Asian markets and US futures are falling after U.S. airstrikes in Iraq killed a top Iranian commander, heightening geopolitical tensions in the Middle East region once again. Brent crude futures jumped close to $3 to their highest since September, U.S. West Texas Intermediate crude jumped 2.81% to $62.90 per barrel. And gold prices surged to a 4-month high, currently trading above $1540.
Iranian Major-General Qassem Soleimani, head of the elite Quds Force, and Iraqi militia commander Abu Mahdi al-Muhandis was killed early on Friday in an airstrike on their convoy at Baghdad airport, an Iraqi militia spokesman told Reuters. U.S. officials told Reuters that strikes had been carried out against two targets linked to Iran in Baghdad.