“War, Oil & Gold Shock: The World Trembles Again as the Middle East War Erupts and the Global Economy Enters the Stagflation Era – Analysis by SO OK TRADING”

World in Turmoil! Middle East War Erupts – Oil Surges, Gold Swings, Global Economy Shaken
Article by SO OK TRADING | July 25, 2026

 
U.S.–Iran Situation
President Trump announced he is close to deciding on a “Massive Attack” against Iran after 13 consecutive nights of airstrikes. Iran retaliated by striking U.S. bases in Jordan and intercepting four vessels in the Strait of Hormuz. The U.K. was accused of being a cooperating ally → defense measures elevated to 24-hour readiness.

Yemen–Saudi Arabia
Houthi rebels launched a two-front operation against Saudi Arabia. They blockaded the Red Sea, intercepting oil tankers → shipping costs surged.

Syria–Israel
The UN and Syria demanded Israel withdraw from the Golan Heights. Israel reinforced its air defense systems, preparing for major conflict across the Persian Gulf, West Bank, and Gaza.

 
⛽ Global Oil Prices
Brent: Spiked to $102–105 before closing at $96.78 (-3.88%) on July 23–24, 2026
WTI: Closed at $89.31 (-3.12%) Volatility driven by blockades of oil routes and diplomatic efforts from China–Pakistan. Tankers from Saudi Arabia, India, and China forced to reroute around Africa → freight costs soared.