2023-10-08 22:13:28
The large-scale conflict between Palestine and Israel has also affected the capital market.
After the Palestinian-Israeli conflict escalated, international crude oil continued to rise.WTI crude oil futures rose more than 4%, currently trading at US$86.36/barrel; Brent crude oil futures rose nearly 4% to US$87.73/barrel. Spot gold rose nearly 1%.
Futures on the three major U.S. stock indexes fell on Monday, with Nasdaq futures falling 0.6% and S&P 500 futures falling 0.7%. Australia’s three-year government bond yield fell 5BP to 3.95%.
Some analysts said that neither Israel nor Palestine are major oil producers, but the conflict occurs in a wider range of major oil-producing areas, and investors need to be wary of the risk of further escalation of the conflict. Among them, Iran’s involvement will be a key player in affecting international oil prices.
Currently, Israel has two refineries with a total production capacity of nearly 300,000 barrels per day. The country produces almost no crude oil and condensate, according to the U.S. Energy Information Administration (EIA). According to EIA data, the Palestinian territories have no oil production.
On October 8, local time, the Israeli stock market opened sharply lower and then continued to decline. The Israeli benchmark stock index TA-35 once fell by more than 7%. As of the close, it fell 6.47%.
Palestine said its stock exchange would be closed on Sunday and reopen on Monday.
Foreign media: Crude oil prices may surge in the short term
According to a report by the Global Times on October 9, citing the Russian smart-lab website, although this conflict may not cause a large-scale increase in world oil prices, the possibility that the world will face higher oil prices in the future should not be underestimated.A report on the US CNBC website on the 8th quoted energy experts’ analysis as saying that international crude oil prices may surge in the short term on Monday.
Bloomberg commentator Javier Brass said that international oil prices may rebound in the future,How the oil market performs will depend on Israel’s response to Hamas’ attacks.
Wang Xiaoyu, a young associate researcher at the Middle East Studies Center of Fudan University, believes that,Crude oil prices may rise in the short term, but it is unlikely that there will be an oil crisis like 1973.
The Israeli government may carry out “major military activities”
According to CCTV News on October 9, the Israeli Prime Minister’s Office stated on the 8th local time that the Israeli Security Cabinet approved Israel’s entry into a state of war on the evening of the 7th. Israeli media said that Article 40 of the Israeli Basic Law stipulates that this move means that the Israeli government is allowed to carry out “major military activities.” The relevant decision statement will be submitted to the Israeli Knesset Foreign Affairs and Defense Committee for approval on the 9th. Subsequently, the Israeli Prime Minister will be asked to The decision was announced at a plenary session of Parliament.
On October 8, the Palestinian Islamic Resistance Movement (Hamas) announced that it had fired hundreds of rockets at Israel late on the 7th and on the morning of the 8th. In addition, a spokesman for the Qassan Brigades, an armed wing of Hamas, said on the 8th that in response to the Israeli air strikes on the Gaza Strip, the Qassam Brigades fired rockets at Ben Gurion International Airport in Tel Aviv and the southern Israeli city of Ashkelon that night. bomb. The Qassan Brigade also launched a new ground attack on Israel that day.
On the same day, Israel continued air strikes on Hamas targets in the Gaza Strip. Hamas offices and training camps in Gaza, as well as some residents’ houses, were bombed, resulting in many deaths. In addition, the Israel Defense Forces continue to increase troops around Gaza. An Israeli spokesman stated on the followingnoon of the 8th that the Israeli army has regained control of some areas previously captured by Palestinian armed personnel and will evacuate more than 20 areas along the Gaza border in the next 24 hours. All Israeli residents of the town.
According to the latest report from The Times of Israel on October 8, local time, in the new round of Palestinian-Israeli conflict, the death toll in Israel exceeded 700 and at least 2,156 were injured. According to a real-time report from the Jerusalem Post, the Israeli Embassy in the United States reported that the conflict had injured 2,243 Israelis, of which more than 300 were seriously injured.
On the same day, data released by the Palestinian health department showed that Israeli air strikes on the Gaza Strip had killed 413 Palestinians, including 78 children and 41 women. In addition, the air strikes also injured 2,300 people. In addition, the Palestinian health department stated that Israeli bombing has displaced more than 20,000 people in the Gaza Strip.
Image source: Video screenshot
Analysts believe it will not end in the short term
According to CCTV News, it is reported that this large-scale conflict between Palestine and Israel is the second large-scale conflict between the two sides since May 2021, and it is also the largest conflict between Palestine and Israel in recent years. Archyde.com reported that Hamas launched its largest raid on Israel in years on October 7. This attack not only resulted in an “unprecedented” number of Hamas militants infiltrating from the Gaza Strip into Israel, but also marked the The Palestinian-Israeli conflict that has been ongoing for many years is escalating to its most serious level.
Analysts believe that this conflict seems to have come “suddenly”, but “it is not as cold as a day.” Due to the delay in advancing the Palestinian-Israeli peace process, violent conflicts between the Palestinians and Israelis have been “dramatically increasing” for some time, finally leading to a major deterioration of the situation.
Some analysts pointed out that the recent provocative actions of Jewish settlers at the Al-Aqsa Mosque in Jerusalem and the killing of Palestinian people by the Israeli army in the West Bank were obviously the direct triggers of Hamas’s retaliatory actions.
In fact, since entering 2023, the conflict between Palestine and Israel has been intensifying. Vinneslan, the United Nations Special Coordinator for the Middle East Peace Process, once said that violent conflicts between Palestine and Israel have “increased sharply” since 2023. As of August, more than 200 Palestinians and nearly 30 Israelis have been killed in violent conflicts between the two sides. , the death toll has exceeded that of all of 2022. It was the deadliest year since the Israeli-Palestinian conflict since 2005, highlighting a “worrying trend” that has been occurring across the occupied Palestinian territories for some time.
Venneslan said that because both Palestinians and Israelis have little hope of advancing the peace process, a dangerous and volatile vacuum has emerged, in which extremists on both sides have taken advantage of the opportunity and increasingly used lethal weapons, leading to The conflict is escalating day by day.
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(Source of article: Daily Economic News)
Article source: Daily Economic News
Original title: Over a thousand people died on both sides!The Israeli government may launch “major military activities”, gold rose nearly 1%, and international crude oil surged
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