JERUSALEM: Israeli Prime Minister Naftali Bennett told the head of Unilever on Tuesday that Israel will “act aggressively” against Ben & Jerry’s over the subsidiary's decision to stop selling its ice cream in the Israeli-occupied West Bank and contested east Jerusalem.
British consumer goods conglomerate Unilever acquired the Vermont-based ice cream company in 2000. Ben & Jerry’s said in a statement on Monday that it had informed its longstanding licensee — responsible for manufacturing and distributing the ice cream in Israel — that it will not renew the license agreement when it expires at the end of 2022.
Bennett's office said in a statement that he spoke with Unilever CEO Alan Jope about what he called Ben & Jerry’s “clearly anti-Israel step,” adding that the move would have “serious consequences, legal and otherwise, and that it will act aggressively against all boycott actions directed against its citizens.”
The announcement was one of the highest-profile company rebukes of Israeli settlements in the West Bank and east Jerusalem, territories Israel captured in the 1967 Mideast war. Most of the international community considers these settlements illegal under international law and an impediment to peace with the Palestinians.
Approximately 700,000 Israelis now live in settlements, around 500,000 in the occupied West Bank and 200,000 in east Jerusalem. Israel considers the entirety of Jerusalem its capital, while the Palestinians seek it as capital of a future state.
Ben & Jerry’s said its announcement that sale of its ice cream in territories sought by the Palestinians for an independent state was “inconsistent with our values.”
Israel's Foreign Ministry criticized the decision on Monday as “a surrender to ongoing and aggressive pressure from extreme anti-Israel groups” and said the company was cooperating with “economic terrorism.”
Avi Zinger, CEO of Ben & Jerry’s Israel licensee, told public broadcaster Kan on Tuesday that the parent company had long pressured him to cease distribution in the Israeli occupied territories, but he refused because it would violate Israeli law.
He called Ben & Jerry’s decision to not extend its license “the biggest accomplishment” of the BDS movement that advocates boycotts, divestment and sanctions of Israeli institutions and businesses in what it says is a nonviolent campaign against Israeli abuses against Palestinians.
Israeli PM vows ‘aggressive’ action over Ben & Jerry’s ban
https://arab.news/vqf7p
Israeli PM vows ‘aggressive’ action over Ben & Jerry’s ban
- Ben & Jerry’s said it will not renew the license agreement with Israel when it expires at the end of 2022
- Ben & Jerry’s said the sale of its ice cream in territories sought by the Palestinians for an independent state was “inconsistent with our values”
Silver crosses $77 mark while gold, platinum stretch record highs
- Spot silver touched an all-time high of $77.40 earlier today, marking a 167% year-to-date surge driven by supply deficits
- Spot platinum rose 9.8% to $2,437.72 per ounce, while palladium surged 14 percent to $1,927.81, its highest level in over 3 years
Silver breached the $77 mark for the first time on Friday, while gold and platinum hit record highs, buoyed by expectations of US Federal Reserve rate cuts and geopolitical tensions that fueled safe-haven demand.
Spot silver jumped 7.5% to $77.30 per ounce, as of 1:53 p.m. ET (1853 GMT), after touching an all-time high of $77.40 earlier today, marking a 167% year-to-date surge driven by supply deficits, its designation as a US critical mineral, and strong investment inflows.
Spot gold was up 1.2% at $4,531.41 per ounce, after hitting a record $4,549.71 earlier. US gold futures for February delivery settled 1.1% higher at $4,552.70.
“Expectations for further Fed easing in 2026, a weak dollar and heightened geopolitical tensions are driving volatility in thin markets. While there is some risk of profit-taking before the year-end, the trend remains strong,” said Peter Grant, vice president and senior metals strategist at Zaner Metals.
Markets are anticipating two rate cuts in 2026, with the first likely around mid-year amid speculation that US President Donald Trump could name a dovish Fed chair, reinforcing expectations for a more accommodative monetary stance.
The US dollar index was on track for a weekly decline, enhancing the appeal of dollar-priced gold for overseas buyers.
On the geopolitical front, the US carried out airstrikes against Daesh militants in northwest Nigeria, Trump said on Thursday.
“$80 in silver is within reach by year-end. For gold, the next objective is $4,686.61, with $5,000 likely in the first half of next year,” Grant added.
Gold remains poised for its strongest annual gain since 1979, underpinned by Fed policy easing, central bank purchases, ETF inflows, and ongoing de-dollarization trends.
On the physical demand side, gold discounts in India widened to their highest in more than six months this week as a relentless price rally curbed retail buying, while discounts in China narrowed sharply from last week’s five-year highs.
Elsewhere, spot platinum rose 9.8% to $2,437.72 per ounce, having earlier hit a record high of $2,454.12 while palladium surged 14% to $1,927.81, its highest level in more than three years.
All precious metals logged weekly gains, with platinum recording its strongest weekly rise on record.
