Oil dropped even after Israel opened a new phase of its war against Hamas with a ground invasion of Gaza, with Tel Aviv taking a more cautious approach than it initially vowed.
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Thousands Break into Aid Warehouses in Gaza as Israel-Gaza Conflict IntensifiesThousands of people broke into aid warehouses in Gaza to take essential supplies, highlighting the growing desperation three weeks into the war between Israel and Gaza's militant Hamas rulers.
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Oil and Gas Markets Volatile as Israel Invades GazaOil and gas markets face volatility as Israel begins ground invasion of Gaza. The biggest risk to crude prices is escalation to other regional powers. Concerns of disruption in oil supplies raise upside risks to oil prices.
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Canadian resident fears for father's safety in Gaza as Israel intensifies bombingA Canadian resident in London, Ont. is worried about his father's safety in Gaza as Israel escalates its bombing campaign. The resident has no way of knowing if his father is alive or dead due to the blackout of information in the area. Israel launched a ground operation after knocking out communications and increasing bombardment. Many residents have fled their homes without warm clothes as winter approaches.
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Israel Declines to Confirm Responsibility for Gaza Telecommunications BlackoutIsrael's chief military spokesperson refuses to confirm whether Israel was behind the telecommunications blackout in Gaza, stating that they will do whatever is necessary to protect their forces.
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Israel Declines to Confirm Responsibility for Gaza Telecommunications BlackoutIsrael's chief military spokesperson refuses to confirm whether Israel was behind the telecommunications blackout in Gaza, stating that they will do whatever is necessary to protect their forces.
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Israel Announces Ground Invasion of Gaza Strip in Second Stage of War Against HamasIsrael escalates operations in Gaza with troops, tanks, and artillery, warning of a long and difficult ground invasion. Risks of a broader Middle East conflict rise as internet and communications are cut off in Gaza. Prime Minister Benjamin Netanyahu vows to destroy Hamas and guarantee Israel's existence. Defense Minister Yoav Gallant confirms Israeli troops operating above ground and underground. The operation is expected to involve fierce urban fighting and cause extensive casualties.
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