Wednesday , January 29 2020

Iranian Quds Force Head Killed: Oil Price rise in the Global Market

Oil Price rise in the Global Market

The stock market in Asia has seen a mixed trend after the death of Maj. Gen. Qasem Sulaimani, the head of the Quds Force of the Iranian-backed Revolution leader in the US airstrike in Iraq, while oil prices have increased in the global market.

According to a US news agency AP report, after the US airstrikes in Iraq, Shanghai and Hong Kong saw a decline in stokes market, Australia and some Southeast Asian markets saw an increase, while Japanese markets closed.

Jeffrey Healey of American Online Forex Onda said that Investors are confused due to geographical and political uncertainty.

Related: US rocket attack on Baghdad airport; 8 killed including Iranian general Qasem Soleimani

In addition, crude oil in the US West Texas Intermediate (WTI) rose $ 1.68, or 2.8 %, to $ 62.86 a barrel, the highest increase since May 1, according to the British news agency Reuters.

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