Oil markets have not visibly responded to the threat hanging over the Middle East, withBrent crudeand West Texas Intermediate retreating on Thursday
German airline Lufthansa canceled flights to Tehran, and Russia advised its citizens not to travel to the Middle East on Thursday as Israel prepares for what it sees as an imminent attack in retaliation for the leveling of its embassy in Syria on April 1, Russian and Western news agencies reported. On the first day of the month, an airstrike on the Iran ian embassy compound in the Syrian capital of Damascus leveled a building and killed a top Iran ian general and six other diplomats.
The general consensus in the region is that an attack is imminent, with Iran’s Supreme Leader, Ayatollah Ali Khamenei, on Wednesday tweeting that Israel “must be punished” for the leveling of the embassy in Damascus. That threat prompted a warning tweet from Israeli Foreign Minister Israel Katz against any attacks on Israeli territory, which would be met with direct attacks inside Iran.
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