Barbara Kollmeyer is based in Madrid, where she leads MarketWatch's pre-markets coverage of financial markets and writes the Need to Know column. She has worked in London and Los Angeles for MarketWatch previously. Follow her on Twitter @bkollmeyer.
Escalating Middle East tensions were driving up oil prices on Friday, amid rising fears that Israel is close to launching a ground invasion of Gaza after its military ordered more than a million people in the territory to flee south.
That represents nearly half the population of the territory, and such an evacuation would be not only impossible, but disastrous, said the U.N., whose people on the ground were also warned to leave the area. The fresh escalation has raised fears that Israel is about to embark on a ground invasion. Iran’s Foreign Minister Hossein Amirabdollahian indicated that Iran-backed Hezbollah militants in the area could open up another front if the continuing siege of Gaza and attacks by Israel continue, Bloomberg reported on Friday.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US is inflaming Middle East conflict by sending aircraft carrier: Putin'I don't understand why the US is dragging aircraft carrier groups into the Mediterranean Sea. I don't really understand the point. Are they going to bomb Lebanon or what?' Putin says.
Read more »
Israel war: Who knew McCarthy was so essential to peace in the Middle East?Christopher Tremoglie is a commentary writer for the Washington Examiner. He is a former intern for the Department of State and a frequent guest on radio and television. His work has been featured in the Philadelphia Inquirer, National Review, and the Daily Caller and has appeared on Fox News and One America News. He graduated cum laude from the University of Pennsylvania as a double major in political science and Russian and East European studies. Follow him on X: chriswtremo
Read more »
Joe Biden keeps focus on junk fees despite crises in Middle EastPresident Biden again used the bully pulpit of his office to highlight the danger of 'junk fees' to the U.S. economy, hammering away at the relatively narrow issue that has become a White House staple.
Read more »
Blinken to Israel on Middle East mission to prevent a wider warU.S. Secretary of State Antony Blinken headed to Israel on Wednesday on a Middle East mission to prevent a wider war from erupting after an attack and hostage-taking by Palestinian Hamas militants and an Israeli bombardment of the Gaza Strip.
Read more »
USU professor provides insight into Middle East tensions, US involvementSurprise, heartbreak and shock. Those were the words used by Utah State University political science professor Austin Knuppe to describe what’s unfolding in-and
Read more »
Pentagon Girds for Iran-Backed Attacks in Middle EastThe Pentagon, apprehensive about Iranian proxy groups in Iraq, Syria, and the Persian Gulf exploiting regional instability, seeks to protect American and partner forces.
Read more »