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Oil prices are exploding: Israel-Iran conflict threatens to shake the economy!
Israel attacks Iran, leading to rising oil prices and inflation. Impact on global markets and economy analyzed.
Oil prices are exploding: Israel-Iran conflict threatens to shake the economy!
Geopolitical tensions in the Middle East reached a new peak on June 13, 2025, when Israel carried out military strikes against Iran. This escalation has direct economic consequences that immediately impact global markets. According to vienna.at, global stock market prices fell while the US dollar rose in value and investors increasingly fled to government bonds. At the same time, oil prices rose significantly, with Brent oil prices rising 9% to $75.60 per barrel. This represents the largest price surge since May 2020.
A central aspect of the tense situation is the role of the Strait of Hormuz, a crucial waterway connecting the Persian Gulf with the Gulf of Oman. This strait is responsible for about 20% of global oil shipments, with around 21 million barrels of crude oil transported daily. In addition, around a quarter of global LNG supply flows leave this route. A loss in Iranian oil exports, which amount to 1.6 million barrels per day and mostly go to China, could have a massive impact on the global economy.
Fears of a blockage
Iran has already threatened a possible blockade of the Strait of Hormuz if there are further military provocations. Traders fear that such a blockage could raise oil prices to as much as $100 a barrel, which would have serious consequences for global inflation. According to Focus, a lockdown could not only significantly increase oil prices, but also endanger overall market stability.
Experts emphasize that an actual blockade by Iran would be difficult to implement, although it has been threatened several times in the past. China, as the main buyer of Iranian oil, would do everything in its power to prevent such a development. Still, uncertainty remains, and the possibility of a sudden spike in oil prices could quickly hit consumers at gas stations around the world.
Consequences for the global economy
A persistently high oil price level would not only fuel inflation, but could also influence the monetary policy decisions of leading central banks. Higher oil prices are making interest rate cuts more difficult, with the US Federal Reserve (Fed) recently pausing monetary easing, putting potential interest rate cuts in September in doubt. The European Central Bank (ECB) could also be forced to take a break from its previous interest rate cuts, as LGT reports.
In summary, geopolitical developments in the Middle East are not only driving up oil prices at times, but could also have far-reaching effects on the global economy and inflation. The situation remains tense and worth monitoring.