Oil prices continue to rise after a top Iranian commander was killed in a US strike ordered by President Trump. CNN's John Defterios discusses where the oil market could go from here.
The stock has dropped roughly 2% since the killing of Quds Force commander Qasem Soleimani, reflecting concerns that Iran could respond to the attack by targeting the oil infrastructure of Saudi Arabia, a key American ally in the region. Shares have dipped despite a surge in crude oil prices of as much as 6% since Thursday to near $70, which should help boost earnings at the world's most valuable company.
Saudi Aramco previously suffered one of the worst cyber attacks in history, when 35,000 computers were partially wiped or totally destroyed by hackers in 2012.Another risk is an attack on the company's infrastructure. The United States blamed Iran for a missile strike on Saudi Arabia in September that briefly took out roughly half of the kingdom's oil production. Iran denied carrying out the attack.
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