Oil edges up after Israel strikes Gaza, while truce talks continue

Oil edges up after Israel strikes Gaza, while truce talks continue

Oil prices ticked up early on Tuesday after Israel struck Rafah in Gaza while negotiations for a ceasefire with Hamas continued without resolution. Brent crude futures were up 46 cents, or 0.55%, at $83.79 per barrel at 0010 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose 46 cents, or 0.59%, to $78.94 a … Read more

Hamas proposes new ceasefire deal, demands six-week break from hostilities before release of hostages

Hamas proposes new ceasefire deal, demands six-week break from hostilities before release of hostages

After rejecting the Israeli proposal of a ceasefire amid the continuing hostilities in Gaza, Hamas presented a ceasefire and hostage release deal to mediators, demanding that Israel observe a six-week ceasefire before it receives any of the 129 hostages held by the terror group since October 7, The Times of Israel reported citing a report … Read more