New Delhi, June 14 -- Crude oil prices jumped over 7% on Friday as Israel - Iran conflict raised worries of a wider disruption in oil exports from the Middle East.

Brent crude oil futures gained $4.87, or 7.02%, to settle at $74.23 a barrel after earlier soaring over 13% to an intraday high of $78.50, the strongest level since January 27. For the week, Brent oil prices rallied 12.5%.

US West Texas Intermediate crude ended $4.94, or 7.26%, higher at $72.98 a barrel. During the session, WTI oil jumped over 14% to $77.62, its highest since January 21. WTI climbed 13% to its level a week ago.

Both benchmarks recorded their largest intraday moves since 2022, when Russia's invasion of Ukraine triggered a spike in energy prices.

Israel said ...