Morgan Stanley says the near-term risk to oil supply is limited

Morgan Stanley assessed the impact on oil markets from the brutal Hamas attack on Israel.

• said that as neither Israel nor its direct neighbours are large oil producers the near-term risk to oil supply is limited

MS did add though something to watch out for:

• “However, that could change in case the conflict were to extend to other countries in the region,”

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I posted earlier on Goldman Sachs, analysts there also separated out the immediate impact from longer-term implications: