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Israel-Hamas war to spike oil and torch Asia

Oil prices surge 5% in Hamas attack aftermath and could go much higher depending on who gets attacked next

by William Pesek October 9, 2023October 10, 2023

Big Oil needs to pay up for the environmental harm caused by burning fossil fuels, a case in Boulder, Colorado, argues. Photo: Asia Times Files / NurPhoto / Giorgos Georgiou

TOKYO – Suffice to say, virtually no one in Asia had a 5%-plus surge in oil prices in a single day in October on their economic Bingo cards. This surprise might pale in comparison to the intelligence failures from Jerusalem to Washington surrounding the shock attacks by Hamas on Israel over the weekend. But the […]