Iran’s Revolutionary Guards said naval mines had prevented three tankers from passing through the Strait of Hormuz, and traders assessing Middle East supply risks pushed oil prices higher.
Copper is up 15.8% year to date and more than 30% over the past 12 months, while gold futures are down 4.11% and 4.52% respectively over the same periods. Investors attribute the shift to AI, grid and defence demand, tight supply and US tariff-driven stockpiling.
[Flash] Oil Prices Slide as US-Iran Peace Deal Hopes Reduce Supply Risk Premium International oil prices fell sharply on Monday as progress in US-Iran peace negotiations reduced geopolitical risk premiums, BBC and Al Jazeera reported. Markets anticipate that a deal would significantly lower the risk of shipping disruptions in the Strait of Hormuz. For weeks, fears of blocked passage through the strait had kept oil prices elevated. Traders are now repricing that risk. Analysts note that oil could face further downside pressure if the agreement is formally signed. Asian equities rose on the back of lower energy costs. ...
Oil Prices Surge After US-Iran Exchange in Strait of Hormuz International crude prices jumped sharply following military exchanges between the US and Iran in the Strait of Hormuz. The strait is the world’s most critical oil shipping chokepoint, handling approximately one-fifth of global petroleum supply. Any threat to shipping directly impacts international oil markets. Traders reacted quickly, with Brent and WTI crude futures surging on the news. Energy sector stocks rose in tandem, while safe-haven assets like gold also gained. ...