Market Analysis

[MARKET ANALYSIS] Oil prices gained amid the 11th consecutive night of US-Iran strikes, while Trump also threatened to hit Iran's Pickaxe Mountain soon

StockNow breaking-news AI analysis

Oil and gold prices surged as the US-Iran conflict reached its 11th night, fueled by Trump's threat to strike the Pickaxe Mountain nuclear facility and reports of infrastructure damage.

News detail

WTI/Brent: WTI Sep'26 +1.0% / Brent Sep'26 +1.6%Oil prices extended on gains as the geopolitical situation in the Middle East continues to escalate, with the 11th consecutive night of exchange of US-Iran attacks, while US President Trump also threatened that the US would strike Iran's underground nuclear facility at Pickaxe Mountain soon and very heavily.Gold: +1.0%Steadily ascended as Asia-Pac trade got underway and with further momentum seen as prices breached through the USD 4,100/oz level.Copper: -0.3%Takes a breather following the prior day's advances and with the pullback cushioned by the mostly positive risk sentiment.

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