Energy experts predict that there may be a temporary spike in crude oil prices following the attack on Israel by Hamas, but the overall impact on the market will likely be limited. The experts believe that as long as the conflict does not escalate further, there will only be a knee-jerk reaction in prices. While Israel and Palestine are not major oil players, the conflict is taking place in a key oil-producing region, which could potentially cause further instability. However, the experts note that unless the conflict expands into a regional war involving the US and Iran, the impact on oil supply will be minimal.
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