Oil prices Jump after US air strikes kill Iranian military commanders in Iraq

Oil jumped as tensions in the Middle East were relieved after a US attack near Baghdad International Airport killed General Iran.

Futures in New York and London jumped as much as 3% after the attack. The protests killed Qassem Soleimani, an Iranian general who led the revolutionary Quds' forces, according to two people familiar with the matter. Ambassador in Baghdad this week

The United States and Iran are facing Donald Trump's economic campaign against Tehran and suspect retaliation against Iranian people. Saudi energy sources, including foreign oil tankers in and around the Persian Gulf, have been targets of multiple attacks in the past year - the region with OPEC's fifth-largest producer.

"I expect tensions in the region to intensify," said Singaporean economist Howie Lee from the Foreign Bank of China Corp. "Entering the election year in the United States, a pressure campaign by President Trump Iran may add more. "

Brent for settlement in March increased by $ 1.99 to $ 68.24 a barrel in the ICE Futures Europe Exchange in London at 22:15 hrs. Singapore time was up 25 cents to close at $ 66.25 on Thursday.

West Texas Intermediate for February delivery increased $ 1.84 or 3% to $ 63.02 a barrel from the New York Mercantile Exchange. The contract rose 12 cents to 61.18 dollars on Thursday.

The strike elevated the three-way tension between the United States and the major oil producers, Iran and Iraq. The US embassy in Baghdad was attacked by protesters this week after a rare American direct attack on Iranian-backed militia in the country.

The two Middle East countries combined pumped more than 6.7 million barrels per day of oil last month, according to data compiled by Bloomberg, more than one-fifth of OPEC output.