Asian stocks gain, Brent Crude steadies near $94 after Israel and Iran agree to halt attacks- Daily Market Update 9th June 2026
Oil prices steadied on Tuesday after Israel and Iran agreed to halt attacks against each other, reducing fears of a broader escalation that could have further disrupted global energy supplies. Brent crude traded near $94 a barrel after ending the previous session marginally higher, while US benchmark West Texas Intermediate hovered above $91 a barrel.
Bullions counter may trade on lower path as gold edged lower on Monday, extending losses from the previous session on U.S. rate-hike concerns, while renewed hostilities in the Gulf pushed oil prices higher, fanning inflation concerns.
Crude oil above 99 following Israeli military retaliatory strikes on Iran after attacks on northern Israel- Daily Market Update 8th June 2026
Crude oil prices surged on Monday after Iran launched several rounds of missiles toward Israel, raising fears that a fragile ceasefire in the Middle East could unravel and further disrupt energy supplies from the region. Brent crude jumped above $99 a barrel. The rally added to volatility in energy markets that have been driven largely by geopolitical developments rather than underlying supply-demand fundamentals.
Bullions counter may trade on volatile path as gold prices edged lower on Friday, and were set for a weekly loss, as tensions in the Middle East dampened hopes for a U.S.-Iran peace deal amid rising inflation and rate-hike fears. Gold (Aug) can move in range of 158000-159000 while silver can move in range of 256000-264000.