Politics

Crude prices steady as Israel-Iran conflict spares oil output

Crude has jumped by around 12% in past week amid Israel-Iran conflict and heightened fears of broader regional conflagration

Israeli air defence systems are activated to intercept Iranian missiles over the Israeli city of Tel Aviv amid a fresh barrage of Iranian rockets on 16 June.
Israeli air defence systems are activated to intercept Iranian missiles over the Israeli city of Tel Aviv amid a fresh barrage of Iranian rockets on 16 June.Photo: AFP/SCANPIX
Middle East and South Asia EditorKuala Lumpur
Published 16 June 2025, 03:29Updated 16 June 2025, 11:37
OpecPetronasIsraelIranStrait of Hormuz