Oil prices are leaping, and stocks are falling Friday on worries that Israel’s attack on Iranian nuclear and military targets could escalate further and damage the flow of crude around the world, along with the global economy.

The EIA said oil output would decline by 50k b/d YoY in 2026 to 13.37m b/d. Meanwhile, the European Commission is proposing a ban on refined product imports made from Russian crude oil.

The international benchmark Brent crude oil price is expected to fall to about $60 per barrel by the end of the year and average about $59 per barrel in

Global oil investments are expected to drop 6% in 2025, in the first such decline in a decade excluding the year of the Covid slump, according to the International Energy Agency.

The Indian rupee weakened to 86.20 per dollar due to rising crude oil prices following Israeli strikes on Iran, but closed at 86.08/$1 after likely RBI intervention. Brent crude surged to $75 per barrel,

Shares in airlines across the world fell after Israel's strikes on Iran ratcheted up tensions in the Middle East, and [pushed up oil prices](

The May 2025 issue of the Wyoming Insight is available at the state of Wyoming's Economic Analysis Division website, ai.wyo.gov/divisions/economic-analysis. The Wyoming Insight serves as an energy ind