{"id":1244750,"date":"2025-06-13T10:32:12","date_gmt":"2025-06-13T07:32:12","guid":{"rendered":"https:\/\/prm.ua\/sharp-rise-in-oil-the-market-reacted-to-a-new-round-of-conflict-in-the-middle-east\/"},"modified":"2025-06-13T10:32:12","modified_gmt":"2025-06-13T07:32:12","slug":"sharp-rise-in-oil-the-market-reacted-to-a-new-round-of-conflict-in-the-middle-east","status":"publish","type":"post","link":"https:\/\/prm.ua\/en\/sharp-rise-in-oil-the-market-reacted-to-a-new-round-of-conflict-in-the-middle-east\/","title":{"rendered":"Sharp rise in oil: the market reacted to a new round of conflict in the Middle East"},"content":{"rendered":"

On Friday, June 13, oil prices rose by more than 9% after Israel struck Iran<\/strong> .<\/p>\n

This was reported<\/a> by Reuters.<\/p>\n

Brent crude futures rose by $6.29 to $75.65 per barrel, or 9.07%.<\/p>\n

West Texas Intermediate crude futures rose $6.43 to $74.47 per barrel, or 9.45%.<\/p>\n

It is noted that the rise in oil prices on Friday was the largest intraday swing for both contracts since 2022 – after Russia’s full-scale invasion of Ukraine, which caused a sharp increase in energy prices.<\/p>\n

ING analysts noted that the sharp increase in uncertainty requires the inclusion of a higher risk premium due to potential disruptions in oil supplies.<\/p>\n

Oil traders in Singapore believe it is too early to say whether the Israeli attack will affect Middle Eastern oil supplies, as it depends on Iran’s response and US intervention.<\/p>\n

“The market is concerned about the closure of the Strait of Hormuz,” one trader noted.<\/p>\n

MST Marquee Senior Analyst Sol Kavonik stressed that the conflict could escalate due to Iranian retaliation targeting oil infrastructure in the region.<\/p>\n

The increase in oil prices also caused a decrease in US crude oil inventories last week from 3.6 million barrels to 432.4 million.<\/p>\n

It was previously reported that on the night of Friday, June 13, the Israeli army launched a large-scale operation against Iran and massively attacked nuclear and military facilities<\/a> .<\/p>\n

Also follow \u201cPryamim\u201d<\/strong> on Facebook<\/a> , Twitter<\/a> , Telegram<\/a> , and Instagram<\/a> .<\/p>\n","protected":false},"excerpt":{"rendered":"

On Friday, June 13, oil prices rose by more than 9% after Israel struck Iran . This was reported by Reuters. Brent crude futures rose by $6.29 to $75.65 per barrel, or 9.07%. West Texas Intermediate crude futures rose $6.43 to $74.47 per barrel, or 9.45%. It is noted that the rise in oil prices […]<\/p>\n","protected":false},"author":63,"featured_media":1231536,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ep_exclude_from_search":false,"footnotes":""},"categories":[76871,76872,76892,76870],"class_list":["post-1244750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-2","category-news-feed","category-economy","category-world"],"_links":{"self":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1244750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/users\/63"}],"replies":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/comments?post=1244750"}],"version-history":[{"count":0,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/posts\/1244750\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media\/1231536"}],"wp:attachment":[{"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/media?parent=1244750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prm.ua\/en\/wp-json\/wp\/v2\/categories?post=1244750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}