Defining the News
The bellwether Philippine Stock Exchange index lost 49.11 points, or 0.78 percent, to close at 6,219.16, while the broader all-shares index dropped 19.61 points, or 0.58 percent, to settle at 3,365.79.
With Israel Prime Minister Benjamin Netanyahu building up a huge force ahead of an expected land incursion into Gaza, Iran has warned of a possible pre-emptive strike and called for an oil embargo against Tel Aviv. Meanwhile, Iran’s Foreign Minister Hossein Amir-Abdollahian called for an “immediate and complete embargo on the Zionist regime by Islamic countries, an oil embargo against the regime”.
CMC Markets’ Michael Hewson added: “In the absence of a positive catalyst in the coming days there is a risk we could start to see further weakness if tensions escalate further.” “A regional crisis appears the most likely outcome, especially with Israel still seemingly committed to a ground offensive to crush Hamas.”
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden backs Israel over Gaza hospital strike and secures aid moveDefining the News
Read more »
Angry protests across Muslim world after Gaza hospital strikeDefining the News
Read more »
Marcos says MIF will push throughDefining the News
Read more »
Woman arrested for disrupting Trump civil fraud trialDefining the News
Read more »
Make vegetables last long with these quick tipsDefining the News
Read more »
Lawmaker: PBBM merely acting as Filipinos’ steward in ensuring safeguards for Maharlika fundDefining the News
Read more »