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Oil markets brace for shock after US attack on Iran

Upworthy Sunday, 22 June 2025 ()
Oil prices are expected to jump in reaction to the US strikes on Iran’s nuclear facilities, but the long-term impact may be muted, experts said. Oil prices have risen since Israel began attacking Iran, but supplies have remained steady. “The world has enough oil,” S&P analysts wrote. Still, if…
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News video: Iran CLOSES Global Oil Chokehold? Hormuz Closure Approved After Us-Israel Strikes | What Next?

Iran CLOSES Global Oil Chokehold? Hormuz Closure Approved After Us-Israel Strikes | What Next? 03:37

 Iran’s parliament has voted to close the Strait of Hormuz, a vital oil route carrying 20% of global crude. Though the final decision awaits the Supreme National Security Council, the move is seen as retaliation to U.S.-Israel attacks on Iranian nuclear sites. A closure would rattle global oil...

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