Latest news with #YoavKatz
Int'l Business Times
2 days ago
- Business
- Int'l Business Times
Oil And Gold Prices Surge Amid Escalating Israel-Iran Tensions
Oil and gold prices soared as escalating conflict between Israel and Iran rattled global markets and raised fears of a broader geopolitical crisis. Brent crude surged nearly 10%, while WTI crude jumped 7.86% to $73.39 per barrel. Simultaneously, gold prices climbed over 1% to $3,445 per ounce, as investors sought safe-haven assets. The market turbulence followed Israeli airstrikes on Iranian nuclear facilities in Natanz and other cities including Tehran, Tabriz, and Kermanshah. Israeli Prime Minister Benjamin Netanyahu called the strikes a "targeted military operation" aimed at dismantling Iran's nuclear and ballistic missile programs. Brent crude neared $78 per barrel during Asian trading, marking one of the sharpest single-day oil price increases in a decade. Analysts cited fears of supply disruptions and Iranian retaliation, especially concerning the Strait of Hormuz—a critical chokepoint for global oil shipments. Gold prices also responded to the uncertainty. Demand spiked as investors shifted away from riskier assets. U.S. gold futures rose 1.4%, reaching a weekly high, highlighting growing concerns about regional instability. In Israel, a state of emergency was declared amid fears of Iranian retaliation. Defense Minister Yoav Katz warned citizens of possible missile and drone attacks. Iranian state media confirmed casualties, including senior commanders, and vowed a forceful response. "They will pay a heavy price," warned an Iranian military spokesperson. Global equity markets also reflected the heightened tensions. European futures such as EuroStoxx and Stoxx 600 declined, and Tokyo's Nikkei 225 index dropped by 1.3%. Investor sentiment remains fragile as the situation unfolds. With fears of a wider regional conflict, energy traders and world leaders are closely monitoring developments. The potential impact on global oil supplies, regional security, and financial markets has raised the stakes. Diplomatic efforts are now critical to de-escalate tensions and stabilize global markets.
Jordan News
04-03-2025
- Politics
- Jordan News
Katz: Egypt is the Largest and Strongest Arab Country, and We Will Not Allow It to Violate the Peace Agreement
Amid rumors and allegations that the Egyptian army is preparing to unexpectedly attack Israel, Israeli Defense Minister Yoav Katz stated that Israel would not allow Egypt to breach or violate the peace agreement. اضافة اعلان Katz said, in a speech yesterday at a ceremony marking the 33rd anniversary of the death of former Prime Minister Menachem Begin, that "Egypt is the largest and strongest Arab country, and it remains so." The Israeli minister, according to Yedioth Ahronoth, noted that the peace treaty "removed Egypt from the circle of war, in a leadership decision that changed the course of history and solidified the position of the State of Israel, and it remains so today." However, he added, "But we will not allow them to violate the peace treaty, and we will not allow them to engage in structural violations. We are dealing with the matter, but the agreement remains in place." Yedioth Ahronoth mentioned that Katz's remarks came in response to rumors circulating among far-right elements on the internet, claiming that Egypt was making military preparations to attack Israel unexpectedly despite the peace treaty. Recently, Egypt and its military have been subjected to attacks by Israeli politicians and officials. On Sunday, Knesset member and leader of the right-wing opposition party Israel Beiteinu, Avigdor Lieberman, stated that the forced relocation of most Palestinians from Gaza to Egypt's Sinai Peninsula was a practical and effective solution. Last week, Israeli opposition leader Yair Lapid suggested, in a speech at the Foundation for Defense of Democracies in Washington, that Egypt should take control of the Gaza Strip for 15 years in exchange for the cancellation of its external debts. -(RT)
Jordan News
22-02-2025
- Politics
- Jordan News
OIC Condemns Netanyahu and Katz's Invasion of Tulkarm Camp - Jordan News
The Organization of Islamic Cooperation (OIC) condemned the invasion of Tulkarm camp by Israeli Prime Minister Benjamin Netanyahu and Defense Minister Yoav Katz. اضافة اعلان According to the official website, the organization stated in a press release on Saturday that this action is an extension of the ongoing Israeli aggression against the Palestinian people. The OIC warned of the dangerous implications of this aggression targeting the camps in the West Bank, as part of attempts to liquidate the Palestinian refugee issue, their presence, and their right to return, by demolishing homes and forcibly displacing them. This constitutes a blatant violation of international law and relevant United Nations resolutions. The organization reiterated its call for the international community to assume its responsibilities, urgently intervene to stop these ongoing Israeli violations and crimes, and hold those responsible accountable.
