FRI APRIL 19 2024-theGBJournal| Global oil prices surged nearly 4% before settling to sit at $88 a barrel after Israel carried out what is seen as a retaliatory strike against Iran.
Global investors have been closely monitoring how Israel was going to respond after Iran shot over 200 missiles at Israel last week.
Concerns that the escalating conflict in the Middle East could disrupt oil supplies has been growing.
Tension in the region have already affected shipping through the Strait of Hormuz between Oman and Iran.
Meanwhile, US said it did not endorse the strike and is yet to issue a statement on the reported strike, and Iran said the strike amounted to only a few drones after explosions were reported inside Iran, in Isfahan Province in central Iran.
Footage seen on social media shows moment when small flying objects were targeted in Iranian sky over Isfahan and Tabriz.
Iran said it shot down several of the drones and that there was ”no missile attack for now.”
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