Qassem Soleimani killing: Will oil become a weapon of choice for Iran?

Oil prices have been on an upward trajectory since early October and the killing of Soleimani boosted them to their highest level since April

Events in 2019 served as a reminder for just how vulnerable the world’s oil supply is, and Iran was usually blamed as the culprit for attacks on ships, pipelines and processing plants in the Middle East. But the knock-on effects blew over quickly in a world that appeared oblivious to the geopolitics of oil. Now in the wake of the US killing of Qassem Soleimani, the Iranian general who led the Revolutionary Guards’ Quds force, the big question hanging over the market is whether Iran will target oil in its response. 

There is no particular reason to expect that Iran’s retaliation