Tensions in the Middle East unexpectedly flared up again as the US launched further airstrikes targeting Iranian military targets near the Strait of Hormuz. Washington claimed these were acts of "self-defense" following attacks on maritime activity in the region.
It is noteworthy that this development occurred just hours after President Trump declared that negotiations with Tehran were showing positive signs. This indicates that the ceasefire between the two sides remains very fragile and the risk of military escalation has not disappeared.
📉 The market reacted immediately:
• Gold fell by more than 1%
• Silver plunges more than 3%
• Crude oil edged higher after news of new airstrikes emerged.
Investors are closely monitoring the Strait of Hormuz as it is the shipping route for nearly 20% of the world's oil. Just one further escalation of tensions could cause significant volatility in the oil, stock, and crypto markets.
