Brent crude jumps as US-Iran fighting continues

The price of Brent crude has surged by over three percent as tensions between the US and Iran escalate, with Brent trading at nearly $78 a barrel after Trump reinstated the blockade on Iran. This spike in oil prices reflects heightened global economic uncertainty, as investors flock to safer assets like gold, which saw a nearly three percent drop to $4,005 per ounce. This situation underscores the significant impact geopolitical conflicts can have on global markets, influencing everything from energy prices to financial stability.