Oil Prices Shoot As Iran Attacks Fuel Tensions

Oil prices have scaled highest since September 2019 Wednesday, after Iran targeted the US military bases in Iraq holding the coalition personnel, in response to killing of the highest military person Qassem Soleimani.


Following the attack, the oil prices in the international market have peaked as peace uncertainty clouds the Earth’s surface once again bringing disputes in oil supplies.


However, prices cooled a fraction after the early heat as analysts said market tension could ease as long as oil production facilities remain unaffected by attacks.


This short and sudden pike in the oil prices have sparked tension among the stake holders as well as the international market, with hopes that the matter cools down between the two supreme states before causing a catastrophy of any sort.

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