Oil prices rose more than 4% shortly after the US announced the destruction of Iranian General Soleimani in the air strike this morning.

Brent crude oil price increased nearly 3 USD to 69.16 USD / barrel, the highest level since September 2019 when Saudi Arabian Aramco refinery was attacked. Meanwhile, West Texas Intermediate (WTI) US oil price increased by 1.76 USD (2.9%) to 62.94 USD / barrel.

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General Soleimani (middle) at the meeting between IRGN commanders and Iranian Supreme Leader Ali Khamenei Photo: Reuters.

"Iran will undoubtedly take some kind of retaliation. They will not confront the US directly. Instead, they will try to attack Saudi oil tankers, or maybe factories." refining, "said John Tirman, director of the Institute for International Technology Research Institute.

"Iran will attack US assets and its allies in the region, and they will continue to do so for a long time," Tirman said.

"Supply risks are also increasing in the Middle East and we can see tensions continue to escalate between the US and Iranian-backed armed groups in Iraq," said Edward Moya, a consortium analyst. Oanda stock, said.

Gold prices on the world market today increased by 1%, the highest increase in 4 months. Gold is often a safe haven when economic and political uncertainty escalates, and when the US dollar price drops.

The US air strike near Baghdad International Airport, Iraq, this morning caused the commander of the Quds task force of the Iranian Revolutionary Guards (IRGC) Qassem Soleimani and commander of militant Abu Mahdi al-Muhandis. network. The Pentagon confirmed the attack, saying it was "an attempt to intercept Iran's future offensive plans".