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• ☕️What Else is Brewing Tuesday Morning
  Israel rejects cease-fire plan okayed by Hamas as Rafah operation...
  Israel rejects cease-fire plan okayed by Hamas as Rafah operation begins. After ordering Palestinians to evacuate from parts of Rafah, a southern Gaza city to which 1 million people have fled during the Israel–Hamas war, Israel began airstrikes there. The beginning of the offensive in Rafah, which Israel has been planning despite opposition from the US, came as Hamas announced that it agreed to a cease-fire proposal mediated by Egypt and Qatar. However, the version of the deal Hamas embraced was not one Israel had signed on to, and Israel’s war cabinet rejected it, saying it was “far from” meeting its demands. However, Israel also sent negotiators to the mediators to continue working toward a cease-fire agreement.
  
  Columbia canceled its university-wide graduation ceremony, citing security concerns after the campus spent weeks as the epicenter of student protests against Israel’s actions in Gaza. It still plans to have smaller events for specific schools.
  
  Qantas will pay a $79 million fine for selling seats on flights that had already been canceled.
  
  The judge overseeing Donald Trump’s hush money trial once again found he had violated a gag order (it’s the 10th time), fined Trump $1,000, and threatened him with jail time for future violations.
  
  Some cases of Alzheimer’s disease might be caused by having two copies of a genetic variant that has long been associated with the ailment, a new study showed.
  
  The launch of the first crewed mission to space aboard a Boeing Starlink rocket was scrubbed last night. They may try again tonight.
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• Closing Oil & Gas Prices
  Benchmark U.S. crude oil for June delivery ...
  Benchmark U.S. crude oil for June delivery rose 37 cents to $78.48 per barrel Monday. Brent crude for July delivery rose 37 cents to $83.33 per barrel.
  
  Wholesale gasoline for June delivery rose 3 cents to $2.59 a gallon. June heating oil rose to $2.46 a gallon. June natural gas rose 5 cents to $2.19 per 1,000 cubic feet.
  
  
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• Dow ends more than 150 points higher as renewed rate-cuts hopes boost investors
  U.S. stocks ended higher on Monday, as expectations that the Fed will...
  U.S. stocks ended higher on Monday, as expectations that the Fed will cut interest rates later this year provided a boost.
  
  The Dow Jones Industrial Average ended up 0.5%, posting its fourth consecutive daily gain, according to preliminary closing data from FactSet. The S&P 500 closed up 1% in its third straight daily gain, and the Nasdaq Composite went up 1.2%.
  
  
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• Oil higher as Rafah invasion looms and Saudis boost Europe and Asia pricing
  Oil futures rose early Monday, lifted as cease-fire talks between Israel...
  Oil futures rose early Monday, lifted as cease-fire talks between Israel and Hamas appeared to bear no fruit and after Saudi Arabia's state-controlled petroleum company raised June crude prices for customers in Asia and Europe.
  
  Both West Texas Intermediate crude and Brent, the global benchmark, were higher after falling by 6% or more last week as optimism over cease-fire negotiations saw a risk premium tied to fears of a wider war shrink. Those talks appeared to bear no fruit, with Israel signaling that an invasion of Rafah in Gaza was imminent.
  
  Meanwhile, Saudi Aramco over the weekend lifted the premium it will charge for its flagship Arab Light crude and other grades shipped to Northwest Europe, Asia and the Mediterranean -- a sign of strong demand.
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• Israeli war updates
  The Biden administration ...
  The Biden administration put on hold a shipment of US-made ammunition to Israel, the first time it’s paused a weapons shipment to the country since Oct. 7, per Axios. Hamas’s armed wing claimed responsibility for a rocket attack on the Kerem Shalom border crossing between Gaza and Israel, which is now closed to humanitarian aid. Two days of ceasefire talks ended in Cairo, with the Hamas delegation headed to Qatar to discuss the proposal. If Hamas does not accept the terms, Israel threatened to push into the city of Rafah “in the very near future.”
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