Crude Oil Prices Surge Following U.S. and Israel's Attack on Iran

On April 20, 2026, immediately after former President Donald Trump announced the detention of Iranian vessels, crude oil prices experienced a sharp rise. This event highlights the significant fluctuations in the energy market following the U.S. and Israeli attack on Iran on February 28. As a major oil producer in the Middle East, any reduction in Iran's production capacity could substantially impact international crude oil prices. Moreover, the tensions between Iran and Western countries are escalating, suggesting that the instability in the energy market is likely to persist. Experts warn that if this situation is not resolved in the short term, it could have adverse effects on the global economy. In response, governments and international organizations are now working on formulating countermeasures.