Business Standard

Friday, December 20, 2024 | 05:13 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Oil, safe havens surge after US air strike kills Iran commander in Iraq

In September, US officials blamed Iran for a missile and drone attack on oil installations of Saudi Aramco, the Saudi state energy giant and world's largest oil exporter

Iran Commander killing protest
Premium

Demonstrators attend a protest against the killing of Iranian Major-General Qassem Soleimani, in Tehran on Friday. Photo: Reuters

Marc Jones | Reuters London
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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in