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Global oil prices soar after Israel attacks Iran
(www.bbc.com)
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this post was submitted on 13 Jun 2025
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Iran produces 5% of global oil and there are a lot more oil producers in the region, which might end up getting involved. Saudi Arabia, UAE, Iraw, Kuwait and Qatar come to mind. We did see Iran attacking Saudi oil production a few years ago, so this might happen again. Hopefully not, but still.
I fear something bad is going to happen. Idk if Iran can just sit around and let Isreal bomb them.
They already launched drones against Israel and some of them got shot down by the Saudis.
Some % of that was fake news