Brent crude oil has jumped higher following attack in Middle East that killed 12 children

Horrific news out of the Middle East over the weekend:

Distasteful as it is to say at a time like this, this has implications for markets. Oil prices have risen, traders fearing further escalation in the region.

Israel’s security cabinet authorised Prime
Minister Benjamin Netanyahu’s government to decide on the
“manner and timing” of a response to the rocket
strike in the Golan Heights that killed 12 teenagers and
children.

Iran-backed Hezbollah has been blamed.

This article was written by Eamonn Sheridan at www.forexlive.com.