Oil prices jumped at 13 per cent today in the midst of a traffic disturbance across the Hirams Biosphere as Iranian attacks continued following the launch of the United States-Israeli attack, which killed the Iranian leader Ali Khamani.
The future contracts have risen.Rabbi Burnett. To $82.37, the highest level since January 2025, before rising to $5.41 or 7.4% at $78.28.
The U.S. mediator ' s crude west of Texas increased to $75.33 by 12 per cent to the highest level since June, before the gains were reduced to $4.74 at $7.1 per cent at $7.76.
The two standard crusts rose significantly as a result of the continued exchange of attacks that damaged oil tankers and significantly disrupted the transit of tankers in the Hirams Strait between Iran and the Sultanate of Oman linking the Gulf to the Arab Sea.
Five global demand
In natural days, tankers carrying oil equivalent to almost one fifth of world demand, from Saudi Arabia, Iraq, Iran and Kuwait, as well as diesel carriers, aviation fuel, petrol and other products from their refineries, cross into major Asian markets, including China and India.
The actual closure of the Hem symbol Strait for a long time would push oil prices to rise and cause shortages of supplies to China and India.
Shipping data available yesterday on Sunday showed that more than 200 tankers carrying oil and suspended saline gas in the Gulf were damaged and three tankers were killed in Sunday attacks in the Gulf waters.
At the end of the conflict, members of the OPEC+ alliance agreed yesterday Sunday to a modest increase in oil production of 20,000 barrels per day during April.
Analysts warn that United States retail prices, the world ' s largest fuel consumer, may exceed $3 per gallon due to the conflict, which may pose a threat to President Donald Trump and his Republican Party before the mid-renewal elections next November.
Read also: What do US-Israeli strikes on Iran mean for oil prices?
