Biden's Ceasefire Hopes Dashed by Israel and Hamas
TL;DR
Crude oil futures fell as President Joe Biden indicated a possible ceasefire in the Israel-Hamas conflict by next Monday, with WTI and Brent futures dropping slightly. Biden mentioned an agreement by Israel to refrain from activities during Ramadan to facilitate the release of hostages, but a senior Hamas official downplayed hopes for a ceasefire without a permanent end to the fighting or Israeli withdrawal from Gaza.
- Oil prices fall as Biden signals Gaza ceasefire is possible by next Monday CNBC
- Israel ready to pause Gaza war if hostage deal is reached, Biden says The Associated Press
- Biden’s positive comments on negotiations discounted by Israel, Hamas, others involved The Washington Post
- Biden says he hopes there’ll be a ceasefire in Gaza by next Monday CNN
- Hamas and Israel pour cold water on Biden’s hopes of imminent ceasefire The Guardian
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