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Int'l Oil Prices Drop This Morning as Israel Pledges Not to Target Iranian Energy Infrastructure
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Following Israel's earlier attack on Iranian natural gas fields, which led to retaliatory strikes on energy facilities across the Middle East and caused a surge in oil and natural gas prices, Israeli Prime Minister Benjamin Netanyahu said that Israel will no longer target Iranian energy infrastructure. The Israeli military will assist the US in attempting to reopen the Strait of Hormuz, with the belief that the war will end sooner than expected. Netanyahu's remarks helped calm the market, and international oil prices fell this morning (20th). Brent oil futures for May delivery shed by 1.99% to US$106.49 per barrel, while New York oil futures for April delivery waned by 1.56% to US$94.64 per barrel. AASTOCKS Financial News Website: www.aastocks.com |
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