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Iran is the third largest oil producer in the world and most of its oil goes to China.
Israel carried out air strikes on Iran’s nuclear bases on June 12, causing oil prices to suddenly rise. In such a situation, the question is, what will be the effect of this stress on the pocket of the common man? Will the prices of petrol and diesel increase and the stock market will fall?
In this story, through questions and answers, they understand the whole matter in easy language …
Question 1: Why has the prices of crude oil rise?
Answer: Israel carried out air strikes on Iran on 12 June 2025. These attacks were targeted by Iran’s atomic and ballistic missile programs.
After this, oil prices jumped up completely. Actually, Iran is the third largest oil producer in the world and most of its oil goes to China.
Iran’s geological position is also very important – it is on the northern edge of the Strait of Hormuz. This is the way from where oil is supplied to countries like Saudi Arabia, Kuwait, Iraq.
If Iran gets angry and blocked this route, then 20% of the world’s oil supply may be stuck.
Question 2: How much has oil prices rise?
answer: As soon as the news of the attack came, the price of Brent crude oil rose by 10% to about $ 78 per barrel. The US West Texas Intermediate (WTI) also climbed 10% to cross $ 74.
Question 3: What will be the effect on the common man?
answer: If the prices of crude oil are increased for a long time, then oil marketing companies will have to increase the prices of petrol and diesel. This can also make transport, food and drink items, and other items expensive. If the war is prolonged, inflation will increase further. Investors are also suffering from falling stock market.
Question 4: Why is the stock market down due to the fall of crude?
answer: Increasing oil prices means inflation will increase. This affects the economy of oil importing countries. Investors are afraid that if the oil becomes expensive then the cost of companies will increase, profits will decrease.
This led to the Indian stock market falling more than 1%. Japan’s Nikkei 225 index also fell 1.3% and Hong Kong’s Hang Seng index fell 0.7%. Wall street was closed at the time of the attack, but futures trading indicated that the US market could also fall over 1%.
Question 5: Why did Israel do this?
answer: Israel says that the attack was “pre-MP” i.e. already for protecting. Israeli PM Benjamin Netanyahu said that Iran’s nuclear program and missile program are a big threat to him. He targeted Iran’s Natanj Nuclear Site and several big military officers. Netanyahu believes that it is necessary to stop Iran from making nuclear weapons, otherwise it will be late.
Question 6: What are the rest of the world doing?
answer: The US made it clear that it was not involved in this attack. President Trump said that he does not want war. On the other hand, countries like Saudi Arabia are ready. They have a pipeline system up to Red C. If the straight of hormuz is closed, the supply of oil remains.
China’s largest oil buyer is China. The worshiper is also a large oil reserve, which can work for a few weeks.
Question 7: What will be the effect of Iran’s answer on crude oil?
answer: There was no big statement from Iran yet, but Iran can take revenge. He can block the Straight of Hormuz. Or he can attack Israel or American bases. If this happens, oil prices can also cross $ 100.
Question 8: What is going to happen next?
answer: Everything depends on what Iran does. If he retaliates, stress will increase further. If both countries come to the conversation table, then the matter may be calm. This stress is not limited to Israel and Iran only. This will affect the economy of the whole world.
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