Oil prices rise on report that Israel may attack Iran’s nuclear sites

Commodities Corner

Last Updated: May 20, 2025 at 11:31 p.m. ET
First Published: May 20, 2025 at 10:19 p.m. ET

An Israeli F-16 jet takes off from the Ovda airbase in the Negev Desert near Eilat, southern Israel, in 2014. Photo: Getty Images

Crude oil prices rose Tuesday night, following a report that Israel is gearing up for a possible strike against Iran’s nuclear facilities.

CNN, citing multiple U.S. officials, reported that the U.S. has obtained intelligence suggesting Israel is making preparations, including munitions movements and air exercises, for a potential airstrike on Iranian nuclear sites.

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