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Oil Prices Surge as Israel and Iran Target Each Other’s Energy Infrastructure

OilPrice.com Sunday, 15 June 2025 ()
Brent crude futures opened more than 4% higher on Sunday evening, trading above $77 per barrel, as tensions between Iran and Israel erupted into open military conflict targeting critical energy infrastructure. The spike follows an 8% jump on Friday, marking one of the sharpest two-day increases in oil prices in recent years. Over the weekend, Israel launched a wave of coordinated airstrikes on Iran, hitting key energy facilities in and around Tehran. The Shahran fuel depot in northern Tehran, a vital distribution point supplying around 8 million…
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News video: Iran Threatens All-Out War: Big Retaliation Awaits After Israeli Attacks | NPT Exit, Missile Strikes

Iran Threatens All-Out War: Big Retaliation Awaits After Israeli Attacks | NPT Exit, Missile Strikes 03:34

Tensions in the Middle East are reaching a breaking point. Iran has issued a stark warning to the U.S. and Israel after being censured by the UN's atomic watchdog, the IAEA. Tehran now threatens to withdraw from the Nuclear Non-Proliferation Treaty (NPT) and target U.S. military assets if attacked....

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