On October 7, 2023, the fundamentalist Islamist organization Hamas committed an unprecedented terrorist attack against Israel on Yom Kippur, October 7, 2023, killing over 1,400 Israelis.
A top South Korean official told reporters last weekend that the government was is in the “final stage” of an agreement to foster “large-scale defense industry cooperation” between Seoul and Saudi Arabia.
In the backdrop of this appeal, discussions have been initiated within the Biden administration, in collaboration with congressional members, to potentially curate a larger combined aid package.
Saudi Arabia has switched focus from a deal with Israel to a deal with Iran following the terror attack by Hamas on Israel last week, according to a report.
Brent crude soared to $87.92 a barrel, marking an increase of almost 4%, whereas U.S. West Texas Intermediate crude experienced a rise of 4.16%, reaching $86.23 a barrel.
