Qualified advisers answering your
Financial Questions
call 0800 092 1245

Will tensions between Israel and Palestine affect the price of oil?

While Israel and Palestine are not directly linked to the worldwide oil sector there is concern of further unrest in the Middle East as the two sides continue their fierce battle. Despite a number of attempted ceasefire agreements it would appear there is little likelihood of a reduction in aggressions in the short to medium term. Israel has a number of enemies in the Middle East and there is concern that others may soon show their hand in support of the Palestine cause.

Any show of force would bring the US into play and bearing in mind the country's close relationship with Israel in the past this could add further friction to the situation. Even though the US has been fairly quiet regarding the issue over the last few days it is believed that significant behind-the-scenes attempts are being made to bring both sides together. Further tension in the Middle East has the potential to bring in many countries from around the world in support of various parties and put the supply of oil at risk in some quarters.

We have already seen a short-term bounce in the price of oil to around $45 a barrel with concerns that the price could creep higher if no progress is made on a ceasefire.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details