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Oil and gas prices surged as the US-Israeli air war against Iran widened and was expected to last for weeks. The dollar and gold also gained as investors sought safe havens.
Prolonged conflict threatens to disrupt Middle East energy supply and could reignite inflation, raising fuel, fertilizer and freight costs for feed buyers.
reuters.comSinead Carew, Alun JohnMar 1, 2026After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
After 136 past bullish geopolitics events, Natural Gas moved a median +2.7% over 5 sessions (63% higher; middle half -1.8% to +8.8%), and +4.0% over 20.
After 89 past bullish geopolitics events, US Dollar (Broad) moved a median +0.5% over 5 sessions (74% higher; middle half -0.0% to +1.0%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
Reports the dollar and gold rallying as the US-Israeli war on Iran widened over the weekend, the immediate catalyst for Monday's move.
