How will renewed Israeli-Palestinian conflict affect global asset prices? At present, the oil price has received great attention, because it directly affects the inflation pattern and the central bank's rate hike process, and will profoundly affect global risk assets. A number of analysts interviewed told the First financial reporter that Palestine and Israel are not major oil producing countries, and the conflict itself will not have a major impact on oil prices, but the market is worried that the escalation of the conflict may involve more surrounding Arab countries in the geopolitical vortex, including Saudi Arabia, Iran and other Middle East powers, which will affect crude oil production capacity and supply. In addition, as the Israeli-Palestinian conflict escalates, the US-led normalization of Saudi-Israeli relations may be put on hold. Global equities are expected to continue their consolidation, in line with the pattern seen before the Israeli-Palestinian conflict, which has been driven by a surge in bond yields and could be exacerbated by rising geopolitical risks.