Oil prices rise after Israeli strike on Iran

Oil prices rose on Friday following the Israeli attack on the Iranian city of Isfahan. The news provoked a new wave of fears of growing conflict in the Middle East and restrictions on oil supplies from the region, reported from Interfax.

The cost of June futures for Brent on the London ICE Futures exchange amounted to $88.81 per barrel, which is $1.7 (1.95%) higher than the close of previous trading.

On Thursday, these contracts fell $0.18 (0.2%) to $87.11 per barrel.

According to the results of previous trading, the cost of these contracts had increased by $0.04 (0.1%), to $82.73 per barrel.

The attack on Isfahan was carried out using drones; they were shot down by Iranian air defense forces, Al Mayadeen says, citing a representative of the Iranian Space Agency. Air defense systems responded to suspicious objects in Isfahan airspace near a military base north of the city.

Israel’s retaliation came less than a week after the Iranian attack on the Jewish state.





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