Oil prices jump after top Iranian general killed by US: Analysts warn the move could escalate tensions in the region and affect global oil production.
Oil prices have risen sharply after the killing of a top Iranian general in Iraq.
Analysts warned the action could escalate tensions in the region and affect global oil production.
The price of Brent crude jumped by more than 4% to hit $69.50 a barrel at one point, the highest since mid-September.
It came after General Qasem Soleimani was killed in a US drone strike at Baghdad airport, which the Pentagon described as "defensive action".
The price spike pushed oil stocks on the London stock exchange higher, with BP up 1.5% and Royal Dutch Shell 1.4% higher.
Source: BBC
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