Oil expected to rise in wake of Iran’s attack on Israel [Video]

Oil prices are expected to rise when markets open on Monday following Iran’s attack on Israel over the weekend after they reached a six-month high on Friday, according to analysts who noted that Israel’s response 

Iran launched over 300 drones and missiles at Israel from Iran, which the Israeli Defense Forces repelled the bulk of with assistance from the U.S., France, Jordan and the United Kingdom. The IDF said that only a “few” missiles and drones entered Israel and caused “minor damages” at the Nevatim Airbase.

Iran’s attack comes weeks after Iran blamed Israel for an attack on the Iranian consulate in Syria, which killed a top commander of the Iranian Revolutionary Guard Corps’ overseas Quds Force. It’s the first time Iran has launched strikes on Israel despite more than four decades of hostilities between the two countries.

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Concerns about Iran’s retaliation against Israel pushed oil prices to their highest level since October last …