The Media Line: Concerns Mount Over Supply Impact Despite Limited Oil Price Increase Amid Israel-Hamas Conflict

Over six months after the beginning of the Israel-Hamas war, its effects on oil prices have reduced to relatively limited changes. Nevertheless, worries about potential disruptions in the oil supply remain

By Debbie Mohnblatt/The Media Line

On Monday, crude oil prices dropped by $1, coinciding with renewed diplomatic efforts by the US Secretary of State Anthony Blinken during his visit to the Middle East. Following visits to Jordan and Saudi Arabia, Blinken arrived on Tuesday in Israel in a bid to reach a hostage deal and a truce.