Oil steady with fallout from Israel-Hamas war still contained
Oil held onto most of Monday’s surge as the Israel-Hamas war remained contained and Saudi Arabia pledged to help ensure market stability.
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Oil held onto most of Monday’s surge as the Israel-Hamas war remained contained and Saudi Arabia pledged to help ensure market stability.
Oil prices rallied while the dollar and yen advanced Monday after Hamas launched a shock attack on Israel at the weekend, sparking fresh concerns about tensions in the Middle East. The crisis fanned concerns about supplies of crude from the region at a time when supply worries are already high…
Brent shows rise of around 5% on Monday over concerns that Iran's support for Hamas may jeopardize Iranian supply
Oil surged more than 4 percent after Hamas’ surprise attacks on Israel over the weekend, the broadest and bloodiest in decades, threatened to inflame tensions in the Middle East, home to almost a third of global supply.
Traders fear an escalation of the conflict could prompt a more devastating proxy war embroiling the US and Iran. Read more at straitstimes.com.