# Oil settles up 7% as Israel, Iran trade air strikes | Reuters

> Brent crude settled at $74.23 a barrel, up 7.02%, on June 13 after Israel and Iran traded air strikes. Brent briefly rose over 13% to an intraday high of $78.50, its strongest level since January. Investors feared the fighting could disrupt Middle East oil exports.

- Date: 2025-06-13 · published 2025-06-13T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/10991-oil-settles-up-7-as-israel-iran-trade-air-strikes-reuters
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Fears of lost Middle East crude supply lift crude prices, which raises diesel and fuel costs for feed mills and transport. Higher crude also supports biofuel feedstock values, which can spill over into vegetable oil and corn prices.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2025-06-17 | 5 | +15.0% | 3.3 | Brent settled up 7% on June 13 (intraday +13%) after Israel-Iran air strikes, the main driver of the 5-day gain via Middle East supply-risk premium. |
| BRENT | 2025-06-13 | 1 | +7.3% | 3.3 | Brent settled up about 7% on June 13 as Israel and Iran traded strikes, which directly explains the move through Middle East supply-risk sentiment. |
| BRENT | 2025-06-13 | 5 | +11.2% | 3.1 | Brent settled up 7% at $74.23 after Israel and Iran traded strikes, with an intraday spike above 13%, which accounts for most of the weekly gain. |
| WTI | 2025-06-13 | 5 | +13.1% | 3.3 | Brent settled up 7% as Israel and Iran traded strikes, reflecting fears of Middle East export disruption that lifted WTI in step. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2026-03-12 | [Oil settles up 9% as Iran vows to keep Strait of Hormuz closed \| Reuters](https://feedsoft.ai/events/6638-oil-settles-up-9-as-iran-vows-to-keep-strait-of-hormuz-closed-reuters.md) | +23.1% | +16.8% |
| BRENT | 2025-06-13 | [FACTBOX: Oil surges as Israel strikes Iran nuclear sites, traders eye supply risks](https://feedsoft.ai/events/10993-factbox-oil-surges-as-israel-strikes-iran-nuclear-sites-traders-eye-supply-risks.md) | +12.0% | -0.8% |
| BRENT | 2026-03-05 | [Oil settles up around 5% on supply concerns as Iran conflict widens \| Reuters](https://feedsoft.ai/events/5232-oil-settles-up-around-5-on-supply-concerns-as-iran-conflict-widens-reuters.md) | +12.3% | +35.0% |
| BRENT | 2026-08-30 | [Oil settles up by more than 2.5% as US and Iran resume military attacks \| Reuters](https://feedsoft.ai/events/18065-oil-settles-up-by-more-than-2-5-as-us-and-iran-resume-military-attacks-reuters.md) | +10.8% | +22.9% |
| BRENT | 2024-11-28 | [Oil up as Israel, Hezbollah trade accusations of ceasefire violation \| Reuters](https://feedsoft.ai/events/27565-oil-up-as-israel-hezbollah-trade-accusations-of-ceasefire-violation-reuters.md) | +0.2% | +0.0% |
| WTI | 2026-03-12 | [Oil settles up 9% as Iran vows to keep Strait of Hormuz closed \| Reuters](https://feedsoft.ai/events/6638-oil-settles-up-9-as-iran-vows-to-keep-strait-of-hormuz-closed-reuters.md) | +10.6% | +13.9% |
| WTI | 2025-06-13 | [FACTBOX: Oil surges as Israel strikes Iran nuclear sites, traders eye supply risks](https://feedsoft.ai/events/10993-factbox-oil-surges-as-israel-strikes-iran-nuclear-sites-traders-eye-supply-risks.md) | +10.2% | +1.1% |
| WTI | 2026-03-05 | [Oil settles up around 5% on supply concerns as Iran conflict widens \| Reuters](https://feedsoft.ai/events/5232-oil-settles-up-around-5-on-supply-concerns-as-iran-conflict-widens-reuters.md) | +16.5% | +35.8% |

## Sources

- reuters.com: https://www.reuters.com/world/china/oil-prices-jump-more-than-4-after-israel-strikes-iran-2025-06-13/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.