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US-Iran war: Crude oil price hits 52-week high, logging 20% intraday gain, gold-silver rates crash up to 3.5%

US-Iran war: Crude oil prices surpassed $100 a barrel for the first time since 2022. Meanwhile, safe haven assets gold and silver rates today crashed up to 3% on Monday, March 9, amid escalating tensions in the Middle East.

Mar 09, 2026 &03150909202631; 01:15 UTC www.livemint.com Trending 4/5

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Negative for markets

Sentiment score: -35/100

High impact Immediate effect (hours)

WHAT THIS MEANS

Crude oil prices surged above $100/barrel for the first time since 2022 with a 20% intraday gain on US-Iran tensions, while safe-haven assets gold and silver unexpectedly declined 3-3.5% despite geopolitical risk escalation, indicating market volatility and potential profit-taking in precious metals.

AI CONFIDENCE

75% High

SENTIMENT GAUGE

NEWS POWER SCORE

AFFECTED ASSETS

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Oil (WTI Crude)

CL=FCommodity

Expected to rise

Crude oil surged 20% intraday to above $100/barrel due to US-Iran geopolitical tensions and supply disruption concerns

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Gold Futures

GC=FCommodity

Expected to decline

Gold crashed 3% despite safe-haven demand, likely due to profit-taking and dollar strength from risk-off positioning

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Euro / US Dollar

EURUSDCurrency

High volatility expected

Currency volatility expected from geopolitical tensions and divergent commodity price movements affecting risk sentiment

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S&P 500

^GSPCIndex

Expected to decline

US equities likely pressured by elevated oil prices impacting corporate margins and economic growth concerns

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FTSE MIB (Italy)

FTSEMIB.MIIndex

High volatility expected

European indices face mixed signals from energy cost inflation and geopolitical risk premium

PRICE HISTORY

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⚡ SUGGESTED ACTION

Monitor oil volatility closely for mean reversion; consider long energy/short equities positioning. Gold's weakness despite tensions may present contrarian buying opportunity if geopolitical escalation continues. Watch for central bank intervention signals and supply disruption updates.

KEY SIGNALS

Oil breach of $100/barrel psychological level signals supply shock riskPrecious metals decline despite geopolitical premium suggests profit-taking and risk-off sentiment20% intraday oil gain indicates extreme volatility and potential overextensionSafe-haven asset weakness contradicts typical crisis behavior, signaling market confusion

SECTORS INVOLVED

EnergyCommoditiesDefensive EquitiesTransportationAirlines

Analysis generated on Mar 09, 2026 at 15:20 UTC

Disclaimer: This analysis is generated by artificial intelligence for informational purposes only and does not constitute financial advice, investment recommendation, or solicitation. Original reporting by Livemint. Always conduct your own research and consult a qualified financial advisor before making investment decisions.

US-Iran war: Crude oil price hits 52-week high, logging 20% intraday gain, gold-silver rates crash up to 3.5%

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