Arabic AR Chinese (Simplified) ZH-CN English EN French FR German DE Japanese JA Portuguese PT Russian RU Spanish ES Ukrainian UK

Oil prices soar over fears of US strike on Syria

Latest news

    Oil prices have neared 2014 highs over warnings of western air strikes against Syria [Joe Raedle/Getty Images/AFP]

    Oil prices have soared to their highest level since December 2014 amid the possibility of the US carrying out air strikes against Syria.

    Brent Crude rose to $71.33 per barrel late on Tuesday, marking its highest level since December 3, 2014, markets showed.

    American benchmark West Texas Intermediate (WTI) rose to as much as $65.86 a barrel at 19:15 GMT – its highest level since March 27.

    Although Syria is not a key oil producer, the wider Middle East is the world’s most important crude exporter and tensions in the region tend to disrupt oil markets.

    US President Donald Trump and Western allies are discussing possible military action against Syria after they blamed President Bashar al-Assad for a suspected poison gas attack on a rebel-held town near Damascus.

    The Syrian government has put its forces on “high alert” amid the looming threat after Trump pledged to respond “forcefully”.

    Syria’s government and its ally Russia have denied the chemical attack took place, but rescuers and medics have said dozens of people, including many women and children, were killed.

    The US, France, and the UK have ramped up pressure on Syria’s government by pledging strong reactions to the alleged gas attack, with France warning it would retaliate if evidence emerged that the “red line” of chemical weapons had been crossed.

    View the original article: https://www.aljazeera.com/news/2018/04/oil-prices-soar-fears-strike-syria-180411083402580.html

    Speaking to Europe 1 radio, French President Emmanuel Macron said intelligence shared with Trump “in theory confirms the use of chemical weapons.”

    In the same category are

    Chemical attacks on Iran in the 1980s that US ignored An estimated 7,500 Iranian military and civilians were killed in several Iraq chemical weapons attacks US President Donald Trump announced on Frida...
    Ethiopia’s new Prime Minister Abiy Ahmed names cabinet Abiy Ahmed is the first prime minister from the Oromo ethnic group in the east African country's history Ethiopia's new prime minister has named a ...
    Chemical attacks against Iran that US ignored An estimated 7,500 Iranian military and civilians were killed in several Iraq chemical weapons attacks US President Donald Trump announced on Frida...
    Alabama to execute Walter Moody, 83, oldest in modern US history Moody is on death row for charges related to pipe-bomb killings Alabama has scheduled the execution of Walter Moody Jr for April 19. If the state c...
    Powerful storm pounds India’s West Bengal state At least 15 people have died after a storm, with wind speeds close to 100kph, battered parts of India's eastern West Bengal state, uprooting trees, el...
    Powerful storm pounds India’s West Bengal state At least 15 people have died after a storm, with wind speeds close to 100kph, battered parts of India's eastern West Bengal state, uprooting trees, el...

    Leave a comment

    Your email address will not be published. Required fields are marked *