Oil Jumps And Stocks Fall After U.S. Kills Qassem Soleimani

Oil Jumps And Stocks Fall After U.S. Kills Qassem Soleimani

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Social Studies

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A US airstrike killed Qasem Soleimani, leading to a 3% rise in oil prices and a drop in major stock indices. Airline stocks also fell due to the threat of higher oil prices. The AACC does not expect a prolonged impact on consumer prices. Tensions between the US and Iran have been escalating, with past incidents including protests in Baghdad and an attack on a Saudi oil facility. President Trump praised the strike, but experts warn of potential severe Iranian retaliation, possibly targeting energy infrastructure.

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