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Oil Prices Surge Over 8% as Iran Retaliates With Major Missile Strike on Israel

OilPrice.com Friday, 13 June 2025 ()
Brent crude surged more than 8% on Friday, peaking at a 13% intraday gain, after Iran launched a wave of missile strikes on Israel in retaliation for the Israeli Air Force’s targeted assault on Iranian nuclear and military infrastructure. The sudden escalation has jolted energy markets already grappling with rising geopolitical risk across the Middle East. The Iranian strike, described by Israeli officials as involving up to 150 ballistic missiles in two waves, targeted multiple sites across Israel according to the Jerusalem Post. While Israeli…
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Video Credit: Oneindia - Published
News video: VIDEO: CCTV Shows Iran’s Hypersonic Missile Strike On Israel's Haifa Port | Israeli Air Defense Fail

VIDEO: CCTV Shows Iran’s Hypersonic Missile Strike On Israel's Haifa Port | Israeli Air Defense Fail 03:34

A newly surfaced CCTV footage shows Iranian missiles breaching Israel’s air defense and striking the northern city of Haifa. Emergency alerts were issued as residents rushed to shelters during the IRGC’s late-night drone and missile assault, part of “True Promise III.” The attack, involving...

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