Energy Markets Rattled As Israel-Iran Conflict Escalates

1. Israel launched airstrikes on Iran, escalating geopolitical tensions in oil markets. 2. Brent crude oil prices surged nearly 8% following the attacks on June 13. 3. Military conflict heightens market nervousness over potential oil supply disruptions. 4. Iran's role in global oil supplies remains critical; it controls significant resources. 5. Escalation could prolong high oil prices, complicating Fed's potential rate cuts.