Oil markets reacted to reports that the United States carried out a strike on Iran’s strategic Qeshm Island, sending West Texas Intermediate (WTI) crude up 1.05% to $97.47 a barrel and Brent crude to $105.72, a 0.91% gain. Gold slipped 0.96% to $3,908.64 per ounce, while silver fell 3.83% to $48.94 per ounce. Copper slid 3.02% to $6.369 per pound, and aluminum dropped 1.43% to $3,050.15 per ton. Natural gas prices edged higher, rising 1.19% to $2.890 per MMBtu. The uptick in energy prices reflects heightened market volatility amid escalating geopolitical tensions in the Middle East.
The broader market saw modest movements, with the main equity indices hovering near their recent highs. Investors remain cautious as the situation unfolds, watching for further developments that could impact supply dynamics and risk sentiment across commodity and currency markets.