# Oil prices surge after Israel's strike on Iran | CBC News

> Oil surged, stocks fell, and investors moved into the US dollar and government bonds on June 13 after Israel struck Iranian nuclear and military targets. US crude rose $4.73, or 6.9%, to $72.77, its biggest gain since early in Russia's invasion of Ukraine. Brent climbed $4.58 to $73.94.

- Date: 2025-06-13 · published 2025-06-13T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/10997-oil-prices-surge-after-israel-s-strike-on-iran-cbc-news
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

The strikes raise the risk of a wider war and of Middle East supply disruption, which pushes crude prices higher. Higher crude raises fuel and transport costs for feed production and delivery.

## 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 | CBC report of the oil surge and risk-off flows on June 13 after the Israeli strike confirms the sentiment-driven price jump. |
| WTI | 2025-06-15 | 5 | +11.4% | 3.1 | US crude rose $4.73 (6.9%) on June 13 after the strikes on Iranian targets, which was the main driver of the weekly gain. |
| BRENT | 2025-06-13 | 5 | +11.2% | 3.1 | Oil surged with safe-haven flows into the dollar and bonds, confirming the sentiment-driven rally in Brent. |
| WTI | 2025-06-13 | 5 | +13.1% | 3.3 | US crude gained 6.9%, its biggest gain since early in the Ukraine invasion, on the Israeli strikes. |
| BRENT | 2025-06-17 | 5 | +15.0% | 3.3 | Brent climbed $4.58 on June 13 as investors priced in the Israel-Iran supply risk, confirming the size of the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2025-06-13 | [Oil prices surge after Israel launches airstrikes against Iran](https://feedsoft.ai/events/10992-oil-prices-surge-after-israel-launches-airstrikes-against-iran.md) | +12.0% | -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% |
| BRENT | 2024-09-30 | [Oil prices rise 3% after Iran launches missiles at Israel](https://feedsoft.ai/events/10029-oil-prices-rise-3-after-iran-launches-missiles-at-israel.md) | +9.6% | +5.6% |
| 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 | 2026-08-31 | [Brent nears $90 after US-Iran strikes: Why is crude oil price rising?](https://feedsoft.ai/events/18055-brent-nears-90-after-us-iran-strikes-why-is-crude-oil-price-rising.md) | +10.8% | +22.9% |
| WTI | 2025-06-13 | [Oil prices surge after Israel launches airstrikes against Iran](https://feedsoft.ai/events/10992-oil-prices-surge-after-israel-launches-airstrikes-against-iran.md) | +10.2% | +1.1% |
| WTI | 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) | +10.2% | +1.1% |
| WTI | 2025-06-13 | [WTI crude surges after Israel attack on Iran \| Latest Market News](https://feedsoft.ai/events/11155-wti-crude-surges-after-israel-attack-on-iran-latest-market-news.md) | +10.2% | +1.1% |

## Sources

- cbc.ca: https://www.cbc.ca/news/business/oil-prices-surge-after-israel-strike-on-iran-1.7560332

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