08 October 2023

Israel Latest: Over 1,100 Dead; US Sends Warships to Region

 

www.bloomberg.com

Israel Latest: Updates on Hamas Attack and Israeli Response

By Bloomberg NewsOctober 7, 2023 at 11:00 PM MSTUpdated on October 8, 2023 at 2:45 PM MST
3 minutes

Israel Latest: Over 1,100 Dead; US Sends Warships to Region

WATCH: Israel Latest: Over 1,100 Dead; US Sends Carrier

Source: Bloomberg

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The combined death toll from the Hamas attack on southern Israel has climbed to more than 1,100 as fighting headed into a third day. The US said it’s moving a six-vessel aircraft carrier strike group to the eastern Mediterranean and is augmenting its fighter aircraft squadrons in the region.

 

www.bloomberg.com

Oil Soars as Hamas’ Attack on Israel Fans Middle East Tensions

Serene Cheong
1 minute

  • WTI futures jump around 4%; more than 1,100 dead so far
  • War-risk premium returns as oil-producing region destabilized

A plume of smoke rises above the port in the Gaza Strip after an Israeli air strike on Oct. 8.

Photographer: Mohammed Abed/AFP/Getty Images

Oil surged more than 4% after Hamas’ surprise attacks on Israel over the weekend, the broadest and bloodiest in decades, threatened to inflame tensions in the Middle East, home to almost a third of global supply.

West Texas Intermediate rose above $86 a barrel as a war-risk premium returned to markets. The combined death toll topped 1,100 as fighting headed into a third day, while the US said it was sending warships to the region.


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