---
title: Oil jumped as much as 14%
description: "- biggest daily gain in more than 5 years - as Israel launched a series of airstrikes in Iran, and escalated the long-simmering conflict between the two nations into a full-on war.\n\n➡️ The strikes targeted sites linked to Iran’s nuclear enrichment program, as well as top scientists Fereydoun Abbasi-Davani and Mohammad Mehdi Tehranchi, both of whom were killed, Iranian media reported.\n\n➡️The commander-in-chief of Iran’s Islamic Revolutionary Guard Corps, Hossein Salami, was also killed in a strike.\n\n➡️Netanyahu says attacks would ‘roll back’ Iran threat\n\n➡️Tehran vows retaliation against Israel and US \n\n➡️Washington distances itself from ‘unilateral’ attack. Trump said he will to convene National Security Council meeting.\n\n➡️Oil prices jumped more than 10% as traders anticipated tighter supply.\n\n➡️Gold is up 1.5% at $3,450. S&P 500 futures are down -1.5%. Bitcoin is down 3% at $104k"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [Oil jumped as much as 14%](https://blog.syzgroup.com/syz-the-moment/oil-jumped-as-much-as-14)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Jun 13, 2025, 12:16:07 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/oil-jumped-as-much-as-14)

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