Submit News
Dialogue Pakistan
No Result
View All Result
  • Citizen Journalism
  • News
  • Videos
  • Features
  • In Pictures
  • Lifestyle
  • Urdu
  • Citizen Journalism
  • News
  • Videos
  • Features
  • In Pictures
  • Lifestyle
  • Urdu
No Result
View All Result
Dialogue Pakistan
No Result
View All Result

Oil prices rise after Iraq missile attacks

Web Desk by Web Desk
January 8, 2020
in News
0
Oil prices rise after Iraq missile attacks
2
SHARES
22
VIEWS
Share on FacebookShare on Twitter

Oil prices have risen after ballistic missiles struck two bases housing U.S. troops in Iraq.

In the midst of Asian trading, Brent crude fell by 1.4 percent to $69.21 a barrel, easing from earlier gains. Also on the news, safe haven properties grew such as gold and the Japanese yen.

Read More: Iran fires missiles at US troop bases in Iraq

At the same time, global stock prices have been decreased due to concerns about the rising Middle East conflict. Japan’s Nikkei 225 stock index fell by 1.3 percent, while Hang Seng fell by 0.8 percent in Hong Kong.

Iranian state television said the attack was a revenge for the assassination of top commander Qassem Soleimani of Iran. The attack took place following Soleimani’s funeral service, who was killed on Friday by a U.S. drone strike.

His death raised questions about the potential for further escalation of the conflict between the US and Iran.

That could interrupt shipping on the busiest oil shipping route in the world – the Hormuz Strait. About one-fifth of the global supply of oil passes through the strait connecting the Gulf to the Arab Sea.

The Hormuz Strait is important to the Gulf region’s major oil exporters – Saudi Arabia, Iraq, the UAE, and Kuwait – the economies of which center around oil and gas production.

Qatar, the biggest liquefied natural gas (LNG) producer in the world, exports almost all of its gas through the strait.

Read More: Delivered a slap in the face to US via missile attack: Iran supreme leader

The U.S. Aviation Regulator banned American airlines from flying over Iraq, Iran, and neighboring countries following the latest attacks. The ban covers the Gulf of Oman and Saudi Arabia’s oceans.

The FAA said the decision was a response to increased military activity and increased political tension in the region.

Before the latest orders, the FAA had already prohibited US airlines from flying below 26,000 feet (7,925 metres) over Iraq and from flying over an area of Iranian airspace above the Gulf of Oman since Iran shot down an American drone in June 2019. Simultaneously, Singapore Airlines said all of its flights would now be detracted from the airspace of Iran.

Tags: IranmissileoiltroopTrumpunited statesUS-Iran war
Previous Post

“I hope this doesn’t become the new normal”, Deepika on JNU violence

Next Post

Poisonous chemicals leave thousands fish dead in Sukkur Barrage canals

Next Post
Poisonous chemicals leave thousands fish dead in Sukkur Barrage canals

Poisonous chemicals leave thousands fish dead in Sukkur Barrage canals

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Why Rs300 bn generated by Karachi not spent on it, asks Waseem Akhter

Why Rs300 bn generated by Karachi not spent on it, asks Waseem Akhter

1 year ago
Sindh

PM Imran Khan discusses corruption cases of PPP leaders

1 year ago

Popular News

  • Shahbaz Taseer just made a job offer to the Cafe Cannoli’s manager

    Shahbaz Taseer just made a job offer to the Cafe Cannoli’s manager

    99 shares
    Share 40 Tweet 25
  • Shaniera Akram challenges the Cannoli Cafe owners

    51 shares
    Share 20 Tweet 13
  • Sandal Khattak, Hareem Shah identity revealed

    1437 shares
    Share 603 Tweet 348
  • Hareem Shah slaps Abdul Qavi over “indecent talks”

    27 shares
    Share 11 Tweet 7
  • American climber goes missing

    23 shares
    Share 9 Tweet 6

Dialogue Pakistan

Citizen Journalism is the collection, dissemination and analysis of news by the people for the people especially by the means of internet. Dialogue Pakistan is the country's first citizen journalism portal to provide Pakistanis an opportunity to get themselves heard aiming to encourage citizen journalism inculcated with ethical values.

Category

  • Audio
  • Citizen Journalism
  • Documentaries
  • Feature Videos
  • Features
  • In House Videos
  • IN PICTURES
  • Lifestyle
  • Mobile Footage
  • New Catagory
  • News
  • News Roundup
  • Pakistan Super League
  • Photo Journalism
  • Press Conferences
  • Special Feature
  • Sports
  • Videos

Quick Links

  • About
  • Advertise
  • Careers
  • Contact

Follow us on

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Careers
  • Contact

Copyright © 2020. Dialogue Pakistan. All Rights Reserved.
Web Development & Social Media Management by Digital Otters

No Result
View All Result
  • Citizen Journalism
  • News
  • Videos
  • Features
  • In Pictures
  • Lifestyle
  • Urdu

Copyright © 2020. Dialogue Pakistan. All Rights Reserved.
Web Development & Social Media Management by Digital Otters