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- There are growing fears that the war in Israel will escalate and the US and Iran get more involved.
- The impact on oil prices would be enormous with one prediction of $150 per barrel.
- A surge in oil prices could undo the fight against inflation and cause prices to soar again.
While the most pressing concern in Israel is the immediate human toll as thousands have died in the conflict with Hamas, the war also has a chance of disrupting the global economy.
In the latest estimates, more than 4,100 people have died since Hamas' terrorist attacks earlier this month and Israel's subsequent war against the militant group.