# Israel–Hamas war begins

> Regional escalation risk lifts crude oil risk premium.

- Date: 2023-10-07 · published 2023-10-07T12:00:00.000Z
- Category: geopolitics · region Middle East
- Page: https://feedsoft.ai/events/30-israel-hamas-war-begins
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WTI | 2023-10-13 | 1 | +5.8% | 3.3 | The Israel–Hamas war, which began on Oct 7, kept raising fears of a wider Middle East conflict that could disrupt supply, lifting crude's geopolitical risk premium; the 5.8% jump on Oct 13 fits that escalation-driven sentiment even though the war started six days earlier. |
| WTI | 2023-10-13 | 1 | +5.8% | 3.4 | The Israel–Hamas war, which began on Oct 7, kept raising fears of a wider Middle East conflict that could disrupt supply, lifting crude's geopolitical risk premium; the 5.8% jump on Oct 13 fits that escalation-driven sentiment even though the war started six days earlier. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2023-10-09 | [Brent, WTI prices jump after Hamas attack on Israel](https://feedsoft.ai/events/9279-brent-wti-prices-jump-after-hamas-attack-on-israel.md) | +5.9% | -2.2% |
| WTI | 2020-03-08 | [Russia–Saudi oil price war begins](https://feedsoft.ai/events/8-russia-saudi-oil-price-war-begins.md) | -23.0% | -31.2% |
| WTI | 2023-10-09 | [Oil prices rise following Hamas attack on Israel](https://feedsoft.ai/events/9280-oil-prices-rise-following-hamas-attack-on-israel.md) | +5.9% | -2.2% |
| WTI | 2026-04-01 | [Oil Declines as US, Israel Seek to Ease Concerns Over Iran War](https://feedsoft.ai/events/20329-oil-declines-as-us-israel-seek-to-ease-concerns-over-iran-war.md) | -6.6% | +6.7% |
| WTI | 2023-10-13 | [Oil surges nearly 6% after Israel begins ground raids into Gaza \| Reuters](https://feedsoft.ai/events/9276-oil-surges-nearly-6-after-israel-begins-ground-raids-into-gaza-reuters.md) | +7.8% | -8.1% |
| DIESEL | 2020-03-08 | [Russia–Saudi oil price war begins](https://feedsoft.ai/events/8-russia-saudi-oil-price-war-begins.md) | -17.1% | -21.9% |
| DIESEL | 2025-06-17 | [Diesel Prices Surge as Israel-Iran War Pressures Market - TT](https://feedsoft.ai/events/8385-diesel-prices-surge-as-israel-iran-war-pressures-market-tt.md) | -4.0% | +0.6% |
| DIESEL | 2025-06-13 | [European oil product markets jump on Israel-Iran war risk](https://feedsoft.ai/events/7760-european-oil-product-markets-jump-on-israel-iran-war-risk.md) | +15.6% | +11.6% |

## Sources

- Wikipedia: https://en.wikipedia.org/wiki/Gaza_war

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.