Commodity Watch — Jul 17, 2026, 12:00 UTC

Transcript

Crude Oil surged over 2% today, hitting $80.16 a barrel. This move is directly tied to escalating geopolitical tensions. Reports of a Hormuz blockade and military strikes sent oil futures soaring. Headline news cites an earlier 9% surge amidst Gulf region instability. OPEC+ production cuts add further upward pressure. Gold, the ultimate safe haven, also saw a modest gain. It edged up 0.19% to $3,999.8. Investors seek refuge from uncertainty, fearing wider conflict. Broader market sentiment reflects this fear. The Fear & Greed Index sits at 27, firmly in "Fear" territory. Even Bitcoin briefly dipped amid Iran missile strikes. Industrial metals like Copper show weakness. Copper fell 2.07% to $6.211. This suggests concerns about global economic growth. Geopolitics dictates commodity prices right now. Stay informed with rawfin.tv.