First Takes From UBS, Goldman Desks On Energy Impacts After Israeli Airstrikes Against Iran

Israel's overnight airstrikes on Iranian nuclear and military sites have sent shockwaves through global energy markets, driving the entire forward curve for crude oil higher - most sharply at the front end - as traders brace for potential supply disruptions. Freight rates also spiked amid rising concerns over maritime security, with fears of Iranian retaliation threatening critical maritime chokepoints like the Strait of Hormuz in the Gulf region.

Earlier, UBS analyst Dominic Ellis commented on the impact Israel Defense Forces strikes on Iran had on global crude markets: