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Oil surged as much as 5% after the broadest and bloodiest attack on Israel in decades threatened to inflame tensions in the Middle East, the source of around a third of the world’s crude.
Oil prices soared more than four percent Monday after Hamas launched an attack on Israel at the weekend, sparking concerns about possible supply shocks from the crude-rich region.
Israeli forces find tunnel near Kfar Aza; 70 terrorists infiltrate Be’eri overnight, most killed in battle; cabinet secretary says new war with Gaza 'planned to be the last one’
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."But with Middle East analysts considering this to be a pivotal moment for Israel, the view looks incendiary in any current scenario."