13 Jul, 05:17··

Oil prices rise after attacks in the Gulf.

ZEIT Online

Oil prices went up quickly after the United States attacked Iran. Stock prices went down because of this. The stock market in Europe is expected to go down at the start of the week.

The United States launched new air attacks on Iran. Iran also attacked in the Gulf region. Oil prices increased by 1.5% to $84 per barrel. The United States put new rules on Iranian ships in the Strait of Hormuz. This caused worry about energy supplies and possible changes to interest rates.

Summarized from the sources above. Read the originals for the full story.

Highlights

Oil Prices Rise Significantly

Oil prices increased sharply due to US air attacks on Iran.

US and Iran Attacks Cause Rise

New attacks by the US and Iran have caused oil prices to increase.

Stock Markets Decline Following Attacks

Stock market prices fell following the attacks and rising oil prices.

Brent Crude Price Increase

The price of Brent crude rose by 1.5% to $84 per barrel.

Sanctions Impact Global Markets

US sanctions on Iranian ships have fueled fears about global energy markets.

Perspectives

Sources agree
  • Oil prices increased due to attacks on Iran.
  • US attacks and Iranian attacks caused stock market falls.
  • The situation impacts global energy markets.
  • The rise in oil prices is linked to US-Iran tensions.
Sources disagree
Cause of the price increase

US air attacks on Iran caused the sharp rise in oil prices.

tagesschau, ZEIT Online, Der Spiegel

Increased tensions between the US and Iran, including sanctions, drove the price increase.

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Timeline

23h span
13 Jul, 05:1714 Jul, 04:29
oil pricesgeopoliticsinflationmilitary conflictstock markets