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Oil prices surge 10% after Israel launches unilateral airstrikes against Iran
- On the early hours of June 13, 2025, Israel launched airstrikes targeting Iran's nuclear and military sites including Tehran, Natanz, Arak, and Isfahan.
- The strikes followed longstanding tensions worsened by Western sanctions limiting Iran's oil exports and fears about disruptions in the Strait of Hormuz.
- Iran retaliated by launching approximately 100 drones at Israel, while Israel declared a special state of emergency and closed its airspace along with neighboring Iraq, Jordan, and Iran.
- In the wake of the attacks, Brent crude prices jumped over 10%, reaching $75.15 per barrel, while oil futures climbed as much as 13%. Meanwhile, gold prices increased, and major global equity markets—including the S&P 500 and Germany’s DAX—experienced notable declines.
- Analysts warned the conflict could escalate into a wider regional war risking disruptions to oil supply routes, pushing global oil prices higher and increasing economic uncertainty worldwide.
443 Articles
443 Articles
How the US fits into an Israel-Iran war
Israel’s strike on Iranian nuclear and military facilities has pushed the Middle East one step closer to a far wider, more dangerous regional war. It also has implications for recent US diplomatic efforts toward a deal with Tehran over its nuclear program. Iran’s immediate response – the firing of about 100 drones into Israel, many […] The post How the US fits into an Israel-Iran war appeared first on Asia Times.
Oil prices leap 7% and Dow drops 800 points on worries about what will happen to the crude market
Oil prices are leaping, and stocks are falling on worries that escalating violence following Israel’s attack on Iranian nuclear and military targets could damage the flow of crude around the world, along with the global economy. The S&P 500 fell…
Equities Stumble as Middle East Tensions Unsettle Markets - Real News Now
Equities took a beating while oil prices leaped on Friday, due to Israel initiating actions against Iran’s nuclear program and its essential staff, stirring up fears of a regional conflict escalating. At one point in the afternoon, the Dow Jones Industrial Average plummeted by 1.5%, translating into a loss of more than 600 points. Concurrently, the S&P 500 and the tech-dominated Nasdaq Composite were relatively less affected, recording a 0.7% de…
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