BusinessCrude Oil Hits 4-Month High As Iran Strike On US Forces Jolts Markets
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Crude Oil Hits 4-Month High As Iran Strike On US Forces Jolts Markets
Iran attacked US-led forces in Iraq in response to a US strike last week
The Iran attack came hours after the funeral of Qassem Soleimani
The commander of Iran's elite Quds Force was killed by US on January 3
Brent futures rose to $71.75, the highest since mid-September 2019, before giving up some gains
Oil prices jumped to their highest in months on Wednesday after Iran attacked American forces in Iraq in response to a US strike that killed an Iranian general last week, raising the spectre of a spiralling conflict and disrupted oil supplies.