BEIJING  – Oil prices jumped more than $3 a barrel in early Asian trade on Monday, as dramatic military clashes between Israeli and Hamas forces over the weekend deepened political uncertainty across the Middle East. Brent crude rose $3.34, or 3.95 percent, to $87.92 a barrel by 2320 GMT, while U.S. West Texas Intermediate crude was at $86.23 a barrel, up $3.44, or 4.16 percent. Palestinian Islamist group Hamas on Saturday launched the largest military assault on Israel in decades, killing hundreds of Israelis and triggering a wave of retaliatory Israeli air strikes on Gaza that continued through Sunday.

https://business.inquirer.net/425605/oil-prices-jump-as-middle-east-violence-roils-markets

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