Financial markets could still avoid panic amid oil price risk in Middle East crisis
by Richard Partington and Jillian Ambrose from on (#6R590)
Oil prices rose by more than 4% as Israeli troops moved into Lebanon and Iran launched missiles on Israel
As Israeli troops moved into Lebanon and Iran launched a missile attack on Israel, the risk of a jump in oil prices that could trigger another global inflation shock appeared to be materialising.
Oil prices rose by more than 4% to about $75 a barrel on Tuesday.
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