US-Iran Conflict Escalates, Gold Prices Soar Amid Supply Disruption Fears

The ongoing US-Iran conflict has taken a turn for the worse as Washington and Tehran continue to dispute control over the Strait of Hormuz. Despite the US maintaining that the waterway is open, Iran insists it's closed.

Recent data shows shipping flows through Hormuz remain significantly below pre-conflict levels, sparking fears of supply disruptions in the region.

The tension escalated on Sunday with the US and Iran trading air strikes for the first time since July. President Donald Trump even posted an AI-generated video of a military strike on Kharg Island, which is a major oil export hub for Iran.