Syrian and Iranian state media said Monday that an Israel missile strike hit the Iranian consulate in Damascus.
An energy installation on a property leased to Devon Energy Production Company by the Catholic Archdiocese of Oklahoma City is seen near Guthrie, OklahomaCrude oil futures rose in the first day of second quarter trading Monday amid reports that the Iranian consulate in Damascus was hit by a missile strike.
Geopolitical risk remains present in the market as Ukraine strikes Russian oil refineries, and Houthi militant attacks in the Red Sea have led to the diversion of crude deliveries around the Cape of Good Hope in southern Africa. Oil has also been grinding higher in 2024 on expectations of strong global demand as OPEC+ holds barrels off the market through at least the second quarter.
U.S. crude and Brent have booked three consecutive months of gains. WTI is up 17.8% for the year while Brent has risen 14.2%. JPMorgan says 'all roads' of the AI boom lead to this global chip manufacturer that's trading at a 50% discountBlackRock says bitcoin returns likely to come down now that it has been embraced by Wall StreetThese stocks may have trouble living up to expectations for a big earnings turnaround this year
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Syria says an Israeli airstrike has destroyed Iran's consulate building in Damascus, with deathsSyrian state media says an Israeli airstrike has destroyed the consular section of Iran’s embassy in Damascus, killing or wounding everyone inside
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