al jazeeraOil prices are expected to rise on Monday after Iran’s attack on Israel over the weekend, analysts say, but further gains may depend on how Israel chooses to retaliate.
Concern of a response from Iran to the strike on its embassy compound in Syria supported oil last week and helped send global benchmark Brent crude on Friday to $92.18 a barrel, the highest since October.
“It is only reasonable to expect stronger prices when trading resumes,” said Tamas Varga of oil broker PVM. “Having said that, there has been no impact on production so far and Iran has said that ‘the matter can be deemed concluded’.
“However fierce and painful the initial market reaction will be, the rally could prove to be short-lived unless supply from the region is materially disrupted.”
A spokesperson for Yemen’s Houthis has called Iran’s attack on Israel a legitimate act in response to the strike on the Iranian consulate building in Syria’s Damascus earlier this month.
The spokesperson added that the group running much of northern Yemen had been in direct confrontation with Israel after the start of its war on Gaza by attacking the southern Israeli port of Eilat with missiles and drones and by preventing Israeli ships from sailing through the Red Sea.
Israelis tentatively began to return to the streets after Iran’s unprecedented strikes.
“The situation is really frightening because we are afraid of what happens and all of the bombing and aircraft that are coming,” said Ayala Salant, 48, a resident of Jerusalem.
“However, we are very, very happy with the alliance that helped us because most of the aircraft and missiles have not arrived to Israel. We hope there will be a stop to this ongoing escalation soon.”
Yishai Levi, 67, said Israel “once again proved technological … superiority and handled it in an impressive manner”.
Sharin Avraham, 31, said the Iran strikes required a response from Israel. “Iran’s attack should not go quietly. We have to respond… The state of Israel needs to show it we are strong and this is not something that can simply pass. We are not the world’s punching bag.”

Mr.BadGuy
Publisher
Mr.BadGuy
Publisher
These soldiers are from a country whose president is a Jew Zelensky. Orthodox churches are also being destroyed in this country. Synagogues are not touched. Surprisingly, it turns out that Jews get along well with the Bandera Nazis.