U.S. President Donald Trump directed a strike that killed Iran's Quds Force leader Qassem Soleimani, an attack that sent oil prices higher as Middle East tensions spiked.
Oil market watchers fear a new round of Iranian attacks on energy infrastructure following America's assassination overnight of one of Tehran's most senior generals in an escalating tit-for-tat conflict that threatens to send oil prices spiraling.Iraq that hit a car carrying Major General Qassem Soleimani
It followed a chain of recent events beginning with rocket attacks on joint U.S.-Iraqi military installations including one attack that killed an American civilian contractor and injured several service personnel.American embassy in Baghdad was attacked In the aftermath of Soleimani's death, oil prices spiked. At the time of writing, both WTI and Brent crude oil were up around 3.5 percent several hours after the drone strike. WTI was $63.35 a barrel and Brent was $68.62.
Last year, Iran was accused by Washington of attacking several oil tankers in the Strait of Hormuz. Tehran openly seized and later released other tankers it alleged were violating its territorial space.in Saudi Arabia, which temporarily knocked down a substantial source of oil supply to the global market. Iran denied responsibility.to increase oil supply to push down prices
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