Iran retaliation poses threat to oil supply

Posted by Sino SCS
Up to 50 people have been killed and 200 injured in a stampede at the burial for Qassem Suleimani © AFP/Getty Images

Crude oil prices climbed above $70 per barrel on Monday (6 January) amid fears of retaliation by Iran after a US airstrike killed top military official Qassem Suleimani. 

Analysts said oil facilities or shipping through the Strait of Hormuz could be impacted if Iran strikes back, following the drone attack in Iraq on 3 January that killed Suleimani.

Author Sino SCS
中品供应链-Sino Supply Chain Service