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Oil Prices Moved Higher After Murder Of Iranian General In US Airstrike

A sharp escalation of tensions between the United States and Iran has caused crude oil prices to surge.

Oil Prices Moved Higher After Murder Of Iranian General In US Airstrike

Oil prices moved higher Friday after a top Iranian general was killed in a US airstrike ordered by President Donald Trump.

According to reports, global benchmark, jumped 3.6% to settle at $68.60 per barrel on Friday. US oil futures gained 3.1%, settling at $63.05 per barrel.

Qasem Soleimani, commander of the Quds Force of Iran’s Islamic Revolutionary Guards Corps, was killed in the strike at Baghdad International Airport.

The killing of the powerful Iranian general risks further escalating tensions in the Middle East, which is home to major oil producing countries and key energy supply routes.

Iranian President Hassan Rouhani said in a statement that his country would take revenge for the killing of Soleimani.

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