Business, Finance, Gold, silver, Stocks
Oil prices surged following U.S. and Israeli strikes on Iran, triggering market volatility. The dollar and gold rose as stocks initially fell but later stabilized, reflecting investor responses to heightened geopolitical tensions.
By William Collins, consultant in stock markets – Eurasia Business News, March 2, 2026. Article no 2042
Oil prices surged after U.S. and Israeli strikes on Iran showed signs of sparking a widening conflict across the Middle East, started by the strikes on Iran on February 28 morning.
The U.S. dollar and Swiss franc rallied amid a broad investor flight to safety. Gold futures rose around 1.2%.
Stocks fell sharply at the open, only to quickly pare losses on Monday morning. The Dow Jones Industrial Average and S&P 500 edged lower, while the Nasdaq composite clung to a small gain.
By late morning/around lunchtime, reporting indicated that the Dow was roughly flat to slightly down while the tech‑heavy Nasdaq was up about 0.2–0.3%, having recovered from losses of more than 1% earlier in the session.
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Futures for Brent crude oil, the global energy benchmark, rose 6.7%, fueled by fears of a protracted closure of the key Strait of Hormuz corridor and attacks on Mideast energy infrastructure.
European gas prices surged, getting an extra boost after the world’s largest liquefied natural-gas producer halted output.
Gold was trading around the mid‑5,300 to mid‑5,400 dollars per ounce range on March 2, reflecting a sharp safe‑haven bid during the Iran crisis. Silver prices were around 90 dollars per ounce that day, also elevated alongside gold as investors moved into precious metals.
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© Copyright 2026 – Eurasia Business News. Article no. 2042
Founded in 2017, Eurasia Business News is an independent platform where are published articles on economy, finance, geopolitics, tax and legal issues in Europe, America and Asia. Our goal is to bring new and valuable insights to business leaders, policymakers, scholars and citizens. Articles are published in both English and French. Premium content is available for monthly subscribers. View all posts by Eurasia Business News
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