Oil prices are going up – level 2

Oil prices are going up

17-06-2025 07:00

Oil prices went up fast after Israel said it attacked Iran. The price of Brent oil rose over 10%. People who buy and sell oil are worried about the conflict between Israel and Iran. They think it could stop oil from leaving the Middle East.

A lot of oil travels through a narrow waterway near Iran. If the fight damages oil areas in Iran, prices may go even higher. A similar price jump happened in 2022 when Russia attacked Ukraine. Saudi Arabia is watching and may give more oil to help.

More expensive oil makes many things cost more. Gasoline, food, and other products can become more expensive. Many companies are losing money now because they are afraid of what will happen next.

Difficult words: conflict (a fight or war), waterway (a river or sea path for ships), gasoline (petrol).

You can watch the original video in the Level 3 section.

What outcome do oil traders fear could result from the conflict between Israel and Iran?

LEARN 3000 WORDS with NEWS IN LEVELS

News in Levels is designed to teach you 3000 words in English. Please follow the instructions
below.

How to improve your English with News in Levels: 

Test

  1. Do the test at Test Languages.
  2. Go to your level. Go to Level 1 if you know 1-1000 words. Go to Level 2 if you know 1000-2000 words. Go to Level 3 if you know 2000-3000 words.

Reading

  1. Read two news articles every day.
  2. Read the news articles from the day before and check if you remember all new words.

Listening

  1. Listen to the news from today and read the text at the same time.
  2. Listen to the news from today without reading the text.

Writing

  1. Answer the question under today’s news and write the answer in the comments.

Speaking

  1. Choose one person from the Skype section.
  2. Talk with this person. You can answer questions from Speak in Levels.

 

Stock images by Depositphotos