Oil prices began the week on a downward trend as hopes of a diplomatic solution to the ongoing conflict in Gaza provided some relief to the market. With tensions easing between Israel and Hamas, investors turned their attention to the potential easing of supply disruptions in the region.
Israel’s military operations in the Gaza Strip have sparked widespread protests and condemnation around the world. As the conflict intensifies, activists and consumers have begun questioning the role of American brands in supporting Israel’s actions. Boycotts have emerged as a tool to express dissent and put pressure on companies. This article explores the impact of boycotts on American brands amidst the ongoing conflict.
Japanese trading company, Itochu Corporation, has announced its decision to terminate its cooperation with Israeli defense electronics company, Elbit Systems Ltd., amidst the ongoing conflict in the Gaza Strip. This move comes as part of Itochu’s effort to distance itself from companies involved in the production of weapons used in conflicts.
Oil prices experienced a significant drop today amidst rumors of a proposed ceasefire in the ongoing conflict in Gaza. The market reacted strongly, with prices sliding by nearly 3% in early trading.
In a surprising move, Intel Corp. has announced its plans to invest a whopping $25 billion in Israel’s technology sector, despite the recent outbreak of violence between Israel and Palestine in the Gaza Strip. The decision comes as a testament to Israel’s strong and resilient tech industry, which continues to attract massive investments from global technology giants.
