Brent: Limited reaction to US–Iran strikes – MUFG

FXStreetJun 10, 2026 12:55 PM

View all comments（0）



MUFG’s Hardman and Lockhart report that Brent Oil prices have shown a muted response to renewed US–Iran military exchanges, trading near recent lows after briefly dipping below USD 90 per barrel. They argue that market pricing reflects confidence that geopolitical fallout will be contained, even as Iran vows to respond to any attacks or threats.

Geopolitical tensions but subdued Brent pricing

"The main development overnight was the announcement from the US that it has carried out retaliatory military strikes against Iran."

"The choice of language suggests that the U.S. is seeking to contain the renewed confrontation with Iran."

"The initial market response to renewed military strikes between Iran and the US has been relatively muted suggesting confidence that the fallout will be contained."

"The price of Brent crude oil continues to trade close to recent lows after briefly falling back below USD90/barrel yesterday."

"Iran’s Foreign Minister Abbas Araghchi posted on social media that they “will leave no attack or threat unanswered”."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

What Is an AI Bubble? Why Investors Are Worried

TradingKey - Since late March, the US stock market has staged a strong rally. As of June 15, the Nasdaq Composite Index recorded a cumulative gain of 28%, the S&P 500 Index rose 18.8%, and the Dow Jones Industrial Average gained 14%. Entering June, the market experienced a notable correction during the release window for core macroeconomic data, with the technology sector leading the decline. Following the release of US non-farm payroll data on June 5, the Nasdaq Composite fell over 4% in a single day; after the CPI data was released on June 10, the Nasdaq recorded another single-day drop of over 2%. This long-awaited deep correction has once again reignited market discussions about the "AI valuation bubble," a hot topic from late last year. So, what exactly does the frequently mentioned AI bubble refer to?

2026 Silver Price Forecast: US-Iran Conflict May End, Can Silver Return Above $100 This Year?

TradingKey - Recently, after testing the $62.00 level again, silver prices (XAGUSD) continued to rebound on expectations of US-Iran peace talks, briefly surging to $70 this week. As of the European session on June 17, silver prices consolidated around $69.60. However, technical analysis shows a double-bottom pattern on the weekly chart, which may support a continued rise in silver prices.

US Stocks Close: Nasdaq Rises 1.91%, Philadelphia Semiconductor Index Rises Over 6% to Record High, SpaceX Rallies Late to Erase Intraday Losses

TradingKey - On June 18, Eastern Time, the U.S. officially lifted its naval blockade on Iran, boosting market investment sentiment. The three major indices all closed higher, with technology stocks leading the gains. At the close, the Dow Jones Industrial Average rose 0.14% to 51,564.70 points; the Nasdaq Composite Index gained 1.91% to 26,517.93 points; and the S&P 500 Index rose 1.08% to 7,500.58 points.

June Fed Decision Delivered: Rates Held Unchanged but Dot Plot Significantly Raised, 9 Back Continued Rate Hikes in 2026.

TradingKey - On June 17, Eastern Time, the Federal Reserve's latest interest rate decision statement indicated that it chose to hold rates steady at this policy meeting, maintaining the federal funds rate in the 3.50%–3.75% range, while keeping the monetary policy framework of ample reserves in the banking system unchanged. The interest rate dot plot released alongside this Fed rate decision sent a clear hawkish signal. The median rate in the dot plot was recorded at 3.8%, a significant upward revision from the March projection of 3.4%.

SpaceX Stock Forecast: SPCX Falls From $225 to $206 as Former Nasdaq Chief Warns It’s Not Trading on Fundamentals

TradingKey - SpaceX SPCX hit an intraday high of $225.64 on June 16 before pulling back to $205.96. Former Nasdaq CEO Robert Greifeld says SPCX trades on aspiration, not fundamentals. RKLB joins Nasdaq-100 in 5 days. Fib target $222.80.

Featured Tools