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After the eruption of war in Israel, there is a looming thread of disruption in oil trade and its impact on the trading marke. Current scenario has left investors speculating about the possibility of expansion of the conflict to rest of the region
Oil traders are closely watching the conflict between Israel and Hamas, with concerns over its potential impact on oil supply and prices. While there is no immediate threat to supply, attention is focused on Iran, a major oil producer and backer of Hamas. A retaliatory strike against Iran or any disruption in the Strait of Hormuz would significantly affect the market.