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Oil prices soar more than 4 percent after Iranian general killed

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Oil prices soared more than four percent Friday following claims that the US had killed a top Iranian general, ratcheting up tensions between the foes and fueling fears of a conflict in the crude-rich region.

The head of Iran’s Quds Force, Qassim Soleimani, was hit in an attack on Baghdad international airport early Friday, according to Hased, a powerful Iraqi paramilitary force linked to Tehran.

Brent surged 4.4 percent to $69.16 and WTI jumped 4.3 percent to 63.84.