Oil Prices Jump After Israel's Attack

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Oil Prices Jump After Israel's Attack

Dow Jones06-13

By Ryan Dezember

Benchmark U.S. crude futures rose by more than 8% to trade above $73 a barrel, the highest price since February and before President Trump's April tariff announcements had energy traders penciling in slower economic growth and lower fuel demand.

Optimism over an Iran nuclear deal and the prospect of eased sanctions on the country's oil exports added pressure to prices earlier this spring. But now traders are showing they don't see much chance that the U.S. will lift restrictions on Iranian barrels any time soon, and that there may be additional disruptions to the region's oil output.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

June 12, 2025 21:08 ET (01:08 GMT)

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