US-Iran war, March 9 -- 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.

Brent crude oil climbed 15% to around $107 per barrel, extending last week's sharp 28% rally. On the other hand, spot gold rate today fell 2.12% to $5,049 per ounce, while spot silver prices plunged 3.51% to $81.34 per ounce, during the Asian trading hours on Monday.

Oil markets faced the risk of further disruption this week as the conflict involving Iran entered its second week. Major producers curtailed output, while shipping through the Strait of Hormuz - a key route for global oil transportation - was ...