Oil prices rebounded last week after the largest weekly decline since March, easing concerns about high-interest rates and their impact on global demand.
A normalisation of Saudi-Israeli relations would likely freeze recent moves toward detente between Saudi Arabia and Iran. / Photo: Reuters Archive
The surge in oil prices reversed last week's downward trend — the largest weekly decline since March — in which Brent fell about 11 percent and WTI retreated more than 8 percent amid concerns about high-interest rates and their impact on global demand. The eruption of violence threatens to derail US efforts to broker a rapprochement between Saudi Arabia and Israel, in which the kingdom would normalise ties with Israel in return for a defence deal between Washington and Riyadh.Saudi officials had reportedly told the White House on Friday that they were willing to raise output next year as part of the proposed Israel deal.
The attacks drew condemnation from Western nations but were openly praised by Iran and by Hezbollah, Iran's allies in Lebanon.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Israel-Hamas conflict live updates: Israel declares war as death toll in Israel, Gaza passes 900Israeli forces responded to unprecedented attacks by Hamas militants from Gaza. Hezbollah said it attacked Israeli targets near the Lebanon border.
Consulte Mais informação »
Israel-Hamas conflict live updates: Netanyahu declares war after Hamas attackThis is additional taxonomy that helps us with analytics
Consulte Mais informação »
'We are being slaughtered': Israelis cry for help as Hamas militants break into homesVideo shows Hamas attacking Israel, pulling Israeli soldier from tank\nHamas surprise attack on Israel
Consulte Mais informação »
Hamas terrorism in Israel: Western leaders 'strongly condemn' attacksVideo shows Hamas attacking Israel, pulling Israeli soldier from tank\nHamas surprise attack on Israel
Consulte Mais informação »