The initial round of Israeli attacks sent oil prices 7 percent higher on Friday. Still, at about $74 a barrel, Brent crude remains below the $80 average for 2024, the Deutsche Bank analysts wrote. The market continued to waver, though, and by Monday, oil prices had fallen about 3 percent.

In their fourth day of fighting, with no end in sight, ripples from the Israeli-Iranian conflict are beginning to rock global supply chains. Some oil tanker owners and managers have paused offering their vessels for Middle Eastern routes as they assess the risks,

The young girl sits on the dusty floor, clutching her father’s shoe close to her chest as she cries and screams in anger. Bisan Qwaider is unconsolable. Her father has just been killed while trying to get food for her and her 10 hungry siblings.