Argentina to move embassy in Israel to Jerusalem next year
Argentina will relocate its embassy in Israel from Tel Aviv to Jerusalem in 2026, President Javier Milei announced during a speech to the Knesset, the Israeli parliament, on Wednesday.
"We want to honour the historic friendship that unites our peoples and strengthens the commercial and diplomatic ties between us," Milei was quoted as saying by Israeli media.
The Argentine president has been on a state visit to Israel since Monday evening and is seen as a close ally of the country.
The relocation of embassies to Jerusalem remains internationally controversial, as it is widely viewed as a potential endorsement of Israel's claim over the entire city, including East Jerusalem.
Israel captured East Jerusalem during the 1967 Six-Day War and claims the whole city as its capital. The Palestinians seek East Jerusalem as the capital of a future independent state.
Only a few countries have aligned with Israel's position. The United States moved its embassy to Jerusalem in 2018 under President Donald Trump, and the decision was upheld by his successor Joe Biden.
Since then, Guatemala, Honduras, Paraguay, and Papua New Guinea have followed suit. Kosovo, which established diplomatic relations with Israel in 2021, also opened its embassy in Jerusalem that year.

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CNBC
31 minutes ago
- CNBC
An Israeli attack on Iran could send oil prices above $100 as tensions mount
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The jury is still out as to whether the moves are a pressure play ahead of upcoming U.S.-Iran nuclear talks, or whether the U.S., Israel and Iran are truly on the verge of conflict. The geopolitical risk premium is "already at least partially reflected in current oil prices," according to J.P. Morgan's global commodities research team, citing Brent crude trading at just under $70 a barrel, already above its model-derived fair value figure of $66 for June. "This suggests an elevated 7% probability of a worst-case scenario, where the price reaction is exponential rather than linear, with the impact on supply potentially extending beyond a 2.1 mbd (million barrels per day) reduction in Iranian oil exports," the bank's research team wrote in a note published Thursday. Iran is OPEC's third-largest crude producer. 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Without the geopolitical risk premium — namely, a conflict with Iran — Young still sees crude coming up to the $80 to $85 per barrel range, particularly in the event of trade deals being reached and Trump's tariffs being lowered. The outlook is boosted by this month's forecast from the U.S. Energy Information Administration, which sees a decline in U.S. oil production for the first time since the Covid-19 pandemic due to slower drilling activity and a declining rig count. Such bullish forecasts are certainly not the norm, however. Without a military attack on Iran, J.P. Morgan's base case for oil "remains in the low-to-mid $60s oil for the remainder of 2025, and $60 in 2026." Goldman Sachs also maintains an oil price forecast in the $50 to $60 per barrel range for this and next year, despite noting an improving demand picture, downside risks to U.S. supply and geopolitical tensions. 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Axios
32 minutes ago
- Axios
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New York Post
44 minutes ago
- New York Post
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