The United States launched attacks on three nuclear sites in Iran on Saturday, June 21, President Donald Trump announced on Truth Social, as the Israel-Iran war entered the second week. Trump said the U.S. had achieved a "spectacular military success" in bombing three Iranian nuclear sites on June 21.

The Israeli Air Force ( IAF) achieved air superiority over western Iran and Tehran in 48 hours and has not lost any aircraft. There have been strikes on scientists and their labs and on the Natanz uranium-enrichment plant,

To get a better sense of what’s driving the oil market and what economic risks might lie ahead, MM caught up with Rory Johnston, an oil market analyst at research service Commodity Context who’s been following all of this closely.