Section
Commodities
Commodities
Brent crude back above $100 as US-Iran clash resumes in Strait of Hormuz
Brent crude settled near $100.06 a barrel on Thursday after fresh fighting between US and Iranian forces in the Strait of Hormuz unwound a one-day rally on ceasefire hopes, with WTI ending near $93.60 and traders rebuilding the war-risk premium they had pared 24 hours earlier.
By Reza Najjar
Commodities
Silver tops $80 as gold runs to $4,742 on US-Iran memorandum and softer payrolls bid
Spot silver pushed above $80 an ounce on Thursday and gold reached $4,742 in New York after fresh reporting of a US-Iran diplomatic memorandum sent crude lower and pulled the dollar back. The gold-silver ratio compressed from 62.5 to 61 in two sessions.
By Reza Najjar
