Oil jumps after Iran, Israel trade attacks

Jun 8, 2026, 04:44 GMT+1

Oil prices surged after reports of fresh strikes in the Middle East raised concerns about the security of energy supplies and shipping routes.

Global benchmark Brent crude rose 3.63% to $96.75 a barrel in the hour following the reports.

US benchmark West Texas Intermediate climbed 3.35% to $93.89 a barrel.

ANALYSIS
Iran or the dollar? US makes an example of Banque Misr
ANALYSIS
War or deal? Rezaei begins to define Iran’s price
INSIGHT
Three mediators in three days seek path back to Iran-US talks
‘State-sponsored theft’: UN representative calls out rising seizures from Iran’s Bahá’ís
ANALYSIS
Will Mojtaba Khamenei's absence help the Islamic Republic survive?

ANALYSIS
Iran or the dollar? US makes an example of Banque Misr
ANALYSIS
War or deal? Rezaei begins to define Iran’s price
INSIGHT
Three mediators in three days seek path back to Iran-US talks
‘State-sponsored theft’: UN representative calls out rising seizures from Iran’s Bahá’ís
ANALYSIS
Will Mojtaba Khamenei's absence help the Islamic Republic survive?