Brent crude briefly jumped above US$77 a barrel today after a flare-up of tensions in the Middle East and an exchange of strikes between Iranian forces in Syria and the Israeli army. According to Israeli sources , Iranians attacked Israeli positions in the Golan Heights with rockets, which prompted an immediate reaction. The Israeli forces carried out a string of air strikes against “dozens” of Iranian targets in Syria following the rocket attack, itself a retaliation for Israeli strikes against Iranian positions in Syria last month, in which seven Iranian Revolutionary guards were killed. As a result of this sudden spike in aggression, oil prices, already rattled more than enough by President Trump’s withdrawal from the Joint Comprehensive Plan of Action, commonly called the Iran nuclear deal, continued their climb upwards, as the danger of a direct war between Israel and Iran, which PM Benjamin Netanyahu recently suggested might […]