Middle East Tensions Push Oil Prices Higher But Impact on Supply Unclear
- Brent oil futures rise to one-week high on Middle East tensions
- Israel-Hamas hostilities raise concerns about disruption to global crude supplies
- U.S. strikes on Iran briefly push prices higher before pullback on mediation hopes
- Still unclear if Middle East instability will directly impact oil exports
- Some see lower Iranian exports pushing up oil prices if crisis escalates
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