Commodities: Oil Spikes With No U.S.-Iran Resolution In Sight
Oil prices have spiked amid ongoing geopolitical tensions between the U.S. and Iran, with no resolution in sight to ease concerns over supply disruptions in the Persian Gulf. Market sentiment has shifted from earlier optimism to growing anxiety about potential interruptions to crude oil supplies. The uncertainty has also boosted demand for safe-haven assets such as gold-backed ETFs.
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