Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian media: 'Israel' launches two airstrikes on eastern Khan Younis, Gaza.
Al Mayadeen’s correspondent in Gaza: Israeli occupation forces carry out demolitions in eastern Gaza City.
Venezuelan Foreign Ministry: The National Armed Forces will remain on alert and mobilized in the face of this extremely dangerous provocation.
Venezuelan Foreign Ministry: This is not a defense exercise, but rather a military aggression aimed at turning the Caribbean into a space for violence and US hegemony.
Venezuelan Foreign Ministry: The government of Trinidad and Tobago has surrendered the country's sovereignty to act as a military colony serving US interests.
Rapid Support Forces attack El-Fasher, west Sudan.
Al Mayadeen correspondent: One martyr and one wounded in an Israeli drone attack on the town of Hafir, west of Baalbek, eastern Lebanon.
Al Mayadeen correspondent: An Israeli drone fired three missiles in the vicinity of the town of Bodai, west of Baalbek.
Reuters: The Rapid Support Forces announced that they have taken over the headquarters of the Sudanese Armed Forces in al-Fasher.
Al Mayadeen correspondent: An Israeli drone strike targeted the town of Al-Qlailah, Southern Lebanon.

Oil hits biggest one-day surge since 2022 amid 'Israel'-Iran attacks

  • By Al Mayadeen English
  • Source: CNN
  • 13 Jun 2025 23:48
  • 2 Shares
2 Min Read

US oil jumped 7.26%, closing around $72.98 per barrel, while Brent rose 7%, settling near $74.23 per barrel.

Listen
  • x
  • Oil hits biggest one-day surge since 2022 amid 'Israel'-Iran attacks
    Pumpjacks dip their heads to extract oil in a basin south of Duchesne, Utah, the United States, on July 13, 2023. (AP)

Oil prices surged sharply on Friday after "Israel" struck Iranian nuclear and military sites, rattling global markets and raising fears of a wider regional conflict.

Both US crude and Brent crude, the global benchmark, posted their biggest single-day gains since March 2022, shortly after Russia’s invasion of Ukraine. They also recorded their largest weekly increases since October 2022.

US oil jumped 7.26%, closing around $72.98 per barrel, while Brent rose 7%, settling near $74.23 per barrel. Earlier in the day, US oil and Brent had soared as much as 14% and 13%, respectively.

“For markets, the focus is now turning to how the situation might escalate,” said Deutsche Bank strategist Jim Reid in a Friday note.

Iran retaliated against "Israel's" aggression by launching hundreds of ballistic missiles against "Israel."

Related News

Iran, Iraq vow to uphold security pact amid regional tensions

Araghchi to Trump: You can't claim peace while provoking endless wars

Analysts at Capital Economics warned that the main economic impact of this escalation would come through rising oil prices, which could fuel inflation and complicate the outlook for policymakers like the Federal Reserve.

Op. True Promise 3: Iran's ballistic missiles strike Tel Aviv

Iran has launched three missile salvos targeting "Israel" in retaliation for its aggression on numerous Iranian regions and sensitive military and nuclear sites, with estimates of more than 200 missiles being launched.

Israeli media reported that close to 150 missiles were fired from Esfahan, Iran, towards "Israel". It was later reported that a fire broke out in Tel Aviv near the Israeli Security Ministry after a missile achieved a direct hit, as the IRGC announced that the retaliatory strikes were conducted under Operation True Promise III. At the same time, Israeli media reported that "massive explosions" were heard above a sensitive location in "Israel", and that several Israeli troops were wounded in the Nevatim military air base in the al-Naqab desert.

WATCH | Destruction in Tel Aviv due to Iranian missiles#OccupiedPalestine #Iran pic.twitter.com/IdgHt5DABl

— Al Mayadeen English (@MayadeenEnglish) June 13, 2025

Al Mayadeen's sources reported that the missiles were fired from multiple bases across several cities and provinces, including Fars in the country’s southeast. 

Israeli Channel 12 reported that 200 to 300 missiles were launched in the Iranian attack, with impacts recorded in roughly nine locations across "Israel". Israeli media lamented that the entirety of "Israel" was under attack.

  • war on Iran
  • Israeli attack on Iran
  • Oil prices
  • Oil Production
  • Oil and gas
  • Israel
  • Israeli occupation
  • Iran
  • Tehran

Most Read

From previous scenes of the Qassam Brigades targeting an Israeli D9 bulldozer with a Yassin 105 shell, east of Deir al-Balah. (Military Media of the Qassam Brigades)

US knew fatal Rafah blast cause was not Hamas op., says journalist

  • Politics
  • 20 Oct 2025
'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

'Israel’s Digital Iron Dome: Weaponizing the web against Palestine

  • Technology
  • 24 Oct 2025
Abu Hamza, the spokesperson for the Al-Quds Brigades, during a speech televised on October 22, 2025 (Al-Quds Brigades Military Media)

Al-Quds Brigades' Abu Hamza mourns leaders, vows continued resistance

  • Politics
  • 22 Oct 2025
US missionary kidnapped in Niger capital, suspected taken toward Mali

US missionary kidnapped in Niger capital, suspected taken toward Mali

  • Africa
  • 23 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Sheikh Naim Qassem speaks during an interview with Al-Manar TV, October 26, 2025 (Screenshot)
Politics

Hezbollah ready to face 'Israel' in case of war: Sheikh Naim Qassem

A Russian cargo train arrives at Astara Railway Wharf, March 2018 (IRNA)
Economy

Tehran, Moscow to finalize INSTC rail project next month

Iran's Parliament Speaker Mohammad Bagher Ghalibaf addresses the media after submitting his candidacy for the Islamic Republic's upcoming presidential election in Tehran on June 3, 2024 (AP)
Politics

UNSCR 2231 termination marks major win for Iran’s diplomacy: Qalibaf

ap
Politics

'Israel' killed 40 Palestinian children in West Bank since January: UN

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS