Brent crude futures surged more than 5% Monday June 1 to around $96/bbl on the Iranian suspension of communications and the threat to fully close the Strait of Hormuz and activate the Bab al-Mandeb - before paring on Trump's truce announcement.
Provenance — node opacity = source trust
- Evidence Strength
Strong- Evidence Observed At
- Jun 1, 2026 · 8:00 PM UTC
- Citation
- https://www.bloomberg.com/news/articles/2026-06-01/oil-holds-gains-us-futures-slip-on-war-confusion-markets-wrap
- Citation Source
bloomberg- Market Metric
Session Percent Move- Observed Value
- 5