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Oil prices have risen to their highest levels in six weeks, supported by tensions between the United States and Iran following American airstrikes on Iran, which have heightened fears of supply disruptions—especially as Israel's threats against Iran escalate. Brent crude futures increased by 1.1% to around $96.70 per barrel, while West Texas Intermediate crude previously surpassed $93, amid expectations of ongoing gains due to concerns over potential disruptions in Gulf supplies. In this context, the decline of the dollar and U.S. Treasury yields has boosted gold's attractiveness, with prices jumping to approximately $4,476 per ounce. The dollar index also fell to its lowest level in eight sessions. Meanwhile, the market is approaching the end of a period of continuous gains, with investors closely watching the upcoming U.S. employment report to gauge the future course of interest rate hikes.
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