Global airline shares fall as markets react to 'Hamas-Israel war'

Oil prices rose on Monday while airline shares fell as markets reacted to the surprise attack on Israel by the militant group Hamas, according to a media report.

Investors on Monday appeared to be pricing in the prospect of further instability



in the Middle East, The Guardian reported.

Oil prices jumped by 3 per cent on Monday morning. Futures prices for Brent crude oil, the North Sea benchmark, rose to $89 (£73) a barrel at one point, recovering some of the losses of the last week.