Commodities

USOIL jumps after the US President deemed Iran's counterproposal unacceptable, dousing hopes for a peace deal and raising fears of an escalation in the conflict.

USOIL softens as the US aims to free ships stranded in the region, but the blockade remains in place while uncertainty around a resolution to the conflict lingers.

The UAE’s exit highlights weakening OPEC unity, reducing its control over oil supply and pointing to a more volatile market where geopolitics, not coordination, increasingly drives prices.

XAU/USD rises as the risk of immediate escalation is removed after President Trump extended the ceasefire, renewing hopes for an eventual deal.

The two countries resorted to gunboat diplomacy, souring sentiment over the ceasefire, prospects of an agreement and the reopening of the Strait of Hormuz.

USOIL rises and XAU/USD drops after President Trump said military objectives are near completion, but the US will hit Iran hard over the next two to three weeks.

XAU/USD faces fresh pressure as hopes for a conclusion to the Middle East conflict fade, inflationary risks linger and the US dollar regains its strength.

USOIL drops as President Trump said he will postpone strikes on Iran's oil infrastructure, creating optimism for an end to the conflict that has sparked an energy shock.

USOIL stays firm as the President issues an ultimatum for the Strait of Hormuz opening while Iranian officials threaten fresh strikes on energy infrastructure.

XAU/USD continues to face difficulties this week as the greenback has emerged as the safe haven of choice, but bullion's structural demand drivers don't go away.