{"id":67174,"date":"2024-04-04T15:28:32","date_gmt":"2024-04-04T20:28:32","guid":{"rendered":"https:\/\/olduvai.ca\/?p=67174"},"modified":"2024-04-04T15:28:32","modified_gmt":"2024-04-04T20:28:32","slug":"oil-surges-over-90-stocks-tumble-after-israel-puts-embassies-around-world-on-maximum-alert","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=67174","title":{"rendered":"Oil Surges Over $90, Stocks Tumble After Israel Puts Embassies Around World On Maximum Alert"},"content":{"rendered":"
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Oil Surges Over $90, Stocks Tumble After Israel Puts Embassies Around World On Maximum Alert<\/a><\/h3>\n<\/header>\n
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At this point Israel’s ties with key Gulf countries like the UAE are near breaking point, after only a few short years ago diplomatic normalization was hailed through Trump’s Abraham accords. But international and Israeli press reports are confirming the UAE has announced it is\u00a0halting all coordination on humanitarian aid with Israel<\/strong>.<\/p>\n

Further, as Israeli media\u00a0reports<\/a>: “The United Arab Emirates (UAE) has announced a suspension of diplomatic coordination with Israel in the wake of the death of seven World Central Kitchen humanitarian workers in Gaza.” Simultaneously, Israel is busy\u00a0putting its embassies across the world on high security alert\u00a0<\/strong>due to the “heightened Iranian response threat” in wake of Monday’s Israeli attack on the Iranian embassy in Damascus. All of this served to send Brent soaring in the last two hours, with Brent spiking above $90 for the first time since October….<\/p>\n

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… and sending stocks tumbling to session lows.<\/p>\n

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With Iran vowing that its retaliation is coming at any moment, Israel’s military is scrambling for readiness, with the latest measure being to\u00a0pause all\u00a0home leave for all combat troops<\/strong>.<\/p>\n

“The IDF is at war and the issue of the deployment of forces is constantly reviewed as needed,” the Israeli military said.<\/p>\n

President Biden is\u00a0meanwhile<\/a>\u00a0is\u00a0said to be “pissed” with PM Netanyahu\u00a0<\/strong>over the killing of seven World Central Kitchen aid workers in Gaza, though Israel acknowledged that it was a “grave mistake”.<\/p>\n