Oil has skyrocketed!

Shortly after Israel attacked Iran, oil futures surged as high as 13%.

As the WLT Report previously reported, Israel launched several airstrikes on Iranian nuclear facilities and on the homes of top military officials.

CNBC had these details to share about the spike in oil futures:

Crude oil futures jumped as much as 13% Thursday evening after Israel launched airstrikes against Iran without U.S. support.

U.S. West Texas Intermediate last rose 11.38%, to $75.82 per barrel, while global benchmark Brent surged 10.28%, to $76.48 per barrel.

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Israel launched a “targeted military operation” against Iran’s nuclear and ballistic missile program, Israel Prime Minister Benjamin Netanyahu said in an address. Israel hit Iran’s main enrichment site at Natanz, its leading nuclear scientists, and struck the heart of its ballistic missile program, Netanyahu said.

“This operation will continue for as many days as it takes to remove this threat,” Netanyahu said.

U.S. Secretary of State Marco Rubio made clear that Israel had taken “unilateral action against Iran” without U.S. support. Rubio warned Iran against targeting U.S. interests.

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

Israel’s Defense Minister Israel Katz declared a special state of emergency in Israel in anticipation of Iran launching a missile and drone attack in retaliation.

Oil is now up +13%

Positive YTD for 2025 pic.twitter.com/XvbUDHkdrx

— Geiger Capital (@Geiger_Capital) June 13, 2025

Reports in Iran that the Natanz facility has been hit “severely” among oil refineries as well like this one pic.twitter.com/1ZNZzyX0HD

— Raylan Givens (@JewishWarrior13) June 13, 2025

Here’s the latest update on Israel’s attacks on Iran, Per Fox News:

Israeli Prime Minister Benjamin Netanyahu confirmed that one of Iran’s top nuclear facilities had been hit in Thursday night’s strike against the regime.

“Iran has produced enough highly enriched uranium for nine atom bombs, nine,” Netanyahu said. “In recent months, Iran is taking steps that it has never taken before, steps to weaponize this enriched uranium. And if not stopped, Iran could produce a nuclear weapon in a very short time.”

The Natanz Nuclear Facility – one of Tehran’s key nuclear sites and which has been flagged by security experts that in coordination with the Fordow Fuel Enrichment Plant, could produce enough weapons-grade uranium to produce 11 nuclear weapons within a month – has been hit in the strikes, though the extent of the damage remains unknown.

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“We struck at the heart of Iran’s nuclear enrichment program. We struck at the heart Iran’s nuclear weaponization program,” Netanyahu said in live remarks. “We targeted Iran’s main enrichment facility in Natanz.

“We targeted Iran’s leading nuclear scientists working on the Iranian bomb,” he added.

The Nantaz Nuclear Facility was at least partially destroyed in 2020 following an explosion, and satellite imagery has suggested Iran began constructing deep underground tunnels to further secure and obscure their nuclear program, reported the Institute for Science and International Security earlier this year.

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This is a Guest Post from our friends over at WLTReport.

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