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 mark.
About Author
More Stories
‘Morally repugnant’: Brazilian workers sue coffee supplier to Starbucks over ‘slavery-like conditions’
EU fines Apple and Meta for breaching fair competition rules
US and China holding talks on trade war, Trump says after Beijing rebuttal