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Middle East geopolitical tensions escalate, oil prices rise in early Asian trading
On November 4, Golden Data reported that in the prospect of escalating geopolitical tensions in the Middle East, oil prices pumped in the Asian markets. The Israeli military said on Saturday that commandos infiltrated deep into Lebanese territory during a nighttime maritime raid and captured a senior Hezbollah operative. Iran later last week said it would respond to recent Israeli attacks on its territory. IG senior technical analyst Axel Rudolf commented that oil prices continued to pump due to concerns that the escalating tension between Iran and Israel could disrupt oil supply.