Oil Prices Surge After Israeli Strikes On Iran
- 13.06.2025, 10:21
- 2,000

Brent futures rose to 75 dollars per barrel.
On Friday, June 13, oil prices jumped 14% due to Israeli strikes on Iran. This led to a sharp escalation in the Middle East and raised fears of oil supply disruptions.
The Reuters wrote that Brent crude futures rose $5.43 to $74.79 a barrel, while WTI crude futures rose $5.55 to $73.59 a barrel.
It's worth noting that the jump was the biggest since 2022, when Russia launched a full-scale invasion of Ukraine.
Gold rose to $3,444.06 an ounce, nearing a record April high of $3,500.05.
At the same time, S&P E-mini index futures in the United States fell 1.6 percent and Nasdaq futures fell 1.7 percent. Futures on the pan-European STOXX 50 index fell 1.7 percent.
Israel said it had struck Iran's nuclear facilities, ballistic missile factories and military commanders at the start of a long-running operation that aims to prevent Tehran from building atomic weapons.
"This has significantly increased geopolitical uncertainty and requires the oil market to factor in a higher risk premium for any potential supply disruptions," ING analysts said.
MST Marquee senior energy analyst Saul Kavonick said the conflict would have to escalate to the point where Iran retaliates against oil infrastructure in the region before it would significantly affect oil supplies. In an extreme case, he said, Iran could hinder supplies of up to 20 million barrels of oil by attacking infrastructure or restricting passage through the Strait of Hormuz.
"Iran has declared an emergency and is preparing to retaliate, increasing the risk of not only disruption but also spreading the conflict to other neighboring oil-producing countries. While Trump has shown a reluctance to get involved, U.S. involvement could further heighten concerns," said Priyanka Sachdeva, senior market analyst at Phillip Nova.