[Baltimore Sun] The World Daily Brief for Feb. 26: Hamas, Israel reportedly close to hostage release, ceasefire deal again; the week ahead

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Coming up this week

Belarus voted in parliamentary and local elections yesterday, but that’s hardly news since an opposition boycott already determined the outcome in favor of candidates allied with Pres. Lukashenko.
WTO trade ministers meet this week in Abu Dhabi, and G20 finance ministers and central bankers are also meeting this week.
Israel votes in local elections tomorrow, and Iran will hold parliamentary elections Friday.

Commodity Prices

Aluminum: $2,198/ton
Antimony (ingot min. 99.65% fob China): $13,550/ton
Cobalt: $28,550/ton
Copper: $8,585/ton
Gold: $2,032/ounce
Lead: $2,088/ton
Natural Gas (Nymex): $1.68/MMbtu – this is down 38% over the past month, and the cheapest (adjusted for inflation) since gas started trading on Nymex in 1990; drivers include an unusually warm winter and booming U.S. output
WTI Crude Oil (Nymex): $76.08/barrel
Zinc: $2,387/ton

International News

Gaza

Hamas and Israel are reportedly close to a hostage release/ceasefire deal again, and PM Netanyahu acknowledged that Israel could delay its ground offensive in Rafah – previously slated to start Mar. 10 – to allow time for negotiations to unfold.
The terms of the current deal seemingly call for Hamas to release around 40 hostages in exchange for a six-week ceasefire and the release of several hundred Palestinian prisoners in Israeli jails. READ MORE

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The World Daily Brief for Feb. 21: Russia sanctions, Ukrainian retreat, UN Security Council resolution on Gaza

Ukraine

Pres. Zelensky said Ukraine lost 31,000 Ukrainian soldiers in the first two years of war. READ MORE
Even though Zelensky’s stated purpose in releasing that figure was to counter Russia’s far higher tally (60,000), Zelensky’s number is likely a drastic undercount and Russia’s guess is probably closer to the true figure. U.S. officials think 70,000 Ukrainians have been killed in action to date. READ MORE
To commemorate the second anniversary of the start of the war, the European Commission’s president and the Prime Ministers of Italy, Canada, and Belgium traveled to Kyiv to pledge support for Ukraine “financially, economically, militarily, morally. Until the country is finally free.”

Russia

As expected, the U.S. announced new sanctions over the death of Alexey Navalny and the war in Ukraine. Most of the 93 entities sanctioned on Friday are Russian, but 16 are Turkish, eight are Chinese, and four are Emirati. China criticized the sanctions on its companies. READ MORE

Yemen

Yemen’s Houthi rebels targeted the U.S.-flagged M/V Torm Thor oil/chemical tanker in the Gulf of Aden with three kamikaze drones, but U.S. forces intercepted two of them and the third crashed safely into the water. READ MORE

Afghanistan

Following Qatari mediation, the Taliban released Herbert Fritz, an elderly far-right Austrian nationalist who was arrested last year on suspicion of spying while visiting to research an article he then published entitled “Vacations with the Taliban.” READ MORE
Fritz’s article was intended to show that Afghanistan was safe enough that refugees can be deported back there, and he seemed to maintain that view despite his time in Taliban prison, telling reporters in Doha “I think [his prison ordeal] was bad luck but I want to visit again.”

West Africa

ECOWAS said it would ease certain sanctions against Guinea and Mali, but it didn’t mention the third junta-led country the bloc suspended after its coup: Burkina Faso. READ MORE
All three juntas have announced plans to quit the bloc, but ECOWAS is softening its stance on two of them because it wants to reengage the juntas for talks.

Other News

After stalling and deflecting to his parliament for months, Hungary’s PM Orban finally approved for Sweden to join NATO. In return, he’ll receive four more Swedish-made Gripen fighter jets and a promise from Saab to build an AI research center in Hungary.

The World Daily Brief is composed daily by former CIA and Intelligence officers.

Armstrong Williams (www.armstrongwilliams.com; @arightside) is a political analyst, syndicated columnist and owner of the broadcasting company, Howard Stirk Holdings. He is also part owner of The Baltimore Sun. This column is part of a weekly series written from “The Owner’s Box.”

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