Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN - Business

Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN (71030 Views)

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Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by Godhead4(op): 2:38am On Jan 08, 2020

Oil prices climbed sharply Tuesday after the Pentagon said Iran launched more than a dozen ballistic missiles against US bases in Iraq.

The apparent retaliation for last week's US drone stroke against a senior Iranian commander amplifies concern about a spiraling tit-for-tat conflict between the United States and Iran.

US crude jumped more than 4% to over $65 a barrel Tuesday evening after US officials said Iran launched more than a dozen missiles that targeted at least two bases hosting American military personnel. Crude, which settled at $62.70 a barrel during regular trading Tuesday, climbed as high as $65.48 a barrel.

Significantly, the attack was claimed by Iran itself, not one of the nation's various proxy groups in the region. And the Pentagon said that Iran used ballistic missiles from inside Iraq, indicating a significant escalation.

"It comes as no surprise that there has been a reprisal from Iran -- the concern is that this is just the sign of things to come," said Matt Smith, director of commodity research at ClipperData.

President Donald Trump, who has previously visited one of the airbases targeted, has been briefed on the rocket attacks. The Pentagon said it is "working on initial battle damage assessments" and will "take all necessary measures to protect and defense" US personnel and allies in the region.

Trump has previously vowed to hit back at Iran if it retaliated for the US drone strike that killed Qasem Soleimani, the head of the IRGC Quds Force.

Investors are on high alert for any signs of a clash between the United States and Iran that threatens oil supplies in the Middle East. Crude prices retreated earlier this week on hopes that energy supplies won't be impacted by the tensions.

A spike in oil prices could deal a blow to the world economy, which is already struggling from weak manufacturing activity. Dow (INDU) futures tumbled more than 300 points, or 1.2%, late Wednesday.

https://edition.cnn.com/2020/01/07/business/oil-prices-iran-attack-iraq/index.html

1 Like 1 Share

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by Nobody: 3:27am On Jan 08, 2020

So, it begins

72 Likes 6 Shares

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by bashir1451(m): 3:27am On Jan 08, 2020

Wow

1 Like

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by Judesayo: 3:28am On Jan 08, 2020

More to come

6 Likes

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by Sheisenough(f): 3:28am On Jan 08, 2020

Since I haven't slept I'll reply.

26 Likes 4 Shares

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by Vandi2: 3:28am On Jan 08, 2020

FTC

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by 16yearsold: 3:28am On Jan 08, 2020

The green marks shows list of countries that was affected in world War 2.
Chai!!! Even Nigeria was among cry

20 Likes 6 Shares

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by Drakkernoir: 3:28am On Jan 08, 2020

Watching in 3d

This pays Nigeria right?

I really hope we use any gains rightly this time around

31 Likes

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by alienvirus: 3:28am On Jan 08, 2020*

Iran means business. These western colonialists can't bully everyone to submission. Someone needs to stand shoulder to shoulder with them. At least, Iran has shown the world that it is not a coward.

Omo akin to kii sa loju ogun.

Modified.

To those unhappy lads quoting me:

Iran is no match to US. No doubt. Iran has done what other nations dare not to do including Russia and China. Bombing US bases means "You are not untouchable. We can hit you, we can cause damages". That is a big actinable statement.

Don't go down the drain like a sissy without giving a good fight. Omo akin kii sojo

280 Likes 26 Shares

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by Dottore: 3:29am On Jan 08, 2020

Oil stock investors would be smiling.
Some people actually benefit in what others call bad times.
Warfare Weapons manufacturers, military equipment contractors and manufacturers, medical aid suppliers of humanitarian organizations etc.

All in the midst of losses of precious lives.
USA is miles heavier than Iran but they would suffer their own losses too if there should be war. No amount of heroic recognition and posthumous awards will truly reward or makeup the wounds of a slewn family member in any military base.

Let peace reign. We can do without war.

173 Likes 17 Shares

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by Correcto: 3:29am On Jan 08, 2020

Nairaland has given birth to new clowns who thinks Iran is a match for the United States

220 Likes 12 Shares

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by bukkielee(m): 3:29am On Jan 08, 2020

Evil Donald Trump had plans to destroy the world but God Almighty rules.

36 Likes 7 Shares

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by Bluntguy: 3:29am On Jan 08, 2020

This 3rd WW is gradually dawning on us o. May God help us all.

2 Likes 1 Share

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by slightlyMad(f): 3:29am On Jan 08, 2020

It is amazing how war analysts on NL thinks it is wrong for the US to kill a man who has killed many US citizens and also planning to kill more
is his life more precious than anyone's
without concrete evidences against him, you all think US will just kill him just for fun?

You all need to stop siding with evil

175 Likes 18 Shares

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by Tyger1: 3:30am On Jan 08, 2020

Na so e don start...?? Sharp sharp?? O ga o

1 Like

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by jjwaterfalls(f): 3:30am On Jan 08, 2020

Hmmm

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by MANNABBQGRILLS: 3:31am On Jan 08, 2020*

This sh#t is getting seriously serious .

SAY NO TO TERRORISTS.
SAY NO TO TERRORISM.

Let's make love, not war!

Peace is all we want in the world!

16 Likes 9 Shares

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by 9jayes: 3:31am On Jan 08, 2020

Nigeria will gain more in this war than US.

Sell all your US $$ now before it late. See my sig

3 Likes

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by Neduzze5(m): 3:32am On Jan 08, 2020

This shit is getting real!!

4 Likes 1 Share

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by peacettw: 3:32am On Jan 08, 2020

May God help us all

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by shuttox: 3:32am On Jan 08, 2020

Ohmmmm

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by Dmony: 3:32am On Jan 08, 2020

Would that be an advantage to Nigeria?... just asking

3 Likes

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by calabardick(m): 3:33am On Jan 08, 2020

This movie is getting interesting

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by darfay: 3:33am On Jan 08, 2020*

Good news for Nigeria

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by oluseyiforjesus(m): 3:33am On Jan 08, 2020

God pls we don't want WW3

7 Likes 2 Shares

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by uzohrome(m): 3:33am On Jan 08, 2020

Iran should tread with caution, Usa is not friendly at war revenge, usa will hit back and it will be deadly. Let watch out sha. God will take control.

10 Likes 3 Shares

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by Jaysnowkid: 3:33am On Jan 08, 2020

You guys should come and patronize Nigeria oil.

5 Likes

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by 16yearsold: 3:34am On Jan 08, 2020

post=85601505:
This sh#t is getting seriously serious .

SAY NO TO TERRORISTS.
SAY NO TO TERRORISM.

Let's make love, not war!

Seriously,
This all you could do cry

Chanrt on nairaland

29 Likes 1 Share

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by Nigerfine3: 3:35am On Jan 08, 2020

Iraq will suffer more than everyone. Iraq has been destroyed over and over that even as they were been repaired this war is to take place on their soil again.
Iraq is in. Do I see Russian taking side, I don't think so with trump in forefront. War is evil

War

6 Likes

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by OBIGS(m): 3:35am On Jan 08, 2020

Men it's gonna be bad. Trump will surely respond

6 Likes 4 Shares

Re: Oil Prices Soar After Iran Attacks Airbases Housing US Troops In Iraq - CNN by Nobody: 3:35am On Jan 08, 2020

bukkielee:
Evil Donald Trump had plans to destroy the world but God Almighty rules.

what is this dude saying?

23 Likes 2 Shares

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