Netanyahu’s top political rival quits Israeli government
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 09 2024
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Source: SeekingAlpha
- Benny Gantz Resignation: Benny Gantz, leader of the National Unity party, resigned from the government due to a lack of long-term strategy for the war in Gaza and other reasons.
- Implications for Biden Administration: Gantz's resignation has implications for the Biden administration's efforts to end the war in Gaza and secure the return of hostages taken by Hamas militants.
- Israel-Hamas War Updates: Israel rescued 4 hostages abducted in an attack by Hamas on October 7. Hamas is reportedly ready to accept a ceasefire proposal.
- Oil Market Impact: Oil prices experienced back-to-back losses amid ceasefire talks between Israel and Hamas and increased U.S. oil output.
- Military Operations: Israeli military reported engaging in close-quarters combat against Hamas in Gaza City and stated that Hamas' ceasefire proposal did not meet its demands.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
