US-Iran escalation pushes oil higher, Fed hike odds rise
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Middle East tensions lift crude oil and European gas prices
Crude oil and diesel cracks strengthened while European gas hit its highest level since 2023 as Middle East escalation intensified and Persian Gulf LNG export recovery expectations faded. Energy-sensitive currencies like NOK and RUB may see modest support, but the market is currently fixated on Fed rate expectations and Friday's PMI data; this story has limited near-term FX traction.
https://think.ing.com/articles/the-commodities-feed-further-escalation-pushes-the-energy-complex-higher020926/Brent Crude Targets $102 on Iran Supply Risk; Gold Retreats Below $4,300
Iran escalation is lifting Brent toward $102 via supply concerns, while gold cracks below $4,300 as rising rate expectations outweigh geopolitical safe-haven demand. Higher oil prices fuel inflation expectations, pushing real yields higher and reducing bullion's opportunity cost appeal. The rate channel is currently dominating gold's directional bias.
https://www.actionforex.com/action-insight/market-overview/652590-iran-escalation-pushes-brent-toward-102-as-gold-cracks-4300/New to MyTradingLand?
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