Crude oil prices are down more than 5% following a significant build in commercial crude oil in storage in the U.S., a worrying sign that oil producers are set to face more pressure if the recent surge in COVID-19 cases around the world impacts economic activity and thus oil demand. The biggest single reason for the sharp decline of all of these stocks is a reaction to the drop in crude oil prices.
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Israel’s presumed counterstrike against Iran has proved Joe Biden and David Cameron wrong in their insistence that Israel should just “take the win”. Instead, it fought back – and yesterday Iran was trying to pretend that nothing had happened.
BBC Question Time host Fiona Bruce was forced to intervene and reprimand a Tory Cabinet Secretary after he launched a personal attack on another panellist ...
Israel’s strike on Iran on Friday morning will not come as a surprise to Western observers – but it will cause great concern in Washington and London as the region tips closer towards an all-out war.
If this Israeli attack on Iran is no more than it presently appears to be, then it is rather well modulated. If the airbase at Isfahan has been attacked - home to the 8th Tactical Air Wing of the Iranian Air Force, and not a Revolutionary Guard installation - then the Israelis are making their point against a conventional military target. It is not an enrichment plant or a reactor, but the wide-ranging nuclear research conducted there involves some 3,000 Iranian nuclear scientists.
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