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US-Iran tensions escalate, WTI crude oil surges over 3% at the open, approaching $74

2026-07-12 23:50

Odaily Planet Daily News According to Gate data, Iran announced the closure of the Strait of Hormuz over the weekend, and the United States struck Iran twice in the early hours of today, escalating US-Iran tensions. At the Monday open, WTI crude oil surged over 3%, approaching $74 per barrel; spot gold fell below the $4,100 mark, dropping nearly 0.8%; spot silver fell over 2% to $58.65 per ounce; Nasdaq futures fell 0.4%; the US dollar index DXY strengthened by more than 10 points, and 10-year US Treasury futures fell by 5 points.