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Oil prices jump 4 per cent after US airstrike kills Iranian commander Qassem Soleimani

Global oil prices jumped four per cent on Friday after an US airstrike killed several Iranian military leaders including General Qassem Soleimani, who was the head of Iran’s Quds Force.

While Brent Crude Oil surged 4.4 per cent to $69.16, WTI jumped 4.3 per cent to 63.84. It could rise further during the day as a fallout of the airstrike.

Experts believe oil prices could rise further following claims that the US had killed the top Iranian general and seven other military leaders in an airstrike at Baghdad’s international airport.

According to news agency AFP, Pentagon has said US President ordered the ‘killing’ of Qassem Soleimani. “This strike was aimed at deterring future Iranian attack plans,” the Pentagon said in a statement.

The White House also confirmed that the order for the airstrike as given by US President Donald Trump. Read More

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