Hamas has rejected an Israeli order for more than a million Palestinians to evacuate northern Gaza ahead of an expected ground invasion.
Oil prices continued to rise on Friday as worries over the escalation of war in the Middle East—a critical region for crude supply—continued with Israel poised for a ground invasion of Gaza in the wake of the unprecedented attack by Hamas terrorists last weekend.
“That’s quickly becoming another headache for policy makers,” said Sophie Lund-Yates, an analyst at broker Hargreaves Lansdown. “Geopolitical situations such as these can change direction at short notice and have the ability to rattle markets and energy prices in a big way,” said Lund-Yates. “Investors are wary of the unknown so this is keeping a lid on market performance until a clearer trajectory toward peace is found.”
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