Oil surges, gold tumbles as Middle East hostilities raise supply fears

🌐 Times of Oman (OM) —
Oil surges, gold tumbles as Middle East hostilities raise supply fears

AI Summary

Oil prices surged due to escalating hostilities in the Middle East, particularly Iran's retaliatory attacks against Gulf states following US strikes. These events threaten energy shipments through key maritime routes like the Strait of Hormuz, raising global supply concerns.

MUSCAT: Oil prices jumped as Iran escalated its attacks on Gulf states in retaliation for US strikes, threatening energy shipments through the Strait of...

Security Conflict Politics Markets Commodities Energy Shipping oil prices Middle East hostilities Iran attacks Gulf states energy shipments Strait of Hormuz supply fears

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