Israeli soldiers wounded in bus shooting in occupied West Bank | Israel-Palestine conflict News

The incident took place just days after the Israeli army killed two Palestinians during raids in the occupied West Bank.

At least five Israeli soldiers and a driver have been wounded in a shooting in a bus they were in in the occupied West Bank, military authorities and medics said on Sunday.

The incident, in which Israeli authorities said two suspected gunmen were detained as they tried to escape, took place within driving distance of Jenin and Nablus. Palestinian cities that have seen months of intensive and deadly Israeli military raids.

Witnesses said Palestinians in a car overtook the bus, spraying it with bullets and, when it came to a halt, tried to torch it. Israeli TV aired footage of a car ablaze after, it said, a fire bomb went off inside.

There was no immediate Palestinian claim of responsibility though.

A spokesman for Hamas praised the attack as “proof that all attempts by the Occupation (Israel) to stop the escalating resistance operations in the West Bank have failed”.

The road, where the incident occurred, is dotted with Israeli settlements and Palestinian villages and towns.

Israel occupies the West Bank, including East Jerusalem, and has built more than 200 settlements with more than half a million settlers. Israeli settlements on Palestinian lands are considered illegal under international law. The settler expansion is also an obstacle to peace with the Palestinians, who seek the territory to be part of their future state.

Shooting spree

Matti Carmi, from the Magen David Adom emergency medical services, said “two gunshots victims” were treated outside the bus. The two were conscious and were airlifted to hospital in the Israeli coastal city of Haifa.

Three others were hit with glass fragments and subsequently transferred by road to another hospital in northern Israel, MDA said.

A photograph published by a union representing bus drivers showed the vehicle’s windscreen peppered with bullet holes.

Israeli Defence Minister Benny Gantz said Israeli forces “immediately went in pursuit and got their hands on suspects in the attack”.

Sunday’s incident follows a shooting spree last month on an Israeli bus in occupied East Jerusalem, which Israel captured in the 1967 Middle East war and subsequently annexed, in a step never recognised by the international community.

Eight people, including several American citizens, were wounded in that pre-dawn attack near the Old City of Jerusalem.

Following an hours-long manhunt, police said a suspect had handed himself in.

The incident comes just days after the Israeli army killed two Palestinian men during two separate raids in the West Bank – one in al-Ain refugee camp in Nablus and the other in Umm al-Sharayet, a neighbourhood south of Ramallah and al-Bireh.

Dozens of Palestinians have been killed by Israeli forces for allegedly attempting to carry out stabbing or car-ramming attacks. Human rights groups accuse Israeli forces of deliberately killing Palestinians even though there is no risk to their lives.

Explainer: Will capping Russian oil prices actually work? | Explainer News

For the plan to be effective, other countries will have to take part -particularly large nations – such as India and China, some of Russia’s most important clients.

Capping the price of Russian oil, an approach G7 members said they want to pursue “urgently,” would be an unprecedented move and one which some analysts say could backfire.

How would a cap work?

Russian oil would be purchased at a discount from prevailing market prices, to limit Moscow’s profits as it prosecutes its war against Ukraine. But it would keep the price above the cost of production to ensure incentive for its export.

The discounted rates, calculated separately for crude oil and refined petroleum products, could be regularly revised, according to a US Treasury official.

Are there any precedents?

There have been international systems aimed at preventing a nation from exporting oil – such as those now aimed at Iran and Venezuela – or at limiting trade, as in the UN “Oil-for-Food” programme which, from 1995 to 2003, allowed Iraq to sell oil but only to pay for food, medicine and humanitarian needs.

But there has never been an attempt to impose a differentiated price on a country.

Rafael Mariano Grossi
A Russian official shows International Atomic Energy Agency chief Rafael Grossi unexploded ordnance at the Zaporizhzhia nuclear power plant in southeastern Ukraine [File: Yuri Kochetkov/EPA]

Will others join the G7 plan?

G7 members – Britain, Canada, France, Germany, Italy, Japan and the United States – have already limited or suspended their Russian petroleum purchases. But for the plan to be effective, other countries will have to take part – particularly big countries such as India and China, some of Russia’s most important clients.

While the G7 plan offers the prospect of lower prices, “China and India are already getting cheaper – cheap enough – oil,” said Bill O’Grady of Confluence Investment.

John Kilduff of Again Capital agrees: “Russia could say: ‘Look, we’re just going to sell this oil at this price. We’re not going to sell it to Europeans.’”

“I don’t think that the Chinese or the Indians or the Turkish will go on” with the G7 plan, he said, noting those countries had not joined in Western sanctions punishing Russia for the Ukraine war.

“I think the flows to those countries from Russia will continue.”

INTERACTIVE Ukraine Refugees Day 193

How will Russia react?

For the price cap to work, Russia will have to yield to the pressure and continue exporting to the participating countries.

But Russia’s Deputy Prime Minister Alexander Novak warned on Thursday that Moscow would not sell petroleum products to countries capping their price. Global oil prices rose on Friday.

Kilduff attributed that at least partly to the G7 announcement. He said it raised fears of a contraction in world supply and a damaging new surge in prices.

If petroleum prices have declined from their peaks shortly after the Russian invasion in February, they remain historically high and extremely volatile.

Pipes at the landfall facilities of the 'Nord Stream 1'
Pipes at the facilities of the Nord Stream 1 gas pipeline in Lubmin, Germany[File: Hannibal Hanschke/Reuters]

Would a cap undercut European sanctions?

The European Union – with the exception of three members – is preparing not only to ban Russian petroleum imports as of December 5 but also to block European insurers from covering transport costs to non-EU destinations.

“I do think that Washington is really uncomfortable” with those insurance restrictions, said O’Grady, adding they would “really be a big deal”.

“Roughly 90 percent of maritime petroleum transport is insured by EU and British parties. I think the administration’s afraid that if that [the insurance ban] gets put into place, that Russian supplies will really fall,” O’Grady said.

The price-capping plan, initiated by the US and then endorsed by the G7, would exempt from the embargo the transport of cargo sold at reduced price – limiting its effect.