On Monday, 2 March 2026, commodity markets recorded price gains after weekend military strikes by the United States and Israel on Iranian territory.
At 08:25 UTC, Brent crude was trading at $80.17 per barrel, WTI at $73.22 per barrel, spot gold at $5,405 per ounce, and spot silver at $95.60 per ounce.
Trading took place amid shipping disruptions in the Persian Gulf region. The Strait of Hormuz remains a key route for oil exports from the region. The price moves emerged in the first hours of European trading following the weekend events.