Rising Oil, Dollar, and Gold Prices Amid Escalating Tensions in the Middle East

The oil and gas markets have experienced a strong surge as the conflict in the Middle East escalates, amid fears of potential disruptions in energy supplies. Brent crude jumped by 8.7% to reach $79.18 per barrel, while gold and dollar markets recorded notable increases.

The Eurasia Group warned that oil prices could quickly reach $100 if disruptions in the Strait of Hormuz continue, pointing to the impact of tensions on the energy structure in the region, which includes major global producers.

Analysts expect Iran to seek to raise the cost of energy resources to pressure the United States, just a few months before the U.S. midterm elections, increasing risks to global market stability.