Israel launched airstrikes on Iran, leading to oil price surge; market speculation, not actual constraints.

From Yahoo Finance: 2025-06-20 11:10:00

Israel launched airstrikes on Iran, prompting Tehran to retaliate with ballistic missiles. Brent crude oil prices surged 10% to over $77 a barrel due to supply risks. The Strait of Hormuz, critical for global trade, remains open. Iran’s oil exports are unlikely to be significantly impacted, with alternative export routes available. Egypt and Jordan face gas supply disruptions, but OPEC can stabilize the market if needed. Panic in the oil market seems speculative rather than reflective of actual supply constraints.



Read more at Yahoo Finance: Addressing oil market turmoil from Iran-Israel