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: Israeli vehicles fire at eastern Gaza City.
Al-Qassam Brigades: We will hand over the body of one of the occupation prisoners that was exhumed today in the Gaza Strip at 9 pm Gaza time.
Al Mayadeen correspondent to southern Lebanon: One martyr and one wounded in the initial toll of an Israeli drone strike targeting the town of Al-Bayyad.
Local sources report that a car bomb explosion has targeted the General Security headquarters near the Baniyas Court in the Tartous countryside, western Syria
Israeli artillery strikes target Khan Younis, the Gaza Strip.
Palestinian media: IOF arrest leader Jamal al-Tawil, who was liberated as part of the prisoner exchange, from his home in al-Bireh.
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.

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

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

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

  • Technology
  • 24 Oct 2025
Arab League chief exposes secret US deal shielding 'Israel’s' nukes

Arab League chief exposes secret US deal shielding 'Israel’s' nukes

  • Politics
  • 27 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
Delta Air Lines flight lands at Harry Reid International Airport, Wednesday, April 9, 2025, in Las Vegas (AP)
Politics

Nearly 3,800 US flights disrupted amid ongoing government shutdown

FILE - The Amazon logo is pictured at the Amazon Robotic Sorting Fulfillment Center in Madison County, Miss., Aug. 11, 2022. (AP Photo/Rogelio V. Solis, File)
Economy

Amazon to cut 30,000 jobs in largest layoff in company history

Eurofighter Typhoon Spain's Air Force fighter jets fly above the military parade marking 'Día de la Hispanidad', or Hispanic Day, in Madrid, Spain, Sunday, Oct. 12, 2025. (AP)
Politics

UK sells 20 Eurofighter jets to Türkiye in £8bn defense agreement

Smoke billows after drone strikes by the paramilitary Rapid Support Forces (RSF) targeted the northern port in the Red Sea city of Port Sudan, Sudan, May 6, 2025 (AP)
Politics

RSF tightens El Fasher siege as Sudan risks fragmentation: Reuters

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