Rising oil prices due to fears of Israeli strike on Iran, injecting volatility into energy markets.

From Investing.com: 2025-05-21 06:28:00

Fears of Israeli military strikes on Iranian nuclear facilities have caused oil prices to rise, with Brent crude surpassing $66 a barrel. The possibility of Israeli action has injected fresh volatility into energy markets, overshadowing bearish oil fundamentals. A broader regional conflict could disrupt global oil supply routes, impacting energy markets worldwide.

West Texas Intermediate (WTI) crude oil futures for July 2025 delivery surged to $62.94 per barrel, up 1.47% from the previous settlement price. Trading volume was moderate, showing significant volatility following reports of potential Israeli strikes on Iran. WTI prices have struggled in 2025 due to bearish factors like increased OPEC+ production and concerns about Chinese economic growth. Brent crude is trading at $66.26 per barrel, maintaining a premium over WTI.



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