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 US Wholesale Inflation Hits Annual High, Signaling More Price Hikes Ahead READ MORE SAXO Bank: Can Gold Overcome the ‘September Curse’? READ MORE Gold Rises on Rate Cut Expectations Before Inflation Data READ MORE Financial Insecurity Looms for Gen X as Retirement Approaches READ MORE THE SILVER BREAKOUT: Off To $48? Triple Digits? READ MORE Add a Comment Cancel replyYour email address will not be published.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