Oil price jumps on fear of Iranian retaliation against US

The price of oil surged Friday on concerns that Iran might respond to the killing of its top general by the United States by disrupting global supplies of energy from the Middle East. News that Gen. Qassem Soleimani, head of Iran’s elite Quds Force, was killed in an air attack at the Baghdad international airport prompted expectations of Iranian retaliation against U.S. and Israeli targets. Amid past flare-ups with the U.S., Iran threatened the supply of oil that travels from the Persian Gulf to the rest of the world. …read more

Source:: Yahoo Finance

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