Trump: Iran conflict 'will not be long'
Trump says the Iran conflict will end soon, but oil prices remain high. WTI crude is up $2.76 at $102.75.
Gold, crude oil, industrial metals and agricultural products: supply and demand, inventories and geopolitical risk.
Trump says the Iran conflict will end soon, but oil prices remain high. WTI crude is up $2.76 at $102.75.
Shipping ETFs like BWET have soared since the US-Iran war began, with only about four such funds in the US, though a peace deal would likely hurt them.
Trump announces that Ukraine and Russia have both agreed to avoid attacking each other's energy targets, causing oil prices to drop.
Crude oil bullish as technicals and fundamentals align; price nears $105 after drone attack on Saudi pipeline.
Attacks damaged the Saudi east-west pipeline, expected to take 3-5 weeks to repair, tightening oil markets and pushing WTI to $104.95.
Silver holds above $63 support despite a hawkish Fed outlook and surging oil, with the FOMC decision and Middle East tensions as key risks.
Gold prices have fallen below $4,300, with a break of technical support levels potentially triggering a deeper selloff before the Fed decision.
Oil rises as Saudi pipeline closure and postponed Hormuz talks worsen supply fears, with technical levels and catalysts ahead.
Gold rallied on Friday despite higher inflation, testing $4,300 support. Rate hike bets and oil prices remain key; FOMC decision ahead.
Oil prices climbed after Saudi pipeline attacks and a drop in Hormuz traffic, keeping inflation worries in focus before the Fed decision.
Oil opened with a gap higher and held, as Saudi pipeline damage threatens exports. Goldman Sachs now expects a Fed rate hike.
Crude oil climbed on supply disruptions while crypto and metals declined ahead of the Fed decision.
CICC raised its Brent forecast to $85 and warned that oil above $100 could start to dent demand.
Trump administration wants future Iran talks to center on nuclear program, not Hormuz, per CNN sources; Oman meeting postponed, leaving regional diplomacy key.
Tanker confirmed hit by projectile in Hormuz Strait; Iranian cargo vessel reportedly attacked with casualties. Diplomacy stalled after Saudi pipeline damage.