7:36 AM · 3 January 2020

BREAKING: OIL soars 3% after US military action

This morning is very lively on the markets after the news that the US military killed Qasem Soleimani, the head of the Iranian Revolutionary Guard Corps-Quds Force in the airstrike in Baghdad. This is a serious move as it’s been directed by the president and it affect relationship with Iran which was tense even before this strike. The move has an impact on markets, most notably on OIL that is gaining around 3%, being traded at the highest level in nearly 4 months. Coincidentally it is in the resistance zone and a previous such spike (after a suspected attack on Saudi installations) was short lived.

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