Web Trader MT5 
Oil prices rose sharply on Monday, with Brent above $115 and WTI around $101, as escalating tensions in the Middle East heightened fears of supply disruptions.
The surge was driven by Houthi missile attacks on Israel and reports that President Donald Trump is considering taking control of Iran’s oil resources, signaling a further escalation in the conflict.
As the war enters its fifth week and spreads across the region, growing risks to energy infrastructure and key supply routes continue to push oil prices higher and keep markets on edge.
Asia-Pacific markets fell sharply on Monday, with major indices in South Korea and Japan dropping around 4–5%.
Central banks, particularly the Bank of Japan, flagged the need for potential rate hikes due to rising inflation, while global sentiment remained weak, with U.S. futures also falling after a recent sell-off on Wall Street.
Gold rebounded above $4,500 after dipping earlier, supported by a slight pullback in the U.S. dollar and continued geopolitical tensions.
However, expectations of higher global interest rates and a stronger long term outlook for the dollar continue to limit gold’s upside, with traders cautious about confirming a sustained recovery.
The strength in the US dollar is pressuring other major currencies. EURUSD is consolidating near the 1.1500 level after hitting a one week low, but remains vulnerable to further downside.
Technically, the outlook is mildly bearish, with price below key resistance near 1.1550 and indicators showing weak momentum, suggesting further declines are possible if support levels break.
Tags
Open Live Account
Please enter a valid country
No results found
No results found
Please enter a valid email
Please enter a valid verification code
1. 8-16 characters + numbers (0-9) 2. blend of letters (A-Z, a-z) 3. special characters (e.g, !a#S%^&)
Please enter the correct format
Please tick the checkbox to proceed
Please tick the checkbox to proceed
Important Notice
STARTRADER does not accept any applications from Australian residents.
To comply with regulatory requirements, clicking the button will redirect you to the STARTRADER website operated by STARTRADER PRIME GLOBAL PTY LTD (ABN 65 156 005 668), an authorized Australian Financial Services Licence holder (AFSL no. 421210) regulated by the Australian Securities and Investments Commission.
CONTINUEImportant Notice for Residents of the United Arab Emirates
In alignment with local regulatory requirements, individuals residing in the United Arab Emirates are requested to proceed via our dedicated regional platform at startrader.ae, which is operated by STARTRADER Global Financial Consultation & Financial Analysis L.L.C.. This entity is licensed by the UAE Capital Market Authority (CMA) under License No. 20200000241, and is authorised to introduce financial services and promote financial products in the UAE.
Please click the "Continue" button below to be redirected.
CONTINUEError! Please try again.
