Blinken: We are determined to prevent escalation

<ul><li>Need to set conditions for durable, sustainable peace for Palestinians and Israelis</li><li>Will be talking about concrete steps to minimize harm to men, women and children in Gaza</li><li>Democracies have responsibility to protect civilians</li><li>Exports more aid trucks in coming days</li></ul><p>It's tough to see a coherent strategy from the US here. They seem to be drawing a line between themselves and Israel or signalling to Iran that they don't want escalation. In any case, I think the market has given up the oil risk premium, which is a sign it won't spread; though there are certainly some who would dispute that.</p>

This article was written by Adam Button at www.forexlive.com.