Oil jumps on Middle East tension 2024-04-20 07:53:01

The price of US crude rose by 4.34% to $86 a barrel immediately following the release of the first information, while Brent oil recorded an increase of 4.35%, once once more surpassing $90 a barrel. Just before 06:00 in the morning its price reached 90.7 dollars.

Assets that are considered a safe haven for investors are also on the rise. Spot gold prices hit a new all-time high of $2,411.09 an ounce, while the yen gained 0.45% to 153.93 once morest the US dollar. Iran’s Fars news agency reported that explosions were heard near the airport of the Iranian city of Isfahan.

Flight tracking website Flight Radar 24 showed several flights diverted over Iranian airspace early Friday.

Explosions were heard early in the morning in southern Syria, the Syrian Observatory for Human Rights announced, while the founder of a news website in the region spoke of strikes on a Syrian army radar site.

The blasts came as — according to US media citing US government officials — Israel launched an airstrike once morest Iran in retaliation for Iran’s attack with hundreds of drones and missiles over the weekend.

“Explosions were heard in the area where a Syrian army radar site is located, between Sweida and Deraa provinces,” as “the Israeli (war) air force carried out intensive overflights in the area,” according to the non-governmental organization.

However, the Observatory, which is based in Britain and has a wide network of sources in Syria, was unable to confirm that it was an aerial bombardment.

According to Rayan Marouf, founder of a regional news site, “there was shelling once morest a Syrian army radar position in the western part of Sweida province.” He was however unable to specify by whom.

Israel frequently targets positions of the Syrian army and armed groups close to Iran fighting alongside the regime of Bashar al-Assad.

Strong explosions were heard early today in central Iran. According to the FARS news agency, there were three explosions near a military base in Isfahan.

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