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Energy Markets Rattled As Israel-Iran Conflict Escalates
- On June 13, 2025, Israel launched airstrikes against Iran, targeting military and nuclear sites and reportedly killing senior officials including Hossein Salami.
- The airstrikes follow rising tensions in the region after past conflicts and threats by Iran to close the Strait of Hormuz, a critical global oil route.
- The strikes caused oil prices to surge over 7%, with Brent crude briefly topping $78.50, while global markets like the S&P 500 and Dow dropped significantly.
- Matt Gertken warned that closing the Strait of Hormuz would trigger the biggest oil shock ever, as about 20% of global oil flows pass through this narrow passage daily.
- The escalation intensified concerns over supply disruption and inflation, prompting calls from Israeli business leaders for flexible economic plans and joint governmental solutions.
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43 Articles
43 Articles
Israel is not only attacking Iran's nuclear program. Tehran's energy facilities are the next strategic goal. Everything now depends on whether the bombers attack the West's oil artery.
The oil market has been boiling since Israel's attack on Iran in the night of Thursday to Friday. In its response, Tehran could try to close the Strait of Ormuz, warned Emmanuel Macron. 20% of the world's oil flows pass there. - Israel-Iran conflict: the closure of the Strait of Ormuz, the hypothesis that could raise the price of oil (International).
Coverage Details
Total News Sources43
Leaning Left2Leaning Right6Center5Last UpdatedBias Distribution46% Right
Bias Distribution
- 46% of the sources lean Right
46% Right
15%
C 39%
R 46%
Factuality
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