-
What Oil Traders Are Watching After Shock Attack on Israel
The shock attack by Hamas and Israel’s response risk a wider destabilization of the region — and the global oil market is watching. There are sprawling questions about the geopolitical consequences of the conflict, which erupted 50 years after the Yom Kippur war that foreshadowed the 1970s oil crisis. There is no suggestion that the fallout from the current situation will be comparable to what happened back then, but it could alter the geopolitical landscape of the Middle East in unpredictable ways. Israel has broadly pointed the finger at Iran following the attack. Tehran has denied involvement but President ... (full story)