Energy prices surge, stocks and gold fall amid escalation

✍ Middle East Eye 📅 05 May 2026 👁 6 views 🌐 UC News

Energy prices surge, stocks and gold fall amid escalation Oil prices surged by about 5% after reported attacks on ships near the Strait of Hormuz raised fears of supply disruptions. Brent crude futures rose 4.98%, while US West Texas Intermediate crude climbed 3.05%, reflecting heightened concerns over global energy flows linked to tensions involving Iran

Oil prices surged by about 5% after reported attacks on ships near the Strait of Hormuz raised fears of supply disruptions.

Brent crude futures rose 4.98%, while US West Texas Intermediate crude climbed 3.05%, reflecting heightened concerns over global energy flows linked to tensions involving Iran.

At the same time, spot gold fell 1.88% and silver dropped 3.05%, while US stock indices declined, pointing to broader market volatility.

Original Source

This article was published by Middle East Eye. Read the full original story at the source:

Read Full Article ↗