Israel announced a halt to all goods and humanitarian aid entering Gaza following the end of the first phase of a cease-fire deal with Hamas, prompting criticism from the group. The move, aimed at pressuring Hamas to accept Israel’s extension proposal, is likely to worsen the humanitarian situation in Gaza, already devastated by the 15-month war and facing shortages of essential goods. The decision also raises concerns about the fate of remaining hostages in Gaza and the potential for further escalation in the conflict.
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Oil prices jump after U.S. strike on Iranian nuclear facilities
Oil prices surged and stock futures declined amid rising concerns over economic repercussions from U.S. strikes on Iran's nuclear facilities, with fears about access to the Strait of Hormuz, a crucial oil transit route. Analysts warned that disruptions could lead to significant increases in oil and gas prices, while Iran's parliament considered closing the strait, despite potential harm to its economy and ties with China. Need More Context? 🔎
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