Israel-Hamas conflict raise oil supply fears

By Agence France-Presse

Oct 11, 2023 12:10 am

HONG KONG: Oil prices rallied while the dollar and yen advanced on Monday after Hamas launched a shock attack on Israel at the weekend, sparking fresh concerns about tensions in the Middle East.

The crisis fanned concerns about supplies of crude from the region at a time when supply worries are already high owing to Saudi Arabia and Russia's output cuts.

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