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Oil prices surged after an Israeli military strike in Qatar escalated tensions in the Middle East, a region critical to global energy supplies. West Texas Intermediate climbed over 2.3%, breaching $63 per barrel as the attack heightened geopolitical risk premiums. The incident targets Hamas leadership and has drawn international condemnation from Qatar.
- Israeli strike in Qatar targets Hamas leadership, escalating Middle East tensions
- WTI crude oil jumps 2.3% to over $63/barrel on increased geopolitical risk
- Qatar condemns attack as violation of international law amid reported blasts in Doha
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