Oil prices on world markets are sharply declining for the second day in a row and are already at the levels that preceded 13 June, the day when the active phase of the armed confrontation between Israel and Iran began.
The benchmark Brent grade is losing about four dollars, showing a decline of five and a half per cent to below $68 a barrel.
Russia’s Urals grade is trading at less than $61 a barrel, the price of real deals with actual oil deliveries usually lower by a few dollars more.
Israel began bombing Iran on 13 June. The stated targets of the airstrikes are facilities related to Iran’s nuclear programme, buildings of security agencies, as well as nuclear scientists and high-ranking military officers. According to the latest official data from the Iranian authorities, the victims of the attacks were 224 people, most of whom Tehran calls civilians.
Israel recalls that in 2024, Iran twice carried out massive ballistic missile and drone strikes on the territory of Israel – on 13 April and 1 October. A series of missile strikes were also carried out by Iran after 13 June. Twenty-five civilians were killed in Israel, including a Ukrainian family of five, including three children.