We hear two stories of how Israel’s war with Hamas in Gaza is being felt in places very far away. In India, thousands of workers are hoping to head to Israel because of a shortage caused by security concerns. And in the UK, people are worried that global supply chains disrupted because of the war, will mean there will be a shortage of tea.
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Shares of state-owned Oil India Limited (OIL) jumped nearly 8% to their 52-week high as international crude oil prices jumped more than $3 a barrel due to the Israel-Hamas crisis. Meanwhile, shares of oil marketing companies (OMCs) plunged as investors weighed the impact of the conflict on the margins.
