Oil prices surge after Israel launches airstrikes against Iran

Raw futures jumped more than $ 5 per barrel on Friday morning after Israel fired air strikes against Iran without the support of the United States, which led to concerns about the exhibition expectations from the oil -rich Middle East.

The global standard Brent Futures increased with August delivery by 7.7 % to $ 74.65 a barrel at 12:25 pm London time, an increase of more than $ 5.2 per session. the The West Texas is Medium The contract with the expiration of July was 8 % to $ 73.52 a barrel.

Israeli Prime Minister Benjamin Netanyahu said in a speech: Netanyahu said that Israel struck the main enrichment site in Iran in Natanz, and its prominent nuclear scientists, and hit the heart of the ballistic missile program.

“This process will continue for several days that it takes to remove this threat,” said Netanyahu.

The International Atomic Energy Agency said that no increase in radiation levels on Natanz website after the attack from Friday morning, while the nuclear site was not affected by the two conversion.

US Secretary of State Marco Rubio explained that Israel has taken “one -sided action against Iran” without supporting the United States. Rubio warned Iran against targeting American interests.

“We are not involved in strikes against Iran and our maximum priority is the protection of American forces in the region,” Rubio said in a statement. “Israel advised us that they believe this measure is necessary for self -defense.”

Israeli Defense Minister Israel Katz has announced a special emergency in Israel in anticipation of Iran launched a missile attack and drone.

The Iranian government media also reported that Hussein Salami, Commander-IN-CThe Iranian Revolutionary Guard Corps [IRGC]He was killed in strikes.

“The International Intelligence Agency is actively monitoring the impact on the oil markets from the situation of Israel. The markets are well provided today, but we are ready to act if necessary.” He said.

Andy Levy, head of Lipow Oil, said that oil investors are now concerned that Iran will be discussed by attacking Israeli or American targets, which leads to a major military escalation and possible disruption in oil supplies.

“Iran knows very well that President Donald Trump focuses on lower energy prices,” Lipo told CNBC.

Saul Cavon, head of Energy Research at Mst Marquee, said that the oil markets greatly ignore the geopolitical risks last year, so these recent developments are a “call to wake up” that these risks are more “tangible and imminent.”

“But the attacks will witness a form of revenge, which can easily – even if they were unintended – are out of control,” said Cavon, who warned that the air strikes on Thursday may encourage militant elements in Iran.

“The worst results of the case are far from reports on the latest hostilities,” Barclays analysts said in a memo on Friday, explaining that “the worst results of the case are far from reports on the latest hostilities,” Parklise analysts said in a memo on Friday, explaining that “The worst results of the case are far from reports on the latest hostilities.^“

Tehran and RIYADH had a floors relationship with tensions, but they agreed to revive relations in a moderate Chinese deal in March 2023.

The growing Middle East tensions raised fears that Iran can benefit from the Strait of Hormuz, a major selection of Persian Gulf and the Gulf of Oman, during Any fifth of the world’s oil supplies passes.

While the Israeli operation is more important than long seen, there was no direct targeting of the production of Iranian oil or export facilities, which means that Tehran can continue to export oil, as Elien father, co -founder of Washington Evi advisers.

A father said: “As for Iran, there is no net benefit to try to hinder the passage of oil through the Strait of Hormuz,” explaining that Iran will split if it tries to do so.

Iran’s ability to completely prevent the Strait of Hermeos. While ships pass through Iranian waters, they can still be converted into the waters of the United Arab Emirates and a country. “Although there is a period of turmoil, it is unlikely to continue all this time.”

In addition, a father warned that the high oil prices were to close the hormone strait may lead to economic pressure from The largest oil agent in Iran: China.

She added: “China does not want to disrupt the flow of oil from the Persian Gulf in any way, and China does not want the price of oil to rise. So it will bring the full weight of their economic strength on Iran.”

“I don’t think we are looking at anything as if Russia has invaded Ukraine. It is not a major threat to oil supplies,” she said.