7 Hrs
Source:
عين ليبيا
Markets Reassess Middle Eastern Risk
Oil prices declined today, Tuesday, while gold prices increased, as diplomatic developments between the United States and Iran unfold, aiming to de-escalate tensions in the Gulf. West Texas Intermediate crude futures fell by 0.88%, reaching $82.50 per barrel, while Brent crude futures decreased by 0.85% to $88.46. Conversely, gold prices rose by 1.53% to $4,077.40 per ounce in futures contracts, and spot prices increased by 1.73%, driven by easing economic concerns and expectations of reduced diplomatic tensions. Current mediation efforts between the U.S. and Iran are expected to result in a 10-day ceasefire, potentially alleviating fears over energy supplies and impacting global oil and metals prices.
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