Oil Markets React to Missile Strike in Damascus Sparks Fear On the first day of Q2 trading, crude oil futures experienced a price increase following reports of a missile strike on the Iranian consulate in Damascus, Syria. West Texas Intermediate for May delivery rose by 54 cents to $83.71 a barrel, while Brent for June delivery climbed 42 cents to $87.42 a barrel. Reports indicated that the strike, attributed to Israel, resulted in casualties including Mohammad Reza Zahedi, a senior commander of Iran’s Revolutionary Guard. Analyst Leo Mariani suggested that this incident could escalate Middle Eastern conflict, potentially driving oil prices higher in the near term. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts MAS Singapore Gold Vault READ MORE Gold & Silver Mining Stocks Exposed: Long-Term Reality Revealed READ MORE Four Tech Titans Propel Stock Market to New Highs on AI Hopes READ MORE CEOs Identify National Debt as Foremost Threat Amid Global Uncertainties READ MORE U.S. Labor Market Holds Strong; First Quarter Productivity Sees Minor Dip READ MORE Add a Comment Cancel replyYour email address will not be published.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