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Oil and Gold Prices Surge Amidst Middle East Conflict Concerns

Published March 13, 2026, 12:02
Oil and Gold Prices Surge Amidst Middle East Conflict Concerns

Oil prices remain high, nearing $100 a barrel, while gold is rising as concerns about the Middle East conflict and its impact on the global economy intensify. Markets are under pressure, with investors worried about a potential new surge in inflation due to rising energy prices. The crisis has already caused a roughly 60% increase in European natural gas prices. Brent is trading at $100.30 a barrel and American crude WTI at $95.37, levels significantly higher than at the beginning of the year. The market is concerned about a prolonged crisis and potential disruption to energy flows through the Strait of Hormuz, through which a significant portion of global oil and natural gas trade passes. International markets are negatively affected, with Asian stocks falling, the dollar strengthening as a safe haven, and expectations for interest rate cuts from the Fed being revised. Analysts estimate that tensions in the region will continue to cause high market volatility, with increased energy costs and pressures on global growth. Furthermore, concerns are growing due to threats of escalation of the conflict and a possible blockade of the Strait of Hormuz, which would further burden the global economy. The situation is being closely monitored by investors, who are seeking safe havens, such as gold, which rose 0.4% to $2,330 per ounce.