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Oil Gushes Higher over Prospects for War with Iran

Summary by goldseek.com
Oil Gushes Higher over Prospects for War with Iran The US appeared to move to a war footing with Iran today, causing oil to surge with inflationary pressure. David Haggith Fri, 06/13/2025

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By choosing to strike the Islamic Republic in the early hours of the day on Friday, 13 June, the Hebrew state takes the risk of destabilizing the entire region. Beyond the loss of life and geopolitical consequences, this conflict could also destabilize the entire global economy.

·Paris, France
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President Gitanas Nausėda said on Saturday that the escalating conflict between Israel and Iran could help Russia's war machine due to rising oil prices. "When you know that Russia's entire war machine, the killing machine, is built on those damn petrodollars, you survive on every dollar that the price of oil goes up. Unfortunately, this is beneficial for Russia," the head of state told reporters in the Seimas on Saturday.

·Vilnius, Lithuania
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Radio France Internationale broke the news in Paris, France on Friday, June 13, 2025.
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