Latest News
Israel’s Netanyahu dissolves war cabinet
Prime Minister Benjamin Netanyahu has announced the end of Israel’s six-member war cabinet.
Reports on Monday said the Israeli leader had announced the decision at a meeting of the political security cabinet the previous evening. Netanyahu’s far-right coalition partners have been pushing for a new war cabinet to be established after the more centrist Benny Gantz quit the emergency government.
Nationalist-religious Finance Minister Bezalel Smotrich and National Security Minister Itamar Ben-Gvir, who have demanded Israel must continue its bombardment of Gaza despite calls for some restraint from allies including the United States, had called for a new war cabinet to be formed featuring coalition party leaders.
However, Netanyahu has reportedly turned them down.
“The cabinet was in the coalition agreement with Gantz, at his request. As soon as Gantz left – there is no need for a cabinet any more,” Netanyahu said, according to a report in The Jerusalem Post.
The Israeli premier is now expected to hold consultations about the Gaza war with a small group of ministers, including Defence Minister Yoav Gallant and Strategic Affairs Minister Ron Dermer, who had been in the war cabinet.
Gantz’s resignation from the government withdrew the only centrist power in the embattled leader’s far-right coalition, amid the months-long assault on Gaza.
Claiming that the Netanyahu government failed to present a post-war plan for the besieged and bombarded Palestinian territory was an obstacle to “true victory”, Gantz has called for an election, with the prime minister facing severe pressure amid calls for a deal with Hamas to secure the release of captives held in Gaza.
However, the Israeli leader is also under pressure from his hardline coalition partners.
According to Israeli media, Ben-Gvir appealed in a letter to Netanyahu last Thursday to expand the war cabinet. The letter reportedly said the Israeli war has over the past eight months been “conducted in secret”, through “limited forums that change their names and definitions in a loop, all for the purpose of sole control over decisions and avoiding discussion of other positions that would challenge the old conception”.
A new war cabinet with a heavy influence enjoyed by Smotrich and Ben-Gvir would have further tested relations with international partners, first and foremost the US, which has called for Israel’s military to refrain from a full ground invasion of the southern city of Rafah and for increased aid shipments.
At the same time, Washington continues to supply Israel with arms and there has been little hint that Netanyahu is ready to pull back from the onslaught in Gaza.
On Sunday, Netanyahu said “in order to reach the goal of eliminating the capabilities of Hamas, he made decisions that were not always acceptable to the military echelon” during the weekly cabinet meeting.
The war cabinet included Netanyahu, Gantz, Gallant, Dermer, Gadi Eizenkot, and Shas party leader Aryeh Deri. It is possible, i24News reported, that Netanyahu will continue to consult Gallant, Dermer, and Deri privately.
While such an arrangement would not have legal weight, it would allow the prime minister to continue the exclusion of Ben-Gvir and Smotrich from sensitive security discussions.
[Aljazeera]
Latest News
Iran names Khamenei’s son as new supreme leader after father’s killing
Iran has named Mojtaba Khamenei as its new supreme leader, just over a week after the assassination of his father, Ayatollah Ali Khamenei , in joint United States-Israeli strikes that have.plunged the entire region into a sprawling war.
The 56-year-old, who will now be charged with leading the Islamic Republic through the biggest crisis in its 47-year history, was named by clerics as his father’s successor on Sunday.
Key leaders, Iran’s powerful Islamic Revolutionary Guard Corps (IRGC), and the armed forces were quick to pledge their backing to the new leader.
Ali Larijani, secretary of the Supreme National Security Council, who has been tasked with steering Iran’s security strategy since the US and Israel launched their all-out offensive, called for unity around the new supreme leader.
Parliament Speaker Mohammad Bagher Ghalibaf welcomed the choice, saying that following the new supreme leader was a “religious and national duty”.
Mojtaba Khamenei has never run for office or been subjected to a public vote, but has for decades been a highly influential figure in the inner circle of the supreme leader, cultivating deep ties to the IRGC.
In recent years, Khamenei has increasingly been touted as a top potential replacement for his father. His selection could be a sign that more hardline factions in Iran’s establishment retain power, and could indicate that the government has little desire to agree to a deal or negotiations in the short term as the war enters its second week.
Al Jazeera’s Ali Hashem described Khamenei as his “father’s gatekeeper”.
“He adopts the positions of his father with respect to the United States, with respect to Israel. So we are expecting a confrontational leader. We’re not expecting any moderation,” he said.
“However, if this war comes to an end and he is still alive, and he is able to continue running the country, there is going to be big potential… to find new routes for Iran,” Hashem said.
(Aljazeera)
Business
Oil prices jump above $100 for first time in four years
Global oil prices have jumped above $100 (£75.11) a barrel for the first time since 2022 as the escalating US-Israeli war with Iran has fuelled fears of prolonged disruption to shipments through the Strait of Hormuz.
Iran on Sunday named Mojtaba Khamenei to succeed his father Ali Khamenei as Supreme Leader, signalling that a week into the conflict hardliners remain in charge of the country.
The US and Israel launched fresh waves of airstrikes across Iran over the weekend, hitting multiple targets including oil depots.
Major disruption to energy supplies from the region threatens to push up prices for consumers and businesses around the world.
Early on Monday in Asia, Brent crude was around 15.5% higher at $107.16, while Nymex light sweet was up by more than 17% at $106.77.
Stock markets in the Asia-Pacific region fell sharply in early trading on Monday, with Japan’s Nikkei 225 index down by more than 5% and the ASX 200 in Australia more than 3.5% lower.
Many in the markets predicted that oil would hit the $100 a barrel mark this week.
In the event it took about a minute to jump 10%, and then another 15 minutes to rise a further 10% in early Asian trading.
Last week the markets had been relatively relaxed about the seeming nightmare scenario for millions of barrels of crude and liquefied natural gas trapped in the Gulf, unable or unwilling to transit the Strait of Hormuz.
But the escalations over the weekend, alongside scenes of destruction of energy infrastructure both in Iran and across the Gulf, saw the markets take rapid fright.
The question now is where does this go? Some analysts argue that if the shutdown in the strait lasts until the end of March, we could see record oil prices above $150 a barrel.
The existing rise is likely to further increase petrol prices, and those of important derivative products such as jet fuel and vital precursors for fertilisers.
The physical supplies from the Gulf are mainly consumed in Asia.
Already however there are signs that Asian consumers are bidding up prices for US gas, with some tankers originally heading for Europe turning around in the mid-Atlantic.
US President Donald Trump responded to the jump in prices by saying that short term rises were a “small price to pay” for removing Iran’s nuclear threat.
His energy secretary told US broadcasters on Sunday that Israel, not the US, was targeting Iran’s energy infrastructure, amid some concern about rising domestic pump prices caused by the war.
(BBC)
Latest News
India hammer New Zealand to retain T20 World Cup crown
-
News3 days agoUniversity of Wolverhampton confirms Ranil was officially invited
-
News4 days agoLegal experts decry move to demolish STC dining hall
-
News3 days agoFemale lawyer given 12 years RI for preparing forged deeds for Borella land
-
News2 days agoPeradeniya Uni issues alert over leopards in its premises
-
Business5 days agoCabinet nod for the removal of Cess tax imposed on imported good
-
News3 days agoLibrary crisis hits Pera university
-
News2 days agoWife raises alarm over Sallay’s detention under PTA
-
Business5 days agoWar in Middle East sends shockwaves through Sri Lanka’s export sector
