Oil and gold prices are soaring, stocks are falling, as Iran war and Middle East conflict escalate

With the U.S. stock market set to open for the first time since the Iran conflict began, traders are bracing for havoc amid fears of economic disruption.

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In the wake of the U.S.-Israel attack on Iran and the broader conflict that is now escalating across the Middle East region, oil and gas prices are skyrocketing on Monday along with precious metals like gold and silver.

Here’s an update on how markets are reacting to the conflict:

Oil and gas prices are up

Crude oil futures are up more than 7% over the last 24 hours as military operations threaten supply and spark fears of a drawn-out conflict that could disrupt the global economy. The price is up 25% year to date.

Gold and silver are also up

Precious metals such as gold and silver are also on the rise as investors once again turn to safe-haven assets in the wake of geopolitical uncertainty.

Gold hit a record high of $5,434.10 per ounce on Monday. As of this writing, it was up 4% over the last five days and a staggering 86% over the last 12 months.

Silver, which had fallen from record highs it had seen earlier this year, is now up more than 8% over the last five days.

Cryptocurrencies have been volatile this year after falling significantly from their high point in October 2025.

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