The high oil prices after Israel launched air strikes against Iran

Futures of crude oil jumped by 13 % on Thursday evening after Israel fired air strikes against Iran without supporting the United States.

The West Texas is Medium The last up to 9.66 % was at $ 74.64 a barrel, while the global standard Brent It rose 9.27 % to $ 75.79 a barrel, and put it on a path for the largest gains for one day since 2020.

Israeli Prime Minister Benjamin Netanyahu said in a speech: Netanyahu said that Israel struck the main enrichment site in Iran in Natanz, and its prominent nuclear scientists, and hit the heart of the ballistic missile program.

“This process will continue for several days that it takes to remove this threat,” said Netanyahu.

US Secretary of State Marco Rubio explained that Israel has taken “one -sided action against Iran” without supporting the United States. Rubio warned Iran against targeting American interests.

“We are not involved in strikes against Iran and our maximum priority is the protection of American forces in the region,” Rubio said in a statement. “Israel advised us that they believe this measure is necessary for self -defense.”

Israeli Defense Minister Israel Katz has announced a special emergency in Israel in anticipation of Iran launched a missile attack and drone.

Iranian government media also reported that Hussein Salami, the commander of the Iranian Revolutionary Guard Corps (IRGC) was killed in strikes.

Andy Lipo, head of Lipow Oil, said that the oil markets are now concerned that Iran will split by attacking Israeli or American targets, which leads to a major military escalation and a possible disruption in oil supplies.

“Iran knows very well that President Donald Trump focuses on lower energy prices,” Lipo told CNBC.

Saul Cavon, head of Energy Research at Mst Marquee, said that the oil markets greatly ignore the geopolitical risks last year, so these recent developments are a “call to wake up” that these risks are more “tangible and imminent.”

“But the attacks will witness a form of revenge, which can easily – even if they were unintended – are out of control,” said Cavon, who warned that the air strikes on Thursday may encourage militant elements in Iran.