Oil prices surged after Israel's attack on Iran, but the global market for the commodity is forecast to remain well-supplied until 2030

Stock indexes and Treasury yields end the week little changed.

Global benchmark Brent crude oil is up around 20% so far in June, and set for its biggest monthly jump since 2020 as Israel-Iran tensions flare-up. Although relatively contained, the rise has not gone unnoticed just three years after Russia's invasion of Ukraine triggered a surge in energy prices that ramped up global inflation and sparked aggressive interest rate hikes.