Middle East Escalation Sends Oil Up 7 Percent, Safe Haven Flows Lift Gold Above $4,050
WTI crude surged more than 7 percent near $85 after the US and Saudi Arabia launched strikes against Iran-backed groups in Iraq following attacks on Saudi energy facilities, while Iran targeted US forces in Jordan. Gold rose around 0.7 percent near $4,056 on safe haven demand and dollar weakness.
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Nictick — educational context
Geopolitical supply shocks typically move oil first, then flow into oil-linked currencies, safe havens like gold, JPY and CHF, and risk sentiment across crypto. Volatility around such headlines is event driven, not structural.