The escalation of the Israeli-Palestinian conflict has sparked fears over potential oil supply disruptions in the region Global oil prices saw a sharp increase on Wednesday amid fears that the conflict between Israel and the armed Palestinian group Hamas could spread to other countries in the Middle East, causing global oil supply disruptions. Markets across the world factored in risk premiums after an apparent missile strike on a hospital in Gaza City killed hundreds of civilians, including doctors, patients and people taking shelter. Both sides have blamed each other for the incident. Brent crude futures advanc
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