20 Hrs
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وكالة مدار نيوز
Oil dips as gold gains after Trump halts Iran strike
Reports indicated that oil prices fell by more than $4 per barrel after U.S. President Donald Trump postponed an military strike on Iran, leading to a rise in gold prices. This came after strong gains in oil prices last month, exceeding 20%, due to escalating tensions between the United States and Iran and attacks targeting oil tankers in the region. Trump confirmed that Iran and several other countries requested a short delay to reach an agreement to open the Strait of Hormuz, easing concerns of military escalation. Meanwhile, gold prices increased by 0.7% as tensions eased, supported by the possibility of reaching an agreement to reduce regional tensions, while markets monitored important data on U.S. employment and monetary policy expectations.
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