Oil prices dropped over 5% at the beginning of the week following Israeli airstrikes on targets in Iran that did not hit crude facilities. This development has raised hopes for a potential easing of tensions in the region.
China has filed a diplomatic complaint with the US following the latest American arms sales to Taiwan. The Chinese government claims this move escalates tensions in their ongoing dispute over the region and has reserved the right to retaliate.
In a surprising move early Saturday, Israel launched an assault on Iran, focusing on missile and air defense sites. This action, coordinated with Washington, was more restrained than anticipated. Analysts suggest this approach may aid diplomatic efforts to secure the return of hostages and reduce combat in both Lebanon and Gaza.
