Global oil prices soar after Israel attacks Iran

Friday, June 13, 2025

Global oil prices jumped after Israel said it had struck Iran, in a dramatic escalation of tensions in the Middle East. Benchmark oil contracts, Brent Crude and Nymex light sweet, were up by more than 10% after the news emerged. Traders are concerned that a conflict between Iran and Israel could disrupt supplies coming from the energy-rich region.

Posted by REDIAL at 12:51 AM | 9 COMMENTS | permalink | Comment on This Entry |

Alternate links: Google News | Twitter

Comments

Admin's note: Participants in this discussion must follow the site's moderation policy. Profanity will be filtered. Abusive conduct is not allowed.

Thanks to Biden our oil reserves are at a historic low.

#1 | Posted by visitor_ at 2025-06-13 02:31 AM | Reply | Funny: 1

Thanks to Biden our oil reserves are at a historic low.

Why doesn't Lewzer fix that like he said he was going to? TACO!

#2 | Posted by REDIAL at 2025-06-13 02:48 AM | Reply

It's at a higher level than when Biden left office.

#3 | Posted by visitor_ at 2025-06-13 09:26 AM | Reply

Thanks to Biden our oil reserves are at a historic low.

#1 | Posted by visitor_

Why wasn't it refilled during a time of record US output and lower prices? I thought increased production here is supposed to make gas/oil cheap here...

Oh wait, it doesn't because you silly fools don't actually know what you're talking about.

#4 | Posted by jpw at 2025-06-13 10:41 AM | Reply

Trump has been refilling it. But Biden's irresponsible emptying in order to buy the election with cheap old has damaged the caverns. The refilling has to be done much more slowly and new caverns need to be dug. Thanks Biden's auto-pen.

#5 | Posted by visitor_ at 2025-06-13 10:57 AM | Reply

The question to you JPW is why Biden depleted it during a period of record US output?

#6 | Posted by visitor_ at 2025-06-13 10:58 AM | Reply

#6 | Posted by visitor

Why did the Strategic Oil Reserve lunge at Noem and have to be physically restrained?

#7 | Posted by Zed at 2025-06-13 11:49 AM | Reply

Trump has been refilling it.

At the same pace the Biden administration was.

ycharts.com

But Biden's irresponsible emptying in order to buy the election with cheap old has damaged the caverns.

Or it was, you know, during a time of significant economic upheaval and lowering one of the major inflationary pressures was a good move.

One that if he didn't, you would have b*&^%ed and whined about.

The question to you JPW is why Biden depleted it during a period of record US output?

#6 | Posted by visitor_

If you weren't a gullible fool who didn't understand how the markets work (at least at some level, as I'm not expert), you wouldn't even be asking this question.

#8 | Posted by jpw at 2025-06-13 12:16 PM | Reply

The question is WHY DID TRUMP ALLOW ISRAEL TO ATTACK IRAN?

#9 | Posted by LegallyYourDead at 2025-06-13 06:32 PM | Reply