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Investors brace for oil price spike, rush to havens after US bombs Iran nuclear sites
- On June 13, Israel launched airstrikes against Iran’s nuclear sites, accusing Tehran of nearing nuclear weapons capability.
- The strikes followed days of aerial combat and were authorized by President Trump, marking a major U.S. escalation in the Middle East conflict.
- The U.S. carried out strikes on Iran’s main nuclear sites—Natanz, Isfahan, and Fordow—utilizing bunker-buster bombs and Tomahawk missiles, leading Iran to respond by launching missile attacks targeting Israel.
- President Trump praised the attacks as a remarkable military achievement, asserting that Iran’s nuclear enrichment facilities had been entirely destroyed, while Iran’s Foreign Minister Seyed Abbas Araghchi strongly criticized the operation and stated that all measures to protect Iran's sovereignty remained under consideration.
- The strikes triggered fears of soaring oil prices with Brent crude up 20% to $79.04 and warnings that prices could exceed $130 per barrel amid threats to the Strait of Hormuz and global market volatility.
108 Articles
108 Articles
Wharton's Siegel on Iran strike: Potential positives and negatives for markets have both gone up
Jeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business and Wisdom Tree chief economist, joins 'Squawk Box' to discuss the latest market trends following Washington’s surprise attack against Iranian nuclear sites, impact of tariffs, and more.
South Africa's motorists in for a RUDE shock at the pumps next week
The latest official data confirms that bad news almost certainly lies ahead for South Africa’s motorists in early July 2025. Vehicle owners in South Africa saw a sizeable decrease in the cost of both petrol and diesel earlier this month. However, that picture radically changed after Israel attacked Iran late last week, which resulted in the brent crude oil price rising and the rand weakening. While the picture is particularly grim when it comes …
Worries over impact on oil prices after US bombing of Iran
A US attack on Iranian nuclear sites could push oil prices even higher and trigger a knee-jerk rush to safety, investors said, as they assessed how the latest escalation of tensions would ripple through the global economy.
US strikes on Iran threaten oil price spike, global market jitters
NEW YORK: A US attack on Iranian nuclear sites could push oil prices even higher and trigger a knee-jerk rush to safety, investors said, as they assessed how the latest escalation of tensions would ripple through the global economy. The reaction in Middle East stock markets, which trade on Sunday, suggested investors were assuming a benign outcome, even as Iran intensified its missile attacks on Israel in response to the sudden, deep US involvem…
Investors brace for spike in oil prices after US bombs Iran sites
NEW YORK — A US attack on Iranian nuclear sites could push oil prices even higher and trigger a knee-jerk rush to safety, investors said. They assessed how the latest escalation of tensions would ripple through the global economy. The reaction in Middle East stock markets, which trade on Sunday, suggested investors were assuming a benign outcome. This. even as Iran intensified its missile attacks on Israel in response to the sudden, deep US invo…
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