U.S.-Iran Nuclear Talks Collapse as Oil Prices Surge

U.S.-Iran nuclear negotiations have come to a halt, leading to a significant impact on the commodities market. According to NS3.AI, West Texas Intermediate (WTI) crude oil prices opened 3% higher today. In contrast, spot gold prices dropped below $4,700 per ounce, settling around $4,680, while silver experienced a 1% decline. Additionally, futures for the three major U.S. stock indices fell by approximately 0.3%.