Israel-Iran conflict: Oil slides 6% after Iran’s ‘symbolic’ strikes
Oil prices slipped nearly $5, or 6%, on Monday after Iran attacked the US military base in Qatar in retaliation for US attacks on its nuclear facilities, and took no action to disrupt oil and gas tanker traffic through the Strait of Hormuz.About a fifth of global oil supply flows through the strait.A telegraphed attack on a well-defended US base could be a first step in reducing tensions provided there are no US casualties, Energy Aspects said in a post.
