Key Points
(Reuters) Oil prices jumped about 4% on Tuesday following reports Iran was preparing to launch a missile attack on Israel...
Israels elite units launched limited ground raids into Lebanon, as Hezbollah, an Iran-backed group in Lebanon, fired missiles at Tel Aviv, with the U.S. warning it had indications Iran may be preparing to enter the fray with a ballistic missile attack on Israel...
An Israeli attack on Iranian oil production or export facilities could cause a material disruption, potentially more than a million barrels per day, Seigle said...
Before news of a possible missile attack from Iran, the oil market was trading down near a two-week low as the outlook for increased supplies and tepid global demand growth outweighed fears over an escalating Middle East conflict and its impact on crude exports from the region...
In China, manufacturing activity shrank in September, a private sector survey showed on Monday.. Analysts say stimulus measures over the last week are likely to bring Chinas 2024 growth back to about 5% after several months of below-forecast data cast doubts over that target, though the longer-term outlook remains little changed...
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