PORTALBERITA.CO.ID - Global crude oil prices experienced a significant upward movement on Wednesday, June 10, 2026, jumping by nearly US$2 per barrel. This surge followed a stern warning from US President Donald Trump regarding severe military engagement should a peace agreement with Iran fail to materialize.
Brent crude futures settled at US$93.10 per barrel, marking an increase of 1.8 percent in trading. Concurrently, US crude futures rose by 2 percent, closing the day at US$90.03 per barrel, reflecting heightened market apprehension.
Market anxieties intensified after an exchange of fire occurred overnight between US and Iranian forces, representing the most serious escalation since an April ceasefire agreement. This instability immediately put upward pressure on energy costs across international markets.
Slight price moderation occurred just before the market closed following an announcement by President Trump regarding a covert US military operation. This operation successfully escorted vessels carrying over 100 million barrels of oil safely out of the critical Strait of Hormuz waterway.
Further military action involved a precision strike executed by the US military against a vessel transporting Iranian oil in the Gulf of Oman that was reportedly non-compliant with international directives. This incident resulted in three Indian seafarers being reported as missing.
During a White House briefing, President Trump directly connected the naval activity to maintaining market stability, following a demand he issued via social media for Tehran to advance peace negotiations.
The President explicitly stated that crude oil prices would otherwise be vastly higher, asserting, "crude would otherwise be “at US$250” instead of “US$85-US$90 a barrel,” adding that Teheran would have to “pay the price,” as stated by Donald Trump, US President.
Market analysts observed that this renewed geopolitical friction has successfully reintroduced significant volatility into energy trading, effectively reversing recent trends of stabilization witnessed in the markets.
Phil Flynn, senior analyst at the Price Futures Group, commented on the market's reaction, noting, "Oil prices have shifted from anxiety to apathy and back again amid renewed skirmishes between the US and Iran."
