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Markets Hold Steady as Iran Deal Hopes Lift Sentiment — April 14, 2026

MoneySavings.ca  ·  Daily Market Brief Tuesday, April 14, 2026  ·  Morning Edition Markets hold steady as Iran deal hopes lift sentiment S&P 500 Futures 6,936 ▲ +0.20% Nasdaq Futures 25,647 ▲ +0.40% Dow Futures 48,501 ▲ +0.16% WTI Crude $96.31 ▼ −2.80% easing North American markets are poised for a steady open on Tuesday as investors grow cautiously optimistic about a potential U.S.-Iran agreement. U.S. stock futures held firm after the major averages posted strong gains the previous session, with the S&P 500 fully erasing its war-driven losses. Oil prices offered some relief for consumers, with WTI crude pulling back nearly 3% to around $96.31 per barrel — easing from Monday's spike above $104. Asian markets also opened higher overnight, with Japan's Nikkei 225 rising 2.43% and Hong Kong's Hang Seng gaining 1%, both t...

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EU-Israel Relations Strain as Spain and Ireland Recognize Palestinian State

 

Relations between the European Union (EU) and Israel have taken a sharp downturn following the formal recognition of a Palestinian state by EU members Spain and Ireland. The situation escalated on the eve of this diplomatic recognition, with Madrid suggesting that sanctions should be considered against Israel due to its continued attacks in the southern Gaza city of Rafah.

Spain’s Decision and Israeli Response Spain’s Foreign Minister, Jose Manuel Albares Bueno, announced the recognition of a Palestinian state, a move that has drawn strong reactions from Israel. In response, Israeli Foreign Minister Katz informed Spain that its consulate in Jerusalem would no longer be allowed to assist Palestinians. The tension between the two nations reflects the broader complexities of the Israeli-Palestinian conflict.

EU’s Stance and the International Criminal Court Adding to the strain, the EU’s foreign policy chief, Josep Borrell (a Spaniard), expressed support for the International Criminal Court (ICC). The ICC’s prosecutor is seeking an arrest warrant against Israeli Prime Minister Benjamin Netanyahu and other leaders, including those from Hamas. Borrell’s endorsement of the ICC’s actions further fueled the heated exchange between the EU and Israel.

The Weight of Antisemitism Accusations Borrell’s statement also touched on the sensitive issue of antisemitism. He acknowledged that the term “antisemitic” carries significant weight and emphasized the importance of using it judiciously. His remarks underscore the delicate balance between addressing legitimate concerns and avoiding inflammatory language.

Spain’s Move: Rewarding Terror or Diplomatic Gesture? Israeli Foreign Minister Katz accused Spain of “rewarding terror” by recognizing a Palestinian state. He invoked historical references, stating that “the days of the Inquisition are over.” The recognition decision has implications not only for bilateral relations but also for the broader dynamics in the Middle East.

As the situation unfolds, the EU-Israel relationship remains strained, and the impact of these diplomatic moves reverberates across the international stage. The recognition of a Palestinian state by Spain and Ireland has set the tone for further discussions and potential actions in response to the ongoing conflict in the region.

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