Oil price jumps and airline shares fall as Hamas attack on Israel rattles markets – business live ...Middle East

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Oil price jumps and airline shares fall as Hamas attack on Israel rattles markets – business live
Introduction: Oil jumps as Middle East conflict shakes markets Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The oil price has jumped over 3% this morning as financial markets are rattled by the Israel-Hamas war: Brent crude has jumped back to $89 per barrel this morning, recovering a chunk of last week’s losses, on fears that the surprise Hamas attack on Israel could escalate further, lifting tensions across the Middle East and hitting output from leading oil producers. The risk of sanctions and oil supply shocks in the Middle East has driven up both gold and crude prices, reports Kyle Rodda, senior financial market analys

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