- A conflict involving West Asia and the Middle East began on June 1st, leading to tensions, strikes, and impacts on global commodity prices.
- A conflict involving West Asia and the Middle East began on June 1st, leading to tensions, strikes, and impacts on global commodity prices.
- A conflict involving West Asia and the Middle East began on June 1st, leading to tensions, strikes, and impacts on global commodity prices.
- A conflict involving West Asia and the Middle East began on June 1st, leading to tensions, strikes, and impacts on global commodity prices.
US strikes on Iranian targets lead to an oil price spike affecting crude importers in the Middle East.
2 reports, 2 independent
Updated Jul 14
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What happened
US strikes on Iranian targets lead to an oil price spike affecting crude importers in the Middle East.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Tensions in the Middle East pushed oil prices above $85 per barrel on July 14th.Sub-event
Escalation of US strikes on Iran targets, leading to oil price spikes and attacks on production facilities.1 source
US strikes on Iranian targets trigger oil price spikes in the Middle East.1 source
Keep exploring
Part of
A conflict involving West Asia and the Middle East began on June 1st, leading to tensions, strikes, and impacts on global commodity prices.Also in this story
- Indian seafarers face attacks in West Asia.
- The global energy market is facing cost pass-through due to expensive LNG imports, leading to discussions about energy cost cap systems.
- A conflict involving Iran and Kuwait has escalated, with Iran launching counterattacks on Kuwait and halting traffic through the Strait of Hormuz. Trump has threatened further strikes.
- Exchanges of attacks heightened regional uncertainty in the Middle East.
The entities involved
- Brent
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran
Related events
- US strikes in southern Iran on May 27 raised global oil prices.
- US strikes in Iran on May 26 pushed Brent prices higher, affecting the Fed outlook and prompting diplomatic negotiations.
- U.S. conducted strikes against Iranian targets amid ongoing geopolitical tensions in the Middle East, affecting oil prices.
- Strikes on oil tankers are underway, disrupting supply chains amidst the ongoing escalation of the Iran and US conflict in the Middle East.
- U.S. strikes and tit-for-tat escalations in the Middle East are driving up oil prices and pressuring the Fed.