The conflict with Hamas will negatively affect GDP in 2023 and 2024, according to the rating agency Israel’s economy will contract 5% in the fourth quarter of this year amid rising geopolitical and security risks due to the conflict with Palestinian military group Hamas, credit rating agency S&P said in a report this week.

One of the world’s key crude routes, the Caspian Pipeline Consortium (CPC), suspended oil loading at its Black Sea marine terminal near Novorossiysk on Wednesday due to “critical” storm-caused damage to the equipment. Crude pumping has been reduced, with operations potentially fully halting in a day.

Sales of road diesel in France saw a significant year-on-year drop of 13% in September, Bloomberg reported this week, citing industry data. Demand for diesel-type fuel at national level signals a slowdown in the country’s manufacturing activity, as it is vital for the transport and industrial sectors of the economy.