Oil Extends Surge as Israel Vows Retaliation After Iran Strike

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Oil Extends Surge as Israel Vows Retaliation After Iran Strike

Bloomberg10-02

Oil surged for a second day after Iran fired about 200 ballistic missiles at Israel, drawing a vow of retaliation from Prime Minister Benjamin Netanyahu and raising the risks to crude supplies from ...

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StockMaskter
·10-02
All these stupid country still having wars while we the smarter ones boosting economy growth. Thankfully they are blessed with good natural resources.
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Gang Violence Is Moving to the Amazon’s Fast-Growing Cities. New Rowhouses in London That Offer a Bridge to the 19th Century. Climate Migrants Stand to Overwhelm World’s Megacities. West Texas Intermediate briefly topped $71 a barrel in Asian trading, after closing 2.4% higher on Tuesday following the Iranian assault, which was preceded by a warning from the US that an attack was imminent. Global crude benchmark Brent closed 2.5% higher.Tensions in the Middle East have increased markedly after the killing of Hezbollah’s chief, Hassan Nasrallah, last week. On Monday, Israel bombed the center of Beirut and its troops have begun what it called “targeted ground raids” in Lebanon. 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New Rowhouses in London That Offer a Bridge to the 19th Century. Climate Migrants Stand to Overwhelm World’s Megacities. West Texas Intermediate briefly topped $71 a barrel in Asian trading, after closing 2.4% higher on Tuesday following the Iranian assault, which was preceded by a warning from the US that an attack was imminent. Global crude benchmark Brent closed 2.5% higher.Tensions in the Middle East have increased markedly after the killing of Hezbollah’s chief, Hassan Nasrallah, last week. On Monday, Israel bombed the center of Beirut and its troops have begun what it called “targeted ground raids” in Lebanon. 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While Israel and Iran have been facing off since the outbreak of the war in Gaza against Tehran-backed Hamas almost a year ago, previous spikes have tended to fade in the absence of actual interruptions to output.</p><p style=\"text-align: start;\">“Any sustained rally in oil prices will be determined by whether Israel responds to this latest move with its own direct attack on its military, infrastructure or its oil industry,” ANZ Group Holdings said in a note.</p><p style=\"text-align: start;\">Tensions in the Middle East have increased markedly after the killing of Hezbollah’s chief, Hassan Nasrallah, last week. On Monday, Israel bombed the center of Beirut and its troops have begun what it called “targeted ground raids” in Lebanon. Hezbollah is also backed by Tehran.</p><p style=\"text-align: start;\">After Tuesday’s missile salvo, Iran’s Foreign Minister Abbas Araghchi said his country’s action was concluded unless Israel “decides to invite further retaliation,” according to a post on X. 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Hezbollah is also backed by Tehran.After Tuesday’s missile salvo, Iran’s Foreign Minister Abbas Araghchi said his country’s action was concluded unless Israel “decides to invite further retaliation,” according to a post on X. In Israel, Netanyahu said Iran had made a big mistake, “and it will pay for it.”","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":7,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}