Israel-Palestine War Live Updates: Israeli defense minister orders ‘complete siege’ on Gaza Strip with no electricity, food or fuel

Israel Hamas War News: Israel says imposing ‘total’ Gaza blockade in battle against ‘beastly people’

Israel is escalating measures against the Hamas-controlled Gaza Strip to a “total blockade” including a ban on admitting food and fuel, Defence minister Yoav Gallant said on Monday, describing this as part of a battle against “beastly people”

Israel-Palestine War News: Israeli defense minister orders ‘complete siege’ on Gaza Strip with no electricity, food or fuel

Israel-Hamas war: ‘250 dead at site of music festival attacked by Hamas’

Hamas gunmen killed around 250 people who attended an outdoor music festival in an Israeli community near Gaza at the weekend, a volunteer who helped collect the bodies said on Monday. “In the area where the party took place, and at the party itself” it could be estimated that “there were 200-250 bodies,” said Moti Bukjin, a spokesman for the humanitarian NGO Zaka, based on the number of trucks that ferried away the corpses. At least 700 people were killed in southern Israel when Hamas forces stormed across the border, shooting people in the communities and towns near Gaza before security forces began fighting back. (AFP)

India Palestine War News: Thailand coordinating with other countries for hostage release

Thailand is coordinating with other countries with citizens taken hostage during unrest in Israel with a view to facilitating their release, its deputy foreign minister said on Monday. Those include Malaysia, Jordan and Egypt, deputy foreign minister, Jakkapong Sangmanee, told a briefing. (Reuters)

A Kerala woman working as a caregiver in Israel was injured in the ongoing Israel-Hamas conflict on Saturday. According to her family, Sheeja Anand (41) who was working for a family in Israel was injured in a rocket attack. Anand contacted her family after the attack started in Israel and informed them that she was safe. She called her family at noon, the second time, but her call got disconnected while speaking to her family.

‘Carefully monitoring, will handle with maturity’: India on rising crude prices following Israel-Hamas war

India on Monday said it was watching carefully the ongoing conflict between Israel-Hamas and added it would handle its energy needs with “maturity”. “India will handle it with maturity. As far as the energy sector is concerned, the place where the action is taking place is in many respects the centre of global energy. We will watch very carefully,” Union Petroleum Minister Hardeep Singh Puri told reporters in New Delhi. “We will navigate our way through this. These kinds of uncertainties only encourage people to sustainable and cleaner fuel,” Puri added. Global crude oil prices moved in the northward direction on Monday, following the Israel-Hamas war that entered Day 3 with large fatalities on both sides. Brent crude, often considered the global benchmark, soared as high as about 5 per cent before some correction. At present, it is trading 2.53 per cent higher at USD 86.75 per cent. The WTI variant too was similarly high. (ANI)

Israel-Palestine war: Iran denies it had role in Hamas attack on Israel

Iran on Monday rejected as unfounded allegations it had a role in the massive assault on Israel by the Palestinian Islamist group Hamas. “The accusations linked to an Iranian role… are based on political reasons,” foreign ministry spokesman Nasser Kanani told reporters, adding that Palestinians had “the necessary capacity and will to defend their nation and recover their rights” without any help from Tehran. (AFP)

Israel-Hamas war: Oil prices jump as Hamas attack on Israel fuels supply fears

Oil prices rallied while the dollar and yen advanced Monday after Hamas launched a shock attack on Israel at the weekend, sparking fresh concerns about tensions in the Middle East. The crisis fanned concerns about supplies of crude from the region at a time when supply worries are already high owing to Saudi Arabia and Russia’s output cuts. It has also renewed fears about the impact on inflation, with energy costs a key driver of spiking prices, giving a fresh headache to central banks as they try to ease up on interest rate hikes to avoid recessions. (AFP)

Israel-Palestine conflict: Austria says it is suspending aid to Palestinians after Hamas attack

Austria is suspending its aid to Palestinians, totalling around 19 million euros ($20 million) for a handful of projects, in response to Islamist group Hamas’s deadly attack on Israel, foreign minister Alexander Schallenberg said on Monday. Neutral Austria’s ruling conservatives have adopted one of the most pro-Israel stances in the European Union in recent years. The Israeli flag has been hoisted above the chancellor’s office and the Foreign Ministry after the shock Hamas assault launched from the Gaza Strip on Saturday. “The extent of the terror is so horrific … that we cannot go back to business as usual. We will therefore put all payments from Austrian development cooperation on ice for the time being,” Schallenberg told ORF radio in comments confirmed by a spokeswoman, adding the estimate of funds and projects affected. (Reuters)

Israel-Palestine War: Israel escalates its airstrikes on Gaza and engages in fierce combat to push back Hamas militants

Military spokesperson Richard Hecht said it was taking longer than expected to repel the incursion because there were still multiple breaches in the border, which Hamas could be using to bring in more fighters and weapons. “We thought this morning we’d be in a better place,” Hecht said. The Israeli Defense Forces said that 70 additional militants infiltrated Be’eri kibbutz, which the military has been unable to wrest from Hamas, overnight.

Israel-Hamas War: ‘More than 123,000 people displaced in the Gaza Strip’

The United Nations on Monday said that more than 123,000 people have been displaced in the Gaza Strip since the outbreak of the conflict between Palestinian militants and Israel. “Over 123,538 people, have been internally displaced in Gaza, mostly due to fear, protection concerns and the destruction of their homes,” said the UN’s humanitarian agency, OCHA. More than 73,000 are sheltering in schools, OCHA said, some of which have been designated emergency shelters.

Israel-Palestine War: European stocks slip on Middle East conflict

Most major European stock markets opened lower on Monday as military clashes in the Middle East sparked a rush to safe-haven assets such as bonds and gold, while also boosting oil prices by over 3%. The pan-European STOXX 600 index fell 0.2% by 0710 GMT, with chemical and travel & leisure sectors leading losses.

Hamas-Israel war: Gold gains on ‘panic buying’

Gold rose on increased haven demand after tensions ramped up in the wake of the Hamas attack on Israel. The precious metal gained as much as 1.2% Monday, as financial markets brace for headwinds and volatility from the shock attack by Gaza militants. Oil surged as the conflict threatened to inflame tensions in the Middle East, home to almost a third of global supply. The yen and dollar — both haven currencies — also strengthened.While the sudden crisis in Israel has added a small premium to gold, bigger gains will only come if there is a much more substantial escalation across the region, David Lennox, analyst at Fat Prophets, said by phone from Sydney.The brewing political crisis in Israel has triggered “panic demand for safe-haven buying in gold,” said Priyanka Sachdeva, senior market analyst at Phillip Nova Pte. Both US Treasury yields and the US dollar continue “an upward trajectory on the back of the resilience of the US economy and will continue to limit the upside in non-yielding, dollar-denominated bullion,” she said. (Bloomberg)

 

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