Qatar and global oil market shake after Israeli attack

Qatar and global oil market shake after Israeli attack

FILE PHOTO

Doha: The global energy market has been shaken after the Israeli attack on Qatar. Israel targeted the Hamas office in Doha, killing five people, including the son of the organization’s senior leader, Halil al-Haya.

Qatar called the attack an attack on its sovereignty and announced a strong response. According to political analysts, the attack has increased tensions in the Middle East and affected the global energy market.

Following the incident, the price of Deloitte Texan crude oil rose 0.6 percent to $62.63 per barrel. Brent crude oil also rose 0.6 percent to $66.39 per barrel.

According to experts, the political situation in the Middle East is sensitive to global energy prices and the current situation could create instability in the market.

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