Conflict & Security
Oil and gold surge as US-Iran tensions escalate in Strait of Hormuz; OPEC cuts demand forecast
July 14, 2026 at 08:27 AM
Coverage
7 reports · 6 in Arabic, 1 in English · over 9 hours
MAMasrawy
تباطؤ معدل التضخم في أمريكا بأكبر من المتوقع في يونيو | مصراوي
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MAMasrawy
الذهب يهبط لأدنى سعر في أسبوعين والنفط يقفز لأعلى مستوى في شهر.. ماذا يحدث؟
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AJAl Jazeera English
US bombs Iran again, Tehran strikes Gulf, tankers: What’s the latest?
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AJAl Jazeera Arabic
الذهب ينتعش وسط ترقب بيانات التضخم الأمريكية
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AJAl Jazeera Arabic
توتر مضيق هرمز يرفع النفط إلى أعلى مستوى في شهر
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AJAl Jazeera Arabic
وزير النفط: صادرات إيران مستمرة رغم إلغاء الإعفاءات الأمريكية
(opens the publisher’s site)SNSky News Arabia
أوبك تخفض توقعاتها لنمو الطلب العالمي على النفط في 2026
(opens the publisher’s site)Rising oil prices and gold gains follow renewed US-Iran hostilities in the Strait of Hormuz, while OPEC revises its global demand outlook downward.
- Oil prices rose over 2% to a four-week high as the US reimposed its naval blockade on Iran and both sides escalated attacks in the Strait of Hormuz.
- The UAE defense ministry reported that an Indian sailor was killed and eight others injured after Iranian cruise missiles struck two UAE-flagged tankers in Omani waters.
- Gold rose 0.58% to $4,024.07, recovering from a two-week low, as markets awaited US inflation data; Federal Reserve Governor Christopher Waller said the Fed may need to raise rates soon if inflation remains above the 2% target.
- OPEC cut its 2026 global oil demand growth forecast to 780,000 barrels per day, the third consecutive reduction, while raising its 2027 projection to 1.94 million bpd.