Oil Soars Following U.S. Killing Of Iran’s Top General

January 3, 2020: Oil Soars Following U.S. Killing Of Iran’s Top General

Oil prices soared early on Friday morning after U.S. forces in Iraq assassinated Iran’s most powerful and visible military leader, Qassem Soleimani.

The United States killed the Iranian general in an airstrike early on Friday morning according to Pentagon reports. Influential Iraqi militia commander and advisor to Soleimani, Abu Mahdi al-Muhandis, was also killed in the attack according to a militia spokesman.

According to Al-Jazeera, the general was killed on his way to the airport in Baghdad, in what appears to be a series of targeted airstrikes on a convoy of vehicles carrying ‘’high profile’’ guests which were being escorted from the airport by Iraq's Popular Mobilisation Forces (PMF), an Iran-backed group of militias.

Later this morning, The White House and the Pentagon confirmed the killing of the Iranian commander, stating the attack was carried out following a direct order from US President Donald Trump and was aimed at ‘’deterring future attacks’ on U.S. diplomats and service members throughout the region. Read more