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Why oil prices are rising amid the Israel-Hamas war

The Guardian - 20 Oct 2023 17:33
Why oil prices are rising amid the Israel-Hamas war To date oil and gas flows from the Middle East remain fairly unaffected - but there are concerns about escalation Israel and Hamas at war - live updates Global oil market prices have climbed for two consecutive weeks since Hamas launched its shock attack on Israeli civilians on 7 October. The deadly offensive sent tremors through the oil markets, causing prices to climb to $94 (£77) a barrel. It also reignited fears among oil traders and economists that markets could breach the $100 a barrel ma...
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