Oil, food, metals and gold — Iran war hits major commodity markets simultaneously

Oil, food, metals and gold — Iran war hits major commodity markets simultaneously

Malay Mail Online - Money·2026-03-10 05:00

SINGAPORE, March 9 — Oil prices surged around 25 per cent on Monday to their highest since mid-2022, with Brent on track for a record one-day gain, while gold fell 2 per cent ‌as an escalating Iran war squeezed world energy supplies, boosted the dollar and dampened hopes of ​interest-rate cuts.

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