The Hamas attack was publicly praised by Iran and Hezbollah, Iran's Lebanese ally.
“Iran's oil production is increasing, but any progress they make behind the scenes with the US will be significantly undermined by Iran celebrating the earth-shattering actions of Hamas,” Jacobsen said. .
“The most important thing is to see how Saudi Arabia reacts,” Jacobsen said. The US is trying to reach an agreement to normalize relations between Israel and Saudi Arabia.
David Kotok, president and chief investment officer at Cumberland Advisors in Sarasota, Florida, said the situation is worrying as US politics is unstable. Republicans are searching for a successor to ousted House Speaker Kevin McCarthy, as a budget showdown looms.
“I am very worried about more explosive situations that require American resolve and that America's defense capabilities are being compromised” because of the situation in Washington, Kotok said.
“Iran's oil production is increasing, but any progress they make behind the scenes with the US will be significantly undermined by Iran celebrating the earth-shattering actions of Hamas,” Jacobsen said. .
“The most important thing is to see how Saudi Arabia reacts,” Jacobsen said. The US is trying to reach an agreement to normalize relations between Israel and Saudi Arabia.
David Kotok, president and chief investment officer at Cumberland Advisors in Sarasota, Florida, said the situation is worrying as US politics is unstable. Republicans are searching for a successor to ousted House Speaker Kevin McCarthy, as a budget showdown looms.
“I am very worried about more explosive situations that require American resolve and that America's defense capabilities are being compromised” because of the situation in Washington, Kotok said.
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🔵It took several years for the global economy to recover from the Sixth of October War. The oil embargo was lifted in 1974, but the economic recession continued for several more years. The global economy did not begin to recover until the late 1970s.
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🔹European markets head for mixed open amid Middle East turmoil.
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