{"id":377705,"date":"2023-10-09T03:02:00","date_gmt":"2023-10-09T03:02:00","guid":{"rendered":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/10\/09\/global-oil-prices-soar-after-hamas-attack-on-israel\/"},"modified":"2023-10-09T03:02:00","modified_gmt":"2023-10-09T03:02:00","slug":"global-oil-prices-soar-after-hamas-attack-on-israel","status":"publish","type":"post","link":"https:\/\/haftavasool.com\/haftavasool\/blog\/2023\/10\/09\/global-oil-prices-soar-after-hamas-attack-on-israel\/","title":{"rendered":"Global Oil Prices Soar After Hamas Attack On Israel"},"content":{"rendered":"

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The crisis comes as oil prices were already elevated on supply concerns.<\/p>\n<\/div>\n

Hong Kong: <\/b><\/p>\n

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. Brent jumped 4.7 percent to $86.65 and West Texas Intermediate was up 4.5 percent at $88.39 in early Asian business.<\/p>\n

The surprise attack and Israel’s declaration of war in response to it have left more than 1,000 dead and raised concerns that a potential broadening of the conflict could draw in the United States and Iran.<\/p>\n

“Key for markets is whether the conflict remains contained or spreads to involve other regions, particularly Saudi Arabia,” said ANZ Group’s Brian Martin and Daniel Hynes.<\/p>\n

“Initially at least, it seems markets will assume the situation will remain limited in scope, duration, and oil-price consequences. But higher volatility can be expected.”<\/p>\n

The crisis comes as oil prices were already elevated on supply concerns caused by output cuts by Russia and Saudi Arabia, fuelling fresh worries about global inflation.<\/p>\n

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)<\/i><\/p>\n<\/div>\n

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[ad_1] The crisis comes as oil prices were already elevated on supply concerns. Hong Kong: 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. Brent jumped 4.7 percent to $86.65 and West Texas Intermediate was up […]<\/p>\n","protected":false},"author":1,"featured_media":377706,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[76471,447623,447624,446868,48362,446934,48279,47792,68652],"_links":{"self":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/377705"}],"collection":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/comments?post=377705"}],"version-history":[{"count":0,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/posts\/377705\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media\/377706"}],"wp:attachment":[{"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/media?parent=377705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/categories?post=377705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/haftavasool.com\/haftavasool\/wp-json\/wp\/v2\/tags?post=377705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}