WTI
+2.14%
93.44
WTI
93.44
A reported shootdown of a U.S. drone over the Strait of Hormuz signals a direct military incident in a key oil transit corridor. This raises concern about the safety of shipping through the strait, a route oil markets watch closely for supply disruption risk.
XAU/USD
-0.13%
4,399.50
XAU/USD
4,399.50
A direct military incident between Iran and a U.S. asset near a key oil transit route raises the risk of further escalation. This adds to the geopolitical tension already supporting gold as a safe haven.
Key drivers
Key drivers