Israel-Hamas Journal: October 19, 2023
If Biden calmed tensions, why are gold and oil on the move?
Bloomberg dropped an article this afternoon detailing how the US’s diplomatic efforts have succeeded in persuading Israel to tone down the scale of its invasion of Gaza.
The Biden administration wants to preserve the peace deal between Israel and Saudi Arabia and does not want to get involved in a broader conflict. Given the Biden administration was born out of the Obama administration, which was openly pro-Iran, can their intentions be trusted just 12 months out from an election?
I’ll let the price of oil and gold decide. At least for today, oil and gold are calling BS.