Crude prices spike after Israel attacks Iran

Attacks prompt warning of harsh retaliation from Tehran, stoking concerns of wider regional conflict that could also impact oil production

Rescue teams work outside a heavily damaged building, targeted by an Israeli strike in the Iranian capital Tehran on13 June 2025. — Rescue teams work outside a heavily damaged building, targeted by an Israeli strike in the Iranian capital Tehran on13 June 2025.Photo: AFP/SCANPIX

Nicholas Heath

Enterprise editorLondon

Published 13 June 2025, 06:11Updated 16 June 2025, 09:43

Israel-Iran Conflict Iran Israel Oil Price Middle East