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Oil Set for Weekly Gain as U.S. Targets Iran Exports; Tariff Fears Ease

Oil markets are performing well this week despite ongoing geopolitical complexities. Brent crude advanced toward a 1% weekly gain, trading at $75.43 per barrel, while WTI crude remained stable around $71.06.

The positive momentum stems from two key factors: the U.S. Treasury’s aggressive plan to reduce Iranian oil exports by over 90%, and President Trump’s measured approach to reciprocal tariffs, opting for study rather than immediate implementation.

However, market analyst Stephen Innes suggests that while prices may trend lower, an immediate collapse is unlikely. The potential resolution of the Russia-Ukraine conflict has partially reduced the fear premium in oil prices, though fundamental supply-demand dynamics remain the primary price drivers. Meanwhile, natural gas emerged as a standout performer, surging toward a 13% weekly gain.

Ronnie Stoeferle featured beside gold bars and coins, with "$8,900 by 2030" text highlighting his long-term gold price forecast.
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Ronnie Stoeferle featured beside gold bars and coins, with "$8,900 by 2030" text highlighting his long-term gold price forecast.
Videos

Ronnie Stoeferle’s $8,900 Gold Forecast Comes With a Warning 

Gold could reach $8,900 by 2030, according to Ronnie Stoeferle. Yet he expects further downside before the next major rally. In this GoldSilver interview, he explains why his long-term outlook remains bullish, what could trigger gold’s next advance, and how he approaches gold, silver, and portfolio allocation.

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A heavy bank vault door with a multi-spoke locking wheel standing open in warm light — representing gold and silver held for the long term.
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