From Investing.com: 2025-06-13 02:28:00

Oil prices surged over 7% after Israeli airstrikes on Iran, raising geopolitical tensions and necessitating a higher risk premium for potential supply disruptions. Iran, a significant oil producer, could see up to 1.7m b/d of exports at risk, potentially pushing prices to $80/bbl or higher. Disruptions in the Strait of Hormuz could further spike prices to $120/bbl, impacting global energy markets. Governments may need to tap strategic reserves to offset any supply shortfalls. OPEC’s spare production capacity could also help stabilize the market, but tensions in the Persian Gulf pose challenges.



Read more at Investing.com: Crude Oil Soars on Middle East Escalation