If Iran Attacks Ships in the Strait of Hormuz Again
President Donald Trump warned that if Iran resumes attacks on vessels in the Strait of Hormuz, the United States will retaliate by targeting Iran’s critical infrastructure, including bridges, power plants, and areas near Tehran.
Iran’s foreign minister responded immediately, stating that Iran was prepared to retaliate on an “eye for an eye, tooth for a tooth” basis. He also stressed that the country would not give in to pressure from the United States.
Meanwhile, Trump claimed that Iran was under intense pressure and “wanted to make a deal.” However, the situation in the Middle East remains highly fragile following reports that several U.S. military personnel were injured in recent Iranian attacks.
📊 Impact on Gold Prices
The renewed escalation in geopolitical tensions could strengthen demand for safe-haven assets such as gold.
Any closure or disruption to shipping through the Strait of Hormuz could cause oil prices to surge, intensifying inflationary pressures and potentially providing further support for gold prices.
However, if the conflict does not escalate and diplomatic negotiations resume, gold could face profit-taking pressure.
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