[UPDATE-Day 83-Dec 28-22:00Z] Israel-Hamas War: Real Time Reaction and Analysis

Major shipping companies are back to operating in the Red Sea under the cover of the U.S. Navy Oil prices fell in early Asian trade on Wednesday after major shipping lines began to resume sailing in the Red Sea despite ongoing attacks and escalating tensions in the Middle East. Brent crude futures were down 18 cents, or 0.22%, at $80.89 a barrel by 0101 GMT. U.S. West Texas Intermediate crude futures were down 22 cents, or 0.29%, at $75.35 a barrel. On Tuesday, prices rose by more than two percent to the peak of the month, while continuing the upward…