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Iran’s High leader Ayatala Ali Homena performs during a meeting in Tehran, Iran, May 20, 2025. Office of the High leader of Iran.
Iran’s Office of the Supreme Le | Through Reuters
Oil futures jumped 10% on Thursday night after Israel launched air strikes against Iran without US support.
US West Texas intermediate rose by 10.21%, up to $ 74.99 a barrel, while global benchmark Brent It increased by 10.28%, up to $ 76.48 a barrel.
Israel launched a “purposeful military operation” against Iran’s nuclear and ballistic missile program, Israeli Prime Minister Benjamin Netanyahu said in the address. Israel got into the main platform of Iran’s enrichment in Natants, its leading nuclear scientists, and impressed the heart of its ballistic missile program, Netanyahu said.
“This operation will last as many days as required to remove this threat,” Netanyahu said.
US Secretary of State Mark Rubio made it clear that Israel took “unilateral action against Iran” without US support. Rubio warned Iran from orientation to US interests.
“We do not participate in the strike against Iran, and our top priority is to defend US forces in the region,” Rubio said in a statement. “Israel advised us that they believe that this action is necessary for his self -defense.”
Israel’s Defense Minister Israel Katz has announced a special state of emergency in Israel in anticipation of the launch of the missile and the drone in revenge.
Iranian state media also report that Hossein Salami, Commander -in -Chief of the Revolutionary Corps Iran (IRGC).
Oil markets are now concerned that Iran will avenge the striker on the Odrahael, or American goals that will lead to large military escalation and potential oil supplies, said Andy Lipau, President of Lipow Oil Associates.
“Iran is well aware that President Donald Trump is focused on reducing energy prices,” Lipow CNBC said, adding that Iran’s actions affecting oil supplies in the Middle East and thus raise gasoline and diesel prices for Americans who are politically harming the US president.
Oil markets are largely abandoning geopolitical risks over the last year, so these recent developments are “calling for awakening” that these risks are more “material and inevitable” than many are expected, said Saul Kavonich, Head of Energy Research Department in MST Marquee.
“But the attacks will see a form of revenge that can easily – even if unintended – the spiral goes out of control,” said Kovonich, who warned that the airstrikes on Thursday could also strengthen the hard elements in Iran, which see that further escalation becomes more likely.
