Crude has regained some ground after media outlets have led with headlines that Israel is considering striking Iranian energy facilities in Iran, citing an NBC report.

  • The NBC report was less equivocal than the headline, reporting that Israel had not made a final decision on specifics of its response and options remain under consideration.
  • The headlines on social media read: US OFFICIALS TO NBC - ISRAEL IS CONSIDERING STRIKING ENERGY FACILITIES IN IRAN.
  • The Israeli PM has refused to approve Defense Minister Yoav Galant's trip to Washington planned for tonight until receiving a call with President Biden and until the Israeli cabinet approves the response to Iran's missile attack, according to a source cited by Barak Ravid.
  • Brent DEC 24 down 3.8% at 77.82$/bbl
  • WTI NOV 24 down 3.8% at 74.21$/bbl

OIL: Crude Jumps on Headlines Suggesting Targeting Iranian Energy

Last updated at:Oct-08 17:25By: Lawrence Toye
Oil Positioning+ 8

Crude has regained some ground after media outlets have led with headlines that Israel is considering striking Iranian energy facilities in Iran, citing an NBC report.

  • The NBC report was less equivocal than the headline, reporting that Israel had not made a final decision on specifics of its response and options remain under consideration.
  • The headlines on social media read: US OFFICIALS TO NBC - ISRAEL IS CONSIDERING STRIKING ENERGY FACILITIES IN IRAN.
  • The Israeli PM has refused to approve Defense Minister Yoav Galant's trip to Washington planned for tonight until receiving a call with President Biden and until the Israeli cabinet approves the response to Iran's missile attack, according to a source cited by Barak Ravid.
  • Brent DEC 24 down 3.8% at 77.82$/bbl
  • WTI NOV 24 down 3.8% at 74.21$/bbl