Oil prices have been trading down in Monday's session despite the renewed threat of this escalating into a regional war
The fate of senior Hezbollah leader Ali Karaki, the head of the southern front, remains unknown after he was targeted by an Israel i strike Monday evening on the southern suburbs of Lebanon ’s capital. At least 274 people, including 39 women and 21 children, have been killed and 1,024 wounded in Israel i attacks on Lebanon , the country’s Health Ministry has revealed, as reported by Al Jazeera.
“There is great concern about… the possibility of an escalation in the region leading to an all-out regional war,” Abdelatty told AFP at UN headquarters, adding that the latest spike in violence had “negatively impacted” ceasefire negotiations. The latest oil price decline could reverse recent gains. Last week, oil prices climbed by the biggest margin in six weeks, in a week marked by the Federal Reserve's decision for a large interest rate cut and a new spike in tensions in the Middle East.
Hamas Lebanon Hezbollah Oil Oil Prices War
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Citi Reiterates $60 Oil Price Forecast Amid 'Bearish Trend'Citibank warns of a potential oil price crash to $60 per barrel in 2025 if OPEC does not implement additional production cuts.
Read more »
UK markets close lower amid weak US trading and oil price slumpThe FTSE 100 finished 65.38 points, or 0.78%, lower to end the day at 8,298.46.
Read more »
Macquarie Sees 'Heavy Surplus' for Oil in 2025, Cuts Oil Price ForecastWeaker-than-expected demand is set to tip the oil market into a surplus over the next five quarters, Macquarie said in a Friday note
Read more »
API Sounds Alarm on Gulf Oil Production Amid Endangered Species RegulationThe American Petroleum Institute API warns that a court-mandated deadline for revising regulations on endangered species could disrupt oil and gas production in the Gulf of Mexico.
Read more »
Net Zero can’t be a race to bottom amid closure of Grangemouth oil refineryRecord View says Holyrood and Westminster must now work together to work out how we reach net zero without creating a jobs desert.
Read more »
Oil Production Starts at Norwegian Field Amid Court Battle Over Its ApprovalOil production has started at the Tyrving field even as the government appeals a court ruling that questioned the environmental impact assessment of the project.
Read more »