Israel-Hamas Conflict Stokes Oil Price Fears as Investors Worry About Supply Disruptions

Tensions between Israel and Hamas causing oil prices to rise as investors fear impact on global supply.

Israel allowing Gaza residents to evacuate south as ground assault prepares.

Oil prices rose 6% Friday, S&P down 0.5% as investors price in wider conflict risks.

Natural gas prices surged to highest since March as Israeli gas field shut down.

If conflict expands, likely to drive inflation higher and spur central banks to hike rates faster.