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Oil Prices Surge as Iran-Israel Conflict Enters Day 6 – Global Supply Fears Mount

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Oil tankers on fire near Strait of Hormuz due to Iran-Israel conflict

Taaza Wire | June 18, 2025 Iran-Israel Conflict Oil Prices surge for the second consecutive session. The ongoing conflict in the Middle East, now in its sixth day, is shaking energy markets amid fears of supply disruptions through the vital Strait of Hormuz. Global oil prices rallied on Tuesday and extended gains into early Wednesday … Read more

Oil Prices Surge Nearly 9% After Israel Strikes Iran: Geopolitical Tensions Shake Energy Markets

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Oil prices surge after Israel strikes Iran: Oil prices surged close to 9% on Friday, reaching multi-month highs, as escalating Israel-Iran tensions rattled global markets and raised fresh fears of supply disruptions from the oil-rich Middle East. The dramatic spike came after Israel launched coordinated strikes on Iranian nuclear and military targets, triggering immediate retaliation … Read more

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