Oil prices surge after US strike kills Iranian generalOil prices soared on concerns about supplies from the crude-rich Middle East. HONG KONG: Oil prices soared more than 4% on Friday and equities reversed early gains following news that the US had killed a top Iranian general, fanning fresh fears of a conflict in the crude-rich region. Later, US President Donald Trump tweeted a picture of the American flag, and the Pentagon said he had ordered Soleimani's killing. "This is an aggressive show of force and an outright provocation that could trigger another Middle East war." Equities sank into the red, having been enjoying the second day of the year rallying on trade optimism.

Source: Bangkok Post January 03, 2020 03:48 UTC