Iran's Foreign Minister Abbas Araghchi said that the current situation in the Strait of Hormuz makes it “clear that there’s no military solution to a political crisis”.

Iran attacked the United Arab Emirates (UAE) with a barrage of missiles and drones after the United States (US) launched a major operation to wrest control of the Strait of Hormuz, Reuters reported on Monday.

Crude Oil came roaring back on Monday, with both major benchmarks tearing out of last week's dip on a wave of fresh geopolitical anxiety.

Gold price tumbles more than 2% on Monday as tensions in the Middle East pushes the Greenback higher, while US Treasury yields soar sharply as investors discount no interest rate cuts by the Federal Reserve in 2026.

Western Texas Intermediate (WTI), the US crude oil benchmark soars sharply more than 3% amid an ongoing escalation in the Middle East, as Iran launched attacks on the United Arab Emirates, while sources cited by CNN in Dubai said that they expect attacks on Iran by the US and Israel in the next 24 h

BNY’s Bob Savage highlights that Oil remains driven by conflicting forces, with U.S. escort plans in the Strait of Hormuz initially knocking prices lower before renewed attacks lifted them again.

Silver (XAG/USD) starts the week on a negative note, trading around $73.50 at the time of writing, down 2.41% on Monday. The white metal is facing profit-taking amid a strengthening US Dollar (USD) and rising US Treasury yields.

Gold (XAU/USDS) kicks off the week under pressure, hovering near one-month lows as hawkish interest rate expectations continue to weigh on the non-yielding metal amid ongoing tensions in the Middle East. At the time of writing, XAU/USD is trading around $4,560, down nearly 1.10% on the day.

OCBC strategists Sim Moh Siong and Christopher Wong highlight that Brent briefly topped USD126 as the Strait of Hormuz closure and inventory drawdowns tightened supply, but optimism on a US–Iran deal has recently weighed on prices.

Gold (XAU/USD) accelerates its downtrend in Monday’s European session, trading right below $4,550 at the moment of writing, with bears aiming for last Thursday’s lows, right above $4,500.

Crude Oil prices gathered bullish momentum in the European session on Monday on news pointing to a further escalation of the conflict in the Middle East.

Silver prices (XAG/USD) fell on Monday, according to FXStreet data. Silver trades at $74.49 per troy ounce, down 1.13% from the $75.35 it cost on Friday.

OCBC strategists Sim Moh Siong and Christopher Wong describe Gold as consolidating after rebounding from 4510, with high Oil prices still complicating the inflation–Fed outlook.

Danske Research Team underlines that the US–Iran conflict and closure risks in the Strait of Hormuz are heavily impacting energy markets. US gasoline prices have surged nearly 50% since hostilities began, and higher Oil prices are pressuring global bond yields and inflation expectations.

Crude prices appreciate again on Monday despite US President Donald Trump’s pledge to rescue Hormuz vessels. The US benchmark West Texas Intermediate (WTI) barrel trades at $99.40 at the time of writing, about $3 up from the daily opening price of $96.46.

ING analysts Warren Patterson and Ewa Manthey say the Oil market has stabilised after a volatile week driven by concerns over Persian Gulf disruptions and the expiry of the ICE Brent Jun-26 contract.

Gold prices fell in India on Monday, according to data compiled by FXStreet.

Gold (XAU/USD) attracts some sellers during the Asian session on Monday, though it lacks bearish conviction and shows some resilience below the $4,600 mark.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – rebounds following a bearish gap opening to the $96.45 area on Monday, though it sticks to modest intraday losses through the Asian session.

Gold price (XAU/USD) trades with mild losses around $4,605 during the early Asian trading hours on Monday. Traders will closely monitor the developments surrounding the ongoing geopolitical tensions. Federal Reserve (Fed) Bank of New York President John Williams is set to speak later on Monday. 

Efforts to mediate an end to the Iran war persisted as the war in Iran entered its third month, and US President Donald Trump hinted that Tehran’s latest peace proposal might not be enough to satisfy him, Bloomberg reported on Sunday.

Ebrahim Azizi, a former commander in Iran's Islamic Revolutionary Guards Corps (IRGC) and current head of the parliamentary National Security and Foreign Policy Committee, said that any US interference in the new maritime regime of the Strait of Hormuz will be considered a violation of the ceasefire

Gold (XAU/USD) prints back-to-back days of gains, up over 0.50% as the US Dollar extends its losses amid Japan’s intervention in the market, while news that Iran submitted a new proposal drove oil prices lower.

United States Baker Hughes US Oil Rig Count up to 408 from previous 407

West Texas Intermediate (WTI) crude Oil eases on Friday, trimming part of the strong gains registered earlier this week as renewed diplomatic efforts to end the US-Iran war lift market sentiment.

Silver (XAG/USD) trades around $76.00 on Friday at the time of writing, up 3.05% on the day, supported by renewed demand despite a macroeconomic backdrop that remains challenging for non-yielding assets.

Gold (XAU/USD) edges lower on Friday, heading for a second straight weekly decline as higher-for-longer interest rate expectations continue to dominate price action amid rising inflation concerns driven by elevated Oil prices.

West Texas Intermediate (WTI), futures on NYMEX, trades calmly around $102.25 during the European trading session on Friday. The Oil price has turned flat after an almost two-week-long rally hit a pause near $107.35 on Thursday.

Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $73.20 per troy ounce, down 0.76% from the $73.76 it cost on Thursday.

Silver price (XAG/USD) trades flat at around $73.70 during the European trading session on Friday.