Ice Brent rose in early Asian trading on continued unrest in the Middle East, as the US launched strikes against Iran after it shot down a US helicopter.
The Ice front-month August Brent contract was at $91.94/bl at 04:00 GMT, higher by 49¢/bl from its settlement on 9 June when it ended $2.80/bl lower.
The Nymex front-month July crude contract was at $88.61/bl, up by 41¢/bl from its settlement on 9 June when it ended $3.10/bl lower.
The US forces began launching "self-defense" strikes at 5pm ET (21:00 GMT) on 9 June, and will keep its mission "proportional" to the Iranian attack, said the US Central Command (Centcom), which oversees the Middle East-based US forces.
US president Donald Trump earlier on 9 June ordered the Pentagon to retaliate against Iran following what he said was the downing of a US Army Apache helicopter near the coast of Oman by Iran. The two crew members were safe, according to Centcom.
Iran's foreign ministry and the Islamic Revolutionary Guard Corps (IRGC) issued statements on the same day that appeared to disavow direct responsibility for the downing of the US military helicopter.
Elsewhere, the European Commission is proposing to pause adjustments to the oil price cap above which Russian crude and products are subject to EU sanctions, according to commission president Ursula von der Leyen.
The measure forms part of a new sanctions package that also adds 30 Russian "shadow fleet" vessels to port access and transaction bans.
US crude supply and demand in 2026 will be comparable to previous projections, but the global outlook saw notable downward revisions as the US-Iran war continues, the US Energy Information Administration (EIA) reported on 9 June.
Ice Brent rose in early Asian trading on continued unrest in the Middle East, as the US launched strikes against Iran after it shot down a US helicopter.
The Ice front-month August Brent contract was at $91.94/bl at 04:00 GMT, higher by 49¢/bl from its settlement on 9 June when it ended $2.80/bl lower.
The Nymex front-month July crude contract was at $88.61/bl, up by 41¢/bl from its settlement on 9 June when it ended $3.10/bl lower.
The US military carried out retaliatory strikes on targets in Iran after Iran shot down a US military helicopter patrolling the strait of Hormuz earlier on 9 June.
The US forces began launching "self-defense" strikes at 5pm ET (21:00 GMT) on 9 June, and will keep its mission "proportional" to the Iranian attack, said the US Central Command (Centcom), which oversees the Middle East-based US forces.
US president Donald Trump earlier on 9 June ordered the Pentagon to retaliate against Iran following what he said was the downing of a US Army Apache helicopter near the coast of Oman by Iran. The two crew members were safe, according to Centcom.
Iran's foreign ministry and the Islamic Revolutionary Guard Corps (IRGC) issued statements on the same day that appeared to disavow direct responsibility for the downing of the US military helicopter.
Elsewhere, the European Commission is proposing to pause adjustments to the oil price cap above which Russian crude and products are subject to EU sanctions, according to commission president Ursula von der Leyen.
The measure forms part of a new sanctions package that also adds 30 Russian "shadow fleet" vessels to port access and transaction bans.
US crude supply and demand in 2026 will be comparable to previous projections, but the global outlook saw notable downward revisions as the US-Iran war continues, the US Energy Information Administration (EIA) reported on 9 June.
By Rhalain Reyes