David Chao, a global market strategist at Invesco Asia Pacific (except Japan), said that historically military conflicts do not affect the long-term development of the financial markets. Although the Israeli-Palestinian conflict is likely to expand, this is not the basic scenario. The market estimates that the conflict is unlikely to send massive repercussions to the financial markets, and the oil prices are unlikely to continue to rise to over US$100 per barrel, Chao said.