Oil Extends Gains as Trump Threatens More Iran Strikes

Oil prices rose again in the session of August 31, building on gains from the prior day, after President Trump threatened additional strikes against Iran. Investing.com reported that the latest fighting had already resurrected fears of a supply disruption in the Middle East before the president's comments added a further boost. Gold told a different story. The metal steadied after a two-day drop, with the earlier Iran strikes cited as a reason inflation risk was creeping back into investor calculations, but it did not rally the way crude did. The divergence suggests investors are pricing a physical supply threat into oil more aggressively than they are pricing a broad inflation shock into gold. How long the oil premium holds depends on whether Trump follows through on the strike threat and whether any actual disruption to Iranian or regional output materializes.