Oil prices rise on tensions in the Middle East

TOKYO - Oil prices rose in early trade on Friday on heightened tensions in the Middle East , where Iran has promised to retaliate for a suspected Israel i air strike on its embassy in Syria , which could risk disruptions to supply from the oil producing region.

Israel has not said it was responsible but Iran's supreme leader, Ayatollah Ali Khamenei, said on Wednesday Israel "must be punished and it shall be" for the attack. "The geopolitical risks remain elevated," ANZ Research said in a note, adding that oil prices have jumped almost 19% also supported by improving economic conditions and supply cuts by the Organization of the Petroleum Exporting Countries and allies, together called OPEC+.

However in the U.S., Federal Reserve officials signalled on Thursday no rush to cut interest rates, as sticky U.S. inflation remains a concern.Trump tests limits of gag order with post insulting 2 likely witnesses in criminal trial Over 200 guests attended the dinner, including Bezos and his fiancée Lauren Sánchez, Apple's Tim Cook, and JP Morgan's Jamie Dimon.Trump Spokesperson Hilariously Self-Owns While Trying To Insult Joe Biden

Oil Prices Middle East Tensions Iran Israel Embassy Syria Supply Disruption

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