Oil prices moved higher after a top Iranian general was killed in a US airstrike ordered by President Trump
Futures for Brent crude, a global benchmark, jumped 3.6% to settle at $68.60 per barrel on Friday. US oil futures gained 3.1%, settling at $63.05 per barrel. Both are on track for their biggest daily gains in about a month and their highest prices since September, when Iran attacked Saudi oil facilities.
The United States blamed Iran for those attacks, but prices pulled back quickly after Saudi officials said the kingdom would rely on reserves to keep exports stable. Iran denied that it was responsible. It took Saudi Arabia just 11 days to restore production, according to the International Energy Agency. Iran could disrupt shipping through the Strait of Hormuz.
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