Oil ETFs Gain Renewed Attention on Israel-Iran Conflict

From Yahoo Finance: 2025-06-13 18:00:00

Oil prices and oil ETFs surged after an Israeli airstrike on Iran, sparking fears of a wider conflict. WTI crude spiked 14%, hitting $72.50, while Brent crude rose 7% to $74 per barrel. ETFs like USO and BNO gained 7%. Markets are on edge about potential future attacks on oil infrastructure and shipping routes. Energy stocks also rose, with XLE up 1% for the day. Geopolitical tensions are likely to keep energy ETFs in focus for investors seeking to navigate volatile markets.



Read more at Yahoo Finance: Oil ETFs Gain Renewed Attention on Israel-Iran Conflict