Monday, May 6, 2013

Russia, China alarmed by Israel raids on Syria

Russia and China expressed alarm on Monday over the regional repercussions of two Israeli air raids on Syria, while Israel played down strikes which its officials said targeted Iranian missiles bound for Lebanese Hezbollah militants.

Oil prices spiked above $105 a barrel, their highest in nearly a month, on Monday morning as the air strikes on Friday and Sunday prompted fears of a wider spillover of Syria's two-year-old civil war that could affect Middle East oil exports.

Israel, whose prime minister visited China on Monday in a sign of business-as-usual, sought to persuade Syrian President Bashar al-Assad on Monday that the air strikes did not aim to weaken him and dismissed the prospects of an escalation.

http://www.reuters.com/article/2013/05/06/us-syria-crisis-israel-idUSBRE9450DQ20130506