Oil pushes higher as US strikes in Syria raise Mideast tensions
Oil advanced as the US conducted strikes on two Iran-linked facilities in Syria, reanimating investor concerns that the Israel-Hamas war may spark a wider conflict and disrupt crude supplies.
By Yongchang Chin and Alex Longley, Bloomberg
Global benchmark Brent rose above USD 90 a barrel to pare a weekly loss. The US carried out the strikes in response to attacks on American troops, after the Pentagon had announced the deployment of extra military personnel to the region. Iran, meanwhile, held army drills and said the US won’t be unaffected if the conflict widens.
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