Energy markets have kicked off the new week on the backfoot after U.S. Secretary of State Antony Blinken announced that Israeli Prime Minister Benjamin Netanyahu had accepted a cease-fire proposal to stop the war in Gaza. Blinken made the revelation on Monday after meeting with top Israeli officials in Jerusalem, and markets have lately been having a knee-jerk reaction to any news coming out of the Middle East, with oil prices tanking every time ceasefire talks are underway, only to reverse when they fail. Crude oil futures have declined…
