Oil prices surge more than 4% after US strike kills Iran, Iraq military personnel

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Oil prices soar more than 4% after US air strike kills Iran, Iraq military personnel

SINGAPORE: Oil prices soared more than 4 per cent on Friday , after a US air strike killed key Iranian and Iraqi military personnel, raising concerns that escalating Middle East tensions may disrupt oil supplies.

Advertisement"The supply side risks remain elevated in the Middle East and we could see tensions continue to elevate between the US and Iran-backed militia in Iraq," Edward Moya, analyst at brokerage OANDA, spoke to Reuters via email.

 

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