Crude Oil Rallies As US-Iran Fail To Agree On A Peace Proposal, Metals Rally; Gold Shines

Crude oil prices jumped as the US and Iran failed to agree to a peace proposal while the Strait of Hormuz remained largely closed. Brent crude futures rallied 3.43% to $104.76 a barrel, while US West Texas Intermediate was at $98.93 a barrel, up 3.68%.


Meanwhile, gold was trading at $4,723 per ounce.

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