LONDON – The escalation of hostilities between Israel and Hamas could further strain global oil and gas supplies, already disrupted by Russia’s invasion of Ukraine, experts have warned.
Increases in oil prices in response to the conflict, triggered by the bloody attack by Hamas in Israel on October 7, have so far been relatively mild.
Brent, the European benchmark, has gained around 10%, while its American equivalent has gained around 9%.
Prices are around $90 per barrel, still far from their…
