From BigGo Finance · BigGo Finance · · 1m
US Signals Military Action Against Iran
US warns Gulf states of potential military strike on Iran as oil prices surge.
In brief
US warns Gulf states of potential military strike on Iran as oil prices surge. US told Gulf states to prepare for short military operation against Iran after midterm elections, pushing oil prices up 2.96% to $102.78. Originally reported by BigGo Finance.
US warns Gulf states
US told Gulf states to prepare for possible short military operation against Iran after midterm elections.
“short and intense military operation against iran could unfold immediately after the midterm elections”
Oil prices surge
WTI rose 2.96% to $102.78 a barrel while Brent crude climbed 1.3% to $115.32.
“brent crude futures rose 1.3% to $115.32 a barrel”
Houthi attack on Saudi
Houthi rebels claimed missile strike on Saudi Arabia's Ras Tanura refinery.
“houthi rebels claimed they struck saudi arabia's ras tanura refinery with missiles”
Trump's Iran remarks
Trump said war with Iran could end quickly but required iran to not have nuclear weapons.
“a war with iran could be brought to a swift conclusion”
Israel political deadlock
Israel's coalition negotiations failed to secure majority for either Netanyahu or Eisenkot.
“neither prime minister benjamin netanyahu's camp nor opposition led by gadi eineskot expected to secure 61 seats”
Geopolitical risk premium
Middle East supply chain risks increased oil prices as military tensions over iran resurface.
“market participants believe geopolitical risk premium is structurally reflected in crude prices”
What to remember
US told Gulf states to prepare for short military operation against Iran after midterm elections, pushing oil prices up 2.96% to $102.78.
