Oil rises as Iran-Israel conflict keeps floor under prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 17 2025
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Source: Reuters
Oil Price Trends: Oil prices increased due to uncertainty surrounding the Iran-Israel conflict, despite no concrete signs of production losses; Brent crude rose to $74.05 and U.S. West Texas Intermediate to $72.54.
Market Analysis: Analysts express concerns over potential disruptions in oil shipments through the Straits of Hormuz, although supply remains ample with revised lower demand estimates from the International Energy Agency.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
