Oil prices rose for the first time in four sessions on Wednesday after Hamas announced that Israel assassinated its political bureau chief, Ismail Haniyeh, and published a report indicating a decline in US strategic petroleum reserves for the fifth consecutive week. The price of Brent crude contracts for October delivery reached about $79 per barrel after falling by 4.1% over the past three days, while West Texas Intermediate crude approached $76. Hamas said that Israel killed Haniyeh during an airstrike in Iran. Israel also announced earlier that it had killed a senior Hezbollah commander during an airstrike on Beirut, in response to an attack in the Golan Heights, which killed 12 young men at the end of the week. Source: National Iraqi News Agency
Recent Posts
US Historical Distortion Claims Dismissed by Iranian MP
October 16, 2026
Strait of Hormuz Closure Linked to Iran’s Rights, Says Army Chief
October 16, 2026
Imam Khamenei Honors Nurses on Lady Zeinab’s Birth Anniversary
October 16, 2026
Iranian Navy Detects Burning Oil Tanker in Strait of Hormuz
October 16, 2026
President Pezeshkian Attends Biodiversity Conference in Armenia
October 16, 2026
Iran Criticizes Colombia for Opening Embassy in Occupied al-Quds
October 16, 2026
Iran Expresses Concerns Over US Presence in Surrounding Region
October 16, 2026
President Pezeshkian Concludes Visit to Yerevan for COP 17
October 16, 2026