Crude oil prices surged due to uncertainty surrounding the Strait of Hormuz reopening, while gold stabilized after achieving its strongest weekly performance since January.

Global markets experienced a rise in crude oil prices alongside a decline in major stock indices on Friday, August 7. According to inter ...

Oil prices declined as investors weighed prospects of reopening the Strait of Hormuz against persistent geopolitical risks. Markets also awaited US payrolls data, while…