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Wall Street Pauses as Oil Surges and Tesla Stumbles

  U.S. stocks stalled on Thursday as investors weighed a sharp rise in oil prices against a wave of fresh corporate earnings. Futures tied to the Dow Jones Industrial Average and the S&P 500 hovered near the flat line, while the Nasdaq 100 also showed little movement. Energy markets took center stage after oil futures jumped more than 5% following new U.S. sanctions on Russian producers, pushing Brent crude toward $66 a barrel and West Texas Intermediate closer to $62. The surge added pressure to inflation concerns already weighing on Wall Street. On the corporate front, Tesla shares slipped over 3% in premarket trading after the electric vehicle maker posted mixed third-quarter results, disappointing investors and kicking off the “Magnificent Seven” earnings cycle. IBM stock also dropped about 7% , as stronger-than-expected profits were overshadowed by weaker software revenue. Traders are now awaiting results from American Airlines and T-Mobile , with Intel set to ...
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ICJ Orders Israel to Facilitate Gaza Aid, But Israel Rejects Ruling

The ICJ opinion found Palestinians in Gaza were inadequately supplied and stressed Israel cannot use starvation as a weapon of war.

The International Court of Justice (ICJ) has issued an advisory opinion declaring that Israel is legally obliged to support United Nations relief operations in Gaza, including those carried out by the UN Relief and Works Agency for Palestine Refugees (UNRWA). The court emphasized that Israel, as the occupying power, must ensure the “basic needs” of Gaza’s population are met, including access to food, water, medicine, and shelter.

ICJ President Yuji Iwasawa stated that Israel had failed to substantiate its claims that UNRWA was infiltrated by Hamas or other militant groups. The court dismissed allegations that the agency had violated neutrality, stressing that no evidence supported such accusations.

Israel, however, has openly rejected the ruling. Senior officials said UNRWA would “never set foot in Gaza again,” arguing that UN agencies had failed in the past or fallen under Hamas influence. The government vowed to continue blocking the agency’s return, despite mounting international pressure.

The ruling, while advisory and not legally binding, carries significant political weight. UN Secretary-General António Guterres welcomed the decision, urging Israel to comply and allow humanitarian agencies to operate freely in Gaza.

The standoff highlights the deepening rift between Israel and international institutions, as aid groups warn that continued restrictions could worsen the humanitarian crisis in the enclave.


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