Global oil markets face massive upheaval after the United States and Israel launched heavy airstrikes across Iran. The attacks hit Tehran and other key cities. Traders now expect sharp price jumps and high volatility when trading resumes.
Strikes Target Iran’s Core Infrastructure
President Donald Trump confirmed the joint operation aims to destroy Iran’s nuclear sites, missile stocks, and naval forces. Explosions rocked Tehran, Isfahan, Qom, and Karaj. Thick smoke rose over government areas. Israel declared a state of emergency. It closed airspace and banned non-essential activities. Schools shut down nationwide.
The strikes mark a major escalation. They follow failed nuclear talks in Switzerland. Trump cited Iran’s nuclear program and harsh crackdowns on protesters as reasons for action. Human rights groups report over 5,000 protester deaths in recent unrest.
Strait of Hormuz Becomes War Zone Risk
The Strait of Hormuz carries 20 percent of world oil supply. Analysts now call it a war zone. Any blockade or attack could disrupt flows badly. Iran rushed to export extra crude last week. Satellite data showed heavy tanker traffic at its ports. Tehran wanted to secure revenue before possible damage or restrictions.
Oil prices already rose over 2 percent Friday. Brent crude neared $72 per barrel. West Texas Intermediate sat around $67. Experts predict a big “war premium” Monday. Some forecast prices hitting $80 to $100 if tensions worsen.
Second US Attack in Under a Year
This marks the second US strike on Iranian soil since June 2025. Earlier bombings hit nuclear facilities like Fordo. A short ceasefire followed. The current campaign looks much larger and more intense.
Iran vows strong retaliation. No major oil facility damage is confirmed yet. Still, the risk keeps markets nervous. Traders watch closely for any moves that could choke global energy supplies.
