When geopolitical tensions flare up in key regions like the Middle East, markets react fast—oil and gold (seen as safe havens) spike, while stocks often drop. This isn’t just about traders panicking; higher oil prices can trickle down to everyday costs like gas and shipping, affecting wallets worldwide. So, even if the conflict feels distant, its economic ripples are very real.

Brent crude up more than 10% amid escalation of conflict in Middle East, while stock markets fall<ul><li><a href="https://www.theguardian.com/business/live/2025/jun/13/oil-surges-stock-markets-dollar-airlines-israel-attack-iran-business-live">Business live – latest updates</a></li></ul>The price of oil and gold has soared and stock markets have fallen after <a href="https://www.theguardian.com/world/2025/jun/13/israel-strikes-iran-nuclear-program-netanyahu">Israel’s strikes against targets in Iran</a>.The escalation of the conflict in the Middle East, the focal point of global oil production, prompted a sharp increase in prices, with Brent crude up more than 10% after news of the attacks broke, reaching its highest level since January. <a href="https://www.theguardian.com/business/2025/jun/13/oil-and-gold-prices-soar-after-israel-attacks-on-iran">Continue reading...</a>

Oil and gold prices shot up dramatically following Israel's recent attacks on Iran, with Brent crude oil jumping over 10%. Meanwhile, stock markets took a hit as investors reacted to the escalating tensions in the Middle East.

Oil and gold prices soar after Israel’s attacks on Iran

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