Crude oil surged to a six-week high amid Middle East tensions, while gold dipped as a stronger US dollar and rising oil prices impacted investor sentiment ahead of the Fed meeting.
Crude oil prices hit their highest in over 6 weeks
Jul 23, 2026
09:36 am
What's the storyCommodity markets witnessed a mixed bag on July 23. Crude oil prices hit their highest in over six weeks amid rising tensions in the Middle East.
The US recently launched new strikes against Iran and Yemen's Houthis, raising fears of possible disruptions to oil supplies via the Red Sea.
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July 23 : Oil prices rose more than 1.5 per cent to their highest in more than six weeks on Thursday, with the United States…
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