Isreal now sending tanks and troops to invade Gaza
How likely is gaza conflict to drive oil price higher? Well it happened before so this is the sequel, probably not much will happen, although there are some differences in that Syria is under a lot of pressure, Iran is under more pressure etc. of course if conflict is contained to Gaza price of oil not much affected but if the conflict widens and there are risks oil goes higher. I dont think the world has much concern for the people of Gaza so one might not expect much reaction. Further what choice does Israel have if its under rocket attacks. Looks like Israel is going to bring Gaza under control once again and that means tough times for all including non combatant civillians. It would be nice if Egypt would give up some land and give the Palastine people a country of their own.