Oil Prices: Iran Attacks & Forecasts
- Global oil markets are bracing for potential price increases after the U.S.
- Saul Kavonic, a senior energy analyst at MST Marquee, suggested Iran's response would more likely target American interests in the Middle East, such as Gulf oil infrastructure in...
- The Strait of Hormuz, situated between Oman and Iran, is a critical export route for major oil producers including Saudi arabia, the United Arab Emirates, Iraq, and Kuwait.
Following U.S.airstrikes on Iranian nuclear facilities, oil prices are expected to climb amid concerns about potential disruptions in Middle East oil supply routes. President Trump’s decisive action has the global market on edge, with analysts like Saul Kavonic of MST Marquee predicting Iran may target American interests, including vital oil infrastructure, or disrupt the Strait of Hormuz-a critical chokepoint for global oil exports.the potential for escalation could push prices toward $100 a barrel, according to Kavonic, which adds even more weight to sanctions on the Houthis by the U.S. Department of the Treasury’s office of foreign Assets Control.News Directory 3 monitors the dynamic global oil market,and the situation is further complicated by the recent sanctions against Iran-backed groups. Discover what’s next as the international community watches closely.And, as analysts warn of potential surges, we will report.
Oil prices expected to rise after U.S. airstrikes on Iranian nuclear sites
Updated June 22, 2025
Global oil markets are bracing for potential price increases after the U.S. military conducted airstrikes against three Iranian nuclear facilities on Saturday night. President Donald Trump called the operation “a impressive military success,” saying Iran’s nuclear enrichment capabilities were “obliterated.” He added that further action could be taken if Iran does not agree to peace.
Saul Kavonic, a senior energy analyst at MST Marquee, suggested Iran’s response would more likely target American interests in the Middle East, such as Gulf oil infrastructure in Iraq, or create disturbances in the Strait of hormuz.
(Sudipta Das/NurPhoto / Getty images)
The Strait of Hormuz, situated between Oman and Iran, is a critical export route for major oil producers including Saudi arabia, the United Arab Emirates, Iraq, and Kuwait. The Energy Information Management considers it one of the world’s most vital oil chokepoints.
Kavonic said that much depends on iran’s response,adding,”this could set us on a path towards $100 oil if Iran respond[s] as they have previously threatened to.”
(Sudipta Das/NurPhoto / Getty Images)
Earlier in the week, industry analysts suggested prices could surge to $120 a barrel if the conflict between Israel and Iran disrupted critical shipping routes, significantly impacting global oil supplies.
On Friday, the U.S. Department of the Treasury’s office of foreign Assets Control (OFAC) announced sanctions against Iran-backed Ansarallah, also known as the Houthis, targeting individuals, entities, and vessels involved in importing oil and illicit goods to support the group.
(Brandon Bell / Getty Images)
deputy Secretary of the Treasury Michael Faulkender stated that the Houthis rely on front companies and facilitators to generate revenue, procure weapons, and advance their activities with the Iranian regime.
Faulkender added, “Today’s action-our most significant to date against the group-underscores our commitment to disrupting the Houthis’ financial and shipping pipelines that enable their reckless behavior in the Red Sea and the surrounding region.”
What’s next
The coming days will be critical in determining Iran’s response and the subsequent impact on global oil prices and supply chains. Market analysts are closely monitoring the situation for any signs of escalation or disruption.