look news india
Experts say that if tension between Iran and Israel increases, the price per barrel of crude oil may soon reach $ 100. It is noteworthy that due to increasing tension in the Middle East, stock markets across the world including India fell on Monday.
Oil prices in Asia fell in early trade on Monday, as market players cut risk premiums following Iran's retaliatory attack on Israel last Saturday. Brent futures for June delivery fell 24 cents to $90.21 a barrel, while West Texas Intermediate (WTI) futures for May delivery fell 38 cents to $85.28, a report said.
Tension in the Middle East has increased due to more than 300 missile attacks by Iran targeting Israeli military bases. It was revealed that this missile attack was carried out by Israel on suspicion of attacking the Iranian embassy in Syria on April 1. The Islamic Revolutionary Guard Corps (IRGC) supported the attack. The IRGC said the attacks were targeted at specific Israeli facilities. There is huge tension in the region due to fear that Israel will retaliate after Iran's attack. US President Joe Biden has warned Israeli Prime Minister Benjamin Netanyahu that the US will not get involved in Israel's retaliatory measures against Iran.
