Oil prices jump after Ismail Haniyeh's martyrdom
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The Israeli shekel is spiraling towards recording the largest 3-day sell-off in two years.
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A person pumps gas on September 12, 2023 in Marietta, Ga (AP)
Following the report of head of Hamas' political bureau, Ismail Haniyeh's martyrdom in Tehran. oil prices soared, with Brent crude rising 1.5% to a little under $80 per barrel.
Oil prices rose, with Brent oil up 1.5% to a little under $80 a barrel as of 12:20 p.m. in Singapore, while it remains down this week. Gold prices also climbed, according to Bloomberg.
Bloomberg also reported that the Israeli shekel is spiraling towards recording the largest 3-day sell-off in two years.
This reportedly comes amid concerns among traders over the exacerbation of the risk of a regional war in the Middle East following the assassination of Haniyeh.
The Islamic Revolution Guard Corps in Iran announced the martyrdom of Ismail Haniyeh, alongside one of his guards in Tehran, on Wednesday.
Hamas confirmed the martyrdom of the Hamas leader, noting that the head of the political bureau was killed in a "treacherous Zionist airstrike on his residence in Tehran."
The Leader of the Islamic Revolution and Republic of Iran, Sayyed Ali Khamenei, affirmed, following the Israeli attack that the occupation "brought upon itself the most severe punishment."
Sayyed Khamenei stressed that retribution for Haniyeh's blood is "Iran's duty because he was martyred on our soil," adding that Haniyeh's assassination, who was a guest in Iran, "also set the ground for [the enemy's] harsh punishment upon itself."
Speaking about the martyred leader, Sayyed Khamenei said Haniyeh dedicated his life to the struggle [for liberation], was ready for martyrdom, and sacrificed his children on this path, noting that the "great Resistance Front is in mourning."
Consequently, Iran announced a three-day mourning period.
Aggression on Tehran, Beirut, to spiral escalation with 'Israel': FT
"Israel" may have sent the Middle East into a regional war following its attacks against Resistance leaders in both Lebanon and Iran, an article for the Financial Times warned.
The Israeli occupation raided a residential building in Beirut's Southern Suburb, Lebanon, on Tuesday evening, not only killing three civilians, including two children, but also targeting senior Hezbollah military commander Fouad Shokor. "Israel" claims Shokor has been killed, but no official word from the Islamic Resistance has confirmed or denied his alleged martyrdom.
In the few hours that followed, the head of Hamas' political bureau, Ismail Haniyeh, was assassinated and martyred following an airstrike on his place of residence in Tehran, Iran. "Israel" has not claimed responsibility for the assassination.
According to the Financial Times, the attacks were Benjamin Netanyahu's warning to his enemies and an assurance his settlers could reflect on following months of political turmoil and calls for his resignation.
What Benjamin Netanyahu does not realize, is that this could have possibly been the matchstick that could ignite a regional war in the Middle East.
An attack against Hezbollah and a clear breach of Lebanese sovereignty by "Israel", paired with the assassination of a senior Hamas leader in Iran, have raised the stakes to new levels, signifying "Israel's" willingness to double down on all external efforts seeking to de-escalate the situation.
FT said the region now awaits the response of Hezbollah, Iran, and the Axis of Resistance, for the attacks and in retribution for Haniyeh's blood.
