Oil and gold prices have surged to high levels against the backdrop of military escalation in the Gulf region.
Reuters reported this Monday that Brent crude oil prices surged by 10.9%, touching $82 per barrel for the first time since June 23, 2025.
The agency reported that Brent crude prices are in a steady rise as tensions escalate in the Gulf region and crude oil shipments face disruptions.
Gold prices also rose by 2%, reaching $5,330 per ounce, according to Reuters’ figures.
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