Middle East violence rattles markets, oil jumps

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Middle East violence rattles markets, oil jumps
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LONDON - Hamas' assault on Israel drove oil prices higher on Monday as markets priced in fears of a wider conflict in the Middle East, a day after Israel pounded the Palestinian enclave of Gaza in retaliation for one of the bloodiest attacks in its history.

- West Texas Intermediate crude was at $86.84 a barrel, up 3.7%. Both benchmarks had jumped more than $4 a barrel earlier, before easing slightly. "U.S. Secretary of State Blinken said over the weekend that there was no evidence of Iran being"directly involved" in the attack on Israel, but there is indeed a longstanding relationship between Iran and Hamas.""From a geopolitical perspective, this war is different from the one in 1973 because the political and the geopolitical landscape is unalike.

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