Oil prices surge after Israeli forces strike Iranian nuclear facilities

Oil prices rose on Friday after the Israeli Defense Forces (IDF) launched a comprehensive blow to Iranian nuclear facilities and military leaders.

The intermediate prices in West Texas rose about 6 % on Friday to $ 72 a barrel, as strikes raised concerns in Wall Street, which may disrupt tensions between Israel and Iran, Iranian energy supplies. Brent global crude rose up to 10 %, reaching its highest level since January. As of the back ET, Brent prices were about $ 73.50 a barrel.

Lipow Oil Associats and Lipow said that the market is particularly concerned that Iran will be discussed by attacking Israeli or American goals, which leads to a major military escalation and disrupting potential oil supplies.

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“Iran might believe that the recent increases in OPEC oil supplies, which were much more than the expected market during the past three months, have been designed to compensate for the loss of Iranian oil exports with the increase in hostilities.” It was estimated that the loss of Iranian oil in the market can raise prices of up to $ 7.50 a barrel, but if oil exports are affected by a hormone strait, prices may reach $ 100.

The intermediate prices in the United States in West Texas rose about 6 % on Friday to $ 72 a barrel. (Reuters / Todd Corol / Reuters)

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Phil Flynn, the chief power analyst of the Price i Photos Group, told Fox Business that prices may not be out of control because there were no reports on oil infrastructure damage and “threats in the past by Iran to close the hormone strait.”

Rescuers are working at the location of a damaged building in the wake of Israeli strikes in Tehran, Iran, on June 13, 2025. (Reuters)

“It may be completely clear now that they do not have the army with the ability to do so. This is especially true after the killing of some of their senior leaders of the Iranian Revolutionary Guard,” said Flynn, who is a contributor to the Fox business network.

In such situations, the prices are usually “in the beginning” before they cool, according to a wine.

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“It will be interesting to see how this is running during the next two days regardless, although this means that oil prices will be more deviated with our progress forward.”