Market Views: Israel-Gaza conflict's impact on oil prices
The conflict between Israel and Gaza has led to turbulence in oil prices. AsianInvestor asks what this event means broadly for commodity markets, investment allocations and monetary policy.
As the Israel-Gaza conflict erupted over the weekend, oil prices surged 4% earlier this week.
Military clashes between Israel and the Palestinian Islamist group Hamas fuelled fears that a wider conflict could hit oil supply from the Middle East.
The conflict threatens to follow 2022's script for markets for oil, energy and commodities when Russia invaded Ukraine.
Even as oil prices fluctuated rapidly, a darkening macroeconomic outlook intensified concerns about global demand. …
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