IEA: Oil markets on ‘tenterhooks’ over fears Israel-Hamas war may spillover into regional conflict


Source: upi.com upi.com

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The International Energy Agency warned Thursday the Israel-Hamas war had caused a spike in geopolitical risk in the Middle East that had put energy markets "on tenterhooks" over the potential for interruptions to the global oil supply. File photo by EPA/STR Oct. 12 (UPI) -- A spike in geopolitical risk in the Middle East caused by the Israel-Hamas war has put global energy markets on edge, the International Energy Agency warned Thursday. Saturday's unprecedented Hamas assault on Israel saw traders price in a risk premium of between $3 and $4 per barrel when markets re-opened late Sunday night over supply...