Oil Rises as Israel Plans Next Iran Move After Weekend Attack
- Netanyahu meets aides to discuss retaliation against Tehran
- Aramco CEO says he’s bullish on China given Beijng’s stimulus
This article is for subscribers only.
Oil gained — after losing more than 8% last week — as China moved again to bolster its economy and traders tracked the risk to supplies from tensions in the Middle East.
West Texas Intermediate advanced almost 2% to settle at more than $70 a barrel while global benchmark Brent rose to settle above $74 a barrel. On Saturday, a Hezbollah drone exploded next to Israeli Prime Minister Benjamin Netanyahu’s private home. The following day, Israel opened a fresh military assault on the group’s strongholds in Lebanon. Israel has already vowed to retaliate against Iran for a missile attack at the start of October.