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The Israeli defence minister, Israel Katz, said that the Israeli military would not withdraw from southern Lebanon despite pressure from the United States (US) as fighting in Lebanon continues to be an obstacle to permanent peace, the Guardian reported on Thursday.
“The IDF is prepared … and we are not retreating. We announced that in any case we are not withdrawing, and as of this moment – and this is a political achievement – there is no American demand for Israel to withdraw from Lebanon,” said Katz.
Market reaction
At press time, the WTI Oil price trades 0.91% lower at around $69.15.
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