Oil Climbs Above $79 as Fresh US-Iran Strikes Revive Hormuz Supply Risks
Oil rose 4% above $79 as US-Iran strikes revived fears over Hormuz supply risks, boosting geopolitical risk premiums despite no shipping disruption.
Stay up to date with market headlines
Commodities • View all news
Oil rose 4% above $79 as US-Iran strikes revived fears over Hormuz supply risks, boosting geopolitical risk premiums despite no shipping disruption.
Gold fell below $4,100 as US-Iran tensions raised oil prices, boosting inflation and rate-hike fears, reducing gold's safe-haven appeal.
The Baltic Dry Index rose 1.4% to 2,910 Thursday, a one-month high, as capesize rates surged 2% to 4,569 and panamax rates gained 0.4% to 2,253.
Gold rebounded above $4,100 per ounce Thursday as the dollar softened, while HSBC trimmed its 2026 average price forecast to $4,560 from $4,864.
Zinc futures rose to $3,590 per tonne, near a four-year high, as smelter outages in Kazakhstan and Peru tighten global supply while Shanghai inventories fall.
Gold fell 0.1% to $4,100/oz, its lowest in a week, as Brent surged to $79 after US airstrikes rattled Gulf energy markets.
China producer prices rose 4.1% YoY in June 2026, fastest since July 2022, as Middle East tensions drove commodity and energy costs higher.
China's central bank recorded its largest monthly gold reserve build in over two and a half years in June, as official-sector demand for the metal remains robust.
Chile's trade surplus jumped to $3.3B in June, its largest since January, as copper exports rose 17.6% and lithium carbonate surged 208%.
Crude climbs above $69 after new attacks on commercial shipping near the Strait of Hormuz renew concerns over global supply disruptions.
Track markets in real time—from precious metals and equities to macro releases. Each headline is paired with source links and concise context so you can move from scan to action fast.
نحن وشركاؤنا الموثوقون نستخدم ملفات تعريف الارتباط وتقنيات مشابهة لتحسين تجربتك في التصفح، وتحليل حركة المرور، وتخصيص المحتوى والإعلانات، وفهم كيفية تفاعل الزوار مع موقعنا.
بالنقر على «قبول الكل»، فإنك توافق على تخزين ملفات تعريف الارتباط على جهازك ومعالجة بياناتك الشخصية (مثل معرّفات الجهاز وسلوك التصفح وموقعك الجغرافي) لأغراض التحليل والإعلانات وتحسين الأداء.
قد تتم مشاركة البيانات مع مزودي خدمات التحليل والإعلانات (مثل Google Analytics وGoogle Ads وشبكات تسويق أخرى) وقد تُنقل خارج بلدك لضمان تقديم الخدمات بالشكل المناسب.
.لمزيد من المعلومات، يُرجى قراءة
سياسة ملفات الارتباط وسياسة الخصوصية
.
We and our trusted partners use cookies and similar technologies to enhance your browsing experience, analyze site traffic, personalize content and advertisements, and understand where our visitors come from.
By clicking “Accept All”, you consent to the storage of cookies on your device and the processing of your personal data (such as device identifiers, browsing behavior, and location data) for analytics, advertising, and functionality purposes.
Data may be shared with our analytics and advertising service providers (such as Google Analytics, Google Ads, and other marketing networks) and may be transferred outside your home country to ensure proper delivery of these services.
To learn more, please read ourCookie Policy and Privacy Policy.