U.S.-Iran tensions escalate, WTI crude oil rises over 3% at open, approaching $74

According to Gate data, Iran announced the closure of the Strait of Hormuz over the weekend, while the U.S. launched two strikes on Iran in the early hours of Monday, escalating tensions between the two nations. At Monday's open, WTI crude oil rose over 3%, approaching $74 per barrel; spot gold fell below the $4,100 mark, dropping nearly 0.8%; spot silver declined over 2%, trading at $58.65 per ounce; Nasdaq futures slipped 0.4%; the U.S. dollar index DXY strengthened by more than 10 points, and 10-year U.S. Treasury futures fell by 5 points.