How did the assassination of QassemQasim SoleimaniSuleiman affected oil prices?

Oil prices surgedjumped to thetheir highest level in more than three months on Friday after the United States killed a topprominent Iranian military commander in Iraq, raising fears that an escalation of the conflict in Middlethe EastMiddle conflictEast could disrupt thecrude regionsupplies' sfrom crudethe suppliesregion.

International measurement crude rawand Brentcontracts ,crude Brentcontracts ended the trading session at a high of $2.35, or 3.6%, to reach a settlement of $68.60 per barrel after it recordedregistered during the session with $69.50, the highest level since the attack on Saudi oil facilitiesinstallations in mid-September.

 

 

TheAmerican contractsraw formeasurement thecontracts USin West Texas Intermediate Standard Ore rose by $1.87, or 3.1%, to be recorded at athe settlement ofby $63.05 aper barrel, after it hadthey recordedregistered the highest level since April 2019 at $64.09.

How did the assassination of QassemQasim SoleimaniSuleiman affected oil prices?

 

 

“"We expect moderate medium-to -low-level clashes that will last for at least a month and are likely to be limited to Iraq,”" said Henry Rohm, Iran Eurasiaaffairs' sanalyst Iranin analystEurasia.

 

 

HeIt alsois saidalso Iranlikely wasthat likelyIran towill resume restrictions on commercial shipping in the Gulf, and possiblymay hold military exercises to temporarily disable shipping.

 

 

Sources Foreignwith oilforeign companyoil sourcescompanies told Reuters that dozens of their USAmerican employees in the Iraqi oil city of Basra are preparing to leave the country on Friday.

 

 

The OilIraqi fieldsMinistry acrossof theOil countrysaid operatein normallya andstatement havethat nooil impactfields onthroughout productionthe orcountry areexports ,operating thenormally Iraqiand Ministryhave ofno Oilimpact saidon inproduction aor statementexports.