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Brent settled at $76.45 a barrel on June 17, up 4.4%, and WTI finished at $74.84, up 4.28%. The Iran-Israel conflict continued with no end in sight.
Major oil and gas infrastructure and flows had so far been largely spared.
Continued conflict keeps a geopolitical risk premium in crude, raising fuel and freight costs for feed buyers. Because infrastructure has not been hit, the move is more a risk premium than a confirmed supply loss.
reuters.comErwin SebaJun 17, 2025After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Brent rose another 4.4% to $76.45 on June 17 as the conflict escalated with no end in sight, extending the rally into the end of the window.
