The oil market was on tenterhooks Friday amid increased geopolitical risk in the Middle East after Iran vowed to exact “harsh revenge” for US airstrikes that killed its top military commanders. The US Department of Defense confirmed late Thursday that Iran’s General Qassim Soleimani had been killed by the US military in response to his role in recent attacks on American diplomats and service members in Iraq and throughout the region, including his approval of the attack on the US Embassy in Baghdad this week. The killing of Soleimani in the Baghdad strike increases the likelihood of additional attacks on Middle East energy infrastructure and the possibility of military conflict between the US and Iran, according to analysts and market watchers. Related coverage: US sanctions on Iran “This is a seismic event in the […]