Today, the world welcomed a positive piece of news after a month of intense tensions in the Middle East conflict.
Iran has agreed to a one-month ceasefire deal with the US and Israel and has entered into negotiations, with the main conditions being the complete dismantling of its nuclear program in exchange for the US lifting international sanctions and providing support for civilian nuclear development.
This news has stirred the markets, and gold prices immediately rebounded by more than $200, returning to the $4,600/ounce level.
According to announcements, Iran is also believed to have offered the US a highly valuable concession related to energy transfer through the Strait of Hormuz.
This development has significantly reduced oil-related risks, causing oil prices to drop sharply to around $86 per barrel.
As a result, the conflict is now approaching its conclusion, with a victory for the US–Israel side. In the short term, markets are expected to stabilize, gold may continue rising toward the $5,000/ounce level, and oil prices are likely to fall back below $80 per barrel.
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