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Fire and smoke rises in the sky after an Israeli attack on Shahran oil deposit on June 15, 2025 in Tehran, Iran.
Getty Images | Getty Images News | Getty images
Under -term contracts on crude oil jumped more than 3% on Sunday after Israel struck two natural gas facilities in Iran, which raises fears that the war extends to energy infrastructure and disrupted supplies in the region.
We gross Oil increased by $ 2.72, or 3.7%, to $ 75.67 a barrel. World benchmark Brent increased by $ 3.67, or 4.94%, to $ 77.90 per barrel.
Air vehicles without Israeli pilot struck the gas ground in the south of Pars on Saturday in southern Iran, according to Iranian state media Reports. Strikes have reached two natural gas treatment facilities, according to state media.
We do not know how much damage has been caused to the installations. South Pars is one of the largest natural gas fields in the world. Israel also struck a large oil depot near Tehran, sources said The Jerusalem post.
Iranian missiles, on the other hand, damaged a large oil refinery in Haifa, according to Israel’s times.
Oil price closed more than 7% higher Friday, after Israel launched a wave of air strikes against Iranian nuclear and ballistic missile programs as well as its senior military leaders.
It was the largest move for a day for the oil market since March 2022 after Russia launched its large -scale invasion of Ukraine. American crude oil jumped 13% in total last week.
The war entered its third day with little sign that Israel or Iran retreat, while they exchanged missile dams throughout the weekend.
Iran plans to close the Hormuz Strait, a main commander announced on Saturday.
