13/6/2025–|Last update: 09:12 (Mecca time)
Oil prices jumped more than 12 % in the wake of an attack by Israeli warplanes – at dawn today, Friday – and targeted sites in the Iranian capital.
The markets are afraid of an escalation in the region and great turmoil in oil supplies after the Israeli strike on military and nuclear sites in Iran.
Brent crude futures rose above $ 77 before her gains shrink a little.
Brent crude jumped to about 75 dollars a barrel, an increase of 8.2%, while American crude rose 8.5% to $ 73.8 a barrel at 5:18 world time.
“The Israeli attack on Iran has increased the risk allowance.”
He expected that the escalation of the conflict would lead to the tangible affected oil supply, indicating that Tehran could hinder up to 20 million barrels per day of oil supplies through infrastructure attacks or restricting traffic through the Strait of Hormuz in extreme scenarios.
No harm to Iranian oil refineries
Meanwhile, the Iranian Oil Ministry announced that the Israeli attack did not harm the main refineries and warehouses.
The ministry said in a statement, “There was no harm to refining facilities and oil tanks in the country, and the activities of these facilities and fuel supplies are currently continuing all over the country without interruption,” the ministry said in a statement.
The effects of the Israeli strike exceeded the oil markets to include the air traffic, at a time when Jordan, Iraq and Israel announced the closure of the airspace temporarily due to the escalation of tension in the region.
Etihad Airways announced the cancellation of two flights between Abu Dhabi and Tel Aviv and postponing the departure of 4 other flights, while the UAE flydubai suspended its flights to Oman, Beirut, Damascus, Iran and Israel.
The light train was stopped in Jerusalem and Tel Aviv until further notice, according to the Israeli Channel 12.
Delhi Airport also announced that the dates of some flights were affected and around the air fields of Iran and Iraq.
For its part, the Asian markets were affected by the repercussions of the Israeli strike, as the Japanese Nikai Nikai index fell 1.5% and the broader Topix index decreased by 1.28%.
In South Korea, the standard index of shares decreased by more than 1% in early transactions, after 7 sessions of gains, and the color fell amid a reluctance to risk.