🌍 US–Iran Tensions Drive Oil & Gold Surge (Feb 28, 2026)
📌 Latest Developments
- Geopolitical Context: Rising military posturing between the US and Iran, stalled nuclear negotiations, and fresh sanctions have triggered safe‑haven demand.
- Gold: Prices surged as investors sought safety. MCX gold futures climbed to ₹1,60,399 per 10g (+0.43%). Globally, gold touched $5,000/oz in intraday trading.
- Silver: MCX silver futures jumped 3.05% to ₹2,67,600/kg.
- Oil: Brent crude forecasts revised upward, averaging $63.85/barrel in 2026, with war premium adding ~$1.50 per barrel. Spot oil prices spiked ~3.7% this week.
- Volatility Index (OVX): Crude oil volatility index surged to 64.68 (+8.16%), reflecting heightened risk.
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⚖️ Market Implications
- Safe‑Haven Assets: Gold and silver are rallying as investors hedge against geopolitical risk.
- Energy Markets: Oil prices are climbing on fears of supply disruption from the Gulf.
- Investor Sentiment: Risk premiums are rising across commodities, while equities show caution.
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