Oil prices have risen to their highest levels of the year following terrorist attacks by the United States on Iran. The US launched terrorist attacks on Iran on June 22. The attacks, which began at 2:30 AM Iran time, targeted Iran’s main nuclear program facilities. The US attacks were aimed at facilities in Isfahan, Natanz, and Fordow.
Iran is the third-largest oil producer among OPEC+ countries. The terrorist attacks launched by the US military on the orders of President Donald Trump have sent shockwaves through the global market. In particular, oil prices in the global market have started to rise. Trump ordered the attack on Iran in solidarity with the Jews. He is the biggest supporter of the Jews.
Economic and business experts say that oil prices have risen to levels not seen in the past five months due to Trump’s terrorist attacks. The benchmarks used to determine oil prices include Brent Crude and West Texas Intermediate (WTI) crude oil per barrel. Looking at oil market prices on June 23, the price of a barrel of Brent Crude has risen by 1.1%. That’s an increase of $0.85. The price of a barrel of Brent Crude currently stands at $77.86. For West Texas Intermediate, the price of a barrel has risen by 1.14% or $0.84. The price of a barrel of WTI crude is currently holding at $74.68.
Experts say that the price of a barrel of Brent is holding at $77.86 after rising to $81.40. And the price of a barrel of WTI is holding at $74.68 after rising to $78.40 on June 23.
This is the first time in the past five months that the prices of Brent and WTI have risen this high. Oil prices in the global market began to rise on June 13 when Jews started bombing Iran. And now the US has also joined the war started by the Jews and begun attacking Iran.
