Oil Leaps, Shekel Falls After Israel Declares War
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The economic aftershocks of open conflict between Israel and Palestine are already being felt.
On Monday, crude oil prices jumped to $89 a barrel as Hamas's attack on Israel drove concerns of wider conflict across the oil-rich Middle East. Meanwhile, the value of the shekel, Israel's currency, fell to a seven-year low. Both phenomena can be seen as an acceleration of existing trends.
Source Fool.com
