Oil prices are rising due to Trump's warnings about Tehran, sparking fears of escalation

From Investing.com: 2025-06-17 03:09:00

Oil prices are rising again after Trump’s evacuation call for Tehran, contradicting previous hopes that the Israel-Iran conflict would stay contained. The market fears a potential blockade of the Strait of Hormuz, which could lead to soaring prices. European gas prices are also on the rise, with concerns about disruptions in LNG trade through the strait.

Gold prices are moving higher as Trump’s warning on Tehran boosts safe-haven buying. Geopolitical tensions in the Middle East continue to drive uncertainty in the market. Gold ETFs have seen significant inflows, with SPDR Gold Shares experiencing its largest inflow in weeks. The upcoming US Federal Reserve meeting will be closely watched for interest rate decisions.



Read more at Investing.com: Oil Prices Climb as Trump’s Tehran Warning Fuels Escalation Fears