Oil prices fell Monday as Israel stepped up ground attacks on Hamas targets in Gaza but held back from a full-on incursion, fanning hopes a wider conflict can be avoided. Thousands of civilians have been killed on both sides since the conflict was triggered by an unprecedented attack on Israel by Hamas on 7 October.
Oil prices fell Monday as Israel stepped up ground attacks on Hamas targets in Gaza but held back from a full-on incursion, fanning hopes a wider conflict can be avoided.
Thousands of civilians have been killed on both sides since the conflict was triggered by an unprecedented attack on Israel by Hamas on 7 October.The threat of a wider conflict remains, with Iran saying the battle could"force everyone to take action", while US NationalBut observers said there was a sense of relief among investors for now, easing crude supply worries and taking some pressure off prices.
There was little relief for investors from data showing the Fed's preferred gauge of inflation remained at 3.4 percent in September, the same as the previous two months.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Israel 'expanding' troops in Gaza, Hamas to counter with 'full force'Israel 'expanding' troops in Gaza, Hamas to counter with 'full force'
Read more »
Over 70% of French People Fear Attack Similar to Hamas' October 7 Strikes on IsraelSouth Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Read more »
Israel presses ground campaign against Hamas - SABC News - Breaking news, special reports, world, business,Gaza's besieged residents faced a near-total communications and Internet blackout.
Read more »
Israel ‘hits hundreds of Hamas targets’; ‘limited’ internet and phone coverage restored to GazaIsrael said it had hit hundreds of Hamas targets and also responded to rocket launches from Lebanon tied to Iran-backed Hezbollah.
Read more »
Hungarian Foreign Minister Szijjarto Says Important to Avoid Large War in Middle EastSouth Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Read more »
Moscow Warns Against Foreign Actors Seeking to Ignite Major War in Middle EastSouth Africa Today, News source, provides breaking news on South Africa, world, Africa, sport, travel and more.
Read more »