What Oil Traders Are Watching After Shock Attack on Israel
- As oil prices jump on the conflict, the focus is on escalation
- Traders are eyeing shipping routes and US stance on sanctions
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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.