Oil prices soar over 6% after reports of Israeli attacks on Iran
Baghdad (IraqiNews.com) – Oil prices surged by more than $5 a barrel in early trading on Friday (June 13, 2025) following reports of Israeli attacks on Iran, sparking significant fears that escalating tensions in the Middle East could disrupt global oil supplies.
By 00:29 GMT, Brent crude futures, the international benchmark, had jumped by $4.35, or 6.19%, to $74.60 per barrel. U.S. West Texas Intermediate (WTI) crude saw an even sharper rise, soaring by $5.33, or 7.83%, to $73.37 per barrel.
Analysts are closely watching for the scale of the attacks and any potential retaliation, which would determine the next moves in a highly volatile energy market.
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