What's the Economic Impact of Conflict in Israel?

With the outbreak of war being reported in Israel what will be the economic impact for that region and the globe?

Show notes:

Oil prices have gone up:
https://www.cnbc.com/2023/10/09/brent-wti-prices-jump-after-hamas-attack-on-israel.html

Why was oil so high prior to the conflict?

https://www.investopedia.com/crude-oil-prices-just-hit-a-new-10-month-high-what-this-could-mean-for-your-wallet-7970945#:~:text=A%20combination%20of%20supply%20cuts,June%2C%20when%20the%20current%20rally

Tourism sector is experiencing a phenomena known as “Overtourism”
https://www.cnbc.com/2023/10/09/cities-are-fighting-back-against-overtourism-venice-amsterdam-bali.html

Bond Markets: https://finance.yahoo.com/news/britain-heading-another-black-monday-050000179.html

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