A US strike on a top military leader in Iran ignited fears of spiraling military conflict, leading oil to surge about 4%.The airstrike killed Iran's elite Quds force commander, Maj. Gen. Qassem Soleimani, the US confirmed on Thursday night.
"To many in the Middle East, this may be deemed a declaration of war," Helal Miah, investment research analyst at The Share Centre, said in an email. "A rise in oil prices ... is just what the global economy needs to avoid at this time where growth is fragile."Brent crude each rallied at least 4% on the news, before paring those gains early London time. WTI was up about 3.4% to $63.27 a barrel, while Brent gained 3.5% to about $68.53.
Talking about “World War III” after taking out a tug whose many American blood is on his head very disturbing. America has the right and capacity to defend itself when its interest is compromised.
If twitter is so influential why is $twtr down?
Putin's loving the surge in oil prices.
U guys are smart The markets are overdue for a correction anyway. 'WWIII?' 1 aircraft carrier can turn Iran into a parking lot within 24 hrs.