WTI crude rose more than 3% at Monday’s open, approaching $74 a barrel, after tensions between the United States and Iran escalated, according to Gate data cited by Odaily. The move followed Iran’s weekend announcement that it would close the Strait of Hormuz and two U.S. strikes on Iran early Monday.
Other major assets also moved at the open. Spot gold fell below the $4,100 level, down nearly 0.8%, while spot silver dropped more than 2% to $58.65 an ounce. Nasdaq futures slipped 0.4%. The U.S. Dollar Index (DXY) gained more than 10 points, and 10-year U.S. Treasury futures fell 5 points.
The report framed the cross-asset moves as part of a broader market reaction to renewed geopolitical pressure in the region. No additional details were provided in the source on the duration of the moves or whether the price action continued later in the session.
Cross-asset moves at the Monday open
WTI crude rose more than 3% and approached $74 a barrel at the start of Monday trading after U.S.-Iran tensions escalated, according to Gate data cited by Odaily.
Odaily said Iran announced over the weekend that it would close the Strait of Hormuz, while the United States launched two strikes on Iran early Monday. The report said the latest developments pushed tensions higher again.
Other assets also moved at the open. Spot gold fell below $4,100, down nearly 0.8%. Spot silver dropped more than 2% to $58.65 an ounce. Nasdaq futures slipped 0.4%, the U.S. Dollar Index (DXY) strengthened by more than 10 points, and 10-year U.S. Treasury futures fell 5 points.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
