Oil prices up nearly 3% as Israel-Iran conflict escalates
Jun 20, 2025
Tehran [Iran], June 20: Oil prices jumped almost 3% on Thursday as a week-old air war between Israel and Iran escalated and uncertainty about potential U.S. involvement kept investors on edge.
Brent crude futures settled up $2.15, or 2.8%, to $78.85 a barrel, its highest close since January 22.
U.S. West Texas Intermediate crude for July was up $2.06, or 2.7%, to $77.20 at 1330 EST (1730 GMT).
Trading volumes were light on Thursday due to a U.S. federal holiday.
Source: Fijian Broadcasting Corporation
