OPEN APP
Home >News >World >Oil surges as Iran attacks Iraq base housing US troops
FILE - In this Dec. 26, 2018, file photo, members of the military wait outside facilities where President Donald Trump and first lady Melania Trump are visiting at Al Assad Air Base, Iraq. Iran said Wednesday, (AP)
FILE - In this Dec. 26, 2018, file photo, members of the military wait outside facilities where President Donald Trump and first lady Melania Trump are visiting at Al Assad Air Base, Iraq. Iran said Wednesday, (AP)

Oil surges as Iran attacks Iraq base housing US troops

Oil futures surged in New York after Iran said it started attacks on an Iraqi airbase that hosts US troops. Spot gold also jumped.

Oil futures surged in New York after Iran said it started attacks on an Iraqi airbase that hosts U.S. troops. Spot gold also jumped.

West Texas Intermediate crude jumped as much as 4.4% to $65.48 a barrel on the New York Mercantile Exchange after Iran’s state television reported the country started operation “Martyr Soleimani" at dawn with several rockets being fired at Ayn al-Asad base in Iraq.

Reports of the attacks reignited fears that Iran’s promised retaliation against the U.S. killing of a top general last week will spark a wider conflict in the Middle East that could disrupt global oil supplies.

U.S. President Donald Trump has been briefed on reports of attacks on U.S. facilities in Iraq and is monitoring the situation closely with his national security team, the White House said in a statement.

WTI futures were up 3.6% at $64.93 a barrel at 7:46 a.m. in Singapore. Spot gold jumped 1.5% to $1,598.30 an ounce.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

Subscribe to Mint Newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperMint is now on Telegram. Join Mint channel in your Telegram and stay updated with the latest business news.

Close
×
Edit Profile
My Reads Redeem a Gift Card Logout