Israel-Iran battle: Oil slides 6% after Iran’s ‘symbolic’ strikes

Oil costs slipped almost $5, or 6%, on Monday after Iran attacked the US navy base in Qatar in retaliation for US assaults on its nuclear services, and took no motion to disrupt oil and fuel tanker site visitors by way of the Strait of Hormuz.About a fifth of world oil provide flows by way of the strait.A telegraphed assault on a well-defended US base may very well be a primary step in decreasing tensions supplied there aren’t any US casualties, Energy Aspects mentioned in a publish.