Oil jumps as US strike on Iran general raises conflict fears

The oil price surged almost USD 70 per barrel after a US airstrike killed an Iranian general in Iraq. The move intensifies fears of a new conflict in the world's top crude oil producing region.

Qassem Soleimani was killed during an attack in Baghdad. | Photo: -/AFP / KHAMENEI.IR

BY SAKET SUNDRIA, BLOOMBERG

Oil jumped close to USD 70 a barrel after a U.S. airstrike ordered by President Donald Trump killed a top Iranian general in Iraq, intensifying fears of conflict in the world’s most important crude-producing region.

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