# Oil jumps 4% and gold falls as US and Iran trade attacks

Oil prices surged over 4% and gold slid as the United States and Iran exchanged attacks, escalating geopolitical tensions. The conflict disrupted energy markets and investor confidence, impacting global commodity prices. This matters because it signals heightened instability in a key oil-producing region, with potential ripple effects on inflation and global economic growth.

**Importance:** 4/5

## Sources

### Business
- [The Guardian Biz](https://www.theguardian.com/business/live/2026/jul/13/oil-price-jumps-gold-slides-us-iran-trade-attacks-live-news-updates) — Mon, 13 Jul 2026 06:46:34 GMT

### World
- [Al Jazeera](https://www.aljazeera.com/news/2026/7/13/new-iran-strikes-on-gulf-as-us-attacks-escalate-what-we-know?traffic_source=rss) — Mon, 13 Jul 2026 09:16:08 +0000
- [Al Jazeera](https://www.aljazeera.com/news/2026/7/13/us-and-iran-trade-strikes-as-ceasefire-comes-under-growing-strain?traffic_source=rss) — Mon, 13 Jul 2026 09:01:48 +0000
- [Al Jazeera](https://www.aljazeera.com/video/newsfeed/2026/7/15/how-irans-southern-coast-is-bearing-the-brunt-of-us-attacks?traffic_source=rss) — Wed, 15 Jul 2026 05:34:12 +0000
- [Al Jazeera](https://www.aljazeera.com/news/2026/7/15/us-attacks-iran-as-irgc-claims-strikes-on-us-military-sites-in-gulf?traffic_source=rss) — Wed, 15 Jul 2026 07:58:36 +0000
- [Al Jazeera](https://www.aljazeera.com/video/newsfeed/2026/7/15/iran-launches-attacks-across-region-as-us-strikes-continue?traffic_source=rss) — Wed, 15 Jul 2026 09:15:56 +0000
- [Al Jazeera](https://www.aljazeera.com/news/2026/7/15/us-resumes-iran-ports-blockade-as-gulf-attacks-continue-whats-the-latest?traffic_source=rss) — Wed, 15 Jul 2026 08:44:38 +0000
- [Al Jazeera](https://www.aljazeera.com/news/2026/7/16/us-launches-new-attacks-on-iran-as-tehran-targets-gulf-sites?traffic_source=rss) — Thu, 16 Jul 2026 08:18:23 +0000
- [Al Jazeera](https://www.aljazeera.com/video/newsfeed/2026/7/16/iran-claims-strikes-on-us-bases-warns-of-wider-attacks-on-region?traffic_source=rss) — Thu, 16 Jul 2026 12:00:45 +0000
- [Al Jazeera](https://www.aljazeera.com/news/liveblog/2026/7/18/iran-war-live-us-and-iran-exchange-attacks-for-7th-consecutive-night?traffic_source=rss) — Sat, 18 Jul 2026 00:00:00 +0000
- [Al Jazeera](https://www.aljazeera.com/video/newsfeed/2026/7/23/travellers-panic-as-us-attacks-iran-iraq-border-crossing?traffic_source=rss) — Thu, 23 Jul 2026 07:56:55 +0000
- [Al Jazeera](https://www.aljazeera.com/news/2026/7/24/us-attacks-iran-as-houthis-allow-chinese-ships-to-pass-whats-the-latest?traffic_source=rss) — Fri, 24 Jul 2026 07:59:01 +0000
- [Al Jazeera](https://www.aljazeera.com/video/newsfeed/2026/7/29/iran-attacks-now-to-send-message-as-us-assets-build-up-in?traffic_source=rss) — Wed, 29 Jul 2026 11:19:46 +0000
- [Al Jazeera](https://www.aljazeera.com/news/2026/7/29/iran-pushes-back-against-us-as-regional-attacks-heat-up?traffic_source=rss) — Wed, 29 Jul 2026 17:45:27 +0000
- [Al Jazeera](https://www.aljazeera.com/news/2026/7/31/russia-and-ukraine-report-casualties-as-they-continue-to-trade-attacks?traffic_source=rss) — Fri, 31 Jul 2026 14:22:51 +0000
- [Al Jazeera](https://www.aljazeera.com/news/2026/8/3/more-than-10-killed-as-russia-and-ukraine-trade-heavy-attacks?traffic_source=rss) — Mon, 03 Aug 2026 14:23:07 +0000