[MARKET ANALYSIS] Oil futures rebounded following Iran's surprise attack on a US base in Jordan
Oil prices surged due to Iranian tanker seizures and US-Saudi strikes, while gold holds above $4,000 amid Fed uncertainty and Warsh's ambiguous policy stance.
News detail
WTI/Brent: WTI Sep'26 +4.2% / Brent Oct'26 +3.8%Oil prices rallied as geopolitical tensions escalated after Iran launched missiles at a US base in Jordan, although CENTCOM announced that all missiles were effectively intercepted. It was later reported that the US and Saudi Arabia conducted joint strikes on Iranian-backed militia targets in Iraq, while the IRGC announced it seized three tankers in the Strait of Hormuz.Gold: FlatLacks direction with the precious metal contained above the USD 4,000/oz level amid Fed-related uncertainty.Copper: -0.5%Mildly declined as sentiment gradually soured overnight.
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