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Oil prices surge after the US bombs Iran
Iran is a key oil producer and controls the vital Strait of Hormuz
Oil prices surge after the US bombs Iran
Graphic Artist: Busra Ozturk, Senior Producer: Miraç Tapan / TRT World
June 23, 2025

As Israeli and US strikes hit Iran, a key oil producer that controls the vital Strait of Hormuz, oil prices have swung wildly for over a week amid uncertainty about Tehran’s next move.

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