Global markets brace for impact as Middle East tensions rise

Tensions in the Middle East have global markets bracing for impact as investors eye geopolitical risks that could drive up oil prices if other countries become involved with Israel’s war against Hamas.

Israel said Sunday that it would continue to allow residents of Hamas-controlled Gaza to evacuate to the south as the Israel Defense Forces prepare for a ground assault in response to Hamas’ unprecedented terror attack last weekend that killed over 1,300 Israelis.

Oil prices rose nearly 6% on Friday as investors priced in the risk associated with a…

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