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Almost 700,000 Displaced in Lebanon as War Enters Second Week

Escalating hostilities have forced nearly 700,000 people to flee their homes in Lebanon, a U.N. agency said on Monday, as the war between Israel and the Iran-backed Lebanese group Hezbollah entered a second week. Lebanon has been pulled deep into the war in the Middle East since Hezbollah opened fire...

Back to the 1970s? Investors Brace for a Return of Stagflation

Investors are now seriously considering the possibility that war in the Middle East could create a stagflationary shock, just as it did 50 years ago, when disruption to global energy supplies sent inflation surging, and battered growth “The risk of a 1970s scenario is rising,” said Kaspar Hense, portfolio manager...

Wall Street Slips on Soaring Crude Prices; Tech Stocks Rebound

Wall Street's main indexes were off session lows on Monday as a rebound in technology stocks softened the blow from investor concerns that soaring oil prices could exacerbate inflation pressures. Hostilities in the Middle East entered their tenth day and Iran named Mojtaba Khamenei, son of the late Ali Khamenei,...

Israeli Forces Raid New Areas in Southern Lebanon

Israeli forces advanced in southern Lebanon on Monday, raiding new territory as part of a stated effort to expand a military-controlled buffer zone as it steps up its campaign against the Iran-backed armed group Hezbollah. Israeli fighter jets also bombarded the southern outskirts of Beirut, the Lebanese capital, sending huge...

Saudi Arabia Cuts Oil Output, IEA Considers Stocks Release

Saudi Arabia began oil output cuts, becoming the latest Gulf producer impacted by the U.S. and Israeli war on Iran that has halted ship traffic in the region, sending crude prices up nearly 30% on Monday to $119 a barrel and prompting G7 countries to consider releasing emergency oil stocks....

Russia Providing Iran With Intelligence to Target US Forces in Middle East

Russia is providing Iran with critical targeting intelligence, including the locations of American warships and aircraft, to strike U.S. forces in the Middle East, the Washington Post reported.  The assistance marks the first indication of a major U.S. adversary indirectly participating in the rapidly expanding conflict. Since the war began,...

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