US Edition
Israel and Iran: Is This Time Different for Oil Prices?
- Israel and Iran have escalated their conflict in June 2025 with missile strikes and attacks on nuclear sites, causing market volatility and international concern.
- This escalation follows ongoing tensions in West Asia centered on the Strait of Hormuz, a critical route for about one-fifth of global oil shipments.
- Following the outbreak, Urals crude oil prices jumped nearly 15% from recent lows, while Brent crude futures traded around $73.65 to $75 per barrel amid geopolitical risks.
- Analysts caution that if Iran shuts the Strait of Hormuz, oil prices could surge beyond $130 per barrel, but limited exchanges of strikes between the involved countries would likely result in an increase of no more than $5 per barrel relative to prices before the conflict began.
- The conflict's duration will determine its impact on Iran's oil production and market stability, while global leaders urge calm and closely monitor economic data and policy responses.
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11 Articles
11 Articles
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Russian Oil Prices Up Nearly 15% After Outbreak of Israel-Iran Fighting
Russia’s flagship Urals crude oil, a key contributor to the national budget and the country’s war chest, jumped nearly 15% following the outbreak of hostilities between Israel and Iran, according to analysts at BCS Bank.
·Amsterdam, Netherlands
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The Israel-Iran war is influencing the markets and, as a result, oil and fuel prices are rising.
Coverage Details
Total News Sources11
Leaning Left2Leaning Right1Center2Last UpdatedBias Distribution40% Left, 40% Center
Bias Distribution
- 40% of the sources lean Left, 40% of the sources are Center
40% Center
L 40%
C 40%
R 20%
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