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Oil prices surge 10% after Israel launches unilateral airstrikes against Iran
- On June 14, 2025, Israel launched airstrikes against Iran's nuclear and missile facilities, especially targeting Natanz, escalating tensions in the Middle East.
- The strikes followed rising geopolitical friction over Iran's nuclear program and ballistic missile activities, with Iran threatening to close the Strait of Hormuz.
- The attacks caused oil prices to surge over 7%, stocks to fall globally, equity markets to weaken, airline routes to change, and safe-haven assets like gold to rise sharply.
- Prime Minister Netanyahu said the operation will continue until threats are removed, while market analysts noted a spike of over eight percent in oil contracts amid scarce details.
- The escalation risks dragging the U.S. into conflict, threatens global oil supply through the Strait of Hormuz, and likely will sustain market volatility and risk aversion in the near term.
83 Articles
83 Articles
Tensions Are Surging Amid Israel-Iran Attacks. So Are Oil Prices
Global oil prices spiked following Israel’s surprise air strikes on Iranian nuclear and military facilities. As of late June 13, futures for the benchmark Brent blend were up more than 7 percent over the previous day, and up 12.5 percent compared to a week earlier. U.S. West Texas Intermediate crude, meanwhile, finished up 7.62 percent—13 percent higher than a week ago. Both blends had their largest intraday moves since 2022 when Russia launched…
Israel's Attack on Iran Bullish for Oil Prices but Unlikely to Last Unless Exports Affected: Report
Get latest articles and stories on Business at LatestLY. Israel's surprise airstrikes on Iranian nuclear sites have rattled global energy markets, sending oil prices soaring and raising concerns about wider regional instability. Business News | Israel's Attack on Iran Bullish for Oil Prices but Unlikely to Last Unless Exports Affected: Report.
Israel's attack on Iran has spooked the financial markets, fearing a regional conflict with negative effects on oil supply, and the world is already struggling with Trump's tariffs.
This Friday, June 13, the main stock indexes in the United States closed the day with falls as a result of the aversion to global risk due to the conflicts in the Middle East and the expectation of their evolution this weekend.The Nasdaq closed downwards with 1.30 percent, at 19 thousand 406,83 points, while the S&P 500 dropped 1.13 percent, at a level of 5,976.97 integers, while the Dow Jones ended with a fall of 1.79 percent in the 42 thousand…
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