The U.S. energy company temporarily closed operations at its Tamar natural gas field, which is about 12 miles from the Gaza Strip, at Israel’s request.
The price of crude oil has risen and global markets are under pressure as the death toll exceeds 1,100 and Israel begins a “complete siege” of the Gaza Strip.
The fighting could hurt ambitions of Israel and the wider region, which have received a lift from Chevron to become a hub for exporting natural gas to Europe and elsewhere.