1. Brent and WTI crude oil prices surged over 9% following the US announcement of a maritime blockade against Iran and reports of Houthi attacks on a Saudi airport.
2. Fed Governor Waller expressed concerns about elevated core inflation and indicated a potential need for a rate hike if inflation data remains hot.
3. Spot gold prices sharply dropped 3% below $4,000, marking its first dip below this level since July 1st.
Oil Surges Amid Iran Blockade, Fed Signals Rate Hike, Gold Falls Below $4k
