S9/10Geopolitical

Oil prices edge higher after strikes on Israel test ceasefire

Iran said the attacks, its first since an April ceasefire, are the start of "a full week" of strikes

08 Jun 2026, 00:49 UTCSource: BBC WorldOriginal 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

  • Increased rhetoric from Iranian officials regarding future attacks; Israeli defense ministry confirms increased military activity in the region.
Horizon: 10–20 days
B
Status quo12% model probability

Confirmation indicators

  • Increased rhetoric from Iranian officials regarding future attacks; Israeli defense ministry confirms increased military activity in the region.
Horizon: 10–20 days
C
De-escalation5% model probability

Confirmation indicators

  • Increased rhetoric from Iranian officials regarding future attacks; Israeli defense ministry confirms increased military activity in the region.
Horizon: 10–20 days