Oil prices surged today as the Israel-Hamas conflict escalated, raising concerns about renewed instability in the Middle East. Crude oil prices rose by over 2% due to fears that the conflict could disrupt oil supplies from the region. The Middle East is a major oil-producing area, and any disruption in supply could impact global oil markets. This development adds to existing concerns about oil prices, which have already been rising due to supply chain issues and increasing demand as economies recover from the pandemic.
Oil Prices Surge Amid Escalating Israel Conflict
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