translated from Spanish: Brent oil rises 4% for US-Iran crisis in the face of Soleimani’s death

The price of the Brent barrel rose this morning by 4% in the London market in the wake of the tension between the US and Iran over the US attack in Baghdad that led to the death of an Iranian commander and that of the vice-president Iraqi Shia militias, Crowd Popular, Abu Mahdi al Mohandes.
Brent crude for delivery in March climbed this morning at $69.50 a barrel, the highest level since black gold reached $69 on September 17.
At the start of the day, Brent, a reference in Europe, was trading at $68.17, 2.90% more than at the end of the previous day, fearing an escalation of tension.
Expert Christopher Haines of Energy Aspects told Efe on Friday that the rise in price is mainly due to the “geopolitical risk” the attack poses due to “uncertainty about Iran’s possible response.”
“The Iranians will calculate any response and are unlikely to be reckless and reckless in retaliation, and we expect them to wait their time. Oil prices should calm down in the coming days, although given the uncertainty of where and when Iran can counterattack, a risk premium will remain,” he added.
According to the Pentagon, the attack in which Abu Mahdi al Mohandes and Qasem Soleimani, commander of the Quds Force of the Guardians of Iran’s Revolution, in the Iraqi capital sought to “deter” future plans of Iran.
The same source noted that General Soleimani was “actively developing plans” to attack U.S. diplomats and service members in Iraq and throughout the region.
British Foreign Minister Dominic Raab on Friday called on “all sides” to lower tension after the attack.
“We have always recognized the aggressive threat posed by the Iranian Quds force led by Qasem Soleimani. After his death, I ask all parties to lower the tension. A major conflict is not of our interest,” Raab said in a brief statement released on Friday by the UK Foreign Ministry.

Original source in Spanish

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