Sky News Business Editor Ross Greenwood says oil prices"jumped sharply" in response to Hamas’ attacks on Israel but have settled as Israeli forces gain control.
Mr Greenwood said “all eyes” are now on Russia and Iran and whether the West will impose sanctions, particularly shipments from Iran. “Before the attacks, Russia and Saudi Arabia cut supply to prevent rapid oil price falls,” Mr Greenwood said.“Today, oil prices eased off a little as Israel's attacks on Gaza continued.”
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