Page 28 - Middle East

IEA raises 2024 oil demand forecast again, this time by 180,000 bpd

IEA predicts that global oil consumption will rise by 1.24 million barrels per day (bpd) in 2024, compared with OPEC's 2.25 million bpd projection

Syria faces airstrikes likely conducted by Jordan's air force, 9 killed

An airstrike on southern Syria early Thursday killed at least nine people and was probably carried out by Jordan's air force, Syrian opposition activists said, the latest in a series of strikes in an area where cross-border drug smugglers have been active. There was no immediate confirmation from Jordan on the strike that hit the province of Sweida, The Britain-based Syrian Observatory for Human Rights, an opposition war monitor, said nine people, including two children and at least three women, were killed in the strike on the village of Orman. The head of the Observatory, Rami Abdurrahman, said the people killed had nothing to do with smuggling, suggesting that the Jordanian air force might have received incorrect intelligence from local residents. Smugglers have used Jordan as a corridor over the past years to smuggle highly addictive Captagon amphetamines out of Syria, mainly to oil-rich Arab Gulf states. The Jordanian authorities have managed to stop several smuggling attempts

Maersk sends two container ships carrying goods for US army through Red Sea

With a fleet of 20 smaller container vessels, the unit ships goods for U.S. agencies including the Department of Defense, State Department and USAID, Maersk said

Right time for Israel to scale back military offensive in Gaza: White House

The White House said on Sunday that it's the right time for Israel to scale back its military offensive in the Gaza Strip, as Israeli leaders again vowed to press ahead with their operation against the territory's ruling Hamas militant group. The comments exposed the growing differences between the close allies on the 100th day of the war. Also Sunday, Israeli warplanes struck targets in Lebanon following a Hezbollah missile attack that killed two Israeli civilians an older woman and her adult son in northern Israel. The exchange of fire underscored concerns that the Gaza violence could trigger wider fighting across the region. The war in Gaza, launched by Israel in response to the unprecedented October 7 attack by Hamas, has killed nearly 24,000 Palestinians, devastated vast swaths of Gaza, driven around 85 per cent of the territory's 2.3 million residents from their homes and pushed a quarter of the population into starvation. Speaking on CBS, White House National Security Coun

Houthi rebels fire missile at US warship, first after American-led strikes

Yemen's Houthi rebels fired an anti-ship cruise missile toward an American destroyer in the Red Sea on Sunday, but a US fighter jet shot it down in the latest attack roiling global shipping amid Israel's war with Hamas in the Gaza Strip, officials said. The attack marks the first US-acknowledged targeting by the Houthis since America and allied nations began strikes Friday on the rebels following weeks of assaults on shipping in the Red Sea. The Houthis have targeted that crucial corridor linking Asian and Mideast energy and cargo shipments to the Suez Canal onward to Europe over the Israel-Hamas war, attacks that threaten to widen that conflict into a regional conflagration. The Houthis, a Shiite rebel group allied with Iran, did not immediately acknowledge the attack. The Houthi fire targeted the USS Laboon, an Arleigh Burke-class destroyer operating in the southern reaches of the Red Sea, the U.S. military's Central Command said in a statement. The missile came from near Hodeid

US retailer Target sees disruption of India supplies due to Red Sea crisis

Many retailers around the globe are stocking up on goods and seeking air or rail alternatives in a bid to avoid empty shelves during spring

US sanctions Hong Kong, UAE firms over 'financial support' to Houthi rebels

The two companies sanctioned by the US Treasury Department on Friday were Hong Kong-based Cielo Maritime and UAE-based Global Tech Marine Services

Gold prices surge on Middle East tensions, Federal Reserve rate-cut bets

Bullion was mostly flat on the week, but extended its run above the $2,000 level to nearly a month. U.S. gold futures settled 1.6% higher at $2,051.60

Who are Yemen-based Houthis, attacked by US, UK over Red Sea tensions

Yemen strikes: US President Joe Biden and UK Prime Minister Rishi Sunak termed the air and sea strikes against Houthi military targets in war-raged Yemen as "acts of self defence"

Blinken sees path to Gaza peace, reconstruction after his West Asia tour

US Secretary of State Antony Blinken wrapped up his latest urgent Mideast tour on Thursday in talks with Egyptian President Abdel Fattah el-Sissi as American officials claimed modest success in getting wide regional support for planning for reconstruction and governance in Gaza after Israel's war with Hamas ends. Blinken secured buy-in from previously reluctant Arab and Muslim nations to begin such planning in discussions with the leaders of Turkey, Jordan, Qatar, the United Arab Emirates, Saudi Arabia and Bahrain over the weeklong mission, his fourth to the Middle East since the war began in October. Each country along with Greece, which Blinken also visited pledged to participate in the general planning, although precise contributions have yet to be determined. On our previous trips here, I think there was a reluctance to talk about some of the day-after issues in terms of long-term stability and security on a regional basis, Blinken told reporters at Cairo's airport after his .

