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Israel Today: Ongoing War Report - Update from 2025-07-05 at 05:04
HEADLINES
1. Trump Hints at Gaza Ceasefire Next Week
2. Lebanon Protests Erupt Over Deadly Kidnapping
3. OPEC Plans Major Oil Production Boost
The time is now 01:00 AM in New York, I'm Noa Levi and this is the latest Israel Today: Ongoing War Report.
At one o'clock in the morning, this is your comprehensive update on the latest developments shaping the Middle East and global markets.
In a notable diplomatic development, President Donald Trump has indicated that a potential ceasefire agreement in Gaza could materialize as early as next week. Speaking aboard Air Force One, he stated that there might be a deal soon but clarified he has not been briefed on the current negotiations. Meanwhile, regional tensions persist, with Israel's government showing signs of stabilization as Prime Minister Benjamin Netanyahu consolidates power, while opposition leader Naftali Bennett struggles to form a new coalition. A recent poll suggests Netanyahu’s strength, with Eisenkot gaining a mandate, indicating shifting political dynamics within Israel.
In neighboring Lebanon, large-scale protests erupted in Tripoli, demanding the ousting of Prime Minister Abd El-Hamid El-Daaboul. The demonstrations followed the death of civilian activist Abd El-Monem El-Marmouri, who succumbed to injuries sustained after being kidnapped in Sorman. The unrest has led to road blockades, reflecting widespread frustration with the government’s handling of security and political issues. Additionally, in Holon, a 24-year-old man was injured in a street clash, highlighting ongoing domestic instability.
Across the region, the situation in Libya remains volatile. Massive protests in Tripoli called for the removal of Prime Minister Abdul Hamid Dbeibah, with demonstrators accusing authorities of involvement in recent violence and the killing of activist Abd El-Monem El-Marmouri. The protests underscore persistent unrest amid ongoing political uncertainty.
Turning to broader regional security concerns, Iran reports indicate that the Islamic Revolutionary Guard Corps has killed one woman and wounded twelve others during operations aimed at uncovering alleged Israeli spies. The Iranian authorities claim that the suspects are foreign nationals linked to Israel’s intelligence services, amid heightened tensions between Tehran and Jerusalem.
In the United States, political discourse continues around Israel and the Middle East. Support among American voters for pro-Palestinian positions, including Boycott, Divestment, Sanctions campaigns, remains mixed. A recent poll shows that while most New Yorkers are deterred by support for BDS, a significant minority—particularly among younger voters and men—view it as beneficial. Meanwhile, President Trump has suggested that an agreement with Hamas might be reached soon, citing positive responses from the group regarding a ceasefire proposal.
On the economic front, global markets responded to recent geopolitical tensions and energy policies. Oil prices, which had surged above $80 per barrel during recent Israel-Iran hostilities, have since stabilized around $65 to $70. Today, major European stock exchanges experienced declines—Britain’s FTSE 100 remained unchanged, while Germany’s DAX fell by 0.61%, Spain’s IBEX 36 declined 1.48%, and France’s CAC 40 dropped 0.75%. Conversely, Asian markets showed mixed results, with Japan’s Nikkei edging up slightly and Shanghai’s SSE Composite rising modestly, though Hong Kong’s Hang Seng fell by 0.64%.
In energy markets, OPEC+ members are set to meet to discuss increasing crude production, with Saudi Arabia, Russia, and six other nations expected to approve a significant hike—around 411,000 barrels per day—aimed at regaining market share. This decision comes amid a backdrop of stable supply and low inventories, even as some member states have occasionally failed to meet quotas. Analysts suggest th
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