# OIL FUTURES: Crude prices soar as conflict between Israel and Iran escalates | S&P Global

> On June 13 the ICE August Brent contract jumped $5.93 to $75.29 a barrel in European morning trade, and NYMEX July crude rose $5.91 to $74.05. Israel struck Iranian nuclear facilities and military sites overnight, while US-Iran nuclear talks showed little progress. The US denied involvement in the strikes.

- Date: 2025-06-13 · published 2025-06-13T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/10995-oil-futures-crude-prices-soar-as-conflict-between-israel-and-iran-escalates-s
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The strikes on nuclear and military sites raise the risk of wider regional conflict and supply disruption, which pushes crude higher. Higher energy prices increase costs for feed production and transport.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2025-06-13 | 1 | +7.3% | 3.3 | Intraday S&P Global report shows Brent jumping about $6 in European morning trade on the strikes, confirming the timing and mechanism. |
| BRENT | 2025-06-13 | 5 | +11.2% | 3.1 | ICE Brent rose $5.93 in morning trade on the strikes and stalled US-Iran talks, showing the supply-risk premium building. |
| WTI | 2025-06-13 | 5 | +13.1% | 3.3 | NYMEX July crude rose $5.91 on the Israeli strikes and stalled US-Iran talks, adding to the geopolitical premium. |
| WTI | 2025-06-15 | 5 | +11.4% | 3.1 | NYMEX crude jumped about $5.91 on June 13 as Israel struck Iranian nuclear sites and US-Iran talks stalled. |
| BRENT | 2025-06-17 | 5 | +15.0% | 3.3 | ICE Brent rose about $5.93 on June 13 on the Israeli strikes and stalled US-Iran talks, which confirms the main price jump. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-06-17 | [Oil prices rise more than 4% as Iran-Israel conflict escalates \| Reuters](https://feedsoft.ai/events/10994-oil-prices-rise-more-than-4-as-iran-israel-conflict-escalates-reuters.md) | -1.7% | -5.5% |
| BRENT | 2025-06-13 | [OIL FUTURES: Crude surges 6% as Israel launches 'preemptive' strike on Iran \| S&P Global](https://feedsoft.ai/events/11153-oil-futures-crude-surges-6-as-israel-launches-preemptive-strike-on-iran-s-and-p.md) | +12.0% | -0.8% |
| BRENT | 2025-06-19 | [Oil prices up nearly 3% as Israel-Iran conflict escalates, US response remains uncertain](https://feedsoft.ai/events/10996-oil-prices-up-nearly-3-as-israel-iran-conflict-escalates-us-response-remains.md) | -12.2% | -10.9% |
| BRENT | 2026-03-02 | [Oil jumps as Iran conflict escalates, disrupts shipping](https://feedsoft.ai/events/8005-oil-jumps-as-iran-conflict-escalates-disrupts-shipping.md) | +31.0% | +62.6% |
| BRENT | 2022-03-01 | [Oil futures: Crude, fuel prices surge as Ukraine conflict pushes NYMEX WTI well past $100/b](https://feedsoft.ai/events/12842-oil-futures-crude-fuel-prices-surge-as-ukraine-conflict-pushes-nymex-wti-well.md) | +23.6% | +11.2% |
| WTI | 2025-06-17 | [Oil prices rise more than 4% as Iran-Israel conflict escalates \| Reuters](https://feedsoft.ai/events/10994-oil-prices-rise-more-than-4-as-iran-israel-conflict-escalates-reuters.md) | -9.9% | -6.8% |
| WTI | 2025-06-13 | [OIL FUTURES: Crude surges 6% as Israel launches 'preemptive' strike on Iran \| S&P Global](https://feedsoft.ai/events/11153-oil-futures-crude-surges-6-as-israel-launches-preemptive-strike-on-iran-s-and-p.md) | +10.2% | +1.1% |
| WTI | 2025-06-19 | [Oil prices up nearly 3% as Israel-Iran conflict escalates, US response remains uncertain](https://feedsoft.ai/events/10996-oil-prices-up-nearly-3-as-israel-iran-conflict-escalates-us-response-remains.md) | -12.7% | -9.6% |

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/crude-oil/061325-oil-futures-crude-prices-soar-as-conflict-between-israel-and-iran-escalates

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