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 Powell Signals Fed's Pivot: Job Market Concerns May Prompt Rate Cuts READ MORE President Biden Announces Plans for Student Debt Relief for Over 30 Million Americans READ MORE Middle East Tensions Stir Global Economic Concerns as Oil Prices Climb READ MORE Countries at Climate Risk Face Soaring Debt Payments, Report Reveals READ MORE Barkin Admits January's Sticky Inflation Rates Complicate Fed's Path Forward READ MORE Add a Comment Cancel replyYour email address will not be published.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