Oil jumps as Iran claims strikes, Israel issues stark warning
Brent futures traded near US$97 a barrel at the highest since late July
Oil prices have risen following Iran's claim of fresh retaliatory strikes. Israel has responded by warning of a potential massive response if attacked.
The Israeli Defence Minister stated that an Iranian attack would allow Israel to act without constraint. The minister also mentioned that economic pressure on Iran could lead to drastic action from Tehran.
According to The Korea Times, the Israeli Defence Minister threatened to strike Iran's national military and civilian infrastructure, including its energy infrastructure, if attacked.
Brief written by urgent.news from Financial Post, The Korea Times — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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