Crude prices spike after report that Iranian general killed in U.S. airstrike
Published: Jan 2, 2020 9:10 p.m. ET
Crude prices spiked Thursday night following reports that a top Iranian general and an Iraqi militia's deputy commander were killed in a possible U.S. airstrike at Baghdad's airport. Citing Iraqi officials, the Associated Press said Iranian Gen. Qassim Soleimani, the head of Iran's elite Quds Force and one of that country's most powerful officials, had been killed. An Iran-backed militia blamed the U.S. for the attack, but Washington had no immediate response. That set off immediate speculation of serious military reprisals against U.S. targets around the Persian Gulf by Iran and Iranian-backed militias in Iraq.