Brent crude prices have surged around 10 per cent amid escalating tensions in the Middle East following ongoing military confrontation between Iran and the United States after the killing of Iran’s Supreme Leader Ayatollah Ali Khamenei. Brent crude rose to as high as USD 78.52 per barrel, marking a sharp rise in prices as markets

Oil prices rose sharply on Monday as US and Israeli attacks on Iran and retaliatory strikes against Israel and US military installations around the Gulf sent disruptions through the global energy supply chain. Traders were betting the supply of oil from Iran and elsewhere in the Middle East would slow or grind to a halt.

Gold and silver price jumped sharply on Monday amid broad risk-off sentiment, with investors across global markets turning to safe-haven assets Gold and silver prices jumped sharply after US and Israeli military strikes on Iran triggered a broad risk-off sentiment across global markets, pushing investors toward safe-haven assets and sending crude oil surging nearly 9

According to Bloomberg, the conflict widened after Tehran retaliated with waves of missiles aimed at multiple targets. The strikes hit Israel along with American military bases in Qatar, the UAE, Kuwait, and Bahrain. Iran’s supreme leader, Ayatollah Ali Khamenei, was reportedly killed on the first day of strikes. The development added yet another layer of