Connect with us

Hi, what are you looking for?

Economy

Iran calls on Arab nations to impose oil embargo on Israel, expel ambassadors

Iran called on its Arab-majority neighbors to impose an oil embargo on Israel as the Jewish state wages its war against Hamas.

Iranian Foreign Minister Hossein Amirabdollahian on Wednesday called for the embargo and for nations within the Organization of Islamic Cooperation to expel all Israeli ambassadors.

OPEC, the organization of largely Arab nations that overseas oil production in the Middle East, has no plans to impose such an embargo, Reuters reported Wednesday. The organization has no special or emergency meetings planned to discuss such a move.

‘We are not a political organization,’ one OPEC source told Reuters.

Israeli Prime Minister Benjamin Netanyahu’s office did not immediately respond to a request for comment from Fox News Digital.

Iran has spent much of the past week threatening Israel with consequences for its ongoing war against Hamas. Israel has launched thousands of air strikes into Gaza and appears poised for a ground operation following Hamas’ unprecedented terror attack in Israel on Oct. 7.

Iran has threatened to join the conflict itself, and its proxy in Lebanon, Hezbollah, has also harried Israel’s northern border.

Meanwhile, President Biden’s administration has warned both Hezbollah and Iran to steer clear of the conflict. The U.S. has deployed two aircraft carrier strike groups, USS Gerald R. Ford and USS Dwight D. Eisenhower, to the Eastern Mediterranean.

Israel’s top national security adviser has said he anticipates that the U.S. would become involved in the conflict if Iran or Hezbollah intervenes.

U.S. Defense Secretary Lloyd Austin put 2,000 troops on high alert earlier this week.

This post appeared first on FOX NEWS

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Investing

    Overview The world of business technology has evolved. Driven by the shift towards distributed work and cloud application delivery, enterprise infrastructure is undergoing a...

    Investing

    Overview Hempalta Corp. (TSXV:HEMP) is engaged in processing industrial hemp at scale to produce a range of consumer and commercial products. Its proprietary processing...

    Investing

    Overview ALX Resources (TSXV:AL,FWB:6LLN,OTC:ALXEF) is dedicated to providing shareholders with multiple opportunities for discovery by exploring a portfolio of prospective mineral properties, which include...

    Investing

    Overview Flynn Gold Limited (ASX: FG1) is an Australian mineral exploration company with a portfolio of projects in Tasmania and Western Australia. Tasmania is...

    Disclaimer: gorgeousincome.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 gorgeousincome.com