US-Iran Conflict Sparks Volatile Oil Market Amid Energy Secretary's Deleted Tweet

The ongoing US-Iran conflict has caused significant volatility in global energy markets, with oil prices experiencing sharp fluctuations. A deleted tweet from US Energy Secretary Chris Wright, which falsely claimed the US Navy had successfully escorted an oil tanker through the Strait of Hormuz, intensified market instability. The tweet's removal added to investor uncertainty amid the geopolitical tensions, impacting oil, diesel, and gasoline futures worldwide. This event highlights the fragile state of energy markets influenced by geopolitical conflicts and communication missteps from key officials.

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- CC on ETFsCC on ETFs
  ·03-12 17:31
  Middle East War: Where Are Gold and Silver Headed?
  Since the outbreak of the US–Iran war on February 28, the international precious metals market has entered a period of heightened volatility. Gold and silver surged on the day the conflict began as safe-haven demand jumped, but as market sentiment continued to shift afterward, price movements became increasingly choppy and repetitive. From the ETF perspective, precious metals funds broadly declined over the past two days as gold and silver prices turned volatile. Among physical gold ETFs, $SPDR Gold ETF(GLD)$ fell 0.34% in a single day, $Gold Trust Ishares(IAU)$ declined 0.31%, and $Spdr Gold Minishares Trust(GLDM)$ dropped 0.29%. Gold mining equity ETFs saw larger
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  Middle East War: Where Are Gold and Silver Headed?
- CC on ETFsCC on ETFs
  ·03-12 17:31
  Middle East War: Where Are Gold and Silver Headed?
  Since the outbreak of the US–Iran war on February 28, the international precious metals market has entered a period of heightened volatility. Gold and silver surged on the day the conflict began as safe-haven demand jumped, but as market sentiment continued to shift afterward, price movements became increasingly choppy and repetitive. From the ETF perspective, precious metals funds broadly declined over the past two days as gold and silver prices turned volatile. Among physical gold ETFs, $SPDR Gold ETF(GLD)$ fell 0.34% in a single day, $Gold Trust Ishares(IAU)$ declined 0.31%, and $Spdr Gold Minishares Trust(GLDM)$ dropped 0.29%. Gold mining equity ETFs saw larger
  18.79K Comment
  17
  Share
  Report
  Middle East War: Where Are Gold and Silver Headed?

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Middle East War: Where Are Gold and Silver Headed?

Middle East War: Where Are Gold and Silver Headed?