Iran has launched over a dozen ballistic missiles targeting at least two bases where US military and coalition forces' are stationed in Iraq, the Pentagon said on Tuesday. Soon after the attack oil prices spiked on Wednesday morning, rising over 4.5 percent at one point.
The benchmark WTI jumped as much as 4.53 percent to $65.54 a barrel before settling down slightly after Iran unleashed its first response to the US assassination of military commander Qasem Soleimani.
These attacks came after the killing of the commander of Iran's powerful Revolutionary Guards, General Qasem Soleimani, in a US drone strike, which was ordered by President Donald Trump, on Friday. President Trump has been briefed and is monitoring the situation, officials said.
After the attack Donald Trump tweeted, "All is well! Missiles launched from Iran at two military bases located in Iraq. Assessment of casualties & damages taking place now. So far, so good! We have the most powerful and well equipped military anywhere in the world, by far! I will be making a statement tomorrow morning."
(Inputs from Agencies)
