Business News of Friday, 3 January 2020Source: classfmonline.comOil prices jump after top Iranian general killed by USFile photoOil prices have risen sharply after the killing of a top Iranian general in Iraq. Analysts warned the action could escalate tensions in the region and affect global oil production. It came after General Qasem Soleimani was killed in a US drone strike at Baghdad airport, which the Pentagon described as "defensive action". The price spike pushed oil stocks on the London stock exchange higher, with BP up 1.5% and Royal Dutch Shell 1.4% higher. Several of the world's biggest oil producers can be found in the area, which could be affected if there were a wider military confrontation involving Iran.

Source: GhanaWeb January 03, 2020 14:37 UTC