Post
Topic
Board Politics & Society
Re: Can Israeli - Palestinian conflict worsen the crisis?
by
serveria.com
on 09/10/2023, 06:40:38 UTC
the Palestine terrorist.
I wonder if anybody dares call people of Ukraine terrorists?
After all Ukrainians are doing the same thing as Palestinians do, they've picked up arms and are attacking the invaders who are occupying their homes.
Although the difference is that Russia is only occupying Ukraine while Zionists are committing genocide in Palestine...

Good point, I guess it's "double standards" as always.

Meanwhile, oil prices reacted to the news exactly as I predicted:

Quote
Oil prices surged after the conflict between Israel and Hamas intensified, and traders are watching for spillover effects on oil supply in the region. Futures for Brent crude, the global benchmark, rose about 3.4% to $87.43 a barrel, and West Texas Intermediate crude futures climbed 3.9% to $85.99 a barrel on Monday.

The moves were a knee-jerk response from the market, said Kelvin Yew, a senior oil trader at the commodity-trading firm Ocean Leonid Investments. “There is very little oil production in that region, but the market is pricing in the possibility of an escalation,” Yew said. Iranian security officials helped plan Hamas’s attack on Israel, The Wall Street Journal has reported. That support has led the market to price in contagion risks, including the possibility of legislation being enacted in the U.S. to stop lifting sanctions on Iran, Yew added.

https://www.wsj.com/livecoverage/israel-hamas-gaza-rockets-attack-palestinians/card/oil-futures-surge-on-concern-israel-hamas-conflict-to-escalate-vrWPAJ6xNvZARrQfbQYl

There are reports of some airstrikes by Israeli airforce on the residential areas in Gaza, as a result 436 civilians, including 91 children reported dead.