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The drums of war are sounding for oil and gold today
Yesterday oil and gold prices sank after Iran's foreign minister had an upbeat take following meetings with US officials but today a leak is sending the opposite signal. • WTI crude oil is up $2.18 to $64.51 • Gold is up $121 to $4998 The gains -- and a US dollar rally -- have been driven in part by persistent reports of a buildup of military hardware in Iran. Axios also reports today with a report "Trump moves closer to a major war with Iran." It says that the Trump administration and Israel may be on the verge of a major military conflict with Iran, potentially within days or weeks. It says a US-Israeli ... (full story)
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- Feb 18, 2026 9:27am Posted byFundamental Analysis244
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