Oil hits highest level since Oct. amid fears of Iranian retaliation

“Israel” is wary of a direct and unprecedented strike by Iran on government sites as early as Saturday, a move which has the potential to ignite a regional war, according to persons familiar with Western intelligence assessments. 

The anonymous sources told Bloomberg that they predicted that a drone and precision missile bombardment would occur within the following 48 hours.

Israeli media reported on Friday that Iran’s threat to retaliate for the assassination of Quds Force leaders in the attack that targeted its consulate in Syria has left “Israel” paralyzed with fear.

This development comes in the wake of fears of targeting Israeli occupation forces abroad. Israeli media in recent days has discussed the rising fear within the Israeli occupation of Iran’s response.

Due to its fear of retaliation, the occupation closed 28 of its legations worldwide, according to Israeli media reports.

US President Joe Biden said Friday he was expecting Iran’s retaliation against an Israeli strike “sooner than later,” warning Tehran not to launch an attack on the Israeli occupation entity.

Meanwhile, oil rose to its highest level since October, rising as much as 2.6% to $92 a barrel. Futures have risen by 19% this year, with the Israeli war on Gaza adding a risk premium to the market.