Oil prices rose for the first time in four sessions on Wednesday after Hamas announced that Israel assassinated its political bureau chief, Ismail Haniyeh, and published a report indicating a decline in US strategic petroleum reserves for the fifth consecutive week. The price of Brent crude contracts for October delivery reached about $79 per barrel after falling by 4.1% over the past three days, while West Texas Intermediate crude approached $76. Hamas said that Israel killed Haniyeh during an airstrike in Iran. Israel also announced earlier that it had killed a senior Hezbollah commander during an airstrike on Beirut, in response to an attack in the Golan Heights, which killed 12 young men at the end of the week. Source: National Iraqi News Agency
Egypt and Algeria Discuss Coordination on Libya and Regional Issues
Cairo: Egyptian Foreign Minister Badr Abdelatty and Algerian Foreign Minister Ahmed Attaf engaged in a phone conversation focusing on the latest developments in Libya. They stressed the significance of sustained coordination under the trilateral neigh…