning we are seeing that we can to steady and there are a couple of reasons why there are a couple of reasons why the market is changing its tune is one of them is Bank Earnings which we pointed out on the other is present by the s planned a visit to israel. We can start with President Biden and his visit comes at a crucial type and is being taken by investors as a signal that the crisis might see efforts to be contained. We are seeing that temperance not only in the price of crude oil but also with investors pulling back slightly from some of the safe haven assets, things like cold gold and stable currencies and treasury bonds. When we get to the big Bank Earnings, this is earning season
Middle east was between saudi arabia and iran and it looked like they would come up against each other but instead they fought proxy wars in yemen especially. Theres been a rapprochement between them recently and the military itself, it is huge, but if you look back, things have changed and look at the Iran Iraq War in the 805, although they had a massive advantage in terms of the people in the army, they were not able to defeat iraq, 5o people in the army, they were not able to defeat iraq, so i dont think at the moment we are looking at an Iranian Military entering into at an Iranian Military entering into a major conflict. This will be, for now, unless they go to an extraordinary situation which will be a major issue for everyone across the globe. They will look to be using pressure as weve seen with hamas and hezbollah, weve seen an incremental rise in skirmishes on the border between israel and laverton but we are not seeing any major escalation where the Rules Of Engagement have
Destructive israel gaza war, killing over 33,000 palestinians. Speaking at a cabinet meeting, Prime Minister netanyahu said a ceasefire would not be agreed until israeli hostages, captured by hamas in october, were released. Translation the achievements of the war are great. We eliminated 19 out of 2a of the hamas battalions, including senior commanders. We killed, wounded or captured a significant number of hamas terrorists. We purged shifa and many other Terrorist Headquarters as well. We destroyed factories, manufacturing rockets, control rooms, weapons, ammunition, and we continue to systematically destroy what is underground. We are One Step Away From Victory. Israel is not the one preventing a deal. Hamas prevents a deal. Its extreme demands were intended to bring about an end to the war and leave it intact, meaning to ensure its survival, its rehabilitation, its ability to endanger our citizens and our soldiers. Surrendering to hamas demands will allow it to try to repeat the Cr