Oil Prices Soar After Israel Targets Iran's Nuclear Program
Friday, 13 June 2025 () Geopolitical risk rushed back into oil markets in style as Israel launched extensive strikes on Iran and boosted fears of a major regional conflict. Friday, June 13th, 2025 The geopolitical risk premium is back, with Israel’s strikes on Iran bringing ICE Brent futures to $75 per barrel in a world where OPEC+ continues to unwind its production cuts and global demand is decelerating due to Donald Trump’s tariff wars. Whilst oil infrastructure was not damaged in Israel’s strikes, the anticipation of Iran’s retaliation…
In a dramatic escalation of the Iran-Israel conflict, Israel is now demanding that the United States join its military campaign by launching direct strikes on Iran’s nuclear and military..
In a shocking escalation, Iran claims to have shot down a U.S.-made F-35 fighter jet with its advanced missile defense system—marking a humiliating blow for both Israel and American airpower in the..
Iran unleashes its next-generation Fattah-1 hypersonic missiles, allegedly targeting and completely destroying Israel’s Haifa oil refinery. This strike marks a disturbing new phase in regional..