Oil jumps 3 per cent as Israel strikes Iran, others in Middle East

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Oil prices surged more than three percent in early Asian trade on Friday following reports of explosions in Iran, Syria and Iraq, sparking fears of an escalation of the Middle East crisis.
West Texas Intermediate jumped 3.66 percent to $85.76 and Brent rose 3.44 percent to $90.11.
The reports come after a missile attack on Israel by Iran last weekend that Israel’s army Chief, Herzi Halevi warned would be met with a response.
Recall that, Tehran unleashed more than 300 ballistic and cruise missiles and attack drones late Saturday, most of which were repelled by air defences.
The country’s leaders said the strike was a legitimate response to a deadly attack on an Iranian embassy building in Damascus that it blames on Tel Aviv.

Written by: bossgmsi

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US Vetoes Palestinian Attempt to Gain Statehood At The United Nations.

United States on Thursday blocked a United Nations Security Council resolution that would have recognised a Palestinian State. Twelve members of the Security Council had voted in favor of the resolution, while two countries which included the UK and Switzerland abstained while the US vetoed it. Reacting to the process, the Palestinian Authority President, Mahmoud Abbas, criticized the US veto, saying that it was “unfair, immoral, and unjustified, and defies […]

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