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Oil Prices Soar After Israel Targets Iran's Nuclear Program ...Middle East
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…
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