Oil prices jumped following a Bloomberg reports on potential the Middle East escalation. According to media reports, United States see a retaliatory missile strikes on Israel by Iran and its proxies in the region as imminent.
While markets sighted in a relief at the beginning of this week due to Iran not retaliating for an Israeli strike on a consulate in Damascus, the risk has not faded and Iran repeated that it will retaliate. US intelligence sees retaliation as imminent. This would be a big escalation as Israeli officials have already said that they have means to strike targets in Iran. A direct clash between Iran and Israel will have a massive consequence for the Middle East, as well as global oil markets.
إبدأ بالإستثمار اليوم أو تدرّب على حساب تجريبي
إنشاء حساب حساب تجريبي تحميل تطبيق الجوال تحميل تطبيق الجوالOil prices jumped around 1% on the news, while oil moved around 0.6% higher. Japanese yen also gain following Bloomber report.
Source: xStation5