A complex region encounters bigotry and prejudice

Robert Kaplan's latest book aims to offer a fresh survey of the 'Greater Middle East', but in doing so, it grossly simplifies complex political issues, reflecting American interests and prejudices

Israel taps top legal minds, a Holocaust survivor, to battle genocide claim

Israel is sending top legal minds, including a Holocaust survivor, to The Hague this week to counter allegations that it is committing genocide against Palestinians in Gaza. The robust engagement with the International Court of Justice is unusual for Israel, which normally considers the United Nations and international tribunals as unfair and biased. The decision to participate rather than boycott reflects Israeli concerns that the judges could order Israel to halt its war against Hamas and tarnish its image internationally. Israel cannot run away from an accusation that is so serious, said Alon Liel, a former director general of Israel's Foreign Ministry and a former Israeli ambassador to South Africa. Israel, which as one of the parties in the case is entitled to send a judge, has tapped a former Israeli Supreme Court chief justice to join the court's 15 regular members who will rule on the accusation. It has also enlisted a British barrister and lauded international law expert as

India-Oman to begin next round of free trade discussions from Jan 16

The next round of talks for the proposed free trade agreement (FTA) between India and Oman will start from January 16 and the negotiations for the pact are progressing well, a senior official said on Tuesday. The talks on the text of most of the chapters have been concluded by both sides for the pact, officially dubbed the Comprehensive Economic Partnership Agreement (CEPA). "The negotiations are progressing well. Two rounds of in-person negotiations and many inter-sessional meetings have already been held. Good progress has been made on all the chapters covered under the CEPA," the official said. On certain media reports that the talks may get delayed, the official said that any talk of hindrances or bottlenecks is "speculative and presumptuous" as the negotiating process is currently underway. Currently, both sides are working towards conclusion of the negotiations with an objective of delivering a mutually beneficial agreement contributing to the welfare and development of the .

Blinken rallies Mideast leaders to prepare for Gaza's post-war future

U.S. Secretary of State Antony Blinken said Monday that four key Arab nations and Turkey have agreed to begin planning for the reconstruction and governance of Gaza once Israel's war against Hamas ends. Blinken, who is on an urgent Mideast mission aimed primarily at preventing the conflict from spreading as fears rise of a regional war, said Saudi Arabia, Jordan, Qatar, the United Arab Emirates and Turkey would consider participating in and contributing to day after scenarios for the Palestinian territory, which has been devastated by three months of deadly Israeli bombardment. Those countries had previously resisted U.S. calls for post-war planning to begin, insisting that there must first be a cease-fire and a sharp reduction in the civilian suffering caused by Israel's military response to Hamas' deadly October 7 attacks. On what is his fourth trip to the Mideast since the war began in October, Blinken said those countries were now open to such planning and that each would consid

With every strike, Israel, US, and Iran's allies inch closer to all-out war

In the last week alone, Israel has killed a senior Hamas militant in an airstrike in Beirut, Hezbollah has fired barrages of rockets into Israel, the US has killed a militia commander in Baghdad and Iran-backed rebels in Yemen have traded fire with the American Navy. Each strike and counterstrike increases the risk of the already catastrophic war in Gaza spilling across the region. And in the decades-old standoff pitting the US and Israel against Iran and allied militant groups, any one party could choose all-out war over a loss of face. The divisions within each camp add another layer of volatility: Hamas might have hoped its October 7 attack would drag its allies into a wider war with Israel. Israelis increasingly talk about the need to change the equation in Lebanon, even as the US aims to contain the conflict. As the intertwined chess games grow ever more complicated, the potential for miscalculation rises. GAZA IS GROUND ZERO Hamas says the October 7 attack that triggered the

Oil prices rise as Blinken begins week-long sweep through the Middle East

Shipping giant Maersk said it will divert all vessels away from the Red Sea for the foreseeable future, warning customers of disruptions

Oil prices rise ahead of US Secretary of State Blinken's visit to West Asia

At its intra-day peak, the US West Texas Intermediate crude futures contract traded more than $1 above previous close

Blinken heads to Mideast again as fears of regional conflict surge

As the Biden administration grapples with an increasingly tense and unstable situation in the Middle East, Secretary of State Antony Blinken is heading to the region this weekend for the fourth time in three months on a tour expected to focus largely on easing resurgent fears that the Israel-Hamas war could erupt into a broader conflict. With international criticism of Israel's operations in Gaza mounting, growing US concerns about the end game, and more immediate worries about a recent explosion in attacks in the Red Sea, Lebanon, Iran and Iraq, Blinken will have a packed and difficult agenda. He leaves just days after a suspected Israeli attack killed a senior Hamas leader in Beirut and, while a White House spokesman said "nobody should be shedding a tear" over his death, it could further complicate Blinken's mission. "We do not expect every conversation on this trip to be easy," State Department spokesman Matthew Miller said. "There are obviously tough issues facing the region and

103 killed, 188 wounded in bombing near grave of slain Iran general

Iranian state TV and state-run IRNA news agency quoted emergency officials for the casualty figures, which rose rapidly in the hours after the explosions

Saudi fund outpaces Singapore's GIC with $31.6 billion splurge: Global SWF

That was higher than the $20.7 bn it invested the previous year, an increase that contrasts with a wider trend - globally state-owned investors deployed $124.7 bn, about a fifth less than prior year