Oil Prices Soar After Israel’s Iran Strike Sparks Supply Fears

Oil Prices Soar After Israel’s Iran Strike Sparks Supply Fears · The Wall Street Journal

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Oil futures surged Friday after Israel launched a wide-ranging attack against Iran’s nuclear facilities and military leadership, stoking fears of a regional conflict that could disrupt global energy flows. The U.S. oil gauge, West Texas Intermediate, also advanced over 7% to close at $72.98 a barrel. Iran’s Supreme Leader Ayatollah Ali Khamenei warned Israel “should expect severe punishment” for the strikes.