Crude oil prices spiked sharply in early Asian trading on Friday after Israel launched a large-scale military assault on Iran, amplifying fears of a broader conflict in the Middle East that could disrupt global energy flows.

As of 9:22 p.m. ET, July Brent crude contracts surged 8.5% to $75.15 per barrel—marking the highest level since early February. U.S. West Texas Intermediate (WTI) futures followed suit, rising 8.4% to $73.68 per barrel.

Middle East Flashpoint Sends Oil Soaring

The surge in oil prices came in the wake of what sources described as a preemptive Israeli airstrike targeting Iranian military and nuclear sites. Explosions rocked parts of Tehran as Iran’s air defense systems were reportedly activated across the capital.

Israeli Defense Minister Israel Katz issued a stark warning following the strikes, signaling that the country expected an imminent retaliatory assault involving drones and missiles aimed at civilian areas.

U.S. Not Involved, Says Washington

Despite the scale of the attack, U.S. officials told Reuters that the United States had no direct role in the operation, clarifying that the Israeli military acted independently. Meanwhile, CNN reported that former President Donald Trump had called an emergency cabinet meeting in response to the rising geopolitical tensions.

Markets React to Potential Supply Disruptions

Oil traders responded swiftly, pricing in the risk of supply disruptions should the conflict escalate or draw in neighboring countries. The Strait of Hormuz, a critical chokepoint for global oil shipments, lies at the heart of the region and would be especially vulnerable in a sustained military confrontation.

Analysts warn that if tensions continue to rise or lead to infrastructure damage, crude output and transportation from key oil-producing nations could be significantly impacted, adding pressure to already volatile energy markets.