Oil Jumps Near $70 as U.S. Says Iran May Strike Saudi Again - Bloomberg

Oil Jumps Near $70 as U.S. Says Iran May Strike Saudi Again - Bloomberg:

Oil’s wild ride continued as the U.S. warned Iran may attack Saudi Arabia again following the American assassination of one of the Islamic Republic’s most powerful generals.

Crude futures jumped for a second day, rising to just shy of $70 a barrel in London, as the U.S. State Department said there’s “heightened risk” of missile attacks near military bases and energy facilities in Saudi Arabia, raising the prospect of disruptions in the world’s most important oil-producing region.

The warning followed a weekend of bellicose rhetoric. President Donald Trump said he was prepared to strike “in a disproportionate manner” and attack more than 50 Iranian sites if Tehran retaliates against the killing of Qassem Soleimani, while the Middle East nation said it has to “settle a score with the U.S.”