 Energy & Environment |
Energy & Environment |
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What does the violence in Israel mean for oil prices? |
Global oil prices have jumped, inflamed by violence in Israel over the weekend. |
Over the weekend, militants with Hamas, which governs Gaza and has been designated by the State Department as a terrorist organization, attacked Israel, killing hundreds and also taking hostages. As of Monday, at least 900 Israelis, most of them civilians, had been killed. More than 560 Palestinians have been killed in retaliation from Israel, ABC News reported, citing Palestinian authorities. The violence sent oil prices upward. The price of international oil benchmark Brent Crude closed at under $85 per barrel on Friday. On Monday, prices were up to about $88 per barrel. "Any time you have a conflict in the Middle East that tends to create a geopolitical risk premium," said Ben Cahill, a senior fellow at the Center for Strategic and International Studies. "It's not a huge bounce, but it's notable because there was a big sell-off in the oil price late last week," Cahill said. Read more in a report from TheHill.com. |
Welcome to The Hill's Energy & Environment newsletter, we're Rachel Frazin and Zack Budryk — keeping you up to speed on the policies impacting everything from oil and gas to new supply chains. |
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How policy will affect the energy and environment sectors now and in the future: |
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More than 2,000 people were reported dead and injured after a pair of devastating earthquakes rattled Afghanistan on Saturday. |
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Whales, dolphins and seals living in U.S. waters face major threats from warming ocean temperatures, rising sea levels and decreasing sea ice volumes associated with climate change, according to a first-of-its-kind assessment. |
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Rep. Marcy Kaptur (D-Ohio) appeared to make a slight dig at her Ohio delegation colleague Sen. J.D. Vance (R) during an interaction on a United Auto Workers (UAW) picket line in their home state. |
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Branch out with a different read on The Hill: |
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California Gov. Gavin Newsom (D) signed off on a pair of rules that will require large corporations that do business in the Golden State to disclose their greenhouse gas emissions and climate-related … |
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News we've flagged from other outlets touching on energy issues, the environment and other topics: |
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Freight railroads police themselves and inspect their own tracks. Some say a disaster is inevitable. (The Portland Press-Herald)
Wisconsin cleanup shifts toxic PFAS burden to Alabama Black Belt (Wisconsin Watch) The surprising biodiversity of abandoned coal mines (Grist)
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Two key stories on The Hill right now: |
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Regardless of whether Iran plotted and ordered the massive Hamas attack against Israel over the weekend, Tehran's backing and support for the Palestinian militant group sends a clear and defiant message to Washington. Read more |
| The rule that allowed Rep. Matt Gaetz (R-Fla.) to single-handedly call for a vote ousting Speaker Kevin McCarthy (R-Calif.) has become a key issue for Republicans as they grapple over who should replace him. Read more |
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Op-eds related to energy & environment submitted to The Hill: |
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You're all caught up. See you tomorrow! |
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