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Oil prices briefly jumped to $81 amid US strikes on Iran

June, 23 2025
watermark Economic news

On Monday, oil prices rose sharply in Asian trading due to the US strikes on Iran, which increased fears of supply disruptions in the Middle East. 


Brent futures rose to $79 per barrel, while WTI rose to $75. Both contracts initially gained 4%, reaching four-month highs, with Brent briefly rising to $81 per barrel. 


However, some of the growth was lost due to the uncertainty surrounding Iran's reaction and the US position. Brent quotes dropped to $76.75, and WTI – to $73.15. 


Analysts call the strikes a «significant escalation» and predict price fluctuations in the range of $90-$95. 


The risks of supply disruptions through the Strait of Hormuz have increased, as well as the possible introduction of new sanctions by the United States. At the same time, the prospects for nuclear negotiations between Iran and the United States remain doubtful.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.