Oil price today June 5, 2026: Brent crude ~$95/barrel. WTI ~$91/barrel. US-Iran ceasefire uncertain as both sides exchange revised proposals. Iran-Israel military exchanges renew. Strait of Hormuz traffic partially restored. India petrol Rs 111.21/L. Diesel Rs 97.83/L. LPG Rs 912.50. US crude inventories: -7.974 Mn barrels (6th consecutive weekly decline). Bull scenario: $100-110 if Hormuz blockaded. Bear scenario: $75-80 if formal ceasefire signed. Full analysis on Univest.