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Arab News
17 minutes ago
- Arab News
Oil Updates — crude extends gain on Iraq outages, tight market supports
SINGAPORE: Oil prices extended gains on Friday, underpinned by supply concerns following drone attacks on northern Iraqi oilfields and tight market fundamentals amid healthy summer demand. Brent crude futures climbed 29 cents, or 0.40 percent, to $69.81 a barrel as of 7:51 a.m. Saudi time, US West Texas Intermediate crude futures advanced 27 cents, or 0.42 percent, to $67.81 a barrel. Four days of drone attacks on oilfields in Iraqi Kurdistan that shut down half the region's output have supported prices, pushing both contracts up $1 on Thursday. Additionally, seasonal travel demand has propped up the market. In the first two weeks of July, global oil demand has averaged 105.2 million barrels per day, up by 600,000 bpd from a year earlier and largely in line with forecast, JPMorgan analysts said in a research note. 'Crude prices have been broadly stable this week, with no significant moves as the impact of OPEC+ supply increases has been offset by strong seasonal demand in the US,' said LSEG's analyst Anh Pham. US crude inventories fell a larger-than-expected last week as exports rose, government data on Wednesday showed. Demand in Asia also firmed as refineries came back from maintenance amid peak seasonal demand. Near-term oil fundamentals are likely to remain supportive, with the market set to remain fairly tight through this quarter, before becoming better supplied from the last three months of the year, ING analysts said in a note on Friday. Still, the uncertainty around US tariff policy, which appears unlikely to be settled until after August 1, is weighing on the market. Plans by major oil producers to remove output cuts will also add to supply as the seasonal Northern Hemisphere summer demand ends. For this week, both Brent and WTI were down more than 1 percent. Oil output in the semi-autonomous Kurdistan region has been slashed from about 280,000 bpd to between 140,000 bpd and 150,000 bpd, two energy officials said. Officials pointed to Iran-backed militias as the likely source of attacks this week on the region's oilfields, although no group has claimed responsibility. Despite the attack, Iraq's federal government said on Thursday that Iraqi Kurdistan will resume oil exports through a pipeline to Turkiye after a two-year halt.
Saudi Gazette
3 hours ago
- Saudi Gazette
Syrian forces leave Sweida after ceasefire with Druze militias goes into effect
DAMASCUS — Syrian forces largely withdrew from the southern province of Sweida on Thursday following days of clashes with militias linked to the Druze minority. While the truce between armed groups and government forces appeared to be largely holding, state media reported that Druze militants had launched individual attacks on Bedouin communities. Syrian state television channel Al-Ikhbariya said "tens of families" of Bedouins had fled following clashes on the outskirts of the Druze-majority province. The UK-based monitor, the Syrian Observatory for Human Rights, said that Druze factions had entered several Bedouin villages. Bedouin groups had fought alongside government forces against the Druze groups. Druze leaders and Syrian government officials reached a ceasefire deal mediated by the United States, Turkey and Arab countries. Under the ceasefire agreement reached on Wednesday, Druze factions and clerics have been appointed to maintain internal security in Sweida, Syria's interim President Ahmad al-Sharaa said in an address broadcast early on Thursday. The fighting had threatened to unravel Syria's post-war political transition and brought further military intervention by neighbouring Israel, which on Wednesday struck the Syrian Defence Ministry headquarters in central Damascus. Israel said it was acting to protect the Druze religious minority. Convoys of government forces started withdrawing from the city of Sweida overnight as Syrian state media said the withdrawal was in line with the ceasefire agreement and the military operation against Druze factions had ended. It remained unclear if the ceasefire would hold after the agreement was announced by Syria's Interior Ministry and in a video message by a Druze religious leader. A previous agreement on Tuesday quickly collapsed after being dismissed by prominent Druze cleric Sheikh Hikmat Al-Hijri. A Turkish official said on Thursday that Foreign Minister Hakan Fidan and intelligence chief İbrahim Kalin held a series of diplomatic and security meetings to de-escalate the clashes. They worked with the US special envoy for Syria, Israel, and regional officials and leaders, Walid Jumblatt, said the official who requested anonymity to discuss the issue. The escalation in Syria began with clashes between local Bedouin groups and Druze armed factions. Government forces that intervened to restore order clashed with Druze militias, but also in some cases reportedly attacked civilians. The Syrian government has not issued a casualty count from the clashes, but some rights groups and monitors say dozens of combatants on both sides have been killed, as well as dozens of largely Druze civilians killed in attacks. At least 374 combatants and civilians were killed in the clashes and Israeli strikes, among them dozens of civilians killed in the crossfire or in targeted attacks against the minority group, according to the Syrian Observatory for Human Rights. Video circulated on social media showed government forces and allies humiliating Druze clerics and residents, looting homes and killing civilians hiding inside their houses. Syrian Druze from Sweida told the AP that several family members who were unarmed had been attacked or killed. Al-Sharaa appealed to them in his address and vowed to hold perpetrators to account. "We are committed to holding accountable those who wronged our Druze brethren," he said, describing the Druze as an "integral part of this nation's fabric" who are under the protection of state law and justice. The Druze community has been divided over how to approach al-Sharaa's rule over Syria after largely celebrating the downfall of Bashar al-Assad and his family's decades-long dictatorial rule. They feared persecution after several attacks from the so-called Islamic State (IS) militant group and al-Qaeda-affiliated Nusra Front during Syria's 14-year civil war. While it first appeared many Druze hoped to resolve matters diplomatically, with al-Sharaa promising an inclusive Syria for all its different communities, over time they became more sceptical, especially after a counterinsurgency in the coastal province in February turned into targeted attacks against the Alawite minority. The Druze religious group began as a 10th-century offshoot of Ismailism, a branch of Shiite Islam, however it does not identify as Muslim. More than half of the roughly 1 million Druze worldwide live in Syria. Most of the other Druze live in Lebanon and Israel, including in the occupied Golan Heights, which Israel captured from Syria in 1967 and annexed in 1981. — Euronews
Saudi Gazette
4 hours ago
- Saudi Gazette
US says 'specific steps' agreed to end Syria violence after Israeli strikes hit Damascus
JERUSALEM — US Secretary of State Marco Rubio has said an agreement has been reached to end the violence in Syria following Israeli attacks on the country's capital. Israel's military struck the Syrian defence ministry in Damascus and government forces in southern Syria for a third day on Wednesday, as deadly sectarian fighting in the mostly Druze province of Suweida continued. Israel's Prime Minister Benjamin Netanyahu said it was "working to save our Druze brothers". Interim Syrian President Ahmed al-Sharaa accused Israel of causing a "large-scale escalation". More than 350 people are reported to have been killed since Sunday, when clashes between Druze militias and Bedouin tribes erupted in Suweida. The Syrian military reportedly began to withdraw its forces from Suweida late on Wednesday, as the US said it had agreed "steps" to end the violence. "We have agreed on specific steps that will bring this troubling and horrifying situation to an end tonight," US Secretary of State Rubio wrote on X. Syria's state news agency, Sana, reported that troops were leaving Suweida as part of an agreement between the government and the Suweida's religious leaders, following the "completion of the army's pursuit of outlaw groups". The Syrian foreign ministry said the country "welcomes the efforts made by the US and Arabian sides" to "resolve the current crisis" peacefully. Israel has not yet commented on the ceasefire efforts. The Israeli military began striking Syrian security forces and their weapons on Monday, after they were deployed to the city of Suweida for the first time since Sunni Islamist-led rebels overthrew President Bashar al-Assad in December. A BBC map showing Syria, Israel, the occupied Golan Heights and Suweida city Minority groups including the Druze - whose religion is an offshoot of Shia Islam with its own unique identity and beliefs - are suspicious of Sharaa and his government, despite his pledges to protect them. Their fears have been heightened by several outbreaks of sectarian violence over the past eight months, including one in May in which dozens of people were reportedly killed in clashes between Druze, security forces, and allied fighters in Damascus and Suweida. In the wake of that fighting, the government reached an agreement with Druze militias to hire local security forces in Suweida province from their ranks. The continued control of Suweida by the militias sparked tensions with Bedouin tribes backed by the government. Netanyahu has said he is committed to preventing harm to the Druze in Syria because of their deep ties to those living in Israel and the Israeli-occupied Golan Heights. Hundreds of Druze crossed the heavily fortified frontier with Syria on Wednesday, prompting Israeli troops to fire tear-gas in an attempt to stop them. Netanyahu urged those with Israeli citizenship to "return to your homes and let the [Israeli military] take action". Israel said the significant escalation of its bombing campaign was aimed at making the Syrian government immediately withdraw its forces from Suweida province. Defence Minister Israel Katz wrote on X on Wednesday afternoon that "the warnings in Damascus" had ended and that the Israeli military would "continue to operate vigorously in Suweida to destroy the forces that attacked the Druze until they withdraw completely". He later posted that "the painful blows have begun", above a video clip showing a TV presenter diving under a desk live on camera as an Israeli air strike hit the nearby entrance to the Syrian defence ministry in Umayyad Square, in central Damascus – where huge crowds celebrated Assad's downfall last year. A separate strike on what the Israeli military called a "military target in the area" of the presidential palace underscored the severity of Israel's warning to Sharaa. Fadi Al Halabi, a London-based Syrian filmmaker who is visiting Damascus, said he was nearby when he heard the Israeli fighter jets approach. "People's faces were so afraid. Everyone started running [in] the street. No-one knew where to go. Suddenly the air strike[s] began, targeting some of the most crowded areas, including the ministry of defence," he told the BBC. The Israeli military said it also struck armoured vehicles loaded with heavy machine guns and weapons on their way to Suweida, and firing posts and weapons storage facilities in southern Syria. Syria's foreign ministry said the strikes targeted government institutions and civilian facilities in Damascus and Suweida and killed "several innocent civilians". "This flagrant assault, which forms part of a deliberate policy pursued by the Israeli entity to inflame tensions, spread chaos, and undermine security and stability in Syria, constitutes a blatant violation of the United Nations Charter and international humanitarian law," it added. The Syrian Observatory for Human Rights (SOHR), a UK-based monitoring group, meanwhile reported that the humanitarian situation in Suweida city had rapidly deteriorated. It cited sources as saying there were clashes in several area of the city and that tanks had attacked the national hospital, causing panic among the scores of casualties from the fighting being treated there. They also said there were acute shortages of water and medical supplies. Later, the Syrian health ministry said government forces had entered the hospital and found "dozens of bodies" after "outlaw groups withdrew", according to the official Sana news agency. A man named Hosam told the BBC he was in the centre of Suweida city and had witnessed civilians coming under fire from artillery and snipers. "I lost my neighbour today on the street. One of the snipers shot him. We tried to [get an] ambulance [to take] him to hospital, but we couldn't," he said. Other witnesses and local activists have described scenes of looting and extrajudicial killings. The SOHR says more than 350 people have been killed since Sunday in Suweida province. They include 79 Druze fighters and 55 civilians, 27 of whom were summarily killed by interior ministry and defence ministry forces, according to the group. At least 189 members of the government forces and 18 Bedouin tribal fighters have also been killed in the clashes, it says. It was not immediately possible to verify the SOHR's casualty figures, but Syrian security sources also told the BBC on Wednesday that the death toll was close to 300. The fighting between Bedouin tribes and Druze militias in Suweida is said to have been sparked by the abduction of a Druze merchant on the highway to Damascus last Friday. On Sunday, armed Druze fighters reportedly encircled and later seized a neighbourhood of Suweida city that is inhabited by Bedouin. The clashes soon spread into other parts of Suweida province, with tribesmen reportedly launching attacks on nearby Druze towns and villages. Syria's interior ministry later announced that its forces and those of the defence ministry would intervene and impose order, saying the "dangerous escalation comes in light of the absence of relevant official institutions". However, they were soon accused by Druze residents of looting, setting homes on fire, and humiliating community leaders. Earlier this year, Israel's prime minister demanded the complete demilitarisation of Suweida and two other southern provinces. He said Israel saw President Sharaa's Sunni Islamist group, Hayat Tahrir al-Sham (HTS), as a threat. HTS is a former al-Qaeda affiliate that is still designated as a terrorist organisation by the UN and UK, but no longer by the US. The Israeli military has already carried out hundreds of strikes across Syria to destroy the country's military assets since the fall of the Assad regime. And it has sent troops into the UN-monitored demilitarised buffer zone between the occupied Golan Heights and Syria, as well as several adjoining areas and the summit of Mount Hermon. — BBC
