Oil prices rise as Israel-Iran conflict heightens fears of supply disruptions

  • by:
  • Source: NY Post
  • 06/20/2025
Oil prices jumped in early Asian trade on Monday after Israel and Iran launched fresh attacks on Sunday, heightening fears that escalating battle could trigger a broader regional conflict and widely disrupt oil exports from the Middle East.

Brent crude futures rose $2.37, or 3.2%, to $76.60 a barrel, while US West Texas Intermediate crude climbed $2.39, or 3.3%, to $75.37. They surged more than $4 earlier in the session.

Both benchmarks settled 7% higher on Friday, having surged more than 13% during the session to their highest levels since January.

The latest exchange of strikes between Israel and Iran resulted in civilian casualties and intensified fears of a broader regional conflict, with both militaries urging civilians on the opposing side to take precautions against further strikes.

Read Full Article Here
 

Follow us

Read our latest news on any of these social networks!

Get latest news delivered daily!

We will send you breaking news right to your inbox


Have a tip? Let us know!

Recent Articles

  • by:
  • Source: AP News
  • 07/31/2025
...
Trump calls GOP’s Hawley ‘second tier’ senator after bill to ban stock trades in government advances

President Donald Trump lashed out at Sen. Josh Hawley on Wednesday after the Republican’s proposal to ban stock trading by members of Congress — and the president and vice president — won bipartisan approval to advance in a committee vote.

...
Russia hits Ukrainian capital Kyiv in missile and drone attack, killing 6 people and wounding 52

Ukrainian authorities say a Russian drone and missile attack on Ukraine’s capital killed at least six people including a 6-year-old boy

  • by:
  • Source: CNN
  • 07/31/2025
...
Mamdani confronts his past calls to defund police after an officer’s death in New York

Zohran Mamdani spent the last hours of his wedding celebration in Uganda huddled remotely with his team after learning of New York’s deadliest mass shooting of the last 25 years.

...
Trump reacts to Starmer plan to recognize Palestine: ‘Could make the case that you’re rewarding Hamas’

President Trump warned Tuesday that British Prime Minister Keir Starmer’s plan to recognize a Palestinian state in September if the Israeli government fails to meet certain conditions could reward Hamas and stressed that the US would not follow suit.