Oil Dips as Tensions Rise: Market Braces for Iran's Next Move Against Israel Oil prices experienced a decline, with U.S. crude futures dropping as the market anticipates Iran’s response to Israel following a missile attack on Iran’s consulate in Damascus. West Texas Intermediate (WTI) for May delivery decreased by 60 cents, marking a 0.69% fall, settling at $86.31 a barrel, while June Brent contract dipped by 68 cents, or 0.71%, to $90.96 a barrel. This market movement comes amid warnings from a senior Iranian military advisor to Israel, hinting at possible retaliatory actions against Israeli embassies in response to the attack that resulted in the death of Iranian commander Mohammad Reza Zahedi, for which Tehran holds Israel responsible. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold's Rally Pauses As Market Consolidates READ MORE Despite Temporary Lull, China's Gold Buying Spree Far From Over, Say Insiders READ MORE Bernankenomics: The Great American Crash Is Almost Here READ MORE Silver Market Faces Major Deficit as Industrial Demand Hits Record Highs READ MORE World Gold Council Survey: 29% of Central Banks to Increase Gold Holdings in 2024 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment