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Geopol: Oil, Gold, and Silver surge on Trump’s Tehran warning

Market Rundown |

Housekeeping: Good Morning.

The reset is a process, not an event

Topic:

  • Geopol: Oil, Gold, and Silver surge on Trump’s Tehran warning

Market Analysis:

Geopol: Oil and gold surge on Trump’s Tehran warning

·
Jun 17
Geopol: Oil and gold surge on Trump’s Tehran warning

Bottom Line: Oil and gold are rising again after President Donald Trump called for the evacuation of Tehran following earlier optimism that the Israel Iran conflict would remain contained

Markets initially reacted with optimism on reports that Iran signaled openness to de-escalate tensions with Israel and resume nuclear negotiations. However, those gains proved short-lived. Later in the session, oil rebounded to $73.50, and equity futures turned negative, reflecting renewed geopolitical uncertainty.
G7 Interrupted by Middle East Urgency
President Donald Trump and Secretary of State Marco Rubio abruptly announced their early departure from the G7 summit in Canada. Though public statements cited the escalating situation in the Middle East, their exit raised speculation about the U.S.'s role in a potential broader conflict.
Includes updated War Decision Tree analysis and ING Commodity comment on the new developments

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Data on Deck: Fed Week

  • MONDAY, JUNE 16 8:30 am Empire State manufacturing

  • TUESDAY, JUNE 178:30 am U.S. retail sales

  • WEDNESDAY, JUNE 18 8:30 am Housing starts, 2:00 pm FOMC rate decision

  • THURSDAY, JUNE 19 None scheduled, Juneteenth holiday

  • FRIDAY, JUNE 20 8:30 am Philadelphia Fed survey

  • Full calendar1

Summary and Final Market Check…

  • June 30th for Silver

  • BRICS Summit Starting Soon

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