Oil Prices Stable Amid US-Iran Escalation
World oil prices remained unchanged on Wednesday (June 10, 2026), despite the latest clash between the United States and Iran raising market concerns. Brent for August delivery was recorded at $91.40 per barrel, while US WTI was stable at $88.19 per barrel. Both had risen slightly in Asian trading following recent attacks in the Middle East.
Earlier in the day, oil had fallen around 3%, hitting a seven-week low. Investors appeared cautious in responding to the military escalation, given that the shock to global oil supply was still temporary. According to Vital Knowledge analysts, the relatively calm price movement indicates the market views this clash as a "bump in the road to peace" rather than a major disruption.
Iran launched attacks on US military bases in Jordan and several Gulf states in retaliation for US attacks on Iranian facilities following the Apache helicopter incident. Meanwhile, Israel continued its attacks in southern Lebanon targeting Iranian-backed Hezbollah militants. This escalation has the potential to undermine progress in peace negotiations that had been agreed upon after pressure from President Donald Trump.
Despite this, the market appears more focused on the prospect of a US-Iran peace deal that could reopen the Strait of Hormuz. This strategic waterway is key to approximately 20% of global oil supply, which has been cut off since the conflict broke out. Investor sentiment remains buoyed by hopes that the ceasefire and peace negotiations will hold.
Newsmaker Analysis: With Brent currently trading at $92, the market remains volatile despite heightened tensions. Fundamentals indicate that global demand remains strong, while supply through the Gulf is constrained. Therefore, Brent has the potential to fluctuate between $90 and $94 in the coming sessions, depending on developments regarding the ceasefire and military decisions in the region.
Sumber: Newsmaker.id
