Oil jumped — extending an earlier gain — after Hamas said Israel killed its political leader, stoking tensions in a region that produces around a third of the world’s crude.
Oil traded near a seven-week low on a shaky demand outlook, especially in the biggest importer China.
Air New Zealand Ltd. scrapped its 2030 climate target as the aviation sector grapples with a lack of cleaner fuels and more efficient aircraft, a rare admission of the challenges the industry is facing to decarbonize.
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