On June 16, Brent crude futures rose 26 cents to $83.42 per barrel and WTI crude rose 46 cents to $81.12 per barrel, following a nearly 5% drop the previous day. CNA reported statements from Donald Trump and Iranian President Masoud Pezeshkian regarding a memorandum of understanding tied to conflict involving the U.S., Israel, and Iran, along with details on the Strait of Hormuz and output disruptions. CNBC noted a record Dow close and little-changed stock futures.