A tweet from the Israel Defense Forces on Thursday caused oil markets to jump by $1 after oil traders thought an attack was carried out on Syria.
Oil traders mistakenly took the IDF spokesman unit’s tweet about an Israeli attack on Syria that happened on this date 40 years ago during the Yom Kippur War for a new announcement.
This week marks the anniversary of the beginning of the Yom Kippur War, when Egypt and Syria, in a surprise attack, tried to regain land lost in previous wars with Israel.
Each day since Oct. 6, which is the day the war started in 1973, the unit has been tweeting major events during the war and somewhere down the line the message was interpreted as happening Thursday. The tweet referenced an attack by the Israeli Air Force on Syrian airports that were being used to fly in arms from the Syrians' Soviet allies.
The tweet read:
â€” IDF (@IDFSpokesperson) October 10, 2013
An IDF spokesman tweeted back saying
â€” Peter Lerner (@LTCPeterLerner) October 10, 2013
"Obviously this was part of our Yom Kippur Twitter series. The facts are there and simple to read. It was apparent within the tweet itself," Peter Lerner, an IDF spokesman, said, according to Reuters.
The tweet went out just before 10:30 a.m. EDT, and in just three hours the price of a barrel of oil jumped up to its highest in a month.
David is a New York native and holds a MS from Northwestern University's Medill School of Journalism. He received his BA in government diplomacy, majoring in...