You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence World News Latest Features World Americas EMEA Asia/Pacific Home News & Features World Oil Jumps As U.S. Resumes Airstrikes In Iran - But Bloomberg Says Markets Look "Well Supplied" Oil Jumps As U.S. Resumes Airstrikes In Iran - But Bloomberg Says Markets Look "Well Supplied" by Ship & Bunker News Team Wednesday June 10, 2026 Tweet Follow @shipandbunker Meanwhile, U.S. military is credited for moving over 100 barrels of oil through the Strait of Hormuz: File Image/Pixabay  The extreme see-saw sentiment influencing oil trading since the U.S./Iran war began saw investors on Wednesday cause a 2 percent jump  in prices, as hopes of continued diplomacy between the two countries all but collapsed and U.S. president Donald Trump promised to attack the Islamic republic “very hard” if a peace deal wasn’t reached. Indeed, towards the end of the session U.S. airstrikes against Iranian targets commenced , a development almost sure to sustain the upwards trajectory of oil for the remainder of the week, if not longer; explosions were heard in Sirik , Qeshm Island , Minab , and Isfahan . Brent settled up $1.65 , or 1.8 percent , at $93.10 per barrel, and West Texas Intermediate settled up $1.83 , or 2 percent , at $90.03 per barrel. “ At the moment the market is trying to find some equilibrium Wael Sawan, chief executive officer of Shell Regarding the relatively benign price rises of the commodity overall, Trump earlier in the session told media that the U.S. military recently executed a “secret mission” in the Strait of Hormuz , escorting over 200 ships through the waterway and ensuring that over 100 million barrels of oil were delivered to global markets: “That’s why [oil] is at $85-$80 a barrel instead of $250 .” W