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Oil prices today June 18, 2025: WTI, Brent "rocket" due to Iran-Israel instability

Today's oil and gas prices, June 18, 2025, WTI oil price reached 73.88 USD/barrel, Brent 75.46 USD/barrel, increased sharply on June 18, 2025 due to escalating Iran-Israel tensions.

Báo Quảng NamBáo Quảng Nam18/06/2025

Oil prices today June 18, 2025 WTI, Brent up due to Iran-Israel instability
Oil prices today June 18, 2025: WTI, Brent "rocket" due to Iran-Israel instability

Gasoline price today June 18, 2025 in domestic market

Domestic gasoline prices on June 18, 2025 continued to remain stable according to the latest announcement from the Ministry of Industry and Trade - Finance at 3:00 p.m. on June 12.

Details of retail prices of popular fuels include:

E5 RON92 gasoline: 19,462 VND/liter (up 199 VND compared to the previous period).

RON95 gasoline: 19,967 VND/liter (up 269 VND).

Diesel 0.05S: 17,700 VND/liter (up 280 VND).

Kerosene: 17,511 VND/liter (up 227 VND).

Mazut oil 180CST 3.5S: 16,461 VND/kg (up 283 VND).

Item
Price adjusted on 6/12/2025
(Unit: VND/liter)
Compared to yesterday (June 5, 2025)
Gasoline RON 95-III
19,967 +269
Gasoline E5 RON 92-II
19,462 +199
Diesel 0.05S
17,700 +280
Kerosene
17,511 +227
Fuel oil
16,461 +283

In particular, during this adjustment period, the Joint Ministry decided not to use nor set aside the Price Stabilization Fund for all petroleum products.

Since the beginning of 2025, the domestic gasoline market has recorded 24 price adjustments, with 10 increases, 9 decreases and 5 opposite fluctuations.

Gasoline price today June 18, 2025 on the world market

According to data from Oilprice at 7:30 a.m. on June 18, 2025 (Vietnam time), international crude oil prices recorded a significant increase:

Brent oil: 75.46 USD/barrel, up 3.05% (+2.23 USD).

WTI Oil: 73.88 USD/barrel, up 2.94% (+2.11 USD).

Escalating geopolitical tensions in the Middle East have been a major driver of higher oil prices. Israeli airstrikes on Iranian oil facilities, including the Shahran oil terminal, have raised supply concerns. Iran has also halted production at its South Pars gas field, which it shares with Qatar, following recent attacks.

"Geopolitical tensions are throwing the energy market out of balance. This situation risks becoming a prolonged one, similar to the Russia-Ukraine conflict," said Phil Flynn, an expert from Price Futures Group.

The collision of two oil tankers near the Strait of Hormuz, a waterway through which 20% of global crude oil flows, has raised concerns about disruptions. Electronic interference and maritime incidents have added to market uncertainty.

However, Ole Hansen from Saxo Bank said: "The possibility of the Strait of Hormuz being blocked is very low, because Iran is heavily dependent on oil revenue, and the US also does not want rising oil prices to cause inflationary pressure."

The latest report from the International Energy Agency (IEA) shows:

Global oil demand in 2025 is down 20,000 barrels per day from the previous forecast.

Supply increased by 200,000 barrels/day to 1.8 million barrels/day.

The decline in demand, especially in China and the US, along with the Federal Reserve's interest rate policies, are adding pressure to the oil market.

Source: https://baoquangnam.vn/gia-xang-dau-hom-nay-18-6-2025-wti-brent-boc-dau-vi-bat-on-iran-israel-3156951.html


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