Oil prices inch higher after Iran-linked drone strikes kill three U.S. troops, Biden vows retaliation

A drone launch throughout a navy train in an undisclosed location in Iran captured in a handout picture obtained on Aug. 25, 2022.

Iranian Army | West Asia News Agency | by way of Reuters

Oil prices superior early Monday after missiles launched by Iran-backed militants killed U.S. troops in Jordan on the weekend.

Global benchmark Brent traded 0.57% higher at $84.03 a barrel, whereas the U.S. West Texas Intermediate futures rose 0.6% to $78.48 per barrel.

According to the White House, three U.S. service members had been killed and plenty of injured in an unmanned aerial drone assault on forces stationed in a northeast Jordan outpost close to the Syria border on Sunday. They had been the primary American fatalities from enemy assaults since Israel’s conflict with Hamas started on Oct. 7.

“While we’re nonetheless gathering the details of this assault, we all know it was carried out by radical Iran-backed militant teams working in Syria and Iraq,” U.S. President Joe Biden said in a statement.

“Have little doubt — we’ll maintain all these accountable to account at a time and in a way our selecting,” he mentioned.

Stock Chart IconStock chart icon

Oil prices previously six months

The Islamic Resistance in Iraq claimed responsibility for the weekend drone attack on the Jordan-Syria border alongside assaults on two different bases, pledging help for the “steadfast Palestinian individuals within the Gaza Strip.”

The assault marked an escalation within the Middle East, which noticed tensions rise after Israel declared conflict on Palestinian militant group Hamas following an unprecedented terror assault on Oct. 7, which killed some 1,200 individuals in Israel. Since the beginning of the conflict, more than 26,000 people have been killed within the Gaza Strip.

It comes shut on the heels of assaults by Yemen-based Houthi rebels on an oil tanker transiting the Red Sea on Friday. A petroleum merchandise tanker vessel, operated on behalf of Trafigura, caught fireplace after it was struck by a missile within the Gulf of Aden.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *