[MARKET ANALYSIS] Oil prices gained as US conducted a sixth consecutive night of strikes on Iran, targeting infrastructure, including an airport, railway station and bridges
Newsquawk Staff ·
WTI/Brent: WTI Aug'26 +1.2% / Brent Sep'26 +1.0%
- Oil prices gained overnight following the prior day's choppy performance and as the US continued its strikes on Iran for the 6th consecutive evening, in which it targeted Iranian infrastructure, including an airport, railway station and bridges.
Gold: +0.3%
- Attempts to nurse losses after recently slipping beneath the USD 4,000/oz level alongside a firmer buck.
Copper: -1.4%
- Extended on yesterday's declines amid the negative risk appetite and tech sell-off.
- US President Trump on Iran, says may do it a little bit further
- CRUDE WRAP: WTI (Z6) SETTLES USD 2.32 HIGHER AT 99.47/BBL; BRENT (Z6) SETTLES USD 4.35 HIGHER AT USD 113.17/BBL
- US President Trump called Musk and asked him to lift Ukraine Starlink (SPCX) restrictions, WSJ reports
- Ukraine President Zelensky says Ukraine is ready for peace talks at G20, but so far no such invitation
- An Israeli military official told Channel 12 that here is no reason to launch an attack on Iran before the elections; If we detect preparations in Iran for an attack, we will act
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