2 October 2024: 09:30 BST
The direct missile attack by Iran against Israel yesterday afternoon sent markets haywire. Brent peaked at about $75.40/bbl, at around 18:05 BST yesterday. It cooled off later in the evening to below $74/bbl before building back up overnight and into this morning to close Asian trading at $75.10/bbl. Expect more to come if the conflict escalates further. The consensus seems to be that approximately 180 missiles were fired in the bombardment, but reports are conflicting. The IDF figure matches this number.
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