# Oil prices jumps 4% to 2-month high as tensions rise in Middle East | Reuters

> Oil prices rose more than 4% to their highest in over two months after reports that the US was preparing to evacuate its Iraqi embassy over security concerns. Brent settled at $69.77 and WTI at $68.15.

- Date: 2025-06-11 · published 2025-06-11T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude medium
- Page: https://feedsoft.ai/events/11156-oil-prices-jumps-4-to-2-month-high-as-tensions-rise-in-middle-east-reuters
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Rising Middle East tensions lift crude prices, which increases energy and freight costs for feed producers. Ongoing OPEC+ supply increases partly offset the upward pressure.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WTI | 2025-06-15 | 5 | +11.4% | 3.1 | On June 11 oil rose over 4% to a two-month high on US embassy evacuation fears in Iraq, which started the weekly rally. |
| BRENT | 2025-06-13 | 5 | +11.2% | 3.1 | On June 11 oil rose over 4% to a two-month high on reports of a US embassy evacuation in Iraq, which contributed to the early-week gain in the 5-day window. |
| BRENT | 2025-06-17 | 5 | +15.0% | 3.3 | Brent rose 4% on June 11 to a 2-month high on US embassy evacuation reports, which raised the base for the later spike and fed the 5-day window. |
| WTI | 2025-06-13 | 5 | +13.1% | 3.3 | Oil rose more than 4% to a two-month high on June 11 as the US prepared to evacuate its Iraqi embassy, building the risk premium earlier in the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2018-04-15 | [Bullish forecast for oil prices as Middle East tensions rise](https://feedsoft.ai/events/65725-bullish-forecast-for-oil-prices-as-middle-east-tensions-rise.md) | +1.4% | +4.9% |
| WTI | 2025-06-13 | [Traders pile into $80 US oil bets as tensions rise in Middle East](https://feedsoft.ai/events/11154-traders-pile-into-80-us-oil-bets-as-tensions-rise-in-middle-east.md) | +10.2% | +1.1% |
| WTI | 2026-09-07 | [Oil prices rise to six-week highs on worsening Middle East conflict \| Reuters](https://feedsoft.ai/events/17631-oil-prices-rise-to-six-week-highs-on-worsening-middle-east-conflict-reuters.md) | +9.3% | +3.6% |
| WTI | 2025-12-29 | [USD/CAD slips to near 1.3650 as Oil prices gain on Middle East tensions](https://feedsoft.ai/events/21733-usd-cad-slips-to-near-1-3650-as-oil-prices-gain-on-middle-east-tensions.md) | +2.7% | +9.7% |
| WTI | 2023-10-09 | [Middle East conflict fuels rise in commodity prices \| Reuters](https://feedsoft.ai/events/9277-middle-east-conflict-fuels-rise-in-commodity-prices-reuters.md) | +5.9% | -2.2% |
| BRENT | 2018-04-15 | [Bullish forecast for oil prices as Middle East tensions rise](https://feedsoft.ai/events/65725-bullish-forecast-for-oil-prices-as-middle-east-tensions-rise.md) | +2.0% | +6.0% |
| BRENT | 2026-09-07 | [Oil prices rise to six-week highs on worsening Middle East conflict \| Reuters](https://feedsoft.ai/events/17631-oil-prices-rise-to-six-week-highs-on-worsening-middle-east-conflict-reuters.md) | +12.0% | +18.6% |
| BRENT | 2026-04-02 | [HLIB Research: Middle East tensions to lift near-term palm oil prices](https://feedsoft.ai/events/9476-hlib-research-middle-east-tensions-to-lift-near-term-palm-oil-prices.md) | -2.8% | +8.2% |

## Sources

- reuters.com: https://www.reuters.com/business/energy/oil-prices-down-markets-assess-us-china-trade-talks-outcome-2025-06-11/

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