https://www.forex-news.com/
Forex-News has been the world leading economy news website since 2005. It has been a joyful path full of changing variables in this changing world. During the last three years we have also covered some of the most important news regarding Bitcoin and other cryptocurrencies. Wherever the news are, we are there.
Bitcoin
$9,556.63
-216.18
Ethereum
$259.57
-9.25
Litecoin
$73.62
-3.09
DigitalCash
$100.51
-4.83
Monero
$78.17
-5.19
Nxt
$0.01
-0
Ethereum Classic
$9.15
-0.29
Dogecoin
$0.00
0

The tension by the US attack in Baghdad triggers the price of Brent

The tension by the US attack in Baghdad triggers the price of Brent

310

The attack by the United States (USA) against a prominent Iranian commander in Baghdad fired on Friday the price of Brent crude, which reached $ 69.50 a barrel, among fears that The incident affects global production.

While the fear of a new conflict in the Gulf was fueled, the price of the reference barrel of oil in Europe for delivery in March – which peaked since last September – closed the session today with an increase of 3, 54% compared to previous negotiation, standing at 68.60 dollars.

The analyst Christopher Haines, of the British company Energy Aspects, told Efe on Friday that the notable rise in crude oil is mainly due to the “geopolitical risk” that such military action entails, due to “the uncertainty about the possible response by Iran” .

“The Iranians will calculate any response and are unlikely to be reckless and reckless in their reprisal, and we hope they wait for their time,” said the expert.

He also predicted that “oil prices should calm down in the next few days, although given the uncertainty of where and when Iran can fight back, a risk premium will be maintained.”

For its part, the price of intermediate oil in Texas (WTI) closed Friday with a sharp rise of 3.1% and stood at $ 63.05 a barrel, due to the US attack last night in Baghdad.

The tension between the US and Iran has been increasing since Washington withdrew from the nuclear agreement agreed between the Islamic Republic and other countries, and the US president, Donald Trump, once again imposed heavy sanctions against that nation.

Analysts now fear that this new incident will jeopardize energy supplies in the region and that, when several of the world’s leading producers are there, they may be affected in the case of a more extensive military confrontation involving Iran.

About a fifth of global oil supplies pass through the Strait of Hormuz, a strategic enclave between Oman and Iran.

Some experts also contemplate some kind of Iranian retaliation against oil facilities in other countries in the region.

From the online investor firm Share Center they expressed concern that in the Middle East the US attack is perceived as “a declaration of war.”

In the air raid, Qasem Soleimani, commander of the Quds Force of the Guardians of the Iran Revolution, and the vice president of the Iraqi Shiite militias Popular Crowd, Abu Mahdi al Mohandes, lost their lives.

General Soleimani was in charge of the operations outside Iran of the Guardians of the Revolution and has been present on the ground in Syria and Iraq, supervising the militias backed by Tehran in both Arab countries.

The United Kingdom called today “to all parties” in order to reduce tensions, through a statement released by its foreign minister, Dominic Raab.

“We have always recognized the aggressive threat posed by the Iranian Quds force led by Qasem Soleimani. After his death, I ask all parties to lower the tension. A major conflict is not in our interest,” said the headline.

For his part, Jeremy Corbyn, the outgoing leader of the Labor Party – the main opposition group of the British Executive – called the attack “murder” and urged the Boris Johnson government to stand up to the “belligerent actions” of the United States.

Prominent Conservative Deputy Tom Tugendhat, former chairman of the Foreign Affairs Committee in the former British Parliament, was critical of Washington today for not having apparently alerted the United Kingdom to his plans.

According to the BBC, the Trump Administration would not have previously informed Prime Minister Boris Johnson, an end that has not yet confirmed the Conservative Executive.

In response to what happened, the leader of the Islamic Revolution of Iran, Ayatollah Ali Khamenei, has threatened “hard revenge” to those who murdered the Iranian commander.

The incident occurs between the growing tension between Washington and Baghdad after followers and members of the Popular Crowd stormed the US embassy in Iraq on December 31.

US Secretary of State Mike Pompeo said the operation was carried out “in response to imminent threats” to his country.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More