Up or down: Where are Oil prices heading next in June? [Video]

What a difference a week makes. 

Monday began with bout of optimism after President Donald Trump announced that the U.S and Iran had reached a landmark preliminary peace deal. His message was short, direct and market-moving: “Ships of The World, Start Your Engines. Let The Oil Flow. 

Within hours, Brent Crude and WTI plunged from their conflict highs as traders rushed to price in the reopening of the Strait of Hormuz and the return of uninterrupted Energy flows through the world’s most important shipping lane. 

But that optimism did not last. 

Just five days later, Oil is surging back to multi-month highs after negotiations over a permanent peace agreement in Switzerland were postponed amid renewed regional tensions. Iran has now declared that ships cannot cross the Strait of Hormuz without its permission and has warned that future “insurance fees” may be introduced. 

To the untrained eye, this looks like chaos. To seasoned macro traders – this presents an unmissable money-making opportunity. 

“This is the Golden Age of Trading,” says Lars Hansen, Head of Research at The Gold & Silver Club. “The speed, volatility and scale of moves in Crude Oil right now are unlike anything most traders have ever seen. Those who understand the setup – and know how to capitalize on it – have the potential to become 2026’s next millionaires and billionaires.” 

The market is making one thing very clear: cheap Oil may not stay cheap for long. 

Every dip is being bought aggressively because the physical supply backdrop remains dangerously tight. U.S Commercial Crude inventories are under pressure. Cushing, Oklahoma – the key delivery hub for WTI – is close to operational stress levels after repeated weekly drawdowns. Strategic reserves are heavily depleted, leaving policymakers with limited firepower if another supply shock hits.

That is the real story. 

A peace headline can move prices lower for a few hours. But it cannot refill inventories, reposition tankers, restart production, repair supply chains or restore confidence across global shipping lanes overnight. 

“The biggest mistake traders can make is assuming a political announcement solves a physical supply crisis,” Hansen says. “Oil does not move by press release. It moves by barrels, tankers, refineries and demand. Right now, that physical market is still screaming bullish.” 

This is why the current setup is so powerful. 

According to proprietary data tracked by The Gold & Silver Club, as much as 14 million barrels per day of supply has been constrained at different points during the conflict. With global demand near 103 million barrels per day, even a partial disruption creates a major imbalance – especially as the Northern Hemisphere enters peak consumption season. 

The Strait of Hormuz remains the most important pressure point in global Energy markets. 

Even if the preliminary deal survives, reopening Hormuz is not a light switch. Shipping lanes must be secured. Insurance markets must reprice risk. Tankers must return. Producers must ramp output. Refineries must rebuild confidence in delivery schedules. 

That process could take months, if not years. 

Meanwhile, Iran’s threat to control passage and impose future fees adds a new layer of geopolitical risk. Any payment structure connected to sanctioned entities could discourage major operators, keep insurance premiums elevated and leave the market exposed to another violent upside shock. 

“Traders waiting for perfect clarity may miss the move,” Hansen says. “By the time the headlines confirm what the physical market is already telling us, Oil prices could be much higher.” 

This is why Wall Street is calling the current environment the ‘Golden Age of Trading’.

“It's during times like these, when fortunes are made. The asymmetry of risk-reward in Crude Oil right now is staggering. A single, well-timed trade can generate what it used to take months – sometimes years – to achieve, in a single day.” 

“2026 has become the year of buy low, sell high – rinse and repeat,” Hansen says. “When Oil goes on sale in this geopolitical environment, you have to move fast because prices do not stay cheap for long.” 

That message could define the rest of June. 

Wall Street forecasts already point to a sizeable third-quarter supply deficit, with WTI and Brent potentially averaging in the $90 to $100 range over the summer. But if negotiations fail, Hormuz risks intensify or inventories fall further, the upside could be far more explosive than consensus expects. 

For traders who missed the first explosive Oil surge, June may be offering a second chance. 

But that window may be closing fast. 

The setup is rare: depleted inventories, fragile diplomacy, constrained supply, peak seasonal demand, rising geopolitical risk and a market that is still underpricing how difficult it will be to normalize Energy flows. 

Oil does not need a full-scale crisis to break higher. It only needs one delay, one tanker disruption, one insurance shock or one failed negotiation to ignite the next leg up. 

“In markets like this, hesitation is expensive,” Hansen says. “The biggest opportunities usually appear before the majority accepts the obvious. That is exactly where Oil is right now.” 

Crude Oil is no longer a side trade. 

It is becoming the dominant macro trade of 2026 and potentially one of the most powerful wealth-creation opportunities of this decade. 

The Golden Age of Trading is officially here. 

The only question now is whether you seize the opportunity before the greatest wealth creation opportunity of 2026 leaves you behind. 

Where are prices heading next? Watch The Commodity Report now, for my latest price forecasts and predictions: