Oil prices will rise further, impacting both the global economy and investors, should US President Biden not alleviate the rising Middle East tensions during his visit to the region.
Just yesterday morning, an Israeli air raid struck a Gaza City hospital. At least 500 people were killed, according to health authorities.
President Biden is now in Israel - Washington's closest ally in the Middle East - for a high-stakes visit with regional Read More
Rational Responses Amidst Soaring Oil Prices and Regional Tensions
Although oil prices surged by 5% following the unexpected attack by Hamas on Israel over the weekend, investors should avoid knee-jerk reactions.
Last Saturday, Palestinian Islamist group Hamas launched the largest military assault on Israel in decades. Hundreds of Israelis were killed starting off a wave of retaliatory Israeli air strikes on the Gaza Strip.
At the time of writing, Read More