Global oil prices soar after Israel attacks Iran

JUNE 13 - Global oil prices jumped after Israel said it had struck Iran, in a dramatic escalation of tensions in the Middle East. Benchmark oil contracts, Kenya breaking news | Kenya news today |..

✨ Key Highlights

Global oil prices surged by over 10% following reports that Israel had attacked Iran, escalating tensions in the Middle East.

Benchmark oil contracts, Brent Crude and Nymex light sweet, experienced significant price increases.
Analysts, including Vandana Hari of Vandana Insights, warn of potential retaliation from Iran that could disrupt oil supplies.
The Strait of Hormuz is a critical shipping route, with about a fifth of the world's oil passing through it, heightening supply risk if conflict escalates.

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