# Oil prices up nearly 3% as Israel-Iran conflict escalates, US response remains uncertain

> Oil prices jumped almost 3% on Thursday as the Israel-Iran conflict escalated and the US response remained uncertain. JP Morgan's extreme scenario includes a Strait of Hormuz closure, which could send oil to $120-$130 a barrel. The article gives limited detail beyond these points.

- Date: 2025-06-19 · published 2025-06-19T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/10996-oil-prices-up-nearly-3-as-israel-iran-conflict-escalates-us-response-remains
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A Strait of Hormuz closure would cut a major share of global crude flows, which would push energy and freight costs sharply higher for feed buyers. Current gains reflect risk premium rather than confirmed supply loss.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## 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 prices soar as conflict between Israel and Iran escalates \| S&P Global](https://feedsoft.ai/events/10995-oil-futures-crude-prices-soar-as-conflict-between-israel-and-iran-escalates-s.md) | +12.0% | -0.8% |
| 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 | 2026-07-22 | [Oil price rises above $95 mark as Middle East conflict escalates \| Oil \| The Guardian](https://feedsoft.ai/events/9932-oil-price-rises-above-95-mark-as-middle-east-conflict-escalates-oil-the-guardian.md) | -8.2% | +0.8% |
| BRENT | 2025-06-13 | [Risk of regional conflict drives oil price surge after Israel's strike on Iran](https://feedsoft.ai/events/11000-risk-of-regional-conflict-drives-oil-price-surge-after-israel-s-strike-on-iran.md) | +12.0% | -0.8% |
| 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 prices soar as conflict between Israel and Iran escalates \| S&P Global](https://feedsoft.ai/events/10995-oil-futures-crude-prices-soar-as-conflict-between-israel-and-iran-escalates-s.md) | +10.2% | +1.1% |
| WTI | 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) | +35.6% | +50.4% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-falls-investors-weigh-chance-us-intervention-iran-israel-conflict-2025-06-19/

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