Last Thursday (2), a Drone Strike from the United States at an airport in Baghdad, Iraq, killed Qassem Soleimani, head of iran's Revolutionary Guard unit. After the U.S. confirmed the responsibility for the bombing, oil prices rose more than 4 percent on Friday (3). Brent rose 4.4 percent to $69.16, and WTI jumped 4.3 percent to $63.84.
Iran has the fourth largest oil reserve in the world and Iraq is the second largest producer of the Organization of Petroleum Exporting Countries (OPEC), exporting about 3.4 million barrels of crude oil per day. An hour after the disclosure of Soleimani's death, oil prices on the international market had already increased.
The event has increased the state of tension between the countries. Iraqi militiamen had already raided the U.S. embassy in Baghdad on Tuesday (31) and U.S. President Donald Trump promised retaliation. The invasion would be a response to an American attack on the Syrian border that killed 25 fighters from iraq's Popular Mobilization Forces on Sunday (29).
The U.S. embassy in Baghdad has asked all U.S. citizens to leave Iraq immediately and experts have said that because of the importance of the general to the country and the advance of tensions, what should have very serious geopolitical consequences, triggering even the idea of a Third World War.ACESSE AS REDES DA PANORAMA OFFSHORE: