Iranian attend the funeral procession for seven Islamic Revolutionary Guard Corps members killed in a strike in Syria, which Iran blamed on Israel, in Tehran on April 5, 2024.U.S. crude oil futures fell on Monday as the market waited for Iran to retaliate against Israel over a missile strike against the Islamic Republic's consulate in Damascus. Tehran has blamed Israel for a missile strike last Monday against its consulate in Damascus, which killed top Iranian commander Mohammad Reza Zahedi.
"None of the embassies of the regime are safe anymore," said Gen. Rahim Safavi, an advisor to Iran's supreme leader Ayatollah Ali Khamenei. The mounting tensions between Israel and Iran have renewed fears that direct confrontation between the two could ignite a regional conflict that disrupts crude supplies.Energy might be the 'story of the summer,' one chief investment officer says. Here's how to play itS&P 500 chart analysis shows pullback is likely and investors should hedge