World oil prices jumped nearly $3 on Friday after the US killed a top Iranian general, fanning fresh fears of conflict in the crude-rich Middle East, with Tehran warning of “severe” retaliation.
The international oil benchmark, Brent crude, hit $69.16 per barrel, its highest since September 17, 2019 before easing to $68.81 per barrel as of 8:30pm Nigerian time.
The US West Texas Intermediate surged by $2.03 to $63.21 per barrel, having earlier spiked to $63.84 a barrel, its highest since May 1, according to CNBC.
An air strike at the Baghdad Airport early on Friday killed Major-General Qassem Soleimani, the architect of Iran’s spreading military influence in the Middle East and a hero among many Iranians and Shi’ites in the region.
Iran’s Supreme Leader Ayatollah Ali Khamenei said harsh revenge awaited the “criminals” who killed Soleimani.
The United States embassy in Baghdad urged on Friday all citizens to depart Iraq immediately due to heightened tensions.
Related posts:
Soleimani: IMN members protest in Abuja, burn US flags
Oil price hits two months high at $53 per barrel
At least five killed, hundreds injured as deadly earthquake hits NW Iran
Egypt’s Feb. annual urban consumer price inflation hits 30-yr high
Marketers lack facilities, says NLNG as price of cooking gas hits N7,000
Manufacturers seek FG’s intervention as price of diesel hits N720
Motorists Groan in Abuja as Fuel Price Hits 617 from 540
Strong earthquake hits Iraq and Iran, killing at least 210
If possible, Nigeria and other countries should stop trading with US .
US are trouble making country
They cause trouble for the world
They make countries loose money then please stop trading with US.