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Global Markets Rattle as Oil Spikes and U.S. Futures Sink Amid Escalating Middle East Conflict

  Markets are sliding as geopolitical tensions intensify, with U.S. stock futures turning sharply lower and oil prices surging above the $100 mark. Investors are reacting to escalating conflict in the Middle East, which is raising fears of disrupted energy supplies and renewed inflation pressures.  Market Overview Dow Jones futures fell roughly 0.8% , extending a multi‑day downturn. S&P 500 and Nasdaq futures each slipped about 0.6% , paring earlier, deeper losses.  The declines reflect mounting investor anxiety as geopolitical risks overshadow recent economic data. Oil Surges on Supply Fears Crude oil spiked above $100 per barrel before easing slightly. The surge followed Iran’s expanded attacks on energy infrastructure , prompting Iraq to close key oil terminals after tanker strikes.  Higher oil prices are stoking concerns about inflation , complicating expectations for future Federal Reserve policy. What’s Driving the Selloff The widening Mi...
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Israel’s Demolition of UNRWA Buildings Sparks New Diplomatic Rift

 

                            Israeli forces dismantle UNWRA’s Jerusalem headquarters in East Jerusalem.


A new wave of tension has emerged in East Jerusalem after Israeli authorities demolished several buildings inside the compound of the United Nations Relief and Works Agency for Palestine Refugees (UNRWA). The operation, carried out with heavy security, targeted structures used by UNRWA staff and support services.

UNRWA officials denounced the demolition as a violation of international norms protecting UN facilities, saying their personnel were removed from the site before bulldozers moved in. The agency warned that the incident undermines the safety of humanitarian workers and sets a troubling precedent for international organizations operating in conflict zones.

Israel has long accused UNRWA of misconduct and has sought to curtail its activities, particularly in Jerusalem. The latest demolition is widely viewed as part of a broader effort to limit the agency’s presence in the city.

The move has drawn swift criticism from diplomats and humanitarian groups, who argue that escalating pressure on UNRWA will further destabilize an already fragile environment. As political fallout grows, the future of the agency’s operations in Jerusalem remains uncertain.


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