Israeli Airlines Launch First Direct Flights to Morocco

An Israeli worker sprays disinfectant on the stairs of an Israir airplane at Ben Gurion airport near Israel’s Tel Aviv, in this file picture taken on June 14, 2020, amid the Covid-19 pandemic. (AFP)
An Israeli worker sprays disinfectant on the stairs of an Israir airplane at Ben Gurion airport near Israel’s Tel Aviv, in this file picture taken on June 14, 2020, amid the Covid-19 pandemic. (AFP)
TT

Israeli Airlines Launch First Direct Flights to Morocco

An Israeli worker sprays disinfectant on the stairs of an Israir airplane at Ben Gurion airport near Israel’s Tel Aviv, in this file picture taken on June 14, 2020, amid the Covid-19 pandemic. (AFP)
An Israeli worker sprays disinfectant on the stairs of an Israir airplane at Ben Gurion airport near Israel’s Tel Aviv, in this file picture taken on June 14, 2020, amid the Covid-19 pandemic. (AFP)

Two Israeli airlines launched their first commercial flights between Israel and Morocco on Sunday, less than a year after the countries officially normalized relations.

Israir's flight departed Tel Aviv for Marrakech with around 100 Israeli tourists, the company said, hours before Israeli national carrier El Al dispatched its first direct flight to the same destination.

Israeli Tourism Minister Yoel Razvozov said the new direct flights would “help advance fruitful tourism, trade and economic cooperation and diplomatic agreements between the two countries.”

Israel and Morocco agreed to normalize relations in late 2020 as part of the US-brokered “Abraham Accords.” Morocco was among four Arab nations, including the United Arab Emirates, Bahrain and Sudan, to establish diplomatic relations with Israel.

As part of the deal, the United States agreed to recognize Morocco’s claim to the long-disputed Western Sahara region.

Many Israeli Jews have lineage that traces back to Morocco, which is still home to a small Jewish community of several thousand.

El Al said in a statement before the departure of its first flight that the company plans to operate five flights per week between Israel and Morocco.

“We hope that now many can know Morocco better, to experience and be excited by this special country that is deeply rooted in Israeli heritage, culture and experience,” said El Al CEO Avigal Sorek.



Oil Prices Held Down by Trump Tariff Uncertainty

FILE - Pump jacks extract oil from beneath the ground in North Dakota, May 19, 2021. (AP Photo/Matthew Brown)
FILE - Pump jacks extract oil from beneath the ground in North Dakota, May 19, 2021. (AP Photo/Matthew Brown)
TT

Oil Prices Held Down by Trump Tariff Uncertainty

FILE - Pump jacks extract oil from beneath the ground in North Dakota, May 19, 2021. (AP Photo/Matthew Brown)
FILE - Pump jacks extract oil from beneath the ground in North Dakota, May 19, 2021. (AP Photo/Matthew Brown)

Oil prices were little changed on Thursday, maintaining almost all of the previous session's losses on uncertainty over how US President Donald Trump's proposed tariffs and energy policies would affect global economic growth and energy demand.

Brent crude futures were up 18 cents at $79.18 a barrel by 1315 GMT. US West Texas Intermediate crude (WTI) rose 14 cents to $75.58.

"Oil markets have given back some recent gains due to mixed drivers," said Priyanka Sachdeva, senior market analyst at brokerage Phillip Nova.

"Key factors include expectations of increased US production under President Trump's pro-drilling policies and easing geopolitical stress in Gaza, lifting fears of further escalation in supply disruption from key producing regions."

The broader economic implications of US tariffs could further dampen global oil demand growth, she added, Reuters reported.

Trump has said he would add new tariffs to his sanctions threat against Russia if the country does not make a deal to end its war in Ukraine.

He also vowed to hit the European Union with tariffs and impose 25% tariffs against Canada and Mexico. On China, Trump said his administration was discussing a 10% punitive duty because fentanyl is being sent from there to the United States.

On Monday he declared a national energy emergency intended to provide him with the authority to reduce environmental restrictions on energy infrastructure and projects and ease permitting for new transmission and pipeline infrastructure.

There will be "more potential downward choppy movement in the oil market in the near term due to the Trump administration's lack of clarity on trade tariffs policy and impending higher oil supplies from the US", OANDA senior market analyst Kelvin Wong said in an email.

On the US oil inventory front, crude stocks rose by 958,000 barrels in the week ended Jan. 17, according to sources citing American Petroleum Institute figures on Wednesday.

Gasoline inventories rose by 3.23 million barrels and distillate stocks climbed by 1.88 million barrels, they said.