Oil and gold prices have risen significantly due to rising tensions between the US and Iran.
The price of Brent oil rose to $71–72 per barrel, reaching its highest level in seven months.
This increase reflects market concerns about the possibility of escalating conflicts and supply disruptions in one of the world's most important oil trade routes, the Gulf of Hormuz, through which a large portion of global oil exports pass.
Meanwhile, the price of gold surpassed $5200 per ounce, reaching new all-time highs. Investors appear to be seeking to protect their capital by investing in safe assets, such as gold, due to the uncertainty of rising geopolitical tensions.
In this situation, the US has imposed a 25 percent tariff on countries doing business with Tehran, and has also expanded the range of import taxes on various products.
These measures add a geopolitical risk "premium" to the market, making the situation more unpredictable for global markets and directly affecting energy and precious metals prices.
Overall, the rise in oil and gold prices reflects market concerns about political stability and the potential economic impacts of the US-Iran conflict, adding to the pressure on investors and global economies. /Telegraph/
