Oil price surges after assassination of Hamas leader on Iranian soil sparks fears Gaza conflict will engulf Middle East
Briefly

Brent crude prices surged after the assassination, amidst concerns of a broader conflict. Khamenei threatened severe punishment, hinting at potential retaliation against Israel's actions in targeting Haniyeh on Iranian soil. The incident also highlighted the vulnerability of the Strait of Hormuz, a critical oil chokepoint where a significant portion of global oil demand traverses daily.
Read at Fortune
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