CRUDE OIL, IRAN, IRGC, QUDS FORCE - TALKING POINTS:
CRUDE OIL, IRAN, IRGC, QUDS FORCE – TALKING POINTS:
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Crude oil costs shot greater following information that Iranian normal Qassim Soleimani, chief of the Quds Power unit of the elite Islamic Revolutionary Guard Corps (IRGC), was killed in a US airstrike in Baghdad. A prime Iraqi paramilitary commander – Abu Mahdi Al-Mohandes – likewise died within the assault. Some sources have additionally claimed that the deputy chief of Lebanon’s Hezbollah militant group was killed in tandem.
The Quds Power carries out unconventional warfare and intelligence actions and is liable for overseas operations. It and/or its members have been variously designated as engaged in or performing in help of terrorism by the US, Canada, Egypt, Saudi Arabia and Bahrain. At this time’s strike follows three days of escalation that includes a US assault on an Iran-backed Iraqi militia and the storming of the US embassy in Baghdad.
The rise in oil costs in all probability displays issues that deepening regional instability will carry provide disruption. The benchmark WTI contract…