Middle East chaos is always a plus for oil prices and most of these countries want oil prices north of $90/bbl, so won’t complain too much about what is now an Israeli - Palestinian war. Hamas are beholden to Iran, who don’t want Israel and Saudi making peace, so with this weekends attack looks like they have achieved their aims.
This is not going to get any better anytime soon. Sad for the innocent people who have been killed and injured by what seems to be a never ending conflict.
Macquarie says Karoon worth $5.15 if oil > 100, page-644
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