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Why Biden will lose if gas prices keep rising — as they seem set to doBEIJING, Oct 9 — Oil prices jumped more than $3 a barrel in early Asian trade on Monday, as dramatic military clashes between Israeli and Hamas forces over the weekend deepened political uncertainty across the Middle East.
A normalization of Saudi-Israeli relations would likely freeze recent moves toward detente between Saudi Arabia and Iran.
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Israel-Hamas conflict live updates: Netanyahu declares war after Hamas attackThis is additional taxonomy that helps us with analytics
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Israel-Hamas War Endangers Oil Market's Hope for Saudi-Israeli DealThe Biden administration has been attempting to broker an agreement in which the Saudis would formally recognize Israel.
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‘Knee-jerk surge': Oil experts predict market impact of Israel-Hamas conflictOil prices could spike Monday following an attack by Palestinian militants Hamas on Israel, industry experts forecast, adding the overall impact may be limited.
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Oil traders say Hamas attack on Israel puts focus on Iran, Saudi ArabiaConflict could put end to growing Iranian crude exports, tightening supply
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What Israel-Hamas war means for oil prices and financial marketsAnalysts say conflict could put end to growing Iranian crude exports, tightening supply
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Oil prices jump 3% after Hamas attack on IsraelWilliam Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C., newsrooms.
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