Oil prices jumped nearly $3 a barrel and gold, the yen and safe-haven bonds all rallied on Friday, after the US killing of Iran’s top military commander in an air strike in Iraq ratcheted up tensions between the two powers. Traders were clearly spooked after the death of Iranian Major-General Qassem Soleimani, head of the elite Quds Force and one of the country's most influential figures, and a vow by Iranian Supreme Leader Ayatollah Ali Khamenei of revenge.
The Middle East-focused oil markets saw the most dramatic moves with Brent crude futures leaping as much 4.5 per cent to
The Middle East-focused oil markets saw the most dramatic moves with Brent crude futures leaping as much 4.5 per cent to