GERMANY AND AUSTRIA TO TAP OIL RESERVES AFTER 400 MILLION BARRELS REQUESTED. (PHOTO).

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 Germany and Austria to tap oil reserves after 400 million barrels requested  Germany and Austria announced they are releasing portions of their oil reserves in response to an International Energy Agency request for member nations to collectively release 400 million barrels to help ease rising energy prices linked to the Iran conflict. Japan also said it will begin releasing part of its reserves starting Monday. The move marks one of the largest coordinated releases of emergency oil stocks in history. The previous record came in 2022, when IEA members released 182.7 million barrels following the energy disruptions caused by Russia’s invasion of Ukraine. Member countries currently hold over 1.2 billion barrels of public emergency oil stocks, along with an additional 600 million barrels of industry stocks maintained under government requirements. The release comes amid heightened tensions in the Persian Gulf, where Iran has targeted commercial ships and disrupted shipping throug...
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INSIDE PRESIDENT BIDEN'S POINTED PHONE CALL WITH BENJAMIN NETANYAHU. (PHOTO).

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 Inside President Biden’s pointed phone call with Benjamin Netanyahu


President Joe Biden ticked through several things that he needed to see Israeli Prime Minister Benjamin Netanyahu do immediately: open up the Erez crossing into northern Gaza and the port of Ashdod in southern Israel for humanitarian aid; significantly ramp up the supplies getting in through Kerem Shalom


A person familiar with the Thursday call paraphrased Netanyahu as responding: “Joe, we’re gonna do it.”


But Biden wasn’t finished. The prime minister must announce the moves that evening, the president insisted.


By Thursday night, the Israeli security cabinet had approved those three measures to increase humanitarian aid entering the besieged enclave.


The relatively brief phone call between the two leaders this week marked the first time since Hamas’ attack on Israel in October that Biden threatened Netanyahu with serious 


consequences if Israel did not change the way it was waging its war in Gaza. Biden, who has remained steadfast in his support of Israel’s right to defend itself — even amid growing political backlash at home — warned the prime minister that if conditions did not rapidly improve for civilians in the strip, he would reconsider how the US was backing Israel in the conflict.

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