Oil prices jump after Iran military leader killed in US strike
Hong Kong (CNN Business)Oil prices pulled higher Friday morning after a top Iranian general was killed in a US airstrike at Baghdad's airport ordered by President Donald Trump.
Futures for Brent crude, a global benchmark, jumped 2.9% to $68.16 per barrel during Asian trading hours on Friday. US oil futures gained 2.8%, reaching $62.86 per barrel. That puts both on pace right now for their biggest daily gains in about a month, according to Refinitiv data.
The Pentagon confirmed in a statement that the US military killed Qasem Soleimani, the commander of Iran's Islamic Revolutionary Guards Corps (IRGC) Quds Force unit, in the attack at Baghdad International Airport. It said the strike was aimed at "deterring future Iranian attack plans."
Analysts warned that the incident could escalate tensions in the region and affect global oil output.
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