Commodities: Oil Rises Amid Shaky Start To U.S.-Iran Ceasefire
ING Economic and Financial Analysis·2026-06-22·via All Articles on Seeking Alpha
Summary
Oil prices have moved higher this morning as the US-Iran ceasefire gets off to a rocky start. In natural gas markets, ongoing tension between the US and Iran has seen TTF prices rally by more than 3% this morning.
For energy markets, the key factor is still whether oil and LNG flows from the Persian Gulf continue to recover, despite all the rhetoric.
Gold fell for a third consecutive session on Friday, posting a third straight weekly decline. The metal lost more than 2% over the week as investors weighed the outlook for US-Iran negotiations and US monetary policy.
