US EditionIran Strikes: Heavy Bombing Continues After Supreme Leader Is Killed
Brent crude briefly hit $82.37 a barrel after strikes killed Iran's Supreme Leader, with over 200 vessels near the Strait of Hormuz facing navigation restrictions, Citi analysts said.
- On Sunday, U.S. and Israeli airstrikes killed Supreme Leader Ayatollah Ali Khamenei, and Israel launched fresh strikes as Tehran replied with new missile barrages.
- Iran restricted passage through the Strait of Hormuz, disrupting transit while missiles struck several oil tankers near the chokepoint, killing one crew member.
- Brent crude briefly jumped to $82.37 a barrel, and analysts at Citi warned it could trade between $80 and $90 if the conflict continues.
- More than 200 people have died in Iran after the strikes, and ten people were killed in Israel as exchanges of fire continued; lawmakers in the U.S. Congress are expected to vote on a war powers resolution.
- Fears the escalation could last weeks kept markets on edge as more than 200 vessels anchored near the Strait of Hormuz carrying roughly 20% of the world’s oil supply, and Analysts at Citi warned Brent could trade between $80 and $90 a barrel.
13 Articles
13 Articles
Celebrations appear to erupt across Iran after Supreme Leader killed
Celebrations erupted in Iran and in other parts of the world after Supreme Leader Ali Khamenei was killed in a US–Israeli strike. Donald Trump announced on social media that Iran’s leader had died in the attacks on Saturday, 28 February. Iranian state media later confirmed the death and declared a 40-day mourning period. Footage circulating online appears to show crowds gathering in Iranian cities, with some people dancing and cheering following…
Fox Business
Oil prices surge after strikes kill Iran’s supreme leader, tankers hit near Strait of Hormuz
International and domestic oil prices surged on Monday as the Iran conflict escalates following strikes that killed Supreme Leader Ali Khamenei.
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