According to Iran’s semi-official Tasnim news agency, the Islamic Revolutionary Guard Corps (IRGC) said it had targeted Israel in retaliation for the assassination of Hassan Nasrallah, the leader of Hezbollah,
Although losses were limited by supply concerns in the Middle East and Libya, oil prices dropped by about 1% on Wednesday as a result of ongoing worries about Chinese demand
On Wednesday, oil prices somewhat decreased as concerns that a broader Middle East conflict may jeopardise output in one of the world’s key locations for petroleum production subsided while U.S.