Fueling the Fire: How Israel Iran War Impacted Global Oil Prices

N. Mallika; Metilda Veronica Pais; K. Sanath Kumar; Lokesha; K. G. Radhika; Vishal Samartha

doi:10.2991/978-94-6239-772-9_21

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Fueling the Fire: How Israel Iran War Impacted Global Oil Prices

Authors

N. Mallika¹, Metilda Veronica Pais², K. Sanath Kumar³^{, *}, Lokesha⁴, K. G. Radhika⁵, Vishal Samartha⁶

¹Department of Commerce and Management, Poornaprajna College (Autonomous), Udupi, Karnataka, India

²School of Commerce Finance and Accountancy, St Aloysius (Deemed to be University), Mangaluru, Karnataka, India

³Department of Business Administration, Sahyadri College of Engineering & Management, Mangaluru, Karnataka, India

⁴Government First Grade College, Haleyangady, Karnataka, India

⁵Department of PG studies in commerce, University College, Hampankatta, Mangalore, Karnataka, India

⁶Department of Business Administration, Sahyadri College of Engineering & Management, Mangaluru, Karnataka, India

^*Corresponding author. Email: skanthila@gmail.com

Corresponding Author

K. Sanath Kumar

Available Online 7 September 2026.

DOI: 10.2991/978-94-6239-772-9_21 How to use a DOI?
Keywords: Crude oil prices; Israel Iran war; geopolitical conflicts; global sustainability
Abstract: The 40-year hostility between Israel and Iran took shape of a war once again in the form of Israel Iran conflict which broke out on 13th June 2025 and lasted for twelve days. Crude oil, essential energy input in several countries, is also affected by this battle. The present case study is an attempt to examine and analyse how geopolitical conflict influences crude oil prices with specific reference to Israel-Iran war on oil markets. Event study methodology was applied to get insights on the case. The study also illuminates the impact of war on global sustainability. There are very few studies focused on war and brent crude index. In this context, an attempt has been made to study oil prices in the given scenario. The event date is 13th June 2025. The study has taken 20 days before the event and 20 days after the event. The Brent crude from NYMEX was used. The AAR (Average Abnormal Returns) and CAAR (Cumulative Average Abnormal Returns) were calculated. On the CAAR paired samples t-test was performed. The p value that we obtained from the paired samples t-test was less than the level of significance of 0.05. Therefore, we interpret that the Israel Iran war has impacted the international crude oil prices. The policymakers should increase the crude oil reserves in order to tackle such a probable crisis in future.
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title: Proceedings of the 2nd International Conference on Innovations and Challenges in Financial Technology (ICICFT 2025)
Series: Advances in Economics, Business and Management Research
Publication Date: 7 September 2026
ISBN: 978-94-6239-772-9
ISSN: 2352-5428
DOI: 10.2991/978-94-6239-772-9_21 How to use a DOI?
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

ris enw bib

TY  - CONF
AU  - N. Mallika
AU  - Metilda Veronica Pais
AU  - K. Sanath Kumar
AU  - Lokesha
AU  - K. G. Radhika
AU  - Vishal Samartha
PY  - 2026
DA  - 2026/09/07
TI  - Fueling the Fire: How Israel Iran War Impacted Global Oil Prices
BT  - Proceedings of the 2nd International Conference on Innovations and Challenges in Financial Technology (ICICFT 2025)
PB  - Atlantis Press
SP  - 257
EP  - 267
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-772-9_21
DO  - 10.2991/978-94-6239-772-9_21
ID  - Mallika2026
ER  -

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