How far can the Israeli-Palestinian conflict push international oil prices? Oil futures initially jumped nearly 5 percent on supply concerns after the Israeli-Palestinian conflict erupted over the weekend. Many organizations and countries, including the World Bank and the United Nations, have issued statements calling on all parties to restore peace as soon as possible, and investors are closely watching the situation in the region. Since October, international oil prices have fallen from high levels, and the hawkish stance of many central banks on inflation has ignited investors' worries about economic prospects and demand destruction, and the direction of supply and demand variables will become the key to affecting oil prices in the future.