Marketmind: Oil jumps as Middle East strife shakes markets

FILE PHOTO: Oil rigs are seen at Vaca Muerta shale oil and gas drilling, in the Patagonian province of Neuquen, ArgentinaAsian action has been dominated by news from Israel, with the usual safe-haven suspects getting a bid. With one war already raging in Europe, a new conflict in the Middle East was bound to rattle the markets.

Analysts are pondering the implications of the Israeli conflict with Hamas, how long it might last and whether it drags in others. A further risk would be whether Iran might try to disrupt oil shipping in the Strait of Hormuz, where 15-20% of the world's supplies flow through. - ECB Vice President Luis de Guindos and Bank of Spain Governor Pablo Hernández de Cos take part in financial meeting; ECB board member Andrea Enria speaksThe mother of tattoo artist Shani Louk who was paraded semi-naked on a Hamas truck makes a public plea for more information

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