Bloomberg Surveillance TV: July 23rd, 2025
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Yahoo
4 minutes ago
- Yahoo
Speaker Mike Johnson visits occupied West Bank to support Israeli settlers
Mike Johnson became the highest ranked US official to visit the occupied West Bank on Monday, the Republican House speaker drawing measures of praise and condemnation for his trip in support of Israeli settlements amid a worsening starvation crisis in Gaza. The excursion followed Johnson's arrival in Israel on Sunday on an unannounced visit with other Republican lawmakers, and his meeting with Israeli defense minister Israel Katz and foreign minister Gideon Saar. Johnson's visit to the West Bank is the highest profile by a senior US political figure since then secretary of state Mike Pompeo went to Psogat in November 2020 during the final months of Donald Trump's first presidency. It is a private trip hosted by a pro-Israel advocacy group, an Axios report said, and not an official congressional delegation. The outlet said Johnson traveled with fellow Republican representatives Michael McCaul, Nathaniel Moran and Michael Cloud of Texas, and Claudia Tenney of New York. Johnson told Israeli settlers on Monday that Israel was the 'rightful owner' of the contested Palestinian territory, according to a report published on the pro-Palestinian website Common Dreams, and separately, Marc Zell, chair of Republicans Overseas Israel. Common Dreams quoted Johnson as saying that 'the mountains of Judea and Samaria are the rightful property of the Jewish people' and that the territory was at 'the front line of the state of Israel, and must remain an integral part of it'. 'Even if the world thinks otherwise, we stand with you,' he reportedly added, an apparent reference to recent proclamations by France and the UK that they would recognize a Palestinian state if Israel did not commit to a ceasefire in Gaza. His visit was immediately condemned by the Palestinian foreign ministry, which issued a statement calling Israel's annexation of the West Bank a 'blatant violation of international law'. Johnson's stance in support of the settlers, it said, 'undermines Arab and American efforts to stop the war and [the] cycle of violence, while flagrantly contradicting the declared US position on settlements and settler violence'. According to a post on X by Zell, Johnson also said the US should use the 250th anniversary of its independence next year 'to remind the American people of its Judeo-Christian foundations that were formed here in the land of Israel'. Johnson's trip comes as pressure builds on Israeli prime minister Benjamin Netanyahu over the growing hunger crisis in Gaza, which some critics have called a genocide orchestrated by Israel. It also comes shortly after a Palestinian American from Florida was killed in the West Bank by Israeli settlers while visiting family. The Trump-appointed ambassador to Israel, Mike Huckabee, called the killing a 'terrorist attack'. Johnson is expected to meet Netanyahu before returning to the US on Sunday. Solve the daily Crossword
Yahoo
4 minutes ago
- Yahoo
Oil prices fall on Trump's India tariff threats, OPEC+ output
Oil prices (CL=F, BZ=F) are under pressure on Monday after US President Trump threatened to raise tariffs on India due to its purchase of Russian oil and OPEC+ lifted production numbers. Yahoo Finance Senior Reporter Ines Ferré outlines what investors need to know. To watch more expert insights and analysis on the latest market action, check out more Market Domination. Oil futures are sliding this coming against the backdrop of OPEC plus hiking oil production and potential supply disruptions linked to Russia. For more, bring in Yahoo Finance senior market reporter, Ines Ferre. Ines. Yeah, Josh, we saw Brent today down more than 1 and a half percent, and WTI also down almost 2%. This is because of that September output hike from OPEC Plus. Now, Goldman Sachs says that they do not expect any more hikes from OPEC Plus. This pretty much now unwinds the 2.2 million barrels per day, those voluntary cuts that they had installed over the last couple of years. So, for now, this should be the last output hike. As far as Brent futures are concerned and where they're going for the rest of the year, well, Goldman Sachs is saying that they're going to go lower. They're predicting $64 per barrel for Brent by the fourth quarter of this year. So we're about $4 away from that. And also, as far as 2026 is concerned, they're predicting that Brent is going to go down to $56 per barrel. They're talking about more supply coming into the market with non-OPEC members that have new production coming on, like US shale, like Brazil, also Norway, as well. So that really limits the amount of more output hikes that OPEC Plus could do without creating a surplus, Josh. And Ines, we also saw some headlines about India's oil purchases from Russia. What can you tell us about that? Yeah. So, well, President Trump has really been pressuring India to stop purchasing oil from Russia. Essentially, basically saying that they are funding Russia, Russia's initiatives in Ukraine, in the war in Ukraine. So, Trump saying that he will substantially increase tariffs on India. But Indian Prime Minister Modi has said they're going to continue buying Russian oil. He also said that Indians should purchase domestic products. I will say that what Wall Street is looking at is if Russian production were to somehow be compromised, or if that would be decreased, then you would see an upside risk to oil prices. In this case, India is kind of stuck in this sort of push that Trump has been doing in order to end the war in Ukraine, and him using tariffs and pointing to oil purchases because India has been a big buyer of Russian oil since the war in Ukraine started. All right. Thank you, Ines. Appreciate it.
Bloomberg
7 minutes ago
- Bloomberg
FDA Chief Says He Wants Gene Therapy Head Prasad to Return
By and Skylar Woodhouse Save US Food and Drug Administration Commissioner Marty Makary said he's trying to persuade Vinay Prasad, the agency's former head of gene therapy and vaccines, to return to the FDA after his abrupt departure last week. Makary told reporters Monday that media reports suggesting that Prasad was fired after intervention from the White House are 'simply untrue.' He 'didn't want to be a distraction,' Makary said.
