S9/10Geopolitical

Oil Steady as Israel and Iran Halt Hostilities That Risked Talks

Oil steadied after Israel and Iran agreed to end attacks against each other following an escalation of violence that threatened to derail efforts to end the war in the Middle East.

08 Jun 2026, 22:07 UTCSource: Bloomberg MarketsOriginal source

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⚠️ This is a probabilistic forecast, not a guarantee. Accuracy is measured only on resolved scenarios; monitor confirmation indicators below.
A
Escalation83% model probability

Confirmation indicators

  • A significant escalation of violence between Israel and Iran, including direct military action or the use of long
  • range missiles, is confirmed by reputable news sources. A sharp increase in regional tensions measured through diplomatic disputes or increased sanctions imposed on both countries.
Horizon: 7–30 days
B
Status quo13% model probability

Confirmation indicators

  • A significant escalation of violence between Israel and Iran, including direct military action or the use of long
  • range missiles, is confirmed by reputable news sources. A sharp increase in regional tensions measured through diplomatic disputes or increased sanctions imposed on both countries.
Horizon: 7–30 days
C
De-escalation5% model probability

Confirmation indicators

  • A significant escalation of violence between Israel and Iran, including direct military action or the use of long
  • range missiles, is confirmed by reputable news sources. A sharp increase in regional tensions measured through diplomatic disputes or increased sanctions imposed on both countries.
Horizon: 7–30 days