/Oil Near $98 as Hormuz Tensions Rise; Gold Gains on Ceasefire Uncertainty
Oil Near $98 as Hormuz Tensions Rise; Gold Gains on Ceasefire Uncertainty
Written By: Naba ZehraUpdated: Wed, Apr 22, 2026, 04:27 PM IST
Crude oil stays near $98 as US-Iran tensions disrupt supply via Strait of Hormuz. Gold rises, copper steady, and markets react to ceasefire extension and Fed signals.