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Why Oil Is Surging and Gold Isn’t (Yet)
The Iran war’s impact on oil and gold has defied every expectation. Gold is supposed to surge in wartime. That’s the script — especially when the Iran war is driving oil prices higher and rattling global markets. When the U.S. and Israel struck Iran on February 28, it did — briefly. Prices jumped from $5,296 to $5,423 per ounce in days. Then they dropped more than 6% by March 3, even as bombs were still falling. Two weeks in, with the Strait of Hormuz effectively closed and oil above $100 a barrel, gold is trading in a $5,050–$5,200 range. Sideways. Unimpressed. chart So what’s going on? The short ... (full story)
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Many Countries, especially those who are affected by Iran’s attempted closure of the Hormuz Strait, will be sending War Ships, in conjunction with the United States of America, to keep the Strait open and safe. We have already destroyed 100% of Iran’s Military capability, but it’s easy for them to send a drone or two, drop a mine, or deliver a close range missile somewhere along, or in, this Waterway, no matter how badly defeated they are. Hopefully China, France, Japan, South Korea, the UK, and others, that are affected by this artificial constraint, will send Ships to the area so that the Hormuz Strait will no longer be a threat by a Nation that has been totally decapitated. In the meantime, the United States will be bombing the hell out of the shoreline, and continually shooting Iranian Boats and Ships out of the water. One way or the other, we will soon get the Hormuz Strait OPEN, SAFE, and FREE! President DONALD J. TRUMP
TRUMP ON NAVY ESCORTS THROUGH STRAIT OF HORMUZ: IT WILL HAPPEN SOON Trump: US and Israel goals in Iran might be slightly different. Trump: War will continue as long as necessary.
From northernminer.com | Mar 13, 2026
Gold slipped below $5,100 an oz. on Friday, heading towards a second consecutive weekly drop, as high energy prices stemming from the Middle East war continue to drive high-interest expectations. Spot gold fell as much as 1% to about $5,020 an oz., before recovering some losses. Silver, meanwhile, was hit harder, down almost 5% and just holding the ...
