Oil Spikes, Gold Hesitates: Markets React to Strait of Hormuz Risk
Mar 16, 2026 08:30AM PST
Oil benchmarks surged early on Monday, with Brent and WTI topping US$100 as North American markets opened. Momentum cooled shortly after, leaving Brent holding near the triple-digit threshold and WTI sitting in the US$93 range. Conversely, gold started the week sitting at US$5,000 per ounce, its lowest point in March.
