US-Iran Tensions Rock Global Markets: Oil, Gold Soar as Investors Seek Safe Havens

• Global commodity markets shaken by US-Iran tensions, driving oil and gold prices to multi-month highs.
• Brent crude hit $71.49/barrel, US crude $66.18/barrel; gold surged past $5000/troy ounce.
• Investors are shifting from risky assets to safe havens like gold amid fears of conflict.
• Strait of Hormuz, a critical oil transit route, poses a major supply disruption threat.
• Rising oil prices could fuel global inflation, impacting central bank policies and economic growth.