Oil prices surge over 1% on report of Hamas chief being killed in Iran
Investing.com-- Oil prices rose sharply in Asian trade on Wednesday after reports said that Hamas leader Ismail Haniyeh was killed in by an Israeli strike in Iran's capital, potentially heralding a spike in Middle East tensions.
The move presents a potential escalation in the Israel-Hamas war, which stretched into a ninth month in July. It could also result in a resurgence in tensions between Iran and Israel, after a series of missile strikes between the two earlier this year. Traders were seen attaching a greater risk premium to crude on concerns that a bigger Middle East conflict will disrupt oil supplies from the oil-rich region.
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