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Following a few days of negotiation, Hamas laid out a series of demands, which includes the exchange of hostages from both parties and rebuilding Gaza. In addition, the armed group demands for a full withdrawal of Israeli forces and an end to the war after 3 phases of 45-day truce.
The group’s demand is in response to an Israeli-backed ceasefire proposal that is being mediated by Qatar and Egypt. Israel, however, turned down the cease-fire plan. Benjamin Netanyahu, the prime minister of Israel, promised to carry out their work for “as long as necessary.”
The rejection came a day after US launched a series of retaliatory attacks following the death of three American soldiers in Jordan. US launched drone strike in Iraq’s capital, killing a commander of Iran-backed Hezbollah group.
(US WTI Hourly Chart)
Broadening conflict in the Middle East and ceasefire talks which garnered no progress pushed oil prices higher, rising more than 3% yesterday. Likewise, continued maintenance of US refineries, combined with the European diesel scarcity, has contributed to the positive sentiment, and driven up oil prices.
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Ultima Markets, a trading name of Ultima Markets Ltd, is authorized and regulated by the Financial Services Commission "FSC" of Mauritius as an Investment Dealer (Full-Service Dealer, excluding Underwriting) (license No. GB 23201593). The registered office address: 2nd Floor, The Catalyst, 40 Silicon Avenue, Ebene Cybercity, 72201, Mauritius.
HuaPrime EU Ltd, registered number HE423188, and with a business address at Georgiou Griva Digeni 122A, Kallinicos Court, Shop 1—Upper level, Neapolis, 3101 Limassol, Cyprus, is regulated by the Cyprus Securities and Exchange Commission, which has CIF license number 426/23.
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