Oil futures ended higher Friday, booking monthly gains as investors continued to fret over the possibility of a wider Middle East conflict that could threaten flows of crude out of the region.
Israeli forces continued operations in northern and southern Gaza, with Palestinians reporting 11 dead in Rafah in the south. Meanwhile, Germany criticized expanded Israeli West Bank settlement plans. DW has more.
Israel has dealt blow after financial blow to the Palestinian Authority, alarming the United States, which wants it to have a role in running postwar Gaza.
Sixty-eight people, including sick and injured patients and their escorts, crossed the border to get treatment, the Israeli military said. The evacuation was carried out in coordination with the U.S., Egypt and the international community.
Iran escalates nuclear activities as Israel contends with Hamas in Gaza and Hezbollah threats. Regional tensions rise, with Gulf states cautiously navigating their ties.
Oil futures settled higher on Thursday, building on price gains for the month so far, as traders hoped for a rebound in U.S. summer gasoline demand, despite data showing a slowdown in consumption of the fuel at the pump last week.
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