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Oil Surges to Five-Month High as U.S. Strikes on Iranian Nuclear Sites Raise Supply Fears

Jun 22, 2025, 10:18 p.m. ET

AsianFin -- Oil prices soared to their highest levels since January after the U.S. joined Israel in launching strikes on key Iranian nuclear facilities over the weekend, intensifying concerns over potential disruptions to Middle East supply routes.

As of 01:17 GMT on Monday, Brent crude climbed $1.92, or 2.49%, to $78.93 per barrel, while U.S. West Texas Intermediate rose $1.89, or 2.56%, to $75.73.

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