Oil and gold prices jumped after United States (US) announced has been killed the head of the Iranian Revolutionary Guard Corps-Quds Force, General Qassem Soleimani - Photo by AFP

JAKARTA (TheinsiderStories) – Oil and gold prices jumped after United States (US) announced has been killed the head of the Iranian Revolutionary Guard Corps-Quds Force, General Qassem Soleimani. The leader was killed alongside six others following an American air raid at Baghdad’ international airport.

“At the direction of the President, the US military has taken decisive defensive action to protect US personnel abroad by killing Qasem Soleimani, the head of the Iranian Revolutionary Guard Corps-Quds Force, a US-designated Foreign Terrorist Organization,” said the White House today (01/03).

The defense office stated, Soleimani was actively developing plans to attack American diplomats and service members in Iraq and throughout the region. The leader and his Quds Force were responsible for the deaths of hundreds of American and coalition service members and the wounding of thousands more.

He had orchestrated attacks on coalition bases in Iraq over the last several months – including the attack on December 27th – culminating in the death and wounding of additional American and Iraqi personnel. Soleimani also approved the attacks on the US Embassy in Baghdad that took place this week.

The ministry adds, this strike was aimed at deterring future Iranian attack plans. “The United States will continue to take all necessary action to protect our people and our interests wherever they are around the world,” claimed the defense ministry.

Immediately, leader of Iran’ Islamic Revolution Ayatollah Seyyed Ali Khamenei reacted by saying a vigorous revenge awaits those who assassinated Soleimani.

Followed the tension between the two countries, West Texas Intermediate (WTI) and Brent oil is gaining altitude. The WTI is currently trading at US$63.49 a barrel, representing a 3.91 percent gain on Friday. That was the highest level since May 1.

While, Brent crude futures jumped close to $3 to their highest since September at $69.16 a barrel, raising concerns that escalating Middle East tensions may disrupt oil supplies. And the front-month Brent March contract was at $68.25 a barrel, up 3 percent this morning.

While, gold prices in the sport market were recorded at $1,538.73 per troy ounce, a 0.63 percent higher than yesterday’ close. And, the gold futures edged up 0.3 percent to $1,528.10 per troy ounce.

by Linda Silaen, Email: linda.silaen@theinsiderstories.com