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Military Escalation in the Gulf Region: Oil and Gold Prices Reach High Levels

March 2, 2026اقتصاد | الإذاعة الجزائريةradioalgerie.dzTranslated from Arabic
Military Escalation in the Gulf Region: Oil and Gold Prices Reach High Levels

Oil and gold prices have risen to high levels amid military escalation in the Gulf region. Reuters reported this Monday that 'Brent crude oil prices rose by 10.9 percent to touch $82 per barrel for the first time since June 23, 2025. The agency indicated that Brent crude prices are on a steady rise as tensions in the Gulf region escalate and crude oil shipments are disrupted. Gold prices also rose by 2 percent to reach $5,330 per ounce, according to Reuters figures.

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